First American Earnings Reports

First American Financial Corporation reported a slight decrease in total revenue, down 1% compared to the first quarter of 2023. Net income remained relatively stable, increasing slightly from $46 million to $47 million. The company highlighted its focus on managing operating expenses and investing in strategic initiatives amidst challenging market conditions in the real estate and mortgage industries.

First American Financial Corporation reported a decrease in total revenue to $1.4 billion, a 15% decrease compared to the previous year. Earnings per diluted share were $0.33, or $0.69 on an adjusted basis. The results were materially impacted by a cybersecurity incident.

First American Financial Corporation reported a decrease in total revenue to $1.5 billion, a 19% decrease compared to the third quarter of 2022. The company experienced a net loss of $2 million, or 2 cents per diluted share. Despite challenging market conditions, the company's focus on expense management and growth in net investment income led to a pretax title margin of 10.5 percent, or 12.0 percent on an adjusted basis.

First American Financial Corporation announced financial results for the second quarter ended June 30, 2023, with a total revenue of $1.6 billion, a 20% decrease compared to the second quarter of 2022. Net income was $139 million, or $1.33 per diluted share, compared to $109 million, or $1.01 per diluted share, in the second quarter of 2022.

First American Financial Corporation reported a decrease in total revenue to $1.4 billion, a 29% drop compared to the previous year. Net income was $46 million, with earnings per diluted share at 44 cents. Despite challenging market conditions, the company's expense management and net investment income growth contributed to a title pretax margin of 6.5 percent.

First American Financial Corporation reported a 29% decrease in total revenue to $1.7 billion for Q4 2022, with earnings per diluted share at $0.52. The company's results were impacted by a cyclical decline in the real estate market, but were partially offset by expense management and growth in investment income. The company returned $658 million to shareholders through share repurchases and dividends in 2022.

First American Financial Corporation reported a decrease in total revenue to $1.8 billion, a 29% decrease compared to the previous year. Net income was $2 million, or 2 cents per diluted share, compared to $445 million, or $4.00 per diluted share, in the third quarter of 2021. The company's results were impacted by net investment losses of $226 million.

First American Financial Corporation reported a decrease in total revenue by 9% to $2.1 billion compared to the second quarter of 2021. Net income decreased to $109 million, or $1.01 per diluted share, from $302 million, or $2.72 per diluted share, in the same quarter of the previous year. Excluding net investment losses, total revenue increased by 1%.

First American Financial Corporation's first quarter 2022 results showed total revenue of $2.0 billion, unchanged compared to the first quarter of 2021. Net income was $98 million, or 88 cents per diluted share, compared to $234 million, or $2.10 per diluted share, in the same period last year. The title segment delivered a pretax margin of 11.0 percent. The company repurchased 1.6 million shares for a total of $108 million at an average price of $69.04.

First American Financial Corporation reported Q4 2021 financial results with total revenue of $2.4 billion, a 10% increase compared to last year. Net income was $260 million, or $2.33 per diluted share.

First American Financial Corporation reported a total revenue of $2.6 billion, up 34 percent compared with last year. Net income in the third quarter was $445.3 million, or $4.00 per diluted share, compared with net income of $182.3 million, or $1.62 per diluted share, in the third quarter of 2020.

First American Financial Corporation reported a strong second quarter with total revenue of $2.3 billion, a 41% increase year-over-year. Net income was $302.3 million, or $2.72 per diluted share, compared to $170.7 million, or $1.52 per diluted share, in the second quarter of 2020. The title segment posted a pretax margin of 19.1 percent, the highest in the company’s history.

First American Financial Corporation reported strong first-quarter results, with a significant increase in total revenue and net income compared to the same period last year. The company's title segment achieved a record pretax margin for the first quarter, driven by strong purchase, refinance, and commercial markets. Strategic venture investments also contributed to the company's financial performance.

First American Financial Corporation reported a 24 percent increase in total revenue to $2.2 billion for the fourth quarter of 2020. Net income was $280.3 million, or $2.49 per diluted share, compared to $224.0 million, or $1.97 per diluted share, in the fourth quarter of 2019. The Title Insurance and Services segment's pretax margin was 18.9 percent.

First American Financial Corporation reported a 15% increase in total revenue to $1.9 billion for the third quarter of 2020. Net income was $182.3 million, or $1.62 per diluted share. The Title Insurance and Services segment achieved a record pretax margin of 19.0 percent.

First American Financial Corporation reported a 7% increase in total revenue to $1.6 billion for the second quarter of 2020. Net income was $170.7 million, or $1.52 per diluted share, compared to $186.7 million, or $1.64 per diluted share, in the second quarter of 2019.

First American Financial Corporation reported a revenue increase of 8% to $1.4 billion for Q1 2020. Net income decreased to $63.2 million, or 55 cents per diluted share, compared to $109.6 million, or 97 cents per diluted share, in Q1 2019, impacted by net realized investment losses.

First American Financial Corporation reported a 22 percent increase in total revenue to $1.7 billion for the fourth quarter of 2019. Net income was $224.0 million, or $1.97 per diluted share. The company's title segment delivered a record annual pretax margin of 16.1 percent, and the specialty insurance segment achieved a pretax margin of 13.2 percent, its highest since 2014.