SECURITY NATIONAL FINANCIAL CORP Q2 2026: Revenue $83.93M, EPS $0.33— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Security National Financial Corp reported Q2 2026 results with revenue of $83.93M, down 6.3% YoY, while net income rose to $8.98M and diluted EPS increased to $0.33. Revenue decline was driven by lower mortgage fees and investment income, offset by gains in funeral/cemetery sales and reduced SG&A costs. Mortgage operations faced headwinds from high interest rates and lower originations.
Security National Financial Corp reported second-quarter 2026 results with revenue of $83.93M, down from $89.54M a year earlier, while net income rose to $8.98M and diluted EPS increased to $0.33.
Financial Highlights
- Revenue was $83.93M for Q2 2026, compared with $89.54M in Q2 2025; YoY change (6.3%).
- Net income was $8.98M for Q2 2026, compared with $8.37M in Q2 2025; YoY change 7.3%.
- Diluted EPS was $0.33 for Q2 2026, compared with $0.31 in Q2 2025; YoY change 6.5%.
Business Highlights
- Revenue mix shifted as mortgage fee income and net investment income declined while gains on investments and funeral/cemetery sales increased.
- Funeral home and cemetery at-need and pre-need sales grew, supporting higher segment revenues and margins.
- SG&A decreased materially, driven by lower commissions and personnel costs, which improved operating cash flow.
- Mortgage operations saw lower loan originations and reduced secondary gains amid high interest rates; warehouse lines maturing in August 2026 may affect future funding.
- The company continues to match long-duration assets to long-term funeral plan liabilities, maintaining holdings in bonds, real estate and mortgage loans.
Original SEC Filing: SECURITY NATIONAL FINANCIAL CORP [ SNFCA ] - 10-Q - Aug. 10, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.