earnings
confidence high
sentiment positive
materiality 0.70
First American Q3 2026 adjusted EPS $1.78 vs $1.70; revenue $2.08B up 5%; dividend raised 11%
First American Financial Corp
- GAAP net income $177.0M, or $1.72 per diluted share, vs $190M/$1.84 a year ago; adjusted net income $183.4M, or $1.78 per share.
- Total revenue $2,084.6M, up 5% YoY (adjusted up 7%); commercial revenue $297.4M up 21%; investment income $169M up 11%.
- Title segment pretax margin 12.4% (12.7% adjusted) vs 12.9%; U.S. direct open orders 175,600 vs 191,300, closed 134,900 vs 141,800.
- Home Warranty pretax income $11.3M, down 30%, margin 9.9% vs 14.1% on higher direct-to-consumer marketing spend; revenue flat at $114.7M.
- Dividend raised 11% to $2.44 annual rate; Q3 buybacks 23,149 shares for $1M at $64.24, plus 143,254 shares for $9M in Q4 through Oct 21.