Choiceone Financial Services (COFS) Rent Expense (2010 - 2026)
Choiceone Financial Services (COFS) posted quarterly Rent Expense of $2.6 million for Q1 2026, up 50.73% year-over-year from $1.7 million in Q1 2025, and up 4.94% quarter-over-quarter from $2.5 million in Q4 2025.
Choiceone Financial Services (COFS) Rent Expense (2010 - 2026) Analysis & Trends
Choiceone Financial Services' Rent Expense history runs 17 years deep, the most recent figure standing at $2.6 million for Q1 2026.
- In Q1 2026, Rent Expense rose 50.73% year-over-year to $2.6 million; the TTM figure through Mar 2026 stood at $10.2 million (up 68.25% YoY), while the FY2025 annual figure was $9.3 million, up 60.67% from the prior year.
- Rent Expense for Q1 2026 stood at $2.6 million, up from $2.5 million in the prior quarter.
- The five-year high for Rent Expense was $2.7 million in Q3 2025, with the low at $1.4 million in Q4 2024.
- The 5-year median for Rent Expense is $1.5 million (2022), against an average of $1.8 million.
- The sharpest annual moves came in 2024 and 2025: Rent Expense slipped 11.02% in 2024, then soared 82.64% in 2025.
- Choiceone Financial Services' Rent Expense stood at $1.5 million in 2022, then retreated by 2.0% to $1.5 million in 2023, then retreated by 5.98% to $1.4 million in 2024, then surged by 78.52% to $2.5 million in 2025, then climbed by 4.94% to $2.6 million in 2026.
- Business Quant data shows COFS's Rent Expense at $2.6 million in Q1 2026, $2.5 million in Q4 2025, and $2.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 121.20 Bn | 85.00 Bn | - | - |
| 2 | Pnc Financial Services | 97.72 Bn | 97.72 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 95.92 Bn | 95.92 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.78 Bn | -144.31 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.99 Bn | -81.33 Bn | - | - |
| 7 | Nu Holdings | 70.73 Bn | 57.04 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.59 Bn | 61.59 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.49 Bn | 25.77 Bn | - | 154.00 Mn |
| 10 | Choiceone Financial Services | 498.40 Mn | 400.26 Mn | - | 2.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.43 Mn |
| Jun 30, 2026 | 2.43 Mn |
| Mar 31, 2026 | 2.59 Mn |
| Mar 31, 2026 | 2.59 Mn |
| Dec 31, 2025 | 2.47 Mn |
| Dec 31, 2025 | 2.47 Mn |
| Sep 30, 2025 | 2.69 Mn |
| Sep 30, 2025 | 2.69 Mn |
| Jun 30, 2025 | 2.43 Mn |
| Jun 30, 2025 | 2.43 Mn |
| Mar 31, 2025 | 1.72 Mn |
| Mar 31, 2025 | 1.72 Mn |
| Dec 31, 2024 | 1.38 Mn |
| Dec 31, 2024 | 1.38 Mn |
| Sep 30, 2024 | 1.48 Mn |
| Sep 30, 2024 | 1.48 Mn |
| Jun 30, 2024 | 1.48 Mn |
| Jun 30, 2024 | 1.48 Mn |
| Mar 31, 2024 | 1.46 Mn |
| Mar 31, 2024 | 1.46 Mn |