Choiceone Financial Services (COFS) Non Operating Interest Expenses (2010 - 2024)
Choiceone Financial Services (COFS) posted Non Operating Interest Expenses of $11.6 million for Q2 2024, down 3.22% on a QoQ basis from $12.0 million in Q1 2024, and up 60.18% year-over-year from $7.2 million in Q3 2023.
Analysis
Choiceone Financial Services (COFS) Non Operating Interest Expenses (2010 - 2024) Analysis & Trends
Choiceone Financial Services has reported Non Operating Interest Expenses for 15 years, with the latest figure at $11.6 million in Q2 2024.
- On a quarterly basis, Non Operating Interest Expenses rose 60.18% year-over-year to $11.6 million in Q2 2024; TTM through Jun 2024 was $45.0 million, a 167.52% increase from a year earlier, with the FY2023 full-year figure at $33.1 million, up 327.25% from the prior year.
- Non Operating Interest Expenses was $11.6 million for Q2 2024 at Choiceone Financial Services, down from $12.0 million in the prior quarter.
- The five-year high for Non Operating Interest Expenses was $12.0 million in Q1 2024, with the low at $911000.0 in Q2 2021.
- Average Non Operating Interest Expenses over 5 years is $4.1 million, with a median of $1.4 million recorded in 2020.
- The sharpest annual moves came in 2020 and 2023: Non Operating Interest Expenses sank 37.43% in 2020, then soared 424.69% in 2023.
- Over 5 years, Non Operating Interest Expenses stood at $1.0 million in 2020, then gained by 2.39% to $1.1 million in 2021, then jumped by 204.66% to $3.3 million in 2022, then surged by 248.91% to $11.4 million in 2023, then gained by 1.46% to $11.6 million in 2024.
- The last three Non Operating Interest Expenses figures came in at $11.6 million (Q2 2024), $12.0 million (Q1 2024), and $11.4 million (Q4 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 948.96 Bn | 948.96 Bn | - | -467.75 Bn |
| 2 | Truist Financial | 61.64 Bn | 61.64 Bn | - | 224.00 Mn |
| 3 | Fifth Third Bancorp | 49.62 Bn | 25.89 Bn | - | - |
| 4 | M&T Bank | 34.88 Bn | 34.88 Bn | - | - |
| 5 | Huntington Bancshares | 33.82 Bn | 29.29 Bn | - | - |
| 6 | Citizens Financial | 29.46 Bn | 29.46 Bn | - | - |
| 7 | Regions Financial | 25.57 Bn | 25.57 Bn | - | - |
| 8 | First Citizens Bancshares | 25.00 Bn | 24.48 Bn | 29.00 Mn | - |
| 9 | Keycorp | 23.27 Bn | -24.42 Bn | - | - |
| 10 | Choiceone Financial Services | 507.01 Mn | 408.86 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 11.57 Mn |
| Mar 31, 2024 | 11.96 Mn |
| Dec 31, 2023 | 11.41 Mn |
| Sep 30, 2023 | 10.08 Mn |
| Jun 30, 2023 | 7.23 Mn |
| Mar 31, 2023 | 4.39 Mn |
| Dec 31, 2022 | 3.27 Mn |
| Sep 30, 2022 | 1.95 Mn |
| Jun 30, 2022 | 1.38 Mn |
| Mar 31, 2022 | 1.15 Mn |
| Dec 31, 2021 | 1.07 Mn |
| Sep 30, 2021 | 1.03 Mn |
| Jun 30, 2021 | 911,000.00 |
| Mar 31, 2021 | 967,000.00 |
| Dec 31, 2020 | 1.05 Mn |
| Sep 30, 2020 | 1.09 Mn |
| Jun 30, 2020 | 984,000.00 |
| Mar 31, 2020 | 1.52 Mn |
| Dec 31, 2019 | 1.68 Mn |
| Sep 30, 2019 | 991,000.00 |