Welcome to our dedicated page for Oconee Fed Finl news (Ticker: OFED), a resource for investors and traders seeking the latest updates and insights on Oconee Fed Finl stock.
Oconee Federal Financial Corp (OFED) provides investors and stakeholders essential updates through this centralized news hub. Track official announcements including quarterly earnings, regulatory filings, and strategic initiatives from this federally chartered institution with nearly a century of community banking experience.
This resource aggregates verified press releases and financial disclosures, offering transparent insights into OFED's residential mortgage operations and retail deposit strategies. Users will find updates on leadership changes, compliance milestones, and community development programs that reflect the company's commitment to traditional banking values.
Key content includes annual report analyses, dividend declarations, and operational updates from OFED's South Carolina headquarters. The curated collection enables efficient monitoring of this mid-tier holding company's performance within the savings and loan sector.
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Oconee Federal Financial Corp. (OTCQX: OFED) has announced a new stock repurchase program. The company plans to buy back up to 50,000 shares of its common stock, representing approximately 0.86% of its issued and outstanding shares.
The repurchase will be executed through various methods including open-market purchases, block trades, and negotiated private transactions. The timing will depend on market conditions, prices, available funds, and alternative capital uses. The company will implement the program under Rule 10b5-1 of the Securities Exchange Act of 1934, with repurchased shares being held as treasury stock.
Oconee Federal Financial Corp (OTCQX: OFED) has announced a quarterly cash dividend of $0.10 per share of common stock. The dividend will be distributed to stockholders of record as of May 8, 2025, with payments scheduled for May 22, 2025.
Oconee Federal Financial Corp. (OTCQX: OFED) reported financial results for Q1 2025, with net income of $1.0 million ($0.17 per diluted share), compared to $5 million ($0.86 per diluted share) in Q1 2024. The previous year's results included a one-time $4.9 million bargain purchase gain from the Mutual Savings Bank acquisition.
Key metrics as of March 31, 2025:
- Total assets: $659.0 million (down 0.99% from $665.6 million)
- Total loans: $481.8 million (up from $473.0 million)
- Book value: $14.15
- Tangible book value: $13.70
- Quarterly dividend: $0.10 per share (54th consecutive quarter)
President and CEO Curtis T. Evatt noted a $726 thousand increase in net income when excluding the prior year's bargain purchase gain and merger expenses, attributing the growth to improved interest margin.
Oconee Federal Financial Corp. (OTCQX: OFED), the holding company for Oconee Federal Savings and Loan Association, has announced a quarterly cash dividend of $0.10 per share on its common stock. The dividend will be paid to stockholders of record as of February 6, 2025, with payment scheduled for around February 20, 2025.
Oconee Federal Financial Corp. (OFED) reported net income of $978 thousand ($0.17 per diluted share) for Q4 2024, significantly higher than $320 thousand ($0.06 per diluted share) in Q4 2023. The company's total assets decreased by 1.13% to $658.1 million from $665.6 million in June 2024, while total loans increased to $472.5 million from $469.7 million.
The company maintained its tradition of paying quarterly dividends, marking its 53rd consecutive quarterly dividend of $0.10 per share since December 2011. The stock's book value and tangible book value were $13.64 and $13.19, respectively. The improved earnings were attributed to better interest margins compared to Q4 2023, despite slight decreases in assets due to paying down Federal Home Loan Bank borrowings and deposit fluctuations.
Oconee Federal Financial Corp. (OTCQX: OFED) has announced a quarterly cash dividend of $0.10 per share. The dividend will be distributed to stockholders of record as of November 7, 2024, with payment scheduled for November 21, 2024. This announcement comes from the holding company of Oconee Federal Savings and Loan Association.
Oconee Federal Financial Corp. (OTCQX: OFED) reported net income of $790,000, or $0.14 per diluted share, for the quarter ended September 30, 2024. This marks an increase from $312,000, or $0.06 per diluted share, in the same quarter of 2023. Key highlights include:
- 52 consecutive quarterly dividends of $0.10 per share since December 2011
- Total assets decreased 0.72% to $660.8 million from $665.6 million in June 2024
- Total loans outstanding decreased to $468.6 million from $469.7 million in June 2024
- Stock book value: $14.26; Tangible book value: $13.81
- Earnings increased due to improved interest margin
- Quarterly cash dividend of $0.10 per share paid on August 22, 2024
President and CEO Curtis T. Evatt noted strong capital ratios and expressed optimism for future growth despite slight decreases in assets and deposits.
Oconee Federal Financial Corp. (OTCQX: OFED) reported net income of $6.3 million, or $1.10 per diluted share, for the fiscal year ended June 30, 2024, surpassing the previous year's $3.3 million. The company's total assets increased by 11.8% to $665.6 million, while total loans outstanding rose to $469.7 million. Despite challenges from higher interest rates compressing the net interest margin, OFED's acquisition of Mutual Savings Bank in January 2024 contributed to asset growth and a $4.9 million earnings boost from a bargain purchase gain. The company maintained its quarterly dividend of $0.10 per share, continuing its 51-quarter streak of dividend payments.
Oconee Federal Financial Corp. (OTCQX: OFED), the holding company for Oconee Federal Savings and Loan Association, has announced a quarterly cash dividend of $0.10 per share on its common stock. The dividend will be paid to stockholders of record as of August 8, 2024, with the payment scheduled for August 22, 2024. This announcement demonstrates the company's commitment to providing regular returns to its shareholders, potentially indicating financial stability and confidence in its ongoing operations.
Oconee Federal Financial Corp. (OFED) reported a strong quarterly performance with net income of $3.9 million, or $0.57 per diluted share, surpassing the previous year's $628 thousand, or $0.11 per diluted share. The company also declared its fifty consecutive quarterly dividends of $0.10 per share since December 2011. Total assets increased by 11.4% to $663.2 million, loans outstanding grew to $473.1 million, and stock book value and tangible book value were $13.35 and $12.90, respectively. Despite a decline in net interest income due to higher interest rates, the acquisition of Mutual Savings Bank in Hartsville, SC, helped boost assets and earnings. The company's capital ratios remain strong, with plans to expand products and services for new customers in Hartsville.
