ITIC
Investors Title Company249.43
-2.43-0.97%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
470.82MP/E (TTM)
13.12Basic EPS (TTM)
19.01Dividend Yield
0.01%Recent Filings
8-K
Q3 net income surges 31%
Investors Title Company posted Q3 net income of $12.2 million, up from $9.3 million last year, fueled by 6.1% revenue growth to $73.0 million from stronger title premiums and non-title services like exchanges. Operating expenses rose modestly 1.2% to $57.9 million amid higher volumes, while net investment gains added $2.1 million. Strong order pipeline signals continued momentum. Yet risks from real estate cycles loom.
10-Q
Q2 FY2025 results
Investors Title Company posted solid Q2 results, with total revenues climbing 12.7% year-over-year to $73.6M, driven by net premiums written up 6.0% to $54.5M from stronger real estate activity in key states like North Carolina and Texas. Net income surged 38.4% to $12.3M, or $6.48 diluted EPS, while year-to-date figures show revenues up 9.6% to $130.2M and net income edging 15.4% higher to $15.4M, or $8.16 per share—EPS reconciles cleanly with 1,894K diluted shares. Gross margins held firm amid controlled claims provisions, though personnel costs dipped on leaner staffing. Cash swelled to $29.7M with operating flows at $8.8M, funding $1.7M dividends; no debt burdens the balance sheet. A $2.9M gain from asset transfers to a joint venture boosted other income. Yet regulatory shifts, like the new OBBBA tax law, could stir future uncertainties.
8-K
Q2 net income surges 38%
Investors Title Company reported Q2 2025 net income of $12.3 million, up from $8.9 million last year, fueled by 12.6% revenue growth to $73.6 million on higher real estate activity and a $2.7 million joint venture gain. Operating expenses rose 6.9% to $57.9 million, driven by agent commissions and claims provisions, yet income before taxes climbed to $15.8 million. Stronger order volumes signal momentum. Adjusted pre-tax income (non-GAAP, reconciled) hit $13.7 million.
8-K
Shareholders approve governance measures
Investors Title Company shareholders approved key governance items at the May 21, 2025 annual meeting. Directors J. Allen Fine, Joseph B. Dempster, Jr., and James H. Speed, Jr. were elected with strong support, though Speed faced notable withholdings. The say-on-pay advisory vote passed overwhelmingly, and a triennial frequency for future votes was favored, aligning with board recommendations. Auditor Forvis Mazars, LLP was ratified unanimously. This reinforces steady executive alignment amid routine oversight.
10-Q
Q1 FY2025 results
Investors Title kicked off 2025 with solid revenue growth, hitting $56.6M for Q1 ended March 31, up 5.8% y/y from $53.5M, driven by net premiums written surging 15.3% y/y to $46.3M on stronger real estate activity in key states like Texas and Georgia. Yet profits dipped, with net income at $3.2M versus $4.5M last year, as net investment losses of $1.2M flipped from $2.4M gains, while operating expenses climbed 10.2% y/y mainly from higher agent commissions. Diluted EPS fell to $1.67 from $2.40, aligning with 1,895K diluted shares. Cash swelled to $27.6M, bolstered by $3.9M from investing, though free cash flow turned negative at $(1.4M) (derived) after $1.3M capex. No debt weighs on the balance sheet. Exchange services added steady lift. Regulatory pricing pressures loom in Texas.
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