Oconee Federal Financial Corp. Announces Quarterly Financial Results
-
Fifty consecutive quarterly dividends of
$0.10 per share since the quarter endedDecember 2011 . -
Total assets were
$663.2 million , an increase of 11.4% from$595.4 million atJune 30, 2023 . -
Total loans outstanding were
$473.1 million , up from$413.0 million atJune 30, 2023 . -
At
March 31, 2024 , our stock book value and tangible book value were$13.35 and$12.90 , respectively.
“Continuing higher interest rates are compressing net interest margin with a decline in net interest income to
Cash Dividend Declared
Total dividends paid during the quarter ended
About Oconee Federal
For financial information, please access our investor information page on our website at www.oconeefederal.com.
Forward-Looking Statements
This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on current expectations, estimates and projections about the Company’s and the Association’s industry, and management’s beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify fiscal year forward-looking statements. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to forecast. Therefore, actual results may differ materially from those expressed or forecast in such forward-looking statements. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information or otherwise.
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Investor/Media Contact:
President & Chief Executive Officer
864-882-2765
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