Cardinal State Bank (SNC) Tops Q3 EPS by 11c

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Go back to Cardinal State Bank (SNC) Tops Q3 EPS by 11c

State National Companies Reports Third Quarter 2016 Results

November 9, 2016 4:05 PM EST

BEDFORD, Texas, Nov. 9, 2016 /PRNewswire/ -- State National Companies, Inc. (NASDAQ: SNC), a leading specialty provider of property and casualty insurance services, today reported its financial results for the third quarter ended September 30, 2016. The Company has raised its 2016 outlook and is also providing its outlook for 2017.

Key Highlights - Third Quarter 2016 Financials Compared to the Third Quarter 2015:

Total revenues were $57.9 million, up 13% Premiums earned were $33.7 million, an increase of 12% Ceding fees were $19.3 million, up 2% Net income was $15.3 million, an increase of 24% EPS of... More