Cardinal State Bank (SNC) Reports In-Line Q1 EPS

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State National Companies Reports First Quarter 2015 Results

May 14, 2015 4:03 PM EDT

BEDFORD, Texas, May 14, 2015 (GLOBE NEWSWIRE) -- State National Companies, Inc. (Nasdaq: SNC) today reported its financial results for the first quarter ended March 31, 2015.

Total revenues in the first quarter of 2015 were $46.1 million, up 29.9 percent from $35.5 million in the first quarter of 2014. Adjusted net income, a non-GAAP measure, was $8.7 million, or $0.20 per diluted share, in the first quarter of 2015, compared to adjusted net income of $4.9 million, or $0.14 per diluted share, for the same period in 2014. Reported net income was also $8.7 million, or $0.20 per diluted share, in the first quarter of 2015. See below for a reconciliation of... More

State National Companies Reports First Quarter 2015 Results

May 14, 2015 4:03 PM EDT

BEDFORD, Texas, May 14, 2015 (GLOBE NEWSWIRE) -- State National Companies, Inc. (Nasdaq: SNC) today reported its financial results for the first quarter ended March 31, 2015.

Total revenues in the first quarter of 2015 were $46.1 million, up 29.9 percent from $35.5 million in the first quarter of 2014. Adjusted net income, a non-GAAP measure, was $8.7 million, or $0.20 per diluted share, in the first quarter of 2015, compared to adjusted net income of $4.9 million, or $0.14 per diluted share, for the same period in 2014. Reported net income was also $8.7 million, or $0.20 per diluted share, in the first quarter of 2015. See below for a reconciliation of... More