Oconee Federal Financial Corp. Reports Annual Financial Results

08/20/2025 – 10:33 AM

SENECA, S.C.–(BUSINESS WIRE)–Oconee Federal Financial Corp. (OTCQX: OFED), the parent company of Oconee Federal Savings and Loan Association, today reported a net income of $4.2 million, or $0.73 per diluted share, for the fiscal year concluding June 30, 2025. This compares to a net income of $6.3 million, or $1.10 per diluted share, for the prior fiscal year ending June 30, 2024. Market watchers are keenly observing how Oconee Federal navigates the evolving interest rate landscape and capitalizes on its recent acquisition.

Fiscal Year 2025 Highlights:

Maintained a consistent dividend payout of $0.10 per share for 55 consecutive quarters, a track record stretching back to December 2011.
Total assets reached $668.2 million, a modest increase of 0.39% from $665.6 million as of June 30, 2024. This growth suggests a steady, albeit not explosive, expansion of the company’s financial base.
Loan portfolio expanded to $478.7 million, up from $469.7 million at the close of the previous fiscal year. This indicates continued lending activity and potential revenue generation.

Curtis T. Evatt, President and CEO, commented on the results: “Fiscal year 2025 was a solid period for Oconee Federal. The integration of Mutual Savings Bank, acquired in Hartsville, SC, in January 2024, coupled with the prevailing interest rate climate, has bolstered our net interest margin. We’ve seen it climb from $12.1 million in fiscal year 2024 to $15.5 million this year.” Evatt further noted, “Excluding the one-time bargain purchase gain of $4.9 million from the previous year, our net income has improved significantly from $1.4 million to $4.2 million. Our capital ratios remain robust, placing us among the industry’s top performers. We are enthusiastic about the opportunity to deliver exceptional products and services to our customer base in the coming year.” Analysts will be watching closely to see if Oconee Federal can maintain this momentum.

Dividend Declaration

Total dividends paid out during the fiscal year amounted to $2.3 million. The Board of Directors, on July 23, 2025, authorized a quarterly cash dividend of $0.10 per share, payable on August 21, 2025, to shareholders of record as of August 7, 2025. This consistent dividend policy is likely to appeal to income-seeking investors.

About Oconee Federal

Oconee Federal Financial Corp. (OTCQX: OFED) serves as the holding company for Oconee Federal Savings and Loan Association. Founded in 1924 and based in Seneca, South Carolina, Oconee Federal Savings and Loan Association operates as a community-focused financial institution with eight full-service branches across Oconee County, Pickens County and Darlington County, South Carolina, as well as Stephens County and Rabun County, Georgia.

Further investor-related information can be found on the company’s website at www.oconeefederal.com.

Forward-Looking Statements

This announcement includes forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. These statements are predictions based on current expectations, estimates, and projections concerning the Company’s and the Association’s industry, as well as management’s perspectives and assumptions. Phrases such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “estimates,” and similar expressions are used to signal these forward-looking assessments. These statements should not be interpreted as guarantees of future performance and are subject to inherent risks, uncertainties, and assumptions that are challenging to predict. Consequently, actual results may differ significantly from those projected in these forward-looking statements. The Company disclaims any responsibility to revise or update these forward-looking statements publicly, whether due to new information or other factors.

Oconee Federal Financial Corp. Reports Annual Financial Results