Investors Title Company Announces Record Fourth Quarter and Fiscal Year 2020 Results
Investors Title Company (ITIC)
US:NASDAQ Investor Relations:
invtitle.com/investor-relations-overview
Company Research
Source: Business Wire
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company today announced record results for the fourth quarter and year ended December 31, 2020.For the quarter, net income increased 46.2% to $16.6 million, or $8.77 per diluted share, versus $11.4 million, or $6.00 per diluted share, in the prior year period. For the year, net income increased 25.3% to $39.4 million, or $20.80 per diluted share, versus $31.5 million, or $16.59 per diluted share, in the prior year. The Company set all-time quarterly and annual records for total revenues, net premiums written and net income.Quarterly resultsRevenues for the quarter increased 45.8% to $77.1 million, compared to $52.9 million in the prior year period. Net premiums written increased 48.2% to $62.1 million, as lower average interest rates continued to drive strong levels of refinance activity and home sales. While escrow and title-related fees increased commensurate with the growth in premiums, revenues from non-title services decreas
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News
- Investors Title Full Year 2023 Earnings: EPS: US$11.46 (vs US$12.60 in FY 2022) [Yahoo! Finance]Yahoo! Finance
- Investors Title Company Declares Quarterly DividendBusiness Wire
- Owning 45% shares,institutional owners seem interested in Investors Title Company (NASDAQ:ITIC), [Yahoo! Finance]Yahoo! Finance
- Investors Title (NASDAQ: ITIC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Investors Title Co Reports Decline in Q4 and Full-Year 2023 Earnings Amid Real Estate Slowdown [Yahoo! Finance]Yahoo! Finance
ITIC
Analyst Actions
- 2/1/24 - TheStreet
ITIC
Sec Filings
- 4/12/24 - Form ARS
- 4/12/24 - Form DEF
- 3/15/24 - Form 10-K
- ITIC's page on the SEC website