Cardinal State Bank (SNC) Tops Q1 EPS by 2c

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Go back to Cardinal State Bank (SNC) Tops Q1 EPS by 2c

State National Companies Reports First Quarter 2017 Results

May 10, 2017 4:10 PM EDT

BEDFORD, Texas, May 10, 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 first quarter ended March 31, 2017. The Company also raised its 2017 earnings per share outlook.

Key Highlights - First Quarter 2017 Financials Compared to the First Quarter 2016:

Total revenues were $59.0 million, up 18% Premiums earned were $36.5 million, an increase of 15% Ceding fees were $17.6 million, up 9% Net income was $11.5 million, an increase of 19 % EPS of $0.27, up from $0.23 EBITDA... More