SNFCA - Earnings announcements

SALT LAKE CITY, May 11, 2026 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended March 31, 2026. For the three months ending March 31, 2026, SNFC's after tax earnings increased over 9%, or approximately $587,000, from $6,414,000 in 2025 to $7,001,000 in 2026. Pre Tax earnings increased nearly 10%, or $802,000, to $9,052,000 (please see the table below). Scott M. Quist, President and Chief Executive Officer of SNFC, said, "To have an increase of over 9% in after tax earnings despite a top line decrease is a testament to the operational efficiencies our teams have been implementing over the last severa

SALT LAKE CITY, March 16, 2026 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the year ended December 31, 2025. For the twelve months ended December 31, 2025, SNFC's after-tax earnings from operations increased 10.8% from $29,119,000 in 2024 to $32,152,000 in 2025, on a 3% increase in revenues to $344,587,000. Scott M. Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "Absent the pandemic related years of 2020 and 2021, this was our best net profit year ever, beating 2024 by nearly 11%, which is significant realizing that 2024 was our previous best year ever, again absent 2020 an

SALT LAKE CITY, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended September 30, 2025. For the three months ended September 30, 2025, SNFC's after tax earnings decreased 34% from $11,831,000 in 2024 to $7,815,000 in 2025. For the nine months ended September 30, 2025, after tax earnings decreased 30% to $18,866,000 from $26,578,000 in 2024. Scott M. Quist, President of the Company, said: "While the third quarter was definitely weak from my point of view, being $4MM below Q3 2024 or roughly 34%, there are some definite bright spots which partially illuminate much of the hard work that ha

SALT LAKE CITY, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended June 30, 2025. For the three months ended June 30, 2025, SNFC's after tax earnings decreased 10% from $7,271,000 in 2024 to $6,506,000 in 2025. For the six months ended June 30, 2025, after tax earnings decreased 26% to $10,845,000 from $14,746,000 in 2024. Scott M. Quist, President of the Company, said: "Annualizing our first half results we achieved an 8% Return On Equity (ROE) and while that is below our 13.3% 10 year average ROE, I believe that to be a credible performance given that roughly 1/3 of our revenue and e

SALT LAKE CITY, May 16, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended March 31, 2025. For the three months ending March 31, 2025, SNFC's after tax earnings decreased approximately 42%, or $3.1MM, from $7,475,000 in 2024 to $4,338,000 in 2025. Pre Tax earnings decreased approximately 42%, or $4.05MM, to $5.571MM (please see the table below). Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "A decrease in quarterly income is never our goal and falls below our self-set standards. Despite the decrease in net income, I believe that as a Company we perfor

SALT LAKE CITY, March 31, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the year ended December 31, 2024. For the twelve months ended December 31, 2024, SNFC's after-tax earnings from operations increased 83% from $14,495,000 in 2023 to $26,536,000 in 2024, on a 5% increase in revenues to $334,523,000. Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "2024 marked another year of solid progress for our Company. Our Life Insurance Segment had its best operational year ever, delivering a 25% improvement over 2023 which was its previous best year ever. We believe there i

SALT LAKE CITY, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended September 30, 2024. For the three months ended September 30, 2024, SNFC's after tax earnings increase nearly 193% from $4,041,000 in 2023 to $11,831,000 in 2024. For the nine months ended September 30, 2024, after tax earnings increased 128% to $26,578,000 from $11,634,000 in 2023. Scott M. Quist, President of the Company, said: "I continue to be pleased with our Company's financial performance in 2024. To have a 128% increase in net income resulting in a nearly 11% return on equity for the first 9 months is an e

SALT LAKE CITY, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended June 30, 2024. For the three months ended June 30, 2024, SNFC's after tax earnings increase nearly 15% from $6,353,000 in 2023 to $7,272,000 in 2024. For the six months ended June 30, 2024, after tax earnings increased 94% to $14,746,000 from $7,593,000 in 2023. Scott M. Quist, President of the Company, said: "I am quite pleased with our Company's financial performance in the first half of 2024. To have a 95% increase in pretax income over 2023 is an excellent performance. In my view our operational income was even bet

SALT LAKE CITY, May 14, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended March 31, 2024. For the three months ended March 31, 2024, SNFC's before tax earnings from operations increased 507% from $1,585,000 in 2023 to $9,619,000 in 2024, on a 2% increase in revenues to $81,188,000. Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "Anytime we increase earnings 507% we are pleased. Obviously, since total revenues increased only 2%, the bulk of the earnings improvement came from expense control. Total expenses decreased a little over 8%, with the bulk of t

SALT LAKE CITY, April 01, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the year ended December 31, 2023. For the twelve months ended December 31, 2023, SNFC's after-tax earnings from operations decreased 44% from $25,690,000 in 2022 to $14,495,000 in 2023, on a 18% decrease in revenues to $318,497,000. Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "2023 was a year where the financial balance of our company demonstrated itself. With the increasing interest rates and improving premium margins our life insurance business segment had its best operational year ever, e

SALT LAKE CITY, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended September 30, 2023. For the three months ended September 30, 2023, SNFC's after tax earnings increase nearly 272% from a loss of $2,353,000 in 2022 to a gain of $4,041,000 in 2023. For the nine months ended September 30, 2023, after tax earnings increased 161% to $11,634,000 from $4,450,000 in 2022. Scott M. Quist, President of the Company, said: "I am quite pleased with our Company's financial performance in the third quarter and year to date. To have triple digit increases over both 2022 third quarter and YTD net inc

