Oconee Federal Financial Corp. Reports 33% Decline in Net Income to $4.2M, EPS Falls to $0.73 for Year Ending June 30, 2025
Oconee Federal Financial Corp. reported a 33% decline in net income to $4.2 million for the year ending June 30, 2025, with earnings per share falling to $0.73. Total assets increased slightly to $668.2 million, while total loans rose to $478.7 million. The company improved its net interest margin to $15.5 million, aided by the acquisition of Mutual Savings Bank. A quarterly cash dividend of $0.10 per share was declared, to be paid on August 21, 2025.
Oconee Federal Financial Corp. (OTCQX: OFED), the holding company for Oconee Federal Savings and Loan Association, has reported its annual financial results for the year ended June 30, 2025. The company recorded a net income of $4.2 million, or $0.73 per diluted share, marking a decrease from the net income of $6.3 million, or $1.10 per diluted share, reported for the year ended June 30, 2024. Total assets experienced a slight increase of 0.39%, rising to $668.2 million from $665.6 million as of June 30, 2024. Total loans outstanding grew to $478.7 million, up from $469.7 million in the previous year. The company highlighted an improvement in its net interest margin, which increased from $12.1 million in the prior year to $15.5 million for the year ended June 30, 2025. This improvement followed the acquisition of Mutual Savings Bank in Hartsville, SC, in January 2024, and benefitted from the current interest rate environment. Despite the prior year’s bargain purchase gain of $4.9 million, the net income improved from $1.4 million for the year ended June 30, 2024, to $4.2 million for the year ended June 30, 2025. Oconee Federal Financial Corp. has declared a quarterly cash dividend of $0.10 per share, set to be paid on August 21, 2025, to stockholders of record as of August 7, 2025. Total dividends paid during the year amounted to $2.3 million. The company expressed its commitment to providing top-notch products and services to its customers in the coming year. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oconee Federal Financial Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250820124331) on August 20, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
