Choiceone Financial Services (COFS) Rent Expense (2010 - 2026)
Choiceone Financial Services (COFS) posted Rent Expense of $2.4 million for Q2 2026, down 6.1% on a QoQ basis from $2.6 million in Q1 2026, and little changed year-over-year from $2.4 million in Q2 2025.
Analysis
Choiceone Financial Services (COFS) Rent Expense (2010 - 2026) Analysis & Trends
Choiceone Financial Services has reported Rent Expense for 17 years, with the latest figure at $2.4 million in Q2 2026.
- On a quarterly basis, Rent Expense changed 0.04% year-over-year to $2.4 million in Q2 2026; TTM through Jun 2026 was $10.2 million, a 45.34% increase from a year earlier, with the FY2025 full-year figure at $9.3 million, up 60.67% from the prior year.
- Rent Expense was $2.4 million for Q2 2026 at Choiceone Financial Services, down from $2.6 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.
- Average Rent Expense over 5 years is $1.8 million, with a median of $1.5 million recorded in 2022.
- The sharpest annual moves came in 2024 and 2025: Rent Expense declined 11.02% in 2024, then surged 82.64% in 2025.
- Over 5 years, Rent Expense stood at $1.5 million in 2022, then slipped by 2.0% to $1.5 million in 2023, then slipped by 5.98% to $1.4 million in 2024, then jumped by 78.52% to $2.5 million in 2025, then fell by 1.46% to $2.4 million in 2026.
- The last three Rent Expense figures came in at $2.4 million (Q2 2026), $2.6 million (Q1 2026), and $2.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 948.96 Bn | 948.96 Bn | - | - |
| 2 | Truist Financial | 61.64 Bn | 61.64 Bn | - | 171.00 Mn |
| 3 | Fifth Third Bancorp | 49.62 Bn | 25.89 Bn | - | 154.00 Mn |
| 4 | M&T Bank | 34.88 Bn | 34.88 Bn | - | 129.00 Mn |
| 5 | Huntington Bancshares | 33.82 Bn | 29.29 Bn | - | 90.00 Mn |
| 6 | Citizens Financial | 29.46 Bn | 29.46 Bn | - | 108.00 Mn |
| 7 | Regions Financial | 25.57 Bn | 25.57 Bn | - | 73.00 Mn |
| 8 | First Citizens Bancshares | 25.00 Bn | 24.48 Bn | 29.00 Mn | 59.00 Mn |
| 9 | Keycorp | 23.27 Bn | -24.42 Bn | - | 68.00 Mn |
| 10 | Choiceone Financial Services | 507.01 Mn | 408.86 Mn | - | 2.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.43 Mn |
| Mar 31, 2026 | 2.59 Mn |
| Dec 31, 2025 | 2.47 Mn |
| Sep 30, 2025 | 2.69 Mn |
| Jun 30, 2025 | 2.43 Mn |
| Mar 31, 2025 | 1.72 Mn |
| Dec 31, 2024 | 1.38 Mn |
| Sep 30, 2024 | 1.48 Mn |
| Jun 30, 2024 | 1.48 Mn |
| Mar 31, 2024 | 1.46 Mn |
| Dec 31, 2023 | 1.47 Mn |
| Sep 30, 2023 | 1.43 Mn |
| Jun 30, 2023 | 1.51 Mn |
| Mar 31, 2023 | 1.64 Mn |
| Dec 31, 2022 | 1.50 Mn |
| Sep 30, 2022 | 1.55 Mn |
| Jun 30, 2022 | 1.52 Mn |
| Mar 31, 2022 | 1.63 Mn |
| Dec 31, 2021 | 1.58 Mn |
| Sep 30, 2021 | 1.54 Mn |