Choiceone Financial Services (COFS) Research & Development (2010 - 2026)
Choiceone Financial Services (COFS) posted quarterly Research & Development of $2.3 million for Q1 2026, up 14.56% year-over-year from $2.0 million in Q1 2025, and down 3.54% quarter-over-quarter from $2.4 million in Q4 2025.
Choiceone Financial Services (COFS) Research & Development (2010 - 2026) Analysis & Trends
Choiceone Financial Services' Research & Development history runs 17 years deep, the most recent figure standing at $2.3 million for Q1 2026.
- In Q1 2026, Research & Development rose 14.56% year-over-year to $2.3 million; the TTM figure through Mar 2026 stood at $9.6 million (up 46.28% YoY), while the FY2025 annual figure was $9.3 million, up 57.68% from the prior year.
- Research & Development for Q1 2026 stood at $2.3 million, down from $2.4 million in the prior quarter.
- The five-year high for Research & Development was $2.5 million in Q3 2025, with the low at $263000.0 in Q4 2023.
- The 5-year median for Research & Development is $1.7 million (2023), against an average of $1.7 million.
- The sharpest annual moves came in 2022 and 2024: Research & Development sank 73.27% in 2022, then jumped 469.96% in 2024.
- Choiceone Financial Services' Research & Development stood at $432000.0 in 2022, then tumbled by 39.12% to $263000.0 in 2023, then surged by 469.96% to $1.5 million in 2024, then surged by 58.37% to $2.4 million in 2025, then slipped by 3.54% to $2.3 million in 2026.
- Business Quant data shows COFS's Research & Development at $2.3 million in Q1 2026, $2.4 million in Q4 2025, and $2.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 250.00 Mn |
| 10 | Choiceone Financial Services | 498.10 Mn | 399.96 Mn | - | 2.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.45 Mn |
| Mar 31, 2026 | 2.29 Mn |
| Dec 31, 2025 | 2.37 Mn |
| Sep 30, 2025 | 2.50 Mn |
| Jun 30, 2025 | 2.44 Mn |
| Mar 31, 2025 | 2.00 Mn |
| Dec 31, 2024 | 1.50 Mn |
| Sep 30, 2024 | 1.60 Mn |
| Jun 30, 2024 | 1.47 Mn |
| Mar 31, 2024 | 1.34 Mn |
| Dec 31, 2023 | 263,000.00 |
| Sep 30, 2023 | 1.72 Mn |
| Jun 30, 2023 | 1.68 Mn |
| Mar 31, 2023 | 1.68 Mn |
| Dec 31, 2022 | 432,000.00 |
| Sep 30, 2022 | 1.73 Mn |
| Jun 30, 2022 | 1.58 Mn |
| Mar 31, 2022 | 1.74 Mn |
| Dec 31, 2021 | 1.62 Mn |
| Sep 30, 2021 | 1.47 Mn |