First American Financial Corporation (FAF) delivers financial services primarily through its diverse subsidiaries. The company's operations are divided into two main divisions: ...
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Est. EPS $1.84 · Revenue $2.12B · 4 analysts
Est. EPS $1.81 · Revenue $2.10B · 4 analysts
Est. EPS $6.96 · Revenue $8.18B · 4 analysts
Est. EPS $1.40 · Revenue $1.97B · 1 analysts
$2.20 per share
$2.20 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $7.4B | +21.6% | -91.4% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $621.8M | +374.3% | +74.7% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +95.6% | +55.8% | -1265.0% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +11.1% | +310.7% | -1265.0% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +8.4% | +289.9% | +1934.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $762.5M | +12.3% | +1070.6% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +10.2% | -7.7% | +11408.4% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 34.7% | -29.7% | -1.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | — | — | — |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $16.2B | +8.9% | +5.6% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 6.00 vs 5.37 | +11.8% | 2.12 vs 1.81 | +16.9% |
| Revenue Surprise | $7.4B vs $7.2B | +3.4% | $12.3M vs $2.0B | -99.4% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jul 24, 2026 | Adams Steven A | officer: VP & Chief Accounting Officer | Common Stock | D | 3,253 | $74.99 |
| Jul 24, 2026 | Adams Steven A | officer: VP & Chief Accounting Officer | Common Stock | D | 0 | $75.43 |
| Jun 22, 2026 | Wajner Matthew F. | officer: EVP, Chief Financial Officer | Common Stock | D | 619 | $68.63 |
| Jun 22, 2026 | Seaton Mark Edward | director, officer: Chief Executive Officer | Common Stock | D | 2,372 | $68.63 |
| Jun 22, 2026 | Cornehl Lisa W | officer: SVP, Chief Legal Officer | Common Stock | D | 160 | $68.63 |
Operator: Greetings, and welcome to the First American Financial Corporation Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. A copy of today's press release is available on First American website at www.firstam.com/investor. Please note that the call is being recorded and will be available for replay from the company's investor website. And for a short time by dialing (877) 660-6.85 thousand. Or (201) 612-7.42 thousand and enter the conference ID 1 millionAnd762 thousand. We will now turn the call over to Craig Barberio, Vice President, Investor Relations, to make an introductory statement. Craig Barberio: Good morning, everyone, and welcome to First American's Earnings Conference Call for the Second Quarter of 2026. Joining us today on the call will be our Chief Executive Officer, Mark Edward Seaton; and Matthew Feivish Wajner, Chief Financial Officer. Some of the statements made today may contain forward-looking statements that do not relate strictly to historical or current fact. These forward-looking statements speak only as of the date they are made and the company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Risks and uncertainties exist that may cause results to differ materially from those set forth in these forward-looking statements. For more information on these risks and uncertainties, please refer to yesterday's earnings release and the risk factors discussed in our Form 10-Ks and subsequent SEC filings. Our presentation today contains certain non GAAP financial measures that we believe provide additional insight into the operational efficiency and performance of the company relative to earlier periods and relative to the company's competitors. For more details on these non GAAP financial measures, including presentation with and reconciliation to the most directly comparable GAAP financials, please refer to yesterday's earnings release, which is available on our website at www.firstam.com. I will now turn the call over to Mark Edward Seaton. Mark Edward Seaton: Thank you, Craig. Our earnings momentum continued in the second quarter as we generated adjusted earnings per share of $2.8, an increase of 36% from the prior year. Commercial continued to be a standout performer. Revenue increased 34%, setting a second quarter record. We closed 14 transactions, generating more than $1 million of premium. Up from 11 a year ago. Within our National Commercial Services Division, demand remains broad based with 10 of 11 asset classes growing year over year. Purchase revenue increased 2% as affordability challenges continue to weigh on existing home sales. Refinance revenue increased 18%, reflecting the brief surge in open orders we experienced at the end of the first quarter when mortgage rates reached their …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Mark Edward Seaton | Chief Executive Officer & Director | USD 3,481,077 | Male | 1978 | Active |
Matthew Feivish Wajner | Executive VP & CFO | USD 1,269,923 | Male | 1976 | Active |
Lisa Walgenbach Cornehl | Chief Legal Officer & Secretary | USD 965,519 | Female | 1979 | Active |
Steven A. Adams | Vice President & Chief Accounting Officer | USD 612,924 | Male | 1970 | Active |
Dennis Joseph Gilmore | Executive Chairman of the Board | USD 305,000 | Male | 1958 | Active |
James Hoggs Rogers | Vice President of Investments | — | Male | — | Active |
Jody Mulkey | Chief Technology Officer | — | Male | — | Active |
Shabnam F. Jalakian | Vice President & Chief Information Security Officer | — | — | — | Active |
Marcus K. Reese | Vice President & Chief Communications Officer | — | Male | — | Active |
Craig Barberio | Vice President of Investor Relations | — | Male | — | Active |
First American Financial remains undervalued at a 10x forward P/E and offers a well-covered 3% dividend yield. FAF's commercial segment drove 15% YoY revenue growth, with record ARPO and expanding trust and 1031 exchange deposits. AI-driven platforms like Endpoint and Sequoia are delivering measurable productivity gains, supporting margin expansion and future competitive advantage.
FAF faces residential pressure from high mortgage rates, but strong commercial title activity and investment income offer support.
SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement, and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that Sally French Tyler, president of First American Title Insurance Company, was named a winner of HousingWire's 2026 Vanguard Award. Tyler joins an exclusive group of two-time winners of the award, as she was previously recognized in 2024. The.
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Caisse de depot et placement du Quebec purchased a new stake in shares of First American Financial Corporation (NYSE: FAF) in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 24,700 shares of the insurance provider's stock, valued at approximately $1,694,000. A number of
