Quarterly ResultMay 6, 2026, 04:26 PM
Stewart Q1 Net Income $17.0M, EPS $0.55; Revenues $781.3M
AI Summary
Stewart Information Services Corp reported a significant increase in net income and diluted EPS for the first quarter of 2026. Net income attributable to Stewart rose to $16.964 million, with diluted EPS reaching $0.55. This growth was supported by strong performance across both the Title and Real Estate Solutions segments, which saw substantial increases in operating revenues and pretax income. The company also increased its cash dividend per share and continued share repurchases.
Key Highlights
- Stewart's net income attributable to Stewart increased to $16.964 million in Q1 2026 from $3.077 million in Q1 2025.
- Diluted EPS attributable to Stewart rose to $0.55 in Q1 2026, up from $0.11 in Q1 2025.
- Total operating revenues grew 28.2% to $764.554 million in Q1 2026 from $596.275 million in Q1 2025.
- Title segment operating revenues increased 21% to $603.2 million, with pretax income up 112% to $25.0 million.
- Real Estate Solutions segment operating revenues surged 66% to $161.4 million, and pretax income rose 172% to $11.0 million.
- Cash dividends paid totaled $16.341 million ($0.53 per share) in Q1 2026, up from $13.942 million ($0.50 per share) in Q1 2025.
- Stock repurchases amounted to $5.233 million in Q1 2026, compared to $3.365 million in Q1 2025.
- Goodwill increased by $2.185 million due to an acquisition in the title segment and purchase accounting adjustments for MCS.
Price Impact
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