NASDAQ$ITIC
Investors Title Co · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported record results due to low interest rates fueling refinance activity and strong housing demand.
Investors Title Company announced record results for Q1 2021, with net income of $13.8 million, or $7.29 per diluted share, compared to a net loss of $7.0 million, or $3.71 per diluted share, for the prior year period. Revenues increased 141.1% to $72.1 million, and net premiums written increased 59.2% to $61.5 million.
- Net income was $13.8 million, or $7.29 per diluted share, compared to a net loss of $7.0 million, or $3.71 per diluted share, for the prior year period.
- Total revenues increased 141.1% to $72.1 million, compared to $29.9 million in the prior year period.
- Net premiums written increased 59.2% to $61.5 million.
- Income before income taxes increased $25.8 million to $17.3 million.
Headline financials
Revenue & EPS history
Investors Title · Revenue · Quarterly
$72.1M
Revenue by segment
Investors Title · $62.2M total across 6 segments · Q3 2023
- Net premiums written$49.8M-25.3%80.1%
- Escrow & title-related fees$4.68M-21.5%7.5%
- Non-title services$4.64M+20.4%7.5%
- Interest and dividends$2.31M—3.7%
- Other investment income$514K—0.8%
- Other revenue$257K—0.4%
Forward guidance
The outlook for the real estate market for 2021 is drawing more into focus with expectations of economic growth fueled by federal stimulus, the rollout of the COVID-19 vaccine, and job growth increasing throughout the year.
Tailwinds
- Economic growth is expected to increase throughout the year, fueled by federal stimulus.
- The rollout of the COVID-19 vaccine is expected to contribute to economic growth.
- Job growth is expected to increase throughout the year.
- Mortgage interest rates are likely to remain low by historical standards.
- Population demographics, residual demand attributable to supply shortages, and a growing economy will result in a strong housing market for 2021.
Headwinds
- Refinance activity will almost certainly slow as rates nudge upward.
- Changes in home purchase or refinance demand.
- Activity and the mix thereof, interest rate changes.
- The severity and duration of the COVID-19 pandemic (including any of its variants) and its effects (and the effects of measures undertaken to combat it) on the economy and the Company’s business.
- The cyclical demand for title insurance due to changes in the residential and commercial real estate markets.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+1.7%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+2.1%
Avg return
30 days after
58%
37 / 64 earnings
Positive
+12.5%
Q3 2024
Best reaction
-6.0%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.2% | +0.6% | +3.1% | |
| Q4 2025 | +0.4% | -17.5% | -18.6% | |
| Q3 2025 | +6.5% | +4.6% | -5.5% | |
| Q1 2025 | +2.1% | -4.0% | -17.2% | |
| Q4 2024 | +4.2% | +4.1% | +8.5% | |
| Q3 2024 | +12.5% | +9.9% | +18.8% | |
| Q2 2024 | +3.4% | +5.0% | +14.8% | |
| Q1 2024 | -0.3% | -1.6% | +13.5% | |
| Q4 2023 | -2.3% | -5.5% | -6.0% | |
| Q3 2023 | +3.0% | +0.6% | +5.9% | |
| Q2 2023 | +1.6% | -0.5% | -3.9% | |
| Q1 2023 | -0.7% | -0.6% | -6.6% | |
| Q4 2022 | -1.0% | +1.4% | -7.2% | |
| Q3 2022 | +4.8% | +2.8% | +5.7% | |
| Q2 2022 | +1.5% | +0.9% | -11.9% | |
| Q1 2022 | -6.0% | -13.3% | -8.6% | |
| Q4 2021 | +4.9% | +1.2% | +5.0% | |
| Q3 2021 | +10.1% | +12.0% | -4.3% | |
| Q2 2021 | +9.1% | +11.7% | +15.4% | |
| Q1 2021 | +4.7% | +5.4% | +0.8% | |
| Q4 2020 | -0.2% | +0.9% | +3.7% | |
| Q3 2020 | +9.5% | +7.5% | +14.1% | |
| Q2 2020 | +3.5% | +6.8% | +13.9% | |
| Q1 2020 | +4.5% | +2.6% | +7.6% | |
| Q4 2019 | +4.0% | +9.7% | -14.1% | |
| Q3 2019 | -2.0% | -0.1% | +1.2% | |
| Q2 2019 | -2.3% | -2.4% | -3.7% | |
| Q1 2019 | -1.4% | -1.5% | -7.1% | |
| Q4 2018 | -4.8% | -4.6% | -2.8% | |
| Q3 2018 | +4.6% | +5.4% | +4.4% | |
| Q2 2018 | +1.7% | +1.6% | +1.0% | |
| Q1 2018 | -0.0% | +0.2% | -1.6% | |
| Q4 2017 | +0.5% | +2.9% | +3.5% | |
| Q3 2017 | -0.9% | -1.6% | +7.3% | |
| Q2 2017 | +1.6% | +2.2% | +0.0% | |
| Q1 2017 | +0.8% | +8.9% | +6.8% | |
| Q4 2016 | +4.6% | +5.7% | +7.6% | |
| Q3 2016 | +10.2% | +10.2% | +38.4% | |
| Q2 2016 | -0.8% | -1.3% | +1.3% | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2015 | +2.6% | — | — | |
| Q3 2015 | +5.8% | — | — | |
| Q2 2015 | +1.8% | — | — | |
| Q1 2015 | -3.9% | — | — | |
| Q4 2014 | +8.3% | — | — | |
| Q3 2014 | -0.4% | — | — | |
| Q2 2014 | -0.8% | — | — | |
| Q1 2014 | -2.1% | — | — | |
| Q4 2013 | -0.7% | — | — | |
| Q3 2013 | +1.7% | — | — | |
| Q2 2013 | -0.0% | — | — | |
| Q1 2013 | +1.5% | — | — | |
| Q4 2012 | -0.5% | — | — | |
| Q3 2012 | +0.0% | — | — | |
| Q2 2012 | +4.6% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q1 2012 | +0.8% | — | — | |
| Q4 2011 | -4.2% | — | — | |
| Q3 2011 | +1.2% | — | — | |
| Q3 2010 | +1.2% | — | — | |
| Q2 2010 | +0.0% | — | — | |
| Q2 2011 | +0.0% | — | — | |
| Q4 2010 | +0.0% | — | — | |
| Q1 2010 | +0.3% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro