Quarterly ResultMay 11, 2026, 03:07 PM
Security National Q1 Net Earnings +9.2% to $7.0M; EPS $0.28
AI Summary
Security National Financial Corp reported increased net earnings for the first quarter of 2026, reaching $7.0 million, a 9.2% rise from the prior year. Diluted EPS also grew to $0.27. Despite a slight decrease in total revenues, the company achieved higher profitability due to a larger reduction in benefits and expenses. The company also saw a significant increase in cash from operating activities and an overall increase in total assets and stockholders' equity.
Key Highlights
- Net earnings increased 9.2% to $7.0 million for Q1 2026 from $6.4 million in Q1 2025.
- Diluted earnings per share rose to $0.27 in Q1 2026 from $0.25 in Q1 2025.
- Total revenues decreased 3.6% to $79.7 million in Q1 2026 from $82.7 million in Q1 2025.
- Total benefits and expenses decreased 5.1% to $70.7 million in Q1 2026 from $74.5 million in Q1 2025.
- Net cash provided by operating activities surged to $32.9 million in Q1 2026 from $9.6 million in Q1 2025.
- Total assets grew 1.2% to $1.58 billion as of March 31, 2026, from $1.56 billion at December 31, 2025.
- Total stockholders' equity increased 3.7% to $425.5 million as of March 31, 2026.
- The company adopted ASU No. 2018-12, retrospectively adjusting prior period financials.