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 $4.2 million, or $0.73 per diluted share, for the year ended June 30, 2025, compared to the net income of $6.3 million, or $1.10 per diluted share, for the year ended June 30, 2024.

June 30, 2025 Year End Summary:

Fifty-five consecutive quarterly dividends of $0.10 per share since the quarter ended December 2011.
Total assets were $668.2 million, an increase of 0.39% from $665.6 million at June 30, 2024.
Total loans outstanding were $478.7 million, up from $469.7 million at June 30, 2024.

"The year ended June 30, 2025 was a good year for Oconee Federal. With our increased size since our acquisition of Mutual Savings Bank in Hartsville, SC in January 2024, along with the current interest rate environment, our net interest margin has improved from $12.1 million for the year ended June 30, 2024 to $15.5 million for the year ended June 30, 2025," stated Curtis T. Evatt, President and Chief Executive Officer. "Net of the prior year bargain purchase gain of $4.9 million, our net income has improved from $1.4 million for the year ended June 30, 2024 to $4.2 million for the year ended June 30, 2025. Our capital ratios continue to be among some of the highest in the industry. We are looking forward to the opportunity of providing the best products and services to our customers in the coming year."

Cash Dividend Declared

Total dividends paid during the year ended June 30, 2025 were $2.3 million. On July 23, 2025, the Board of Directors of the Company declared a quarterly cash dividend of $0.10 per share of the Company's common stock payable to stockholders of record as of August 7, 2025, which is payable on August 21, 2025.

About Oconee Federal

Oconee Federal Financial Corp. (OTCQX:OFED) is the holding company of Oconee Federal Savings and Loan Association. Oconee Federal Savings and Loan Association is a federally chartered savings and loan association founded in 1924 and headquartered in Seneca, South Carolina. Oconee Federal Savings and Loan Association is a community oriented financial institution operating eight full-service branch locations in Oconee County, South Carolina, Pickens County, South Carolina, Darlington County, South Carolina, Stephens County, Georgia and Rabun County, Georgia.

For future 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:

Curtis T. Evatt

President & Chief Executive Officer

Oconee Federal Financial Corp.

201 East North Second Street

Seneca, South Carolina

864-882-2765

Oconee Federal Financial Corp. Announces Annual Financial Results