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.
Summary not available.
Summary not available.
Summary not available.
Oconee Federal Financial Corp. (NASDAQ: OFED) reported net income of $4.1 million, or $0.72 per diluted share for the year ended June 30, 2022, unchanged from the prior year. Key metrics include total assets of $544.8 million, a slight increase, and total loans outstanding of $345.1 million, rising by 1.8%. The company declared a quarterly cash dividend of $0.10 per share, marking 43 consecutive quarters of dividends since December 2011.
Oconee Federal Financial Corp. (Nasdaq: OFED) reported net income of $4.1 million, or $0.72 per diluted share, for the year ended June 30, 2021, up from $3.9 million, or $0.67 per diluted share, year-over-year. Total assets increased by 5.5% to $543.7 million, while total loans outstanding decreased to $339.1 million. The Company declared a quarterly cash dividend of $0.10 per share, marking thirty-nine consecutive quarterly dividends since December 2011. The firm aims to support customers impacted by COVID-19, lending $7.7 million through the Paycheck Protection Program.