OFED
Oconee Federal Financial Corp.14.77
-0.46-3.02%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
86.03MP/E (TTM)
18.23Basic EPS (TTM)
0.81Dividend Yield
0.03%Recent Filings
8-K
Quarterly dividend declared
Oconee Federal Financial Corp. declared a quarterly cash dividend of $0.10 per share on August 8, 2023, payable to shareholders of record on August 18 and disbursed around August 25. This steady payout underscores the company's commitment to returning value amid stable operations. Dividends remain a core reward. No forward-looking guidance or risks were disclosed.
8-K
Voluntary Nasdaq delisting announced
Oconee Federal Financial Corp. notified Nasdaq on July 20, 2023, of its plan to voluntarily delist its common stock, effective July 31, with SEC deregistration via Form 15 around August 10 to suspend reporting obligations. This move, tied to a merger with Mutual Savings Bank, targets cost savings on filings, accounting, and legal fees while shifting to OTCQX trading. Shareholders number under 1,200. Delisting cuts compliance burdens sharply.
8-K
Merger boosts assets to $633M
Oconee Federal Financial Corp. announced a merger on July 19, 2023, where Mutual Savings Bank will merge into Oconee Federal, boosting consolidated assets from $588 million to $633 million as of March 31, 2023. The deal involves issuing $3.5 million in common stock to the MHC based on a third-party appraisal, with closure eyed for Q4 2023 or Q1 2024 pending depositor and regulatory approvals. It promises immediate earnings and tangible book value accretion. Yet risks like delayed approvals loom.
10-Q
Q3 FY2023 results
Oconee Federal Financial Corp. posted net income of $628 thousand for Q3 FY2023 ended March 31, 2023, down from $1.0 million a year earlier, as net interest income fell 10% to $3.4 million on higher funding costs amid rising rates—interest expense jumped 530% y/y to $1.6 million while loan yields edged up 18 basis points to 4.21%. Loans grew 16% y/y to $402 million, driving a $50 thousand provision for loan losses, yet nonperforming assets dropped to 0.25% of loans from 0.60%. Deposits rose 2.5% to $471 million, backed by $7.7 million in cash; FHLB advances climbed to $42 million at rates of 1.59%-5.37%, with $100 million available. Non-GAAP metrics not disclosed in the 10-Q. Rising rates squeeze margins.
8-K
Quarterly dividend declared
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