Stewart Information Services (STC) Misses Q4 EPS by 20c

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Go back to Stewart Information Services (STC) Misses Q4 EPS by 20c

Stewart Reports Results for the Fourth Quarter 2015

February 11, 2016 6:16 AM EST

HOUSTON, Feb. 11, 2016 /PRNewswire/ -- Stewart Information Services Corporation (NYSE-STC) today reported net income attributable to Stewart of $2.6 million, or $0.11 per diluted share, for the fourth quarter 2015 compared to net income attributable to Stewart of $11.9 million, or $0.49 per diluted share, for the fourth quarter 2014.

Pretax income for the fourth quarter 2015 was $3.1 million as compared to pretax income of $16.0 million for the fourth quarter 2014.

Earnings during the fourth quarter 2015 were impacted by:

Charges recorded in the mortgage services segment of $3.7 million, primarily related to our previously announced plan to exit the delinquent loan servicing... More