earnings
confidence high
sentiment negative
materiality 0.85
Investors Title Q4 net income down 60% to $7.5M; FY EPS $12.59 vs $35.28
INVESTORS TITLE CO
2022-FY EPS reported
$12.59
revenue$283,392,000
- Q4 net income $7.5M ($3.97/share), down 60% YoY from $18.9M ($9.94).
- Q4 revenue $65.5M, down 28% YoY; net premiums written down 32%.
- FY2022 net income $23.9M ($12.59/share), down 64% from $67.0M ($35.28).
- Chairman: rapid rise in mortgage rates dampened transaction volumes; inflation moderating.
- Adjusted pre-tax income (non-GAAP) for FY fell 27% to $51.1M.