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Oconee Federal Financial Corp

Oconee Federal Financial Corp is a bank holding company for Oconee State Bank, which provides a range of banking services to individuals and businesses in Georgia, United States. The company's stock is listed on the NASDAQ stock exchange under the ticker symbol OFED.

As of December 31, 2021, Oconee Federal Financial Corp had total assets of $1.81 billion, total loans of $1.34 billion, and total deposits of $1.53 billion. The company's net interest margin was 3.63% and its return on average assets was 1.38%.

In 2021, Oconee Federal Financial Corp reported net income of $23.2 million, up from $19.4 million in 2020. The company's earnings per share were $4.06 in 2021, compared to $3.32 in 2020.

Oconee Federal Financial Corp has a strong track record of growth, with total assets, loans, and deposits all increasing over the past several years. The company has also consistently increased its dividend payout to shareholders, with a current annual dividend yield of approximately 2.2%.

Looking forward, Oconee Federal Financial Corp is well-positioned to continue its growth trajectory, driven by a strong economy in Georgia and a focus on providing high-quality banking services to its customers. However, like all banks, it is subject to risks such as changes in interest rates, economic downturns, and regulatory changes. As with any investment, it is important for investors to conduct their own research and consider their own risk tolerance before investing in Oconee Federal Financial Corp.