FORT WORTH, Texas, Nov. 9 /PRNewswire-FirstCall/ -- Hallmark Financial Services, Inc. reported record quarterly net income of $4.9 million for the third quarter ended September 30, 2006, representing a 97% increase from the $2.5 million in net income for the third quarter of 2005. In the absence of this non-cash expense, the Company's net income for the nine months ended September 30, 2006, would have been $10.5 million, representing a 67% increase over the similar period of 2005, and its diluted earnings per share would have been $0.66 for the nine months ended September 30, 2006.During the three months and nine months ended September 30, 2006, Hallmark reported total revenues of $56.4 million and $148.1 million, representing 124% and 145% increases, respectively, over the $25.2 million and $60.4 million in total revenues for the comparable periods of 2005.....
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