See more : Kingfish Holding Corporation (KSSH) Income Statement Analysis – Financial Results
Complete financial analysis of Investors Title Company (ITIC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Investors Title Company, a leading company in the Insurance – Specialty industry within the Financial Services sector.
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Investors Title Company (ITIC)
About Investors Title Company
Investors Title Company, through its subsidiaries, engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties. The company underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance of title insurance risks from other title insurance companies. It also provides services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property. In addition, it serves as an exchange accommodation titleholder for accomplishing reverse exchanges when the taxpayers decide to acquire replacement property before selling the relinquished property. Further, the company offers investment management and trust services to individuals, companies, banks, and trusts; and consulting and management services to clients to start and operate a title insurance agency. It issues title insurance policies primarily through approved attorneys from underwriting offices, as well as through independent issuing agents in 24 states and the District of Columbia, primarily in the eastern half of the United States. The company was founded in 1972 and is headquartered in Chapel Hill, North Carolina.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 224.75M | 283.39M | 329.50M | 236.41M | 183.50M | 156.26M | 161.65M | 138.49M | 127.20M | 123.12M | 126.25M | 115.08M | 90.69M | 71.31M | 71.31M | 71.12M | 84.94M | 84.66M | 87.86M | 79.84M | 90.83M | 73.25M | 64.47M | 42.23M | 47.37M | 48.48M | 32.39M | 22.99M | 17.37M | 16.90M | 2.60M | 14.30M | 10.30M | 9.80M | 8.90M | 9.10M | 10.00M | 8.90M | 6.20M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 349.65K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 224.75M | 283.39M | 329.50M | 236.41M | 183.50M | 156.26M | 161.65M | 138.49M | 127.20M | 123.12M | 126.25M | 115.08M | 90.69M | 71.31M | 71.31M | 71.12M | 84.94M | 84.31M | 87.86M | 79.84M | 90.83M | 73.25M | 64.47M | 42.23M | 47.37M | 48.48M | 32.39M | 22.99M | 17.37M | 16.90M | 2.60M | 14.30M | 10.30M | 9.80M | 8.90M | 9.10M | 10.00M | 8.90M | 6.20M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 99.59% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 76.71M | 102.65M | 77.25M | 61.88M | 55.31M | 52.37M | 54.17M | 43.17M | 39.72M | 36.10M | 34.82M | 31.03M | 27.74M | 56.18M | 25.73M | 28.27M | 28.42M | 26.71M | 30.31M | 29.15M | 39.11M | 32.01M | 28.07M | 15.47M | 17.05M | 17.40M | 10.07M | 5.78M | 3.67M | 7.90M | 0.00 | 2.60M | 6.00M | 1.50M | 1.10M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 68.64M | 0.00 | 2.37M | 2.33M | 2.15M | 1.86M | 49.60M | 1.54M | 29.25M | 27.72M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 76.71M | 102.65M | 77.25M | 61.88M | 55.31M | 52.37M | 54.17M | 43.17M | 39.72M | 36.10M | 34.82M | 31.03M | 77.34M | 57.73M | 54.98M | 55.98M | 28.42M | 26.71M | 