Highest-materiality recent filing
First American Q2 2026 EPS $2.12, revenue $2.1B up 15% YoY
EPS $2.12 diluted ($2.08 adjusted) vs $1.41 prior year; net income $218.5M.
FAF shareholders eliminate supermajority voting, declassify board; annual elections by 2029
Eliminated 66 2/3% supermajority voting requirements for director removal and charter/bylaw amendments.
First American Executive Chairman Gilmore cancels 12,980 RSUs and 12,980 PRSUs for no consideration
Dennis J. Gilmore voluntarily cancelled 12,980 unvested RSUs and 12,980 unvested PRSUs granted June 20, 2025.
First American Financial Q1 2026 Revenue $1.8B, EPS $1.21, Adjusted EPS $1.33
Total revenue $1.8 billion, up 16% YoY; net income $125.1M, EPS $1.21 per diluted share.
First American Q4 adjusted EPS $1.99, revenue $2.0B (+22% YoY); full-year EPS $6.00
Q4 2025 net income $212M ($2.05 diluted EPS) vs $72M ($0.69) a year ago; adjusted EPS $1.99.
Martha Wyrsch retires from First American Financial board
Martha Wyrsch retired from the Board of Directors on January 21, 2026.
First American appoints Jeffrey J. Dailey to board of directors
Jeffrey J. Dailey appointed to Board of Directors effective Nov 4, 2025.
First American Q3 net income $190M ($1.84 EPS); raises dividend 2% to $2.20 annual
Net income $189.6M ($1.84 diluted EPS) vs net loss $104M last year; adjusted EPS $1.70.
First American Financial Q2 EPS $1.41 ($1.53 adj); revenue $1.8B, +14% YoY; new $300M buyback
Net income $146M ($1.41 diluted EPS); adjusted net income $158M ($1.53 adj EPS) vs $116M ($1.11) a year ago.
First American sets CEO Seaton base salary at $1M, CFO Wajner at $625K, plus incentive awards
CEO Mark Seaton base salary raised from $725K to $1M, annual cash/RSU bonus targets each increased to $1.8M.
Stockholders approved amendment to Certificate of Incorporation to extend officer exculpation to fullest extent allowed by Delaware law.
First American Financial Q1 earnings beat: net income $74.2M, EPS $0.71, revenue up 11%
Net income $74.2M ($0.71 diluted EPS) vs $46.7M ($0.45) YoY; adjusted net income $87.9M ($0.84 EPS).
First American Financial appoints Seaton as CEO, Wajner as CFO; DeGiorgio out without cause
CFO Mark Seaton promoted to CEO effective April 10, 2025; had been CFO since 2013.
FAF Q4 EPS $0.69 ($1.35 adj), revenue $1.7B +18% YoY; FY EPS $1.26 ($4.40 adj)
Q4 GAAP net income $72.4M ($0.69/dil) vs $34.1M ($0.33) last year; adjusted $141.6M ($1.35).
Net loss of $104M ($1.00 diluted loss); adjusted net income $138M ($1.34 EPS) vs. $1.22 last year.
First American Financial issues $450M 5.450% Senior Notes due 2034
Issued $450 million aggregate principal of 5.450% Senior Notes due 2034.
First American Financial Corp issues $450M of 5.450% Senior Notes due 2034
Issued $450M aggregate principal of 5.450% Senior Notes due 2034.
First American Financial appoints Deborah L. Wahl to Board of Directors
Deborah L. Wahl appointed to board effective Sept. 10, 2024; no committee assignments yet.
Recorded pre-tax realized investment loss of $342 million from sale of debt securities in Q3 2024.
First American Q2 net income $116M ($1.11/diluted); revenue $1.6B, down 2% YoY
Q2 total revenue $1.6B (-2% YoY); net income $116M ($1.11 diluted EPS) vs $138.5M ($1.33) last year.
First American Financial concludes cyber probe; ~44,000 individuals affected
Investigation of unauthorized IT system activity concluded; personal data of ~44,000 individuals potentially accessed.
First American Q1 adjusted EPS $0.45 vs $0.57 YoY; revenue $1.4B down 1%
GAAP net income $46.7M ($0.45 diluted EPS); adjusted net income $46.9M ($0.45).
First American Q4 GAAP EPS $0.33 ($0.69 adj); revenue $1.4B -15% YoY; cited cyber incident
GAAP EPS $0.33 vs $0.52; adjusted EPS $0.69 vs $1.41; net income $34.1M.
First American provides update: cyber incident delayed Q4 transactions, lost revenue to Q1 2024
Company isolated IT systems on Dec 20, 2023; contained incident and resumed business operations.
Dec 20, 2023: Company isolated systems from Internet upon detecting unauthorized activity on IT systems.
Unauthorized activity detected on IT systems; company isolated systems from internet on Dec 20, 2023.
First American Financial amends bylaws to align with DGCL and proxy rules
Updates align with DGCL Sections 219 and 222 regarding stockholder list and meeting adjournment.
First American Q3 adjusted EPS $1.22; revenue $1.5B down 19%; dividend raised 2