Investors Title Company Announces First Quarter 2024 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 (Nasdaq: ITIC) today announced results for the quarter ended March 31, 2024. The Company reported net income of $4.5 million, or $2.40 per diluted share, compared with net income of $1.2 million, or $0.62 per diluted share, for the prior year period.Revenues increased 4.1% to $53.5 million, compared to $51.3 million in the prior year period, primarily due to increases in premiums written and higher net investment gains. The increase in premiums written is attributable to higher activity levels in some of our key markets. Positive changes in the estimated fair value of equity security investments resulted in higher net investment gains compared to the prior year period.Operating expenses decreased 4.3% compared to the prior year period, predominantly due to a $2.2 million decline in personnel expenses resulting from reduced staffing levels and decreases in other overhead expense categories. These decreases were partially o
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ITIC
News
- Investors Title Company Declares Quarterly DividendBusiness Wire
- 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 Full Year 2023 Earnings: EPS: US$11.46 (vs US$12.60 in FY 2022) [Yahoo! Finance]Yahoo! Finance
ITIC
Sec Filings
- 5/16/24 - Form 8-K
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- ITIC's page on the SEC website