30.31M | 29.15M | 39.11M | 32.01M | 28.07M | 15.47M | 17.05M | 17.40M | 10.07M | 5.78M | 3.67M | 7.90M | 0.00 | 2.60M | 6.00M | 1.50M | 1.10M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | -355.94M | -326.59M | -249.25M | -199.67M | -176.94M | -185.55M | -153.53M | -149.15M | -145.73M | -139.52M | -130.03M | -158.52M | -120.42M | -120.37M | -130.32M | -101.54M | 0.00 | -99.59M | -93.49M | -113.77M | -93.58M | -83.81M | -53.44M | -57.95M | -58.18M | -36.00M | -23.35M | -16.62M | -20.30M | -300.00K | -17.40M | -15.30M | -9.50M | -8.30M | -6.50M | -7.00M | -5.70M | -3.90M |
| Operating Expenses | 94.07M | -253.28M | -249.34M | -187.37M | -144.36M | -124.57M | -131.38M | -110.36M | -109.42M | -109.63M | -104.71M | -99.00M | -81.19M | -62.69M | -65.39M | -74.34M | -73.12M | 141.50K | -69.28M | -64.34M | -74.66M | -61.58M | -55.73M | -37.97M | -40.91M | -40.78M | -25.94M | -17.57M | -12.95M | -12.40M | -300.00K | -14.80M | -9.30M | -8.00M | -7.20M | -6.50M | -7.00M | -5.70M | -3.90M |
| Cost & Expenses | 94.07M | 253.28M | 244.57M | 186.75M | 143.68M | 129.19M | 131.38M | 110.36M | 109.42M | 109.63M | 104.71M | 99.00M | 81.19M | 62.69M | 65.39M | 74.34M | 73.12M | 67.33M | 69.28M | 64.34M | 74.66M | 61.58M | 55.73M | 37.97M | 40.91M | 40.78M | 25.94M | 17.57M | 12.96M | 8.00M | 100.00K | 2.70M | 6.40M | 1.50M | 1.10M | 300.00K | -7.00M | -5.70M | 100.00K |
| Interest Income | 9.06M | 4.70M | 3.77M | 4.39M | 4.75M | 4.62M | 4.44M | 4.68M | 4.53M | 4.26M | 3.89M | 3.98M | 3.60M | 3.67M | 3.78M | 0.00 | 0.00 | 561.40K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.62M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.10K | 100.00K | 100.00K | 100.00K | 0.00 | 0.00 | 0.00 | 300.00K | 0.00 | 0.00 | 100.00K |
| Depreciation & Amortization | 4.12M | 3.58M | 2.44M | 2.26M | 2.26M | 2.23M | 2.35M | 1.52M | 1.83M | 1.46M | 1.18M | 954.93K | 814.65K | 851.85K | 971.82K | 1.23M | 1.48M | 1.34M | 1.09M | 1.01M | 874.96K | 986.89K | 1.41M | 794.69K | 470.84K | 393.03K | 346.55K | 328.68K | 307.65K | 300.00K | 0.00 | 200.00K | 100.00K | 200.00K | 100.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 30.35M | 33.69M | 87.37M | 51.92M | 39.82M | 27.07M | 32.62M | 29.65M | 9.20M | 14.95M | 22.72M | 17.03M | 10.31M | 9.47M | 6.87M | -1.98M | 13.28M | 0.00 | 19.67M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.72M | 400.00K | 0.00 | 300.00K | 0.00 | 0.00 | 0.00 | 0.00 | 3.00M | 3.20M | 0.00 |
| EBITDA Ratio | 13.50% | 11.89% | 25.07% | 21.70% | 22.57% | 21.71% | 20.18% | 21.41% | 15.42% | 12.14% | 18.00% | 14.80% | 11.37% | 13.28% | 9.66% | -2.79% | 15.66% | 22.06% | 22.39% | 20.69% | 18.77% | 17.28% | 15.75% | 11.97% | 14.64% | 16.69% | 20.99% | 25.01% | 27.19% | 28.40% | 88.46% | -2.10% | 10.68% | 20.41% | 20.22% | 28.57% | 30.00% | 35.96% | 37.10% |
| Operating Income | 26.23M | 30.11M | 80.16M | 49.04M | 39.15M | 31.69M | 30.27M | 28.13M | 17.78M | 13.49M | 21.54M | 16.08M | 9.50M | 8.62M | 5.92M | -3.22M | 11.82M | 244.29K | 18.58M | 15.50M | 16.17M | 11.67M | 8.74M | 4.26M | 6.46M | 7.70M | 6.45M | 5.42M | 4.41M | 4.50M | 2.30M | -500.00K | 1.00M | 1.80M | 1.70M | 2.60M | 3.00M | 3.20M | 2.30M |
| Operating Income Ratio | 11.67% | 10.62% | 24.33% | 20.74% | 21.33% | 20.28% | 18.73% | 20.31% | 13.98% | 10.96% | 17.06% | 13.97% | 10.47% | 12.08% | 8.30% | -4.52% | 13.92% | 0.29% | 21.15% | 19.42% | 17.80% | 15.93% | 13.55% | 10.09% | 13.64% | 15.87% | 19.92% | 23.58% | 25.42% | 26.63% | 88.46% | -3.50% | 9.71% | 18.37% | 19.10% | 28.57% | 30.00% | 35.96% | 37.10% |
| Total Other Income/Expenses | 0.00 | -150.57M | -163.36M | -124.84M | -88.32M | -76.84M | -83.22M | -72.42M | -70.43M | -74.35M | -70.57M | -98.96M | -814.65K | -851.85K | -758.66K | -1.25M | -1.46M | 0.00 | -1.09M | 0.00 | 16.17M | 11.67M | 8.74M | 0.00 | 6.46M | 7.70M | 6.45M | 5.42M | 4.40M | 1.30M | 0.00 | 1.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 26.23M | 30.11M | 84.93M | 49.66M | 39.82M | 27.07M | 30.27M | 28.13M | 17.78M | 13.49M | 21.54M | 16.08M | 9.50M | 8.62M | 5.92M | -3.22M | 11.82M | 17.33M | 18.58M | 15.50M | 16.17M | 11.67M | 8.74M | 4.26M | 6.46M | 7.70M | 6.45M | 5.42M | 4.40M | 5.80M | 0.00 | 500.00K | 1.90M | 2.90M | 2.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 11.67% | 10.62% | 25.78% | 21.01% | 21.70% | 17.32% | 18.73% | 20.31% | 13.98% | 10.96% | 17.06% | 13.97% | 10.47% | 12.08% | 8.30% | -4.52% | 13.92% | 20.47% | 21.15% | 19.42% | 17.80% | 15.93% | 13.55% | 10.09% | 13.64% | 15.87% | 19.92% | 23.58% | 25.36% | 34.32% | 0.00% | 3.50% | 18.45% | 29.59% | 29.21% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 4.54M | 6.21M | 17.91M | 10.24M | 8.37M | 5.21M | 4.57M | 8.62M | 5.23M | 3.82M | 6.75M | 4.89M | 2.57M | 2.24M | 1.09M | -2.03M | 3.42M | 4.14M | 5.29M | 4.78M | 5.21M | 3.56M | 2.73M | 1.12M | 2.04M | 2.24M | 1.92M | 1.58M | 1.15M | 1.30M | -100.00K | 500.00K | 200.00K | 300.00K | 300.00K | 600.00K | 500.00K | 1.40M | 1.00M |
| Net Income | 21.69M | 23.90M | 67.02M | 39.42M | 31.46M | 21.86M | 25.70M | 19.52M | 12.55M | 9.67M | 14.80M | 11.19M | 6.93M | 6.37M | 4.83M | -1.18M | 8.40M | 13.19M | 13.29M | 10.72M | 10.97M | 8.11M | 6.01M | 3.14M | 4.42M | 5.46M | 4.53M | 3.84M | 3.25M | 3.10M | 2.30M | -1.10M | 800.00K | 1.50M | 1.40M | 1.70M | 2.50M | 1.80M | 1.20M |
| Net Income Ratio | 9.65% | 8.43% | 20.34% | 16.67% | 17.14% | 13.99% | 15.90% | 14.09% | 9.87% | 7.86% | 11.72% | 9.72% | 7.65% | 8.94% | 6.77% | -1.66% | 9.89% | 15.57% | 15.13% | 13.43% | 12.07% | 11.07% | 9.32% | 7.44% | 9.33% | 11.26% | 13.99% | 16.72% | 18.72% | 18.34% | 88.46% | -7.69% | 7.77% | 15.31% | 15.73% | 18.68% | 25.00% | 20.22% | 19.35% |
| EPS | 11.46 | 12.60 | 35.39 | 20.84 | 16.66 | 11.58 | 13.63 | 10.23 | 6.32 | 4.75 | 7.15 | 5.33 | 3.22 | 2.79 | 2.11 | -0.50 | 3.39 | 5.22 | 5.19 | 4.29 | 4.38 | 3.22 | 2.35 | 1.21 | 1.59 | 1.95 | 1.63 | 1.39 | 1.16 | 1.10 | 0.81 | -0.37 | 0.28 | 0.51 | 0.50 | 0.59 | 0.89 | 0.26 | 0.13 |
| EPS Diluted | 11.46 | 12.59 | 35.27 | 20.79 | 16.59 | 11.52 | 13.56 | 10.19 | 6.30 | 4.74 | 7.08 | 5.24 | 3.20 | 2.78 | 2.10 | -0.50 | 3.35 | 5.14 | 5.10 | 4.09 | 4.18 | 3.12 | 2.31 | 1.21 | 1.59 | 1.92 | 1.60 | 1.39 | 1.16 | 1.10 | 0.81 | -0.37 | 0.28 | 0.51 | 0.50 | 0.59 | 0.89 | 0.26 | 0.13 |
| Weighted Avg Shares Out | 1.89M | 1.90M | 1.89M | 1.89M | 1.89M | 1.89M | 1.89M | 1.91M | 1.98M | 2.03M | 2.06M | 2.08M | 2.15M | 2.28M | 2.29M | 2.36M | 2.48M | 2.53M | 2.56M | 2.50M | 2.50M | 2.52M | 2.55M | 2.59M | 2.78M | 2.81M | 2.78M | 2.77M | 2.80M | 2.82M | 2.84M | 2.97M | 2.86M | 2.94M | 2.80M | 2.88M | 2.81M | 8.79M | 8.93M |
| Weighted Avg Shares Out (Dil) | 1.89M | 1.90M | 1.90M | 1.90M | 1.90M | 1.90M | 1.90M | 1.92M | 1.99M | 2.04M | 2.08M | 2.12M | 2.17M | 2.29M | 2.30M | 2.36M | 2.51M | 2.56M | 2.61M | 2.62M | 2.62M | 2.60M | 2.60M | 2.60M | 2.79M | 2.84M | 2.83M | 2.80M | 2.84M | 2.82M | 2.84M | 2.97M | 2.86M | 2.94M | 2.80M | 2.88M | 2.81M | 8.79M | 8.93M |
Investors Title Company Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors declared a special cash dividend of $14.00 per share to shareholders of record on December 2, 2024, payable December 16, 2024. The special dividend...
Investors Title Q3 Earnings Rise Y/Y on Premium Growth, Cost Control
ITIC reports a 31% EPS increase in Q3, driven by higher net premiums, growth in Texas and Florida markets, and improved investment returns, showcasing resilient profitability.
Investors Title Company Announces Third Quarter 2024 Results
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) today announced results for the third quarter ended September 30, 2024. The Company reported net income of $9.3 million, or $4.92 per diluted share, compared with $7.1 million, or $3.75 per diluted...
Investors Title Company: Lower Interest Rate Will Boost Net Income
Investors Title Company has a low-risk business model with stable revenue from underwriting title insurance contracts, benefiting from increased home sales. ITIC reported strong financials in Q2 and H1, with a net profit of $8.9M and EPS of $4.71, driven...
2 Small Caps of "Interest"
Here we highlight 2 Outperform rated Small Caps that should benefit from a lower interest rate environment.
Investors Title (ITIC) Q2 Earnings Rise Y/Y, Revenues Up
Investors Title (ITIC) sees a 17% increase in net income for second-quarter 2024, with EPS rising to $4.70. Revenues rise 12.1%, driven by higher premiums and real estate activity.
Investors Title Company Announces Second Quarter 2024 Results
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) today announced results for the second quarter ended June 30, 2024. The Company reported net income of $8.9 million, or $4.70 per diluted share, compared with $7.6 million, or $4.00 per diluted...
Investors Title Company: A Solid, Growing NC Title Insurer
Investors Title Company has consistently reported positive earnings since 2009 and enjoys a very healthy balance sheet. Despite a decline in revenues compared to the surge in real estate activity during COVID, ITIC has shown long-term growth and has opportunities...
Investors Title Company Declares Quarterly Dividend
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors has declared a cash dividend of $.46 per share to shareholders of record June 14, 2024, payable June 28, 2024. Investors Title Company is...
Investors Title Company Announces First Quarter 2024 Results
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...
Source: https://incomestatements.info
Category: Stock Reports