Hallmark Financial Services Sees Increased Revenues in Q3

November 8, 2005

Hallmark Financial Services Inc. announced operating results for the third quarter ended Sept. 30, 2005, reporting that total revenues were $25.2 million, a 60.9 percent increase over the $15.6 million in total revenues for the comparable period of fiscal 2004.

For the first nine months of fiscal 2005, the company’s total revenues were $60.4 million, representing a 28.3 percent increase over the $47.1 million in total revenues for the comparable period in fiscal 2004.

For the three months ended Sept. 30, 2005, the company reported net income of $2.5 million, representing a 60.3 percent increase over the $1.5 million reported in the third quarter of 2004.

For the first nine months of fiscal 2005, Hallmark Financial reported net income of $6.3 million, representing a 41.5 percent increase over the $4.4 million reported in the comparable period in fiscal 2004.

On a diluted per share basis, net income was $0.03 and $0.10 for the three and nine months ended Sept. 30, 2005, respectively, as compared to $0.04 and $0.10 for the same period in the prior year.

Topics Profit Loss

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