Stewart Information Services Corporation

Stewart Information Services reported its second straight earnings miss of 2026 and faces persistent industry headwinds, justifying a continued Hold rating. Despite revenue growth in both core and real estate solutions segments, rising expenses and margin compression undermine STC's near-term outlook. STC's shares trade below their book value, but high goodwill and intangibles result in negative tangible book value, limiting downside protection.

Stewart Information Services Corporation ( STC ) Q3 2026 Earnings Call October 22, 2026 8:30 AM EDT Company Participants Brian Glaze - Principal Accounting Officer, Senior VP & Controller Frederick Eppinger - CEO & Director David Hisey - CFO & Treasurer Conference Call Participants Bose George - Keefe, Bruyette, & Woods, Inc., Research Division Oscar Nieves Santana - Stephens Inc., Research Division Presentation Operator Hello, and thank you for joining the Stewart Information Services Third Quarter 2026 Earnings Call. [Operator Instructions] Please note today's call is being recorded.

Stewart Information Services NYSE: STC reported third-quarter 2026 net income of $30 million, or $0.98 per diluted share, compared with $44 million, or $1.55 per share, a year earlier, as higher mortgage rates and weaker residential transaction activity pressured margins. On an adjusted basis, net income was $41 million, or $1.33 per diluted share, down from $47 million, or $1.64 per share, in the prior-year quarter.

Total revenues of $900.7 million (GAAP and adjusted basis) compared to $796.9 million ($791.3 million on an adjusted basis) in the prior year quarter Net income of $30.3 million ($41.2 million on an adjusted basis) compared to net income of $44.3 million ($46.7 million on an adjusted basis) in the prior year quarter Diluted EPS of $0.98 ($1.33 on an adjusted basis) compared to prior year quarter diluted EPS of $1.55 ($1.64 on an adjusted basis) HOUSTON, Oct. 21, 2026 /PRNewswire/ -- Stewart Information Services Corporation (NYSE: STC) today reported net income attributable to Stewart of $30.3 million ($0.98 per diluted share) for the third quarter 2026, compared to net income attributable to Stewart of $44.3 million ($1.55 per diluted share) for the third quarter 2025. On an adjusted basis, net income for the third quarter 2026 was $41.2 million ($1.33 per diluted share) compared to net income of $46.7 million ($1.64 per diluted share) in the third quarter 2025.