Start here if you're new
what it is
Oconee Federal is a small community bank that takes deposits and makes home, business, and consumer loans in South Carolina and Georgia.
how it gets paid
Last year Oconee Federal made n/a in revenue. Residential real estate lending was the main engine at $5.14M, or 32% of sales.
what just happened
The clean takeaway is the jump to $1.10 in FY2024 EPS from $0.60 in FY2023, with Q4 alone at $0.41.
At a glance
C++ balance sheet — some cracks in the foundation
50/100 earnings predictability — expect surprises
17.1x trailing p/e — the market's not buying it — or you found a deal
2.5% dividend yield — cash in your pocket every quarter
$0.73 fy2025 eps est
xvary composite: 48/100 — below average
What they do
Oconee Federal is a small community bank that takes deposits and makes home, business, and consumer loans in South Carolina and Georgia.
This is old-school banking. You keep your checking account, savings, mortgage, and business loan in one place, and leaving gets annoying fast. Oconee Federal does that across its local market with 79 employees, which matters because community banking still runs on relationships and repeat business.
How they make money
n/a
annual revenue
Residential real estate lending
$5.14M
Commercial real estate lending
$4.50M
Deposit accounts and related fees
$3.21M
Consumer and home equity lending
$1.61M
Construction, agricultural, and C&I lending
$1.61M
The products that matter
takes deposits and makes loans
Community banking
local market · 41,799 people
this is the whole story. you own a local banking franchise tied to one county, and the page shows $16.07M of net interest income doing most of the work.
primary earnings driver
fees and other banking income
Non-interest income
~$2.41M · about 13% of mix
this is the smaller side business. at roughly $2.41M, it adds diversification, but not enough to change the fact that spread income carries the thesis.
secondary support
quarterly shareholder payout
Dividend policy
$0.10 quarterly · 57 straight quarters
this is not a banking product, but it matters to you because the 2.55% yield is a large part of the stock's appeal. if earnings weaken, this becomes the first emotional pressure point.
income hook
Key numbers
17.1x
trailing p/e
P/E ratio → how many years of current profit you are paying for → so what: this is not a bargain multiple for a tiny bank.
$0.73
FY2025 EPS
EPS estimate → profit per share expected next year → so what: it is 21% below trailing EPS of $0.92.
2.5%
dividend yield
Dividend yield → cash paid back to you each year → so what: most of your return may come from income, not growth.
0.5
beta
Beta → how jumpy the stock is versus the market → so what: the shares have been calmer than most stocks.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 60 / 100
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for OFED right now.
source: institutional data · return history unavailable
What just happened
beat estimates
The clean takeaway is the jump to $1.10 in FY2024 EPS from $0.60 in FY2023, with Q4 alone at $0.41.
Quarterly EPS went from $0.05 in Q4 FY2023 to $0.41 in Q4 FY2024. That is a sharp rebound, but the full history still looks lumpy: FY2022 EPS was $0.73, FY2023 was $0.60, and FY2024 hit $1.10.
$0.41
eps
n/a
n/a
n/a
n/a
the number that mattered
FY2024 EPS of $1.10 matters because it was 83% above FY2023's $0.60, which explains why the stock can look cheap on old numbers and expensive on new ones at the same time.
source: quarterly EPS history, year ended 06/30/2024
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
The #1 risk is net interest margin pressure in a one-county franchise. This bank is small, concentrated, and only earning 0.59% on assets, so it does not have much room for a funding mistake or credit wobble.
med
Thin profitability
A 0.59% return on assets and 4.55% return on equity tell the same story: the bank is profitable, but not by much. If deposit costs rise faster than loan yields, earnings compress fast.
Impact: the stock already trades at 17.1x trailing earnings. If those earnings soften, the valuation stops looking conservative.
med
Single-market exposure
You own a bank tied to Oconee County, Georgia, a market of 41,799 people. That keeps operations simple, but it also means one local slowdown hits deposits, credit quality, and loan demand at the same time.
Impact: there is no geographic diversification to hide a weak local cycle.
med
Dividend pressure
The 57-quarter dividend streak is a credibility asset. It is also a promise the income statement has to keep funding. If profits weaken, management has to choose between preserving capital and preserving the streak.
Impact: a cut would hit the part of the thesis many holders care about most — the 2.55% yield and the signal behind it.
med
Limited operating leverage
With a market cap near $107M and revenue mix on this page of about $18.48M, there is not much scale to spread fixed costs across. Small changes in expenses can matter more here than they do at a regional bank.
Impact: even steady revenue can still produce disappointing shareholder returns if costs eat the spread.
At 0.59% return on assets, this business does not have a wide margin for error, and it serves a county of 41,799 people. That is a narrow base for supporting a 57-quarter dividend reputation.
source: institutional data · regulatory filings · risk analysis
Pay attention to
profitability
Watch return on assets first
0.59% is the number under the whole page. If that moves toward 1%, the story improves fast. If it slips, the dividend and valuation both get harder to defend.
calendar
Next earnings report
Apr 24, 2026 is the next scheduled checkpoint. You are looking for spread improvement, not just another press release about continuity.
capital return
See whether the 50,000-share buyback becomes real
Authorization is step one. Actual repurchases are step two. For a $107M bank, the difference matters.
risk
Local concentration never goes away
A county of 41,799 people is not much room to diversify your loan book or deposit base. If local conditions soften, you feel it quickly.
Analyst rankings
earnings predictability
50 / 100
in human-speak, analysts do not see this as a smooth, easy-to-model earner
balance sheet grade
C++
That is a below-average balance sheet grade. You are not paying for fortress quality here.
risk rank
3
Middle of the pack. Safer than many small caps, but not the sort of bank you ignore for quarters at a time.
source: institutional data
Institutional activity
institutional ownership data for OFED is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$16
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive