Cardinal State Bank (SNC) Tops Q4 EPS by 5c

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Go back to Cardinal State Bank (SNC) Tops Q4 EPS by 5c

State National Companies Reports Fourth Quarter and Full Year 2016 Results

February 23, 2017 4:10 PM EST

BEDFORD, Texas, Feb. 23, 2017 /PRNewswire/ -- State National Companies, Inc. (NASDAQ: SNC), a leading specialty provider of property and casualty insurance services, today reported its financial results for the fourth quarter and year ended December 31, 2016. The Company also raised its 2017 outlook.

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

Total revenues were $60.1 million, up 9% Premiums earned were $35.4 million, an increase of 7% Ceding fees were $20.9 million, up 12% Net income was $14.1 million, an increase of 1% EPS of $0.33, up from $0.32 EBITDA was $23.7 million,... More