SALT LAKE CITY, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended June 30, 2023. For the three months ended June 30, 2023, SNFC's after tax earnings increase nearly 78% from $3,574,000 in 2022 to $6,353,000 in 2023. For the six months ended June 30, 2023, after tax earnings increased 12% to $7,593,000 from $6,803,000 in 2022. Scott M. Quist, President of the Company, said: "I can say that I am quite pleased with our financial performance in the second quarter. To have a 78% increase over 2022 Q2 and a 12% increase in YTD after tax income is an excellent performance, especially when c

SALT LAKE CITY, May 15, 2023 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended March 31, 2023. For the three months ended March 31, 2023, SNFC's after-tax earnings from operations decreased 61% from $3,229,000 in 2022 to $1,240,000 in 2023, on a 22% decrease in revenues to $79,501,000. Scott M. Quist, President of the Company, said: "While we are never pleased with quarterly decreases in income, I think that a deeper analysis of our business segment performance is warranted.   For our Life Insurance Segment this is the best Q1 performance in our history. That excellent performance is based upon two

SALT LAKE CITY, April 03, 2023 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the year ended December 31, 2022. For the twelve months ended December 31, 2022, SNFC's after-tax earnings from operations decreased 35% from $39,519,000 in 2021 to $25,690,000 in 2022, on a 17% decrease in revenues to $389,652,000. Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "Overall, our after-tax profit of $25.6 million means that the Company earned a net 1.76% return on total assets (2.35% pretax) and an 8.7% return on equity (11.6% pretax). Those are very acceptable overall numbers and

SALT LAKE CITY, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended September 30, 2022. For the three months ended September 30, 2022, SNFC's after tax earnings decreased 121% from $10,791,000 in 2021 to a loss of ($2,353,000) in 2022. For the nine months ended September 30, 2022, after tax earnings decreased 87% to $4,450,000 from $34,177,000 in 2021. Scott M. Quist, President of the Company, said: "2022 is continuing to be a challenging year for our Company due primarily to the dramatic rise in inflation and interest rates, and the dramatic fall in equity values. In the mortgage spac

SALT LAKE CITY, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended June 30, 2022. For the three months ended June 30, 2022, SNFC's pretax earnings decreased 68% from $14,677,000 in 2021 to $4,730,000 in 2022. For the six months ended June 30, 2022, pretax earnings decreased 70% to $9,173,000 from $31,032,000 in 2021. Scott M. Quist, President of the Company, said: "2022 is proving to be a very challenging year for our Company given the dramatic rise in interest rates, the significant declines in the stock markets, the continuing tight labor markets, and the meteoric

SALT LAKE CITY, May 16, 2022 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended March 31, 2022. For the three months ended March 31, 2022, SNFC's after-tax earnings from operations decreased 73% from $12,129,000 in 2021 to $3,229,000 in 2022, on a 17% decrease in revenues to $102,426,000. Scott M. Quist, President of the Company, said: "While obviously we are well below 2021 income levels, I believe we had a very solid first quarter. Our goal is always to improve our financial performance every year, but sometimes to measure that incremental progress, it is appropriate to remove macro distortion

SALT LAKE CITY, April 04, 2022 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the year ended December 31, 2021. For the twelve months ended December 31, 2021, SNFC's after-tax earnings from operations decreased 29% from $55,597,000 in 2020 to $39,519,000 in 2021, on a 2% decrease in revenues to $470,696,000. Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "Many adjectives have been used to describe the past two years, including unprecedented, extraordinary, devastating, and unparalleled. For Security National, I would use the term "remarkable" in describing the performanc

SALT LAKE CITY, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended September 30, 2021. For the three months ended September 30, 2021, SNFC's after-tax earnings from operations decreased 63.2% from $29,305,000 in 2020 to $10,791,000 in 2021, on a 18.3% decrease in revenues to $119,509,000. SNFC's after tax earnings for the nine months ended September 30, 2021, decreased 33.4% to $34,177,000 from $51,286,000 in 2020. Scott M. Quist, President of the Company, said, "Realizing our operational earnings decreased as compared to 2020, I am nevertheless very proud of the results for Quarter 3

SALT LAKE CITY, Aug. 17, 2021 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended June 30, 2021. We would also note that our 2nd quarter Form 10Q, although timely prepared and provided to our XBRL service provider, was filed one day late as a result of unanticipated technical difficulties experienced by the third-party provider. SNFC contracts with a third-party who has the responsibility to convert its SEC documents into a format that is acceptable to the SEC. For the three months ended June 30, 2021, SNFC's after-tax earnings from operations decreased 45.2% from $20,557,000 in 2020 to $11,258,000 i

SALT LAKE CITY, May 17, 2021 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended March 31, 2021. For the three months ended March 31, 2021, SNFC's after-tax earnings from operations increased 751% from $1,424,000 in 2020 to $12,129,000 in 2021, on a 54% increase in revenues to $122,659,000. Scott M. Quist, President of the Company, said: "I can't help but admire the execution excellence our teams have accomplished in the first quarter.  Overall earnings are up 1,000%.  The low interest rate environment has provided our Mortgage Segment a favorable tailwind but note that every segment's earnings are u