NASDAQ$ITIC
Investors Title Co · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Net income and revenues decreased due to decline in real estate transaction volumes.
Investors Title Company reported a decrease in net income to $1.2 million, or $0.62 per diluted share, compared to $6.2 million, or $3.25 per diluted share, for the prior year period. Revenues also decreased by 25.6% to $51.3 million, primarily due to a 38.3% decrease in revenues related to the title insurance business.
- Net income decreased to $1.2 million, or $0.62 per diluted share, compared to $6.2 million, or $3.25 per diluted share, for the prior year period.
- Revenues decreased 25.6% to $51.3 million, compared to $69.0 million in the prior year period.
- Title insurance revenues decreased primarily as a result of decreases of 38.3% in revenues related to title insurance business due to an overall decline in real estate transaction volumes.
- Operating expenses decreased 18.7% compared to the prior year period, mainly due to a $10.5 million decline in commissions to agents.
Headline financials
Revenue & EPS history
Investors Title · Revenue · Quarterly
$51.3M
Revenue by segment
Investors Title · $50.1M total across 5 segments · Q1 2023
- Net premiums written$39M-38.3%77.7%
- Non-title services$5.84M+140.8%11.6%
- Escrow & title-related fees$3.13M—6.2%
- Interest and dividends$2.07M—4.1%
- Other revenue$140K—0.3%
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 2023
+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% | — | — |
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