Articles from Oconee Federal Financial Corp.

Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today that the Board of Directors declared a quarterly cash dividend of $0.10 per share of the Company’s common stock. The dividend will be payable to stockholders of record as of February 6, 2025, and will be paid on or about February 20, 2025.

Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today net income of $978 thousand, or $0.17 per diluted share, for the quarter ended December 31, 2024, which was more than the net income of $320 thousand, or $0.06 per diluted share, for the quarter ended December 31, 2023.

Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today that the Board of Directors declared a quarterly cash dividend of $0.10 per share of the Company’s common stock. The dividend will be payable to stockholders of record as of November 7, 2024, and will be paid on or about November 21, 2024.

Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today net income of $790 thousand, or $0.14 per diluted share, for the quarter ended September 30, 2024, which was more than the net income of $312 thousand, or $0.06 per diluted share, for the quarter ended September 30, 2023.

Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today net income of $6.3 million, or $1.10 per diluted share, for the year ended June 30, 2024, which was more than the net income of $3.3 million, or $0.60 per diluted share, for the year ended June 30, 2023.

Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today that the Board of Directors declared a quarterly cash dividend of $0.10 per share of the Company’s common stock. The dividend will be payable to stockholders of record as of August 8, 2024, and will be paid on or about August 22, 2024.

Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today net income of $3.9 million, or $0.57 per diluted share, for the quarter ended March 31, 2024, which was more than the net income of $628 thousand, or $0.11 per diluted share, for the quarter ended March 31, 2023.

Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today that the Board of Directors declared a quarterly cash dividend of $0.10 per share of the Company’s common stock. The dividend will be payable to stockholders of record as of May 9, 2024, and will be paid on or about May 23, 2024.

Oconee Federal Financial Corp. (OTC: OFED) (“the Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), and the majority-owned subsidiary of Oconee Federal, MHC (“the MHC”), has completed its acquisition of Mutual Savings Bank (“Mutual”).

Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today that the Board of Directors declared a quarterly cash dividend of $0.10 per share of the Company’s common stock. The dividend will be payable to stockholders of record as of February 8, 2024, and will be paid on or about February 22, 2024.

Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today net income of $320 thousand, or $0.06 per diluted share, for the quarter ended December 31, 2023, which was less than the net income of $1.1 million, or $0.20 per diluted share, for the quarter ended December 31, 2022.

Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today that the Board of Directors declared a quarterly cash dividend of $0.10 per share of the Company’s common stock. The dividend will be payable to stockholders of record as of November 9, 2023, and will be paid on or about November 22, 2023.

Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today net income of $312 thousand, or $0.06 per diluted share, for the quarter ended September 30, 2023, which was less than the net income of $1.3 million, or $0.24 per diluted share, for the quarter ended September 30, 2022.

Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today net income of $3.3 million, or $0.60 per diluted share, for the year ended June 30, 2023, which was less than the net income of $4.1 million, or $0.73 per diluted share, for the year ended June 30, 2022.

Oconee Federal Financial Corp. (the “Company”) (NASDAQOFED), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today that it has notified the NASDAQ Stock Market of the Company’s intent to voluntarily delist its common stock from the NASDAQ Capital Market. The Company further intends to withdraw the registration of its common stock with the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

Oconee Federal Financial Corp. (NASDAQOFED) (“the Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), and the majority-owned subsidiary of Oconee Federal, MHC (“the MHC”), and Mutual Savings Bank (“Mutual”), a federally-chartered mutual savings bank, today announced the execution of an agreement pursuant to which Mutual will merge with and into Oconee Federal with Oconee Federal as the surviving entity. The merger is expected to increase the Company’s consolidated assets from $588 million at March 31, 2023 to $633 million based on Mutual’s assets as of March 31, 2023.

Oconee Federal Financial Corp. (Nasdaq: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today net income of $4.1 million, or $0.72 per diluted share, for the year ended June 30, 2022, which was the same as the net income of $4.1 million, or $0.72 per diluted share, for the year ended June 30, 2021.

Oconee Federal Financial Corp. (Nasdaq: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today net income of $4.1 million, or $0.72 per diluted share, for the year ended June 30, 2021, compared to net income of $3.9 million, or $0.67 per diluted share, for the year ended June 30, 2020.