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Stock impact report

SECURITY NATIONAL FINANCIAL CORPORATION REPORTS FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2019

Security National Financial Corporation - Class A (SNFCA) 
US:NASDAQ Investor Relations: ir.securitynational.com/investor-relations
Company Research Source: GlobeNewswire
SALT LAKE CITY, March 31, 2020 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the year ended December 31, 2019. For the twelve months ended December 31, 2019, SNFC’s after-tax earnings from operations decreased 49.8% from $21,686,000 in 2018 to $10,894,000 in 2019, on a 1.2% increase in revenues to $283,061,000.   Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, “We are pleased with our operational performance in 2019.  Excluding extraordinary items, meaning the gain from the sale of our Dry Creek Apartments in 2018 and the write down on our Wichita office building in 2019, our pre-tax Operational Earnings increased from $3.9 million in 2018 to $16.6 million in 2019, or a 322% YOY improvement.  While it is true that much of that improvement was centered in our mortgage segment, all of our business segments experienced significant and measurable operational improveme Show less Read more
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