OLD REPUBLIC DECLARES FIRST QUARTER REGULAR CASH DIVIDEND OF 31.5 CENTS PER SHARE [Accessibility Statement] Skip NavigationCHICAGO, Feb. 27, 2026 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 31.5 cents per share. This dividend is payable on March 19, 2026 to shareholders of record on March 09, 2026. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to ...

Quakertown, PA and Limerick, PA, Feb. 25, 2026 (GLOBE NEWSWIRE) -- QNB Corp. ("QNB" or the "Company") (OTCQX: QNBC), the holding company for QNB Bank, and The Victory Bancorp, Inc. ("Victory") (OTCQX: VTYB), the holding company for The Victory Bank, today jointly announced that they have received all required regulatory approvals to complete their previously announced merger transaction (the “Merger”). The transaction, initially announced on September 23, 2025, is expected to close during the second quarter ...

Investor Update Winter 2025 Disclaimer This presentation contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements regarding our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectatio ...

Core Insights - Fidelity National Financial, Inc. (FNF) reported financial results for Q4 and the full year 2025, highlighting strong performance in its Title Segment and a significant special stock distribution to shareholders [1][2][3]. Financial Performance - Adjusted net earnings for Q4 2025 were $382 million, or $1.41 per share, compared to $366 million, or $1.34 per share in Q4 2024, marking an increase of 4.4% in earnings per share [4][5]. - Full year adjusted net earnings reached $1.4 billion, or $4.97 per share, up from $1.3 billion, or $4.63 per share in 2024, reflecting a 7.3% increase in earnings per share [4][5]. - Total revenue for Q4 2025 was $4.051 billion, compared to $3.621 billion in Q4 2024, representing an increase of 11.9% [9]. Title Segment Highlights - The Title Segment generated total revenue of $2.2 billion for Q4 2025, up from $2.0 billion in Q4 2024, and $8.5 billion for the full year, compared to $7.7 billion in 2024, both reflecting an 11% increase [6][9]. - Direct title premiums for Q4 2025 were $754 million, a 21% increase over Q4 2024, while agency title premiums were $840 million, a 7% increase [18]. - The adjusted pre-tax title margin was 17.5% for Q4 2025, compared to 16.6% in Q4 2024, indicating improved profitability [8][18]. F&G Segment Performance - F&G achieved record assets under management (AUM) of $73.1 billion at the end of Q4 2025, a 12% increase from the previous year [10][22]. - Gross sales for F&G were $3.4 billion in Q4 2025 and $14.6 billion for the full year, driven by strong demand for retirement savings products [10][22]. - F&G's adjusted net earnings for Q4 2025 were $104 million, down from $123 million in Q4 2024, primarily due to unfavorable mark-to-market movements [19][22]. Shareholder Returns - FNF returned approximately $170 million to shareholders in Q4 2025 through dividends and share repurchases, bringing the total for the year to approximately $800 million [10]. - A special dividend of approximately 12% ownership of F&G, valued at around $500 million, was distributed to FNF shareholders on December 31, 2025 [2][10]. Management Commentary - The Chairman highlighted the strong performance of the Title business and the strategic importance of F&G in complementing the Title Segment, emphasizing the transition to a capital-light business model [8][19]. - The CEO noted the company's focus on maintaining competitive advantages through technology and operational efficiencies, positioning the business for future growth [13][19].

Company Overview - PulteGroup, Inc. (PHM) is a homebuilding company based in Atlanta, Georgia, with a market cap of $27.4 billion. The company engages in selling and constructing homes, developing residential land, and providing mortgage financing and title insurance services to home buyers [1]. Stock Performance - PHM shares have outperformed the broader market over the past year, gaining 33.6% compared to the S&P 500 Index's increase of 11.8%. Year-to-date, PHM stock is up 21.6%, while the S&P 500 has experienced a slight decline [2]. - Compared to the SPDR S&P Homebuilders ETF (XHB), which gained about 14.5% over the past year, PHM's year-to-date gains also surpass the ETF's 17.9% returns [3]. Market Demand and Strategy - PulteGroup's strong performance is attributed to high demand in the Midwest, Northeast, and Florida, which has offset weaknesses in Texas and Western markets. The company's Del Webb communities have seen increased active adult sign-ups, contributing to higher gross margins [3]. - To address softer demand, PulteGroup has increased sales incentives and is shifting towards built-to-order homes. Management expresses optimism for the spring 2026 selling season due to improved affordability and lower mortgage rates [3]. Financial Results - In Q4, PulteGroup reported an adjusted EPS of $2.88, exceeding Wall Street expectations of $2.78. The company's revenue reached $4.6 billion, surpassing forecasts of $4.3 billion [4]. - For the current fiscal year ending in December, analysts project an 11.6% decline in EPS to $10.11 on a diluted basis. PulteGroup has a strong earnings surprise history, beating consensus estimates in each of the last four quarters [4]. Analyst Ratings - Among 17 analysts covering PHM stock, the consensus rating is a "Moderate Buy," consisting of eight "Strong Buy" ratings, one "Moderate Buy," seven "Holds," and one "Strong Sell" [5]. - The current analyst configuration is more bullish than two months ago, with seven analysts now suggesting a "Strong Buy" [6].

Stewart Information Services Corporation (NYSE:STC) is one of the 10 undervalued growth stocks for the next 5 years. On February 5, Stewart Information Services Corporation (NYSE:STC) reported strong financial results for the fourth quarter. The company posted revenue of $790.6 million for the quarter, beating consensus estimates of $774.95 million. Its Title segment drove much of the growth, with operating revenues rising 19%, supported by gains across both direct and agency title operations. This contrib ...

Core Viewpoint - Fidelity National Financial, Inc. (FNF) is set to release its fourth quarter and full year 2025 earnings on February 19, 2026, after market close, highlighting its ongoing role as a leading provider in the title insurance and transaction services sectors [1]. Group 1: Earnings Release Information - The earnings release will be followed by a webcast and conference call on February 20, 2026, at 11:00 a.m. Eastern Time to discuss the financial results [2]. - Additional details regarding the quarterly financial results will be accessible on FNF's Investor Relations website [2]. Group 2: Company Overview - Fidelity National Financial, Inc. is recognized as the largest title insurance company in the United States, operating through its various title insurance underwriters, including Fidelity National Title and Chicago Title [3]. - The company also provides insurance solutions for retail annuity and life customers, as well as institutional clients through its majority-owned subsidiary, F&G Annuities & Life, Inc. [3].

Core Insights - Stewart Information Services Corporation (STC) is a significant entity in the title insurance and real estate services sector, offering various services including title insurance and closing services, competing with firms like First American Financial Corporation and Fidelity National Financial [1] Financial Performance - For the fourth quarter of 2025, STC reported an earnings per share (EPS) of $1.65, exceeding the estimated EPS of $1.35, and showing an improvement from the previous year's adjusted EPS of $1.12 [2] - The company's net income for the fourth quarter was $36.3 million, or $1.25 per diluted share, up from $22.7 million, or $0.80 per diluted share, in the same period of 2024 [2] - STC's revenue for the fourth quarter reached $794.4 million, surpassing the estimated $774.9 million, and marking an increase from $665.9 million reported in the fourth quarter of 2024 [3] - For the full year 2025, STC's revenues totaled $2.9 billion, up from $2.5 billion in 2024, indicating a growth trajectory [3] Valuation Metrics - The company's price-to-earnings (P/E) ratio is approximately 19.27, reflecting investor confidence in its earnings potential [4] - The price-to-sales ratio is about 0.74, indicating the stock is valued at less than one times its sales [4] - The enterprise value to sales ratio is around 0.87, showing the company's total valuation relative to its sales [4] Debt and Cash Flow - STC's debt-to-equity ratio is approximately 0.39, suggesting a moderate level of debt relative to equity, indicating a balanced approach to leveraging debt for growth [5] - The enterprise value to operating cash flow ratio is approximately 14.60, providing insight into the company's cash flow generation relative to its valuation [5] - The earnings yield of about 5.19% offers a perspective on the return on investment for shareholders [5]

Core Insights - SB Financial Group, Inc. reported a net income of $3.9 million for Q4 2025, marking a 7.8% increase year-over-year, with diluted earnings per share (DEPS) of $0.63, up 14.5% from the previous year [5][6][19] - The company achieved a total operating revenue of $16.4 million in Q4 2025, a 6.3% increase compared to Q4 2024, driven by higher net interest income [6][19] - For the full year 2025, net income reached $14.0 million, a 21.8% increase from $11.5 million in 2024, with adjusted DEPS of $2.31, up 35.1% [5][6][19] Financial Performance - Operating revenue for the twelve months ended December 31, 2025, was $65.6 million, a 15.1% increase from $56.9 million in 2024 [3] - Net interest income for Q4 2025 was $12.7 million, a 16.7% increase from $10.9 million in Q4 2024, driven by strong loan growth and rising loan yields [4][6] - Total loans increased by $133.9 million, or 12.8%, year-over-year, reaching $1.18 billion [12][16] Asset and Deposit Growth - Total deposits grew to $1.31 billion, an increase of $154.6 million, or 13.4%, year-over-year, supported by stable core deposit relationships [4][13] - The company reported a loan-to-deposit ratio of 90.3% and a loan-to-asset ratio of 76% as of December 31, 2025 [12] Noninterest Income and Expenses - Noninterest income for Q4 2025 totaled $3.7 million, a decrease of 18.6% from the prior year, primarily due to lower mortgage loan servicing fees [9][10] - Noninterest expense increased by 2.1% to $11.2 million, driven by higher occupancy costs and state taxes, while the efficiency ratio improved to 68.1% [11][19] Asset Quality - Nonperforming assets totaled $4.7 million, representing 0.30% of total assets, a decrease from 0.40% in the prior year [19][20] - The allowance for credit losses was 1.36% of total loans, providing coverage of 351.9% of nonperforming loans, indicating strong credit risk management [20][21]

Performance Overview - The Third Avenue Real Estate Value Fund generated a return of +11.61% for the year ended December 31, 2025, outperforming its benchmark, the MSCI ACWI IMI Core Real Estate Index, which returned +9.86% [2][3] - Since its inception in 1998, the Fund has achieved an annualized return of +8.96%, indicating that an initial investment of $100,000 would exceed $1,000,000 by year-end with reinvested distributions [4] Key Contributors and Detractors - Major contributors to the Fund's performance included investments in National Storage REIT and several industrial and logistics REITs such as Prologis, First Industrial, and Segro plc [3] - Detractors included investments in U.S. homebuilders like Lennar Corp., PulteGroup, and D.R. Horton, as well as certain U.K. property companies [3] Fund Management Strategy - The Fund Management emphasizes long-term results and has refined its investment strategy to focus on well-capitalized enterprises with discounted securities [8][9] - The Firm's approach to value investing has remained consistent, targeting opportunities for resource conversion, including privatizations and mergers [10][11] Recent Additions and Changes - The Fund initiated a position in FirstService Corporation, a Canadian real estate services company, which meets the Fund's investment criteria due to its conservative capitalization and strong management [12][13] - Other changes included adding to positions where the price-to-value gap widened, such as Unite Group and Fidelity National Financial, while trimming back on CBRE Group and JLL Inc. [16] Sector Allocations - 40.3% of the Fund's capital is invested in U.S. residential real estate companies, supported by strong demand and low inventory levels [18] - 27.5% is allocated to North American commercial real estate companies, which are expected to benefit from structural demand drivers [19] - 27.6% is invested in international real estate companies, focusing on similar activities as domestic holdings [20] - The remaining 4.6% is in cash, debt, and options, including U.S. Dollar cash and short-term U.S. Treasuries [21] Market Insights - The Fund Management believes that the next five years could mirror the early 2000s, with compelling valuations for listed real estate leading to net inflows and differentiated returns [29][30] - The report highlights the significant size of the publicly traded real estate market, with over $6 trillion accessible to investors globally [28]