This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Security National Financial Corporation Reports Financial Results For The Third Quarter Ended September 30, 2011

Stocks in this article: SNFCA

Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the third quarter ended September 30, 2011.

SNFC announced revenues of $41,325,000 for the three months ended September 30, 2011. This represents a 10% decrease from 2010. Pre-tax earnings from operations for the three-month period increased 3% from $813,000 in 2010 to $835,000. After-tax earnings increased 53% from $503,000 in 2010 to $770,000 in 2011.

SNFC announced revenues of $111,964,000 for the nine months ended September 30, 2011. This represents a 12% decrease from 2010. Pre-tax loss from operations for the nine-month period decreased from $(745,000) in 2010 to $(347,000) in 2011. After-tax earnings increased from a $(28,000) loss in 2010 to a gain of $457,000 in 2011.

Scott Quist, President of the Company, said, “Our life segment continues its excellent revenue growth and profitability results. Our death care segment is actually performing on an operational basis significantly better than prior years, but its segment results continue to be somewhat masked by the depreciation charges they incur by virtue of the REO they have undertaken and manage for their sister companies. We have accomplished considerable change in our mortgage segment, changing to a more retail-dominated distribution model. Two years ago our distribution model was approximately 85% wholesale origination but as of this quarter 65% of our production will be retail. There is a much better acceptance in the marketplace for retail-generated loans. We have been able to accomplish that conversion without a significant deterioration of our market share. Without question the mortgage market continues to be very troubled nationwide and to decline in overall size, but we believe we have cause for some optimism.”

SNFC has three business segments. The following table shows the revenues and earnings before taxes for the three months and nine months ended September 30, 2011 as compared to 2010 for each of the three business segments:

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs