Oconee Federal Financial's Corporate Customers have recorded an increase in their cost of revenue by 13.63 % in the 3 quarter 2023 year on year, sequentially costs of revenue were trimmed by -3.99 %. During the corresponding time, Oconee Federal Financial Corp saw a revenue deteriorated by -11.02 % year on year, sequentially revenue fell by -11.65 %. While revenue at the Oconee Federal Financial Corp 's corporate clients fell by -15.57 % year on year, sequentially revenue fell by -20.29 %.
Oconee Federal Financial's Customers have recorded an increase in their cost of revenue by 13.63 % in the 3 quarter 2023 year on year, sequentially costs of revenue were trimmed by -3.99 %, for the same period Oconee Federal Financial Corp revnue deteriorated by -11.02 % year on year, sequentially revenue fell by -11.65 %.
Oconee Federal Financial's Comment on Sales, Marketing and Customers
We conduct business through our executive office and four branches in the towns
of Seneca, Walhalla, and Westminster South Carolina, and three branches in the
towns of Toccoa and Clayton, Georgia. All five of our South Carolina offices
are located in Oconee County, which is located on the I-85 corridor between
the Charlotte and Atlanta metropolitan areas, approximately 120 miles south
of Charlotte and approximately 120 miles north of Atlanta. Our South Carolina
offices are also located approximately 40 miles south of Greenville, South Carolina,
and 10 miles from Clemson, South Carolina. Two of our Georgia branches are located
in Stephens County and one is located in Rabun County. Both counties border
Oconee County, South Carolina.
Our primary market area, which consists of Oconee County, South Carolina and
Stephens and Rabun Counties, Georgia and their nearby communities and townships
in adjacent counties in both South Carolina and Georgia, is mostly rural and
suburban in nature. Our primary market area economy has historically been concentrated
in manufacturing. Plant closings and layoffs in this sector, particularly in
light manufacturing industries, in recent years have contributed to high unemployment.
The largest employers in our market area are education and health services
providers, public utilities and light manufacturing companies, including the
city and county school systems, Oconee Medical Center, Duke Energy, an electric
utility and provider of nuclear and hydroelectric energy, Schneider Electric-Square
D, a manufacturer of electronic components, Itron, a manufacturer of electronic
measuring devices and BorgWarner, a supplier of motor vehicle parts and systems.
Other employers include the local government, retail trade and the leisure/hospitality
industry. Many residents of Oconee County are employed in nearby Greenville,
South Carolina, which has major employers such as BMW Motors, Inc. and Greenville
Health System, and in Pickens County, which has major employers such as Clemson
University and the Pickens County school system.
Oconee Federal Financial’s Comment on Sales, Marketing and Customers
We conduct business through our executive office and four branches in the towns
of Seneca, Walhalla, and Westminster South Carolina, and three branches in the
towns of Toccoa and Clayton, Georgia. All five of our South Carolina offices
are located in Oconee County, which is located on the I-85 corridor between
the Charlotte and Atlanta metropolitan areas, approximately 120 miles south
of Charlotte and approximately 120 miles north of Atlanta. Our South Carolina
offices are also located approximately 40 miles south of Greenville, South Carolina,
and 10 miles from Clemson, South Carolina. Two of our Georgia branches are located
in Stephens County and one is located in Rabun County. Both counties border
Oconee County, South Carolina.
Our primary market area, which consists of Oconee County, South Carolina and
Stephens and Rabun Counties, Georgia and their nearby communities and townships
in adjacent counties in both South Carolina and Georgia, is mostly rural and
suburban in nature. Our primary market area economy has historically been concentrated
in manufacturing. Plant closings and layoffs in this sector, particularly in
light manufacturing industries, in recent years have contributed to high unemployment.
The largest employers in our market area are education and health services
providers, public utilities and light manufacturing companies, including the
city and county school systems, Oconee Medical Center, Duke Energy, an electric
utility and provider of nuclear and hydroelectric energy, Schneider Electric-Square
D, a manufacturer of electronic components, Itron, a manufacturer of electronic
measuring devices and BorgWarner, a supplier of motor vehicle parts and systems.
Other employers include the local government, retail trade and the leisure/hospitality
industry. Many residents of Oconee County are employed in nearby Greenville,
South Carolina, which has major employers such as BMW Motors, Inc. and Greenville
Health System, and in Pickens County, which has major employers such as Clemson
University and the Pickens County school system.
Sources:
Oconee Federal Financial Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Oconee Federal Financial Corp’s corporate clients.
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