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Security National Financial Corporation

Security National Financial Corporation

NASDAQ•SNFCA
CEO: Mr. Scott Milton Quist
Sector: Financial Services
Industry: Financial - Mortgages
Listing Date: 1987-08-12
Security National Financial Corporation engages in the life insurance, cemetery and mortuary, and mortgage businesses. The company's Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance. It offers various life insurance products, including funeral plans and interest-sensitive life insurance, as well as other traditional life, accident, and health insurance products; annuity products comprising single and flexible premium deferred annuities, and immediate annuities; and diver's accident insurance policies. This segment also cedes and assumes various risks with various authorized unaffiliated reinsurers pursuant to reinsurance treaties. Its Cemetery and Mortuary segment operates eight mortuaries and five cemeteries in Utah; one cemetery in California; and four mortuaries and one cemetery in New Mexico. This segment also offers plots, interment vaults, mausoleum crypts, markers, caskets, urns, and other death care related products; and provides professional services of funeral directors, opening and closing of graves, use of chapels and viewing rooms, and use of automobiles and clothing. The company's Mortgages segment originates and underwrites residential and commercial loans for new construction, existing homes, and real estate projects primarily in Florida, Nevada, Texas, and Utah. It offers residential mortgage lending services to real estate brokers and builders, as well as directly with consumers. Security National Financial Corporation was founded in 1965 and is headquartered in Salt Lake City, Utah.
Contact Information
433 West Ascension Way, Salt Lake City, UT, 84123, United States
801-264-1060
www.securitynational.com
Market Cap
$198.00M
P/E (TTM)
11.7
1.2
Dividend Yield
--
52W High
$12.83
52W Low
$7.32
52W Range
28%
Rank29Top 17.8%
5.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$2.50M-97.17%
4-Quarter Trend

EPS

$0.32-34.69%
4-Quarter Trend

FCF

$24.94M-6.37%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Consolidated Revenue Growth Total consolidated revenues increased 2.5% for nine months, reaching $261.61M versus $255.25M prior year.
Investment Income Rises Nine-month net investment income grew 7.4% to $59.893M, driven by higher mortgage loan interest earnings.
Mortgage Fee Income Up Mortgage fee income increased 2.2% to $83.434M for nine months, boosted by $6.130M in secondary gains.
Total Assets Increase Total assets reached $1.563B as of September 30, 2025, up from $1.490B at year-end 2024.

Risk Factors

Net Earnings Decline Sharply Nine-month net earnings fell 27% to $18.66M; three-month net earnings dropped 34% to $7.82M.
Warehouse Line Covenant Breach Mortgage subsidiary non-compliant with Western Alliance tangible net worth covenant; actively seeking necessary waivers now.
Acquisition Cost Amortization Deferred acquisition cost amortization increased 142.0% (9M) due to changes in termination rates and product mix.
Mortgage Derivative Losses Segment net earnings loss driven by $3.452M decrease in fair value of loans held for sale (9M).

Outlook

New Accounting Standard Adoption Nearing completion of ASU 2018-12 adoption, expecting $4M to $6M increase to total stockholders' equity January 1, 2024.
Liquidity Position Adequate Cash flow deemed adequate to fund long-term liabilities; company has sufficient funds despite warehouse line covenant issue.
Investment Duration Matching Strategy focuses on matching investment duration, primarily fixed maturity securities, with policyholder liability terms.

Peer Comparison

Revenue (TTM)

Kingstone Companies, Inc.KINS
$195.62M
+30.7%
C&F Financial CorporationCFFI
$178.57M
+8.3%
Security National Financial CorporationSNFCA
$167.08M
-49.4%

Gross Margin (Latest Quarter)

SWK Holdings CorporationSWKH
98.6%
+4.3pp
Chain Bridge Bancorp, Inc.CBNA
92.5%
-2.5pp
LCNB Corp.LCNB
73.8%
+10.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ISTR$274.87M11.98.8%3.6%
LCNB$242.31M10.29.0%5.0%
CFFI$229.56M8.811.3%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-68.4%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:May 13, 2026
|
EPS:-
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 13, 2025|
    Revenue: $2.50M-97.2%
    |
    EPS: $0.32-34.7%
    N/A

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 14, 2025|
    Revenue: $2.37M-97.2%
    |
    EPS: $0.26-13.3%
    N/A

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 15, 2025|
    Revenue: $82.74M+1.9%
    |
    EPS: $0.18-43.8%
    N/A

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 31, 2025|
    Revenue: $8.19M-14.2%
    |
    EPS: $1.09+73.0%
    N/A

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 14, 2024|
    Revenue: $88.27M+10.4%
    |
    EPS: $0.49+172.2%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 14, 2024|
    Revenue: $85.79M+2.3%
    |
    EPS: $0.30+15.4%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 14, 2024|
    Revenue: $81.19M+2.1%
    |
    EPS: $0.32+499.3%
    N/A

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 29, 2024|
    Revenue: $318.50M-18.3%
    |
    EPS: $0.63-42.7%
    N/A