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HOUSTON - Stewart Information Services Corporation (NYSE:STC), a $1.9 billion market cap company with strong financial health indicators according to InvestingPro, has introduced a new FINCEN Reporting Services (FRS) platform to help title and closing customers comply with the Financial Crimes Enforcement Network’s (FinCEN) Anti-Money Laundering Rule, which has been delayed until March 1, 2026.
The service aims to simplify regulatory compliance by handling data collection, validating reportability, communicating with transaction parties, electronically filing required reports, and retaining documents for the mandated period. The company’s solid financial foundation, with a current ratio of 1.78 and consistent dividend payments for 23 consecutive years, positions it well to support this new initiative.
"Our FINCEN Reporting Services platform was built with direct input from industry leaders and compliance experts to provide our title and closing customers with peace of mind in meeting these new regulatory requirements," said Don Booher, Vice President of Stewart Ancillary Services, according to a company press release.
The platform features advanced encryption for data protection, real-time status dashboards, and support for both residential and commercial transactions. Stewart claims the service will reduce manual effort while ensuring secure compliance.
Mark Bauwin, Stewart FinCEN Operations Director, noted that while the service was ready for a December 1 launch, the reporting delay provides additional time to educate customers and refine the platform based on finalized form requirements.
The company will showcase the FRS platform at ALTA ONE, an industry conference running October 7-10. Stewart Information Services provides real estate services including residential and commercial title insurance, closing and settlement services. With its upcoming earnings report scheduled for October 22 and analysts predicting continued profitability, investors can access detailed analysis and additional insights through InvestingPro’s comprehensive research reports, which are available for over 1,400 US stocks.
In other recent news, Stewart Information Services Corporation reported strong second-quarter earnings for 2025, surpassing analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $1.34, exceeding the forecasted $1.23. Revenue reached $722 million, which was above the anticipated $671.9 million. Additionally, Stewart has secured a new $300 million revolving credit facility with a five-year maturity extending to October 2030. This new agreement increases the company’s revolving credit by $100 million compared to its previous facility established in October 2021. The former credit agreement was terminated in connection with the new arrangement. These developments highlight Stewart’s financial growth and strategic financial management.
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