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Oconee Fed Finl Corp - OFED STOCK NEWS

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.

Bookmark this page for direct access to primary source materials from Oconee Federal Financial Corp. Regularly updated content supports informed decision-making for those tracking regional banking institutions with proven regulatory compliance and conservative financial management.

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Oconee Federal Financial Corp. (OTCQX: OFED) has announced a quarterly cash dividend of $0.10 per share for its common stock. The dividend will be payable to stockholders of record as of May 9, 2024. This decision reflects the company's commitment to returning value to its shareholders.
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Oconee Federal Financial Corp. (OFED) has completed its acquisition of Mutual Savings Bank, issuing 230,215 shares of its common stock to the MHC, increasing consolidated assets to approximately $660 million. The transaction was immediately accretive to earnings and tangible book value per share, with capital ratios exceeding 'well capitalized' standards. Oconee Federal has established an Advisory Board and will support the Hartsville, South Carolina community through charitable grants. The merger aims to provide customers with a larger suite of products and service capabilities while continuing to support the community.
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Oconee Federal Financial Corp. (OFED) declared a quarterly cash dividend of $0.10 per share of common stock, payable to stockholders of record as of February 8, 2024. This announcement reflects the company's commitment to providing returns to its shareholders.
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Oconee Federal Financial Corp. (OFED) reported a net income of $320 thousand for the quarter ended December 31, 2023, down from $1.1 million in the same period in 2022. Total assets increased by 3.0% to $613.1 million, and total loans outstanding rose to $428.9 million. The company has declared 49 consecutive quarterly dividends of $0.10 per share since December 2011. Despite facing challenges due to interest margin compression, the company experienced steady growth in loan balances and deposits, with a positive outlook for the future.
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Oconee Federal Financial Corp. (OTCQX: OFED) declares a quarterly cash dividend of $0.10 per share of common stock.
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Oconee Federal Financial Corp. announces a decrease in net income for the quarter ended September 30, 2023.
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Oconee Federal Financial Corp. (OFED) reported a net income of $3.3 million, or $0.60 per diluted share, for the year ended June 30, 2023, down from $4.1 million, or $0.73 per diluted share, for the year ended June 30, 2022. Despite challenges due to interest margin compression, the company saw a 9.3% increase in total assets to $595.4 million, with total loans outstanding at $411.5 million, up 19.7% from the previous year. Oconee Federal also announced a quarterly cash dividend of $0.10 per share and a recently announced merger with Mutual Savings Bank.
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Oconee Federal Financial Corp. and Mutual Savings Bank have announced a merger agreement, with Mutual merging into Oconee Federal. The merger is expected to increase the Company's consolidated assets from $588 million to $633 million. The transaction is expected to be immediately accretive to the Company's earnings and tangible book value per share. The merger is subject to certain conditions and is expected to close in Q4 2023 or Q1 2024.
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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.

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OTC:OFED

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72.98M
1.21M
0.11%
Banks - Regional
Financial Services
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United States
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