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Oconee Financial Corp - OSBK STOCK NEWS

Welcome to our dedicated news page for Oconee Financial (Ticker: OSBK), a resource for investors and traders seeking the latest updates and insights on Oconee Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Oconee Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Oconee Financial's position in the market.

Rhea-AI Summary
Oconee Financial Corporation (OSBK) announces a 12% increase in its annual common stock cash dividend to $0.95 per share for 2024, payable on April 1, 2024. The dividend increase is attributed to the company's improved earnings in 2023 and overall financial strength.
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Oconee Financial Corporation reported fourth-quarter 2023 results with a net income decrease of 33% compared to the same period in 2022. However, year-to-date earnings for 2023 increased by 44% over the prior year. Total assets, loans, and deposits also showed significant growth. The company's book value per share increased, and the CEO highlighted a positive performance amidst a challenging banking industry.
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Oconee Financial Corporation (OTCQX: OSBK) reports a 184% increase in net earnings for Q3 2023 compared to Q3 2022, driven by non-interest income and net interest income. YTD net earnings for 2023 also increased by 78% compared to the same period in 2022. Total assets increased by 8%, with total loans and deposits also showing significant growth. The company's book value per share increased to $37.81. The merger with Elberton Federal contributed to the increase in total deposits and total assets.
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Oconee Financial Corporation has completed its acquisition of Elberton Federal Savings & Loan Association. The stock offering, which was oversubscribed, generated approximately $4.3 million in gross offering proceeds. Oconee aims to provide the same high level of service to its new customers.
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Oconee Financial Corp

OTC:OSBK

OSBK Rankings

OSBK Stock Data

35.29M
493.89k
Commercial Banking
Finance and Insurance
Link
United States
Watkinsville

About OSBK

oconee state bank is a locally owned and operated community bank in oconee county, offering a competitive line of products and services. member fdic and equal housing lender in the early 1900s, there were banks in all the small towns of oconee county…bishop, bogart, eastville, farmington and watkinsville. when the depression came along in 1929, all the banks went broke and oconee county was without a bank for the next 30 years. in 1958, a group of community leaders recognized the need for a bank in oconee county and started a process of getting the necessary approval for a state chartered community bank. in 1959, they announced that the fdic had approved a community bank and oconee state bank opened its doors for business on february 1, 1960 with 3 employees and a small corner office on main street in downtown watkinsville. because the local people had lost money in banks that went broke, it was important for the founders to promote the bank as a “locally-owned bank” that would be owne