By Kelly Cloonan
Shares of ChoiceOne Financial climbed after profit and net interest income rose in its latest quarter, topping analyst estimates.
The stock rose 11% to $30.34 on Friday, on pace for its largest percent increase in more than a year. Shares are down 15% this year.
The parent company of ChoiceOne Bank posted a profit of $14.7 million, or 97 cents a share, compared with $7.3 million, or 85 cents a share, a year earlier.
Adjusted earnings per share were 97 cents, topping estimates of 86 cents a share according to analysts polled by FactSet.
Net interest income rose to $37.6 million from $20.2 million a year ago. Analysts had forecast $36.1 million.
Chief Executive Kelly Potes said the results were driven by the company's merger with Fentura Financial, which closed in March.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
October 24, 2025 12:18 ET (16:18 GMT)
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