Security National Financial Corporation Reports Financial Results for the Third Quarter Ended September 30, 2006.SALT LAKE CITY -- Security National Financial Corporation (SNFC SNFC Sunday Night Film Club SNFC Secteur du Nord des Forces Canadiennes (Canada) SNFC Sacramento Natural Foods Co-op SNFC Scottish National Flying Club SNFC Standing Naval Force Channel ) (Nasdaq: SNFCA) announced financial results for the third quarter ended September September: see month. 30, 2006. SNFC announced revenues of $38,575,000 for the three months ended September 30, 2006. This represents an 8% increase for 2006. Pre-tax pre-tax adj → anterior al impuesto pre-tax adj → avant impôt(s) pre-tax adj → al lordo d'imposta earnings for the three-month period in 2006 increased 9% from $1,955,000 in 2005 to $2,134,000 in 2006. Included is a one-time one-time adj. 1. or one·time a. Occurring or undertaken only once: a one-time winner in 1995. b. gain of $760,000 related to a municipal condemnation Condemnation bell, book, and candle symbols of Catholic excommunication rite. [Christianity: Brewer Note-Book, 85] Bridge of Sighs passage from Doge’s court to execution chamber in Renaissance Venice. [Ital. Hist. for transportation purposes of certain real estate. Net earnings for the three-month period in 2006 increased 16% from $1,326,000 to $1,541,000. SNFC announced revenues of $105,125,000 for the nine months ended September 30, 2006. This represents a 10% increase for 2006. Pre-tax earnings for the nine-month period in 2006 increased 48% from $2,920,000 in 2005 to $4,329,000 in 2006. Net earnings for the nine-month period in 2006 increased 52% from $2,158,000 to $3,279,000. SNFC has three business segments. The following table shows the revenues and earnings before taxes for the three and nine months ended September 30, 2006, as compared to 2005 for each of the three business segments: [TABLE OMITTED] [TABLE OMITTED] Net earnings per common share were $.23 for the three months ended September 30, 2006, compared to $.22 per share for the prior year as adjusted for the effect of annual stock dividends. Net earnings per common share were $.50 for the nine months ended September 30, 2006, compared to $.35 per share for the prior year as adjusted for the effect of annual stock dividends. Book value per common share Book Value Per Common Share A measure used by owners of common shares in a firm to determine the level of safety associated with each individual share after all debts are paid accordingly. Formula: was $7.55 as of September 30, 2006, compared to $7.02 as of December December: see month. 31, 2005. The Company has two classes of common stock outstanding, Class A and Class C. The Class C shares share in distribution of earnings and capital on a 10-for-1 basis with the Class A shares; therefore, for earnings per share and book value per share calculations, the Class C shares are converted to Class A shares on a 10-for-1 basis. There were 6,633,022 Class A equivalent shares outstanding as of September 30, 2006. If there are any questions, please contact Mr. Scott M. Quist or Mr. Stephen M. Sill sill or sheet In geology, a tabular igneous intrusion emplaced parallel to the bedding of the enclosing rock. Although they may have inclined orientations, nearly horizontal sills are most common. at: Security National Financial Corporation P.O. Box 57250 Salt Lake City, Utah 84157 Phone (801) 264-1060 Fax (801) 265-9882 |
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