I'm LongbridgeAI, I can summarize articles.Security National Financial Corp reported Q1 2026 results with revenue of $79.73M, down 3.6% from $82.74M a year earlier. Net income rose to $7M, and diluted EPS increased to $0.27. The decline in revenue was attributed to lower mortgage fee income and modest declines in insurance premiums. Mortgage originations fell, while funeral and cemetery sales grew by 5.9%. SG&A expenses decreased by $2.9M due to lower commissions and personnel costs. The company continues to focus on niche funeral plans and duration-matched investments.
Security National Financial Corp reported first-quarter 2026 results with revenue of $79.73M, down from $82.74M a year earlier, while net income rose to $7M and diluted EPS increased to $0.27.
Financial Highlights
- Revenue was $79.729M for Q1 2026, down from $82.740M in Q1 2025 ( (3.6%)).
- Net income was $7.001M for Q1 2026, up from $6.414M in Q1 2025 (9.2%).
- Diluted earnings per share was $0.27 for Q1 2026, up from $0.25 in Q1 2025 (8.0%).
Business Highlights
- Total revenues fell 3.6% year over year, driven by lower mortgage fee income and modest declines in insurance premiums.
- Mortgage originations declined (1,415 loans versus 1,508), with refinance volume most affected by higher rates and pressure on purchase activity.
- Funeral and cemetery sales grew about 5.9%, led by a $305K increase in cemetery pre-need and higher at-need cemetery sales.
- SG&A expenses were reduced by $2.9M due to lower commissions and personnel costs, partially offset by higher mortgage funding costs.
- The company continues to focus on niche funeral plans and duration-matched investments to support long-term liabilities.
Original SEC Filing: SECURITY NATIONAL FINANCIAL CORP [ SNFCA ] - 10-Q - May. 11, 2026