Oconee Federal Financial Corp. Announces Year End Financial Results
Oconee Federal Financial Corp. (OFED)
US:NASDAQ Investor Relations:
oconeefederal.com/about-us.aspx
Company Research
Source: Business Wire
SENECA, S.C.--(BUSINESS WIRE)-- 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 $5.5 million, or $0.95 per diluted share, for the year ended June 30, 2017, compared to net income of $5.2 million, or $0.90 per diluted share, for the year ended June 30, 2016. June 30, 2017 Year End Highlights: Eight consecutive quarterly dividends of $0.10 per share for the years ended June 30, 2017 and 2016. Total assets were $481.3 million, a decrease of 0.9% from $485.6 million at June 30, 2016; Total loans outstanding were $307.6 million, up from $292.1 million at June 30, 2016; and Total deposits were $394.5 million, a decrease from $399.6 million at June 30, 2016. “Fiscal year 2017 was another good
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