secwatch.observer — SEC 8-K summary
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Issuer:     First American Financial Corp (FAF)
CIK:        0001472787
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0000950170-24-012211
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First American Q4 GAAP EPS $0.33 ($0.69 adj); revenue $1.4B -15% YoY; cited cyber incident
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- GAAP EPS $0.33 vs $0.52; adjusted EPS $0.69 vs $1.41; net income $34.1M.
- Total revenue $1.4B (-15% YoY); adjusted total revenue $1.5B (-18%).
- Title Insurance pretax margin 4.5% (7.5% adj); commercial revenue $172M (-32%).
- Late-Dec cybersecurity incident materially impacted Q4 operations; orders returned to normal.
- Full-year adj EPS $3.80; dividend raised 2% to $2.12 annual rate; repurchased 1.3M shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1472787/000095017024012211/0000950170-24-012211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1472787/000095017024012211/faf-20240207.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-012211

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