Security National Financial earnings date
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Security National Financial (SNFCA) Q3 2026 Earnings Report
SNFCA Q3 2026 EPS Results
- Actual EPS
- $0.23
- Consensus EPS
- ―
- Beat/Miss
- ―
- One Year Ago EPS
- $0.29
SNFCA Q3 2026 Revenue Results
- Actual Revenue
- $79.94M
- Expected Revenue
- ―
- Beat/Miss
- ―
- YoY Revenue Growth
- -10.51%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/09/2026
- Time
- During Market Hours
- Conference Call
- Monday, November 9, 2026
Security National Financial's next earnings date is estimated for April 5, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call presented a mixed operating picture. The company reported substantial growth in stockholders’ equity, strong year-to-date cost reductions, improved life sales, higher cemetery operating results, and stronger liquidity. However, these positives were offset by a sharp third-quarter earnings decline, a mortgage segment loss caused by rising rates and weaker housing activity, lower insurance investment income, credit-loss provisions, unrealized investment losses, and ongoing internal-control remediation. The highlights and lowlights were broadly balanced.
The call provided no formal quantified financial guidance; management said priorities are unchanged to grow revenue and improve profitability across all 3 segments, continue focusing on mortgage-market pockets where loan volume is growing, and pursue another $2.5 million of annualized expense savings after reducing expenses by $14 million year-over-year or by 16%, while life sales are up more than 20% by annualized premium and more than 30% by face year-to-date, with management saying “we believe we are just getting started”; management also said cemetery priorities remain consistent, remediation of information technology general controls is ongoing, and capital should be deployed in growing operations if subsidiaries can reinvest funds at higher rates.
- Record Increase in Stockholders’ EquityStockholders’ equity increased by approximately $36 million, or 8.2%, during the third quarter to $469 million, described as the largest single-quarter dollar increase in the company’s history. Equity was up $58.2 million, or 14.2%, year-to-date.
- Stronger Balance Sheet and LiquidityTotal assets reached $1.62 billion at September 30, 2026, up almost $62 million, or 4%, from December 31. Cash and cash equivalents nearly doubled to $196 million, while the debt-to-equity ratio declined to 2.47x.
- Expense Discipline and Cost SavingsCommissions and personnel costs declined $6 million, or 17.4%, versus the third quarter of 2025, and were down approximately $14 million, or 13.7%, through nine months. SecurityNational Mortgage also reduced expenses by $14 million year-over-year, or 16%, and completed another $2.5 million of annualized savings in costs other than variable compensation.
- Mortgage Year-to-Date Loss ImprovementDespite a difficult third quarter, SecurityNational Mortgage’s year-to-date pretax loss improved to $3.276 million from $3.601 million in 2025, an improvement of $325,000, or 9%.
- Growth in Reverse Mortgage and HELOC OriginationsThird-quarter reverse mortgage origination volume increased 187% from the third quarter of 2025, and HELOC originations increased 128%. Management stated that the company believes it is now a top-50 reverse mortgage lender nationwide.
- Improved Mortgage ProductivityLoans originated per loan officer increased 9% in the third quarter compared with the third quarter of 2025, as loan officers closed more loans despite the difficult market environment.
- Life Sales MomentumYear-to-date first-year life sales increased more than 20% on an annualized-premium basis. The company cited a 27% increase on a face-amount basis, while the Life segment reported that core-product first-year sales increased more than 30% on a face-amount basis.
- Improved Insurance Results and Mortality ExperienceInsurance results were approximately $400,000 better year-over-year in the third quarter and approximately $1.2 million better year-to-date. Mortality results were about $800,000 better than last year through nine months.
- Investment Yield Above Industry AverageThe Insurance segment’s average portfolio yield remained in the mid-5% range, compared with industry book yields in the mid-4% range at year-end 2025, according to the National Association of Insurance Commissioners.
- Higher Comprehensive Income from Reserve RemeasurementComprehensive income was approximately $35 million in the third quarter and a little over $57 million for the first nine months, nearly four times the $15 million reported for the same 2025 period. Nearly all of the improvement came from remeasuring future policy benefits at higher discount rates, producing a pretax benefit of nearly $52 million in the quarter and almost $65 million year-to-date.
- Funeral and Cemetery Operating GrowthFor the first nine months, Funeral Homes and Cemeteries earnings before tax increased 9.1% to $7.72 million and revenue increased 8.6% to $27.3 million. Excluding investment results, third-quarter operating revenue increased 8.4% to $7.96 million, while operating earnings before tax were essentially even year-over-year.
- Cemetery Revenue and Preneed Sales GrowthThird-quarter cemetery revenue increased 12.3% to $4.13 million and earnings before tax increased 7.1% to $740,000. Net preneed land sales increased 8.5% to $1.85 million in the quarter and 14.6% year-to-date to $6.09 million.
- Improved Cemetery Sales ActivityCemetery interments increased 8.8% in the third quarter and 2.5% year-to-date. Counselors held approximately 8% more conversations with families through nine months, while appointments set increased 47%.
- Higher Funeral Home Revenue per FamilyAverage revenue per family served increased 4.7% year-to-date to $5,351 per family. Families served increased 2.5% in the third quarter, and the share choosing cremation with a service reached 48% for the quarter and 46.3% year-to-date.
- Continued Strategic InvestmentManagement said it is continuing to invest in sales leadership, people and systems supporting agents and partners, and exploratory AI initiatives. The company also stated that its priorities remain growing revenue and improving profitability across all three segments.
- High-Quality Bond PortfolioAt September 30, 2026, 98.4% of the bond portfolio carried an investment-grade designation, unchanged from December 31.
- Warehouse Covenant Waivers ObtainedAlthough SecurityNational Mortgage did not meet the quarterly net-income covenant on two warehouse lines of credit at quarter-end, management stated that all required waivers were subsequently obtained.
SNFCA Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Apr 05, 2027 | 2026 (Q4) | ―- | 0.26 | ― | ― |
| Nov 09, 2026 | 2026 (Q3) | ―0.23 | 0.29 | -21.84% (-0.06) | |
| Aug 10, 2026 | 2026 (Q2) | ―0.32 | 0.23 | 37.66% (+0.09) | |
| May 11, 2026 | 2026 (Q1) | ―0.26 | 0.16 | 62.11% (+0.10) | |
| Mar 16, 2026 | 2025 (Q4) | ―0.60 | 0 | 30200.00% (+0.60) | |
| Nov 13, 2025 | 2025 (Q3) | ―0.29 | 0.45 | -34.30% (-0.15) | |
| Aug 14, 2025 | 2025 (Q2) | ―0.23 | 0.26 | -12.17% (-0.03) | |
| May 16, 2025 | 2025 (Q1) | ―0.18 | 0.28 | -35.94% (-0.10) | |
| Mar 31, 2025 | 2024 (Q4) | ―0.16 | 0.3 | -45.61% (-0.14) | |
| Nov 18, 2024 | 2024 (Q3) | ―0.45 | 0.15 | 191.50% (+0.29) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
