SNFCA
Security National Financial Corporation9.39
-0.05-0.48%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
256.17MP/E (TTM)
12.69Basic EPS (TTM)
0.74Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
Security National Financial's Q2 FY2025 results showed total revenues up 4.4% y/y to $89.5M, driven by 14.1% higher net investment income at $20.6M from stronger mortgage loan yields, while mortgage fee income dipped 0.5% y/y to $29.5M amid softer originations. Earnings before taxes fell 11.2% y/y to $8.3M, with diluted EPS down 13.8% y/y to $0.25 (derived), reflecting higher personnel costs and policy benefits, yet insurance premiums edged up 0.8% y/y. Cash from operations slowed to $1.9M YTD from $8.1M last year, with quarter-end cash at $79.3M and total debt up 15.2% to $122.9M, including $15M FHLB advances; revolver availability remains solid despite a covenant waiver in process. No M&A or major impairments noted. Mortgage competition pressures persist amid rising rates.
8-K
Annual meeting elects directors
Security National Financial Corporation's stockholders overwhelmingly elected Scott M. Quist, Robert G. Hunter M.D., Jason G. Overbaugh, and five others as directors at the June 27, 2025, annual meeting, with Class C shares' ten-vote weight securing strong majorities. They also approved adding 3,000,000 shares to the 2022 Equity Incentive Plan, capped at 500,000 Class C, and ratified Deloitte & Touche as auditors for 2025. This bolsters board continuity while expanding equity incentives. Votes sailed through.
8-K
5% stock dividend declared
Security National Financial Corporation's board declared a 5% stock dividend on June 27, 2025, payable July 18 to holders of record on July 11, marking the 37th consecutive year of such payouts since 1991—except for a 7.5% issuance in 2020. This move rewards shareholders with additional shares for potential long-term appreciation or liquidity options. Yet risks linger in forward-looking projections. Stock dividends build loyalty.
10-Q
Q1 FY2025 results
Security National Financial edged up total revenues 2% year-over-year to $82.7M in Q1 2025 ended March 31, driven by mortgage fee income climbing 14% to $24.8M, though insurance premiums dipped slightly and net investment income fell 4% to $19.2M. Earnings before taxes dropped 42% to $5.6M amid higher personnel costs up 12% and commissions surging 31%, yielding net earnings of $4.3M or $0.18 diluted EPS on 24.5M shares—down from $0.31 last year. Operating cash flow held at $9.6M, but free cash flow turned negative at -$10.0M (derived) after $19.6M in net real estate and loan investments; cash balances stood at $132.9M with bank loans rising 15% to $122.8M. No M&A or impairments noted. Yet competition in mortgage and insurance segments remains a persistent drag.
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