Investors Title Co (ITIC) Reports Q1 EPS of $0.86
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Investors Title Company Announces First Quarter 2015 Financial Results
May 5, 2015 8:29 AM EDTCHAPEL HILL, N.C.--(BUSINESS WIRE)-- Investors Title Company today announced its results for the quarter ended March 31, 2015. The Company reported net income attributable to the Company of $1,726,124, or $0.86 per diluted share, compared with $986,438, or $0.48 per diluted share, for the prior year period.
Revenues totaled $28,301,809, a decrease of 1.0% versus the prior year period. Although premium revenues and investment income increased, realized gains on investments from the prior year period resulted in an unfavorable comparison for total revenues. Refinance activity increased substantially versus the prior year period as mortgage interest rates dropped to their lowest levels in... More
