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Oconee Federal Financial Corp. reports community banking developments as the holding company for Oconee Federal Savings and Loan Association, a federally chartered savings and loan association founded in 1924 and based in Seneca, South Carolina. The association operates full-service branches in South Carolina and Georgia, including markets in Oconee, Pickens, Darlington, Stephens and Rabun counties.
Company news commonly covers quarterly and annual financial results, net interest margin commentary, cash dividend declarations, stock repurchase authorizations and capital-management updates tied to its community banking franchise.
Oconee Federal Financial (OTCQX: OFED) reported net income of $4.9 million, or $0.84 per diluted share, for the year ended June 30, 2026, up from $4.2 million, or $0.73, a year earlier.
Total assets reached $677.4 million, a 1.37% increase, and total net loans rose to $495.7 million from $478.7 million. Book value and tangible book value per share were $15.21 and $14.76, respectively, at June 30, 2026. Net interest margin (in dollars) increased from $15.5 million to $17.5 million year over year.
The company has paid 59 consecutive quarterly dividends of $0.10 per share since December 2011. Total dividends paid in fiscal 2026 were $2.3 million. On July 30, 2026, the board declared a quarterly cash dividend of $0.10 per share, payable August 27, 2026 to shareholders of record on August 13, 2026.
Oconee Federal Financial Corp. (OTCQX: OFED) announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its common stock. The dividend is payable to shareholders of record on August 13, 2026, with payment on or about August 27, 2026.
Oconee Federal Financial (OTCQX: OFED) authorized a stock repurchase program to buy up to 150,000 shares of its common stock, about 2.86% of issued and outstanding shares. Purchases may occur via open-market, block, private transactions or a Rule 10b5-1 trading plan, with repurchased shares held as treasury stock.
Oconee Federal Financial (OTCQX: OFED) announced board-approved leadership transitions effective June 25, 2026. Curtis T. Evatt was elected Chairman of the Boards while retaining his roles as CEO of Oconee Federal and President and CEO of the Company. David H. Stafford was elected President of Oconee Federal, and former Chairman Robert N. McLellan Jr. will remain on both Boards.
According to the company, these moves are part of ongoing succession planning to support long-term growth, strategic objectives, and leadership continuity for customers, employees, shareholders, and local communities.
Oconee Federal Financial Corp (OTCQX: OFED) declared a quarterly cash dividend of $0.10 per share. The dividend is payable to stockholders of record as of May 7, 2026 and will be paid on or about May 21, 2026.
Oconee Federal Financial Corp (OTCQX: OFED) authorized a stock repurchase program to buy up to 50,000 shares, representing approximately 0.86% of outstanding common stock. Purchases may occur via open-market, block trades, negotiated transactions, or a Rule 10b5-1 trading plan. Repurchased shares will be held as treasury shares.
Oconee Federal Financial Corp. (OTCQX: OFED) reported net income of $1.13 million, or $0.19 per diluted share, for the quarter ended March 31, 2026, versus $1.01 million (or $0.17 per diluted share) for the year-ago quarter.
Total assets were $663.1 million and total loans were $491.8 million at March 31, 2026. Stock book value and tangible book value were $15.13 and $14.69, respectively. The company declared and paid a $0.10 quarterly dividend; this marks 58 consecutive quarterly dividends.
Oconee Federal Financial Corp (OTCQX: OFED) announced a quarterly cash dividend of $0.10 per share. The dividend will be payable to stockholders of record as of February 5, 2026 and is scheduled to be paid on or about February 19, 2026.
Oconee Federal Financial Corp (OTCQX: OFED) reported net income of $1.1 million or $0.20 per diluted share for the quarter ended December 31, 2025, up from $978 thousand or $0.17 per diluted share a year earlier. Total assets were $662.4 million and total loans were $485.5 million at December 31, 2025. Stock book value was $15.09 and tangible book value was $14.64. The company paid total dividends of $582 thousand during the quarter and has paid a quarterly dividend of $0.10 per share for 57 consecutive quarters since December 2011. Management cited an improved interest margin and strong capital ratios.
Oconee Federal Financial Corp (OTCQX: OFED) declared a quarterly cash dividend of $0.10 per share. The dividend is payable to shareholders of record as of November 6, 2025 and will be paid on or about November 20, 2025.
This communicates a near-term cash return to common shareholders and a scheduled payment timeline.