Investors Title Company Announces First Quarter 2022 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 results for the quarter ended March 31, 2022. The Company reported net income of $6.2 million, or $3.25 per diluted share, compared with net income of $13.8 million, or $7.29 per diluted share, for the prior year period.Total revenues decreased 4.3% to $69.0 million, compared to $72.1 million in the prior year period. The Company set a first quarter record for net premiums written, however this was partially offset by the recognition of a $5.9 million loss in the estimated fair value of the equity investment portfolio. Net premiums written increased 2.7% to $63.1 million, driven by increases in average home values and a higher level of purchase activity. Escrow and title-related fees increased 81.0% due to growth in independent agent markets and products which support title insurance. Revenues from non-title services increased 16.7%, mainly due to higher like-kind exchange activity and trust management fee
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ITIC
News
- Investors Title (NASDAQ: ITIC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Investors Title First Quarter 2024 Earnings: EPS: US$2.40 (vs US$0.62 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Investors Title Company Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Investors Title Company Announces First Quarter 2024 ResultsBusiness Wire
- Investors Title Full Year 2023 Earnings: EPS: US$11.46 (vs US$12.60 in FY 2022) [Yahoo! Finance]Yahoo! Finance
ITIC
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form SC
- 5/3/24 - Form 8-K
- ITIC's page on the SEC website