Asset growth

Oconee Federal Financial Corp. (OFED) reported a net income of $4.2 million ($0.73 per diluted share) for fiscal year 2025, down from $6.3 million the previous year. Total assets grew slightly to $668.2 million, with the loan portfolio expanding to $478.7 million. The company maintained its $0.10 per share dividend for the 55th consecutive quarter. CEO Curtis T. Evatt cited the Mutual Savings Bank acquisition and interest rate environment as factors boosting net interest margin. The board declared a $0.10 dividend payable August 21, 2025.

First Bancshares (FBSI) reported Q2 2025 net income of $1.82 million ($0.75 per diluted share), up from $1.63 million ($0.67/share) in Q2 2024. Profitability metrics were strong with a 1.36% ROA and 11.82% ROE. Total assets grew $27.3 million YoY to $544.1 million, driven by a $13 million increase in cash equivalents, a $15.9 million rise in net loans ($445.3M), and a $13.4 million deposit surge ($468.3M). A $7.5 million portion of asset growth stemmed from arbitrage activities. Shareholders’ equity increased $6.3 million to $62.3 million. The Bank remains “well-capitalized.”