Investors Title Co Reports Decline in Q4 and Full-Year 2023 Earnings Amid Real Estate Slowdown [Yahoo! Finance]
Investors Title Company (ITIC)
US:NASDAQ Investor Relations:
invtitle.com/investor-relations-overview
Company Research
Source: Yahoo! Finance
Revenues : Q4 revenues dropped 18.0% to $53.7 million; annual revenues decreased 20.7% to $224.8 million. Earnings Per Share : Diluted EPS for Q4 was $3.09, down from $3.97 in the prior year; annual diluted EPS was $11.45, down from $12.59. Operating Expenses : Q4 operating expenses were reduced by 15.6%, reflecting lower title insurance volume. Investment Gains : Net investment gains decreased, contributing to the revenue decline. Market Challenges : Higher mortgage interest rates and housing inventory constraints impacted real estate transactions. On February 13, 2024, Investors Title Co ( NASDAQ:ITIC ) released its 8-K filing , announcing its financial results for the fourth quarter and fiscal year ended December 31, 2023. The company, which is engaged in the issuance of residential and commercial title insurance and provides a range of related services, faced a challenging market environment characterized by a slowdown in real estate transactions. Financial Performanc
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ITIC
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 Company Announces Fourth Quarter and Fiscal Year 2023 Financial Results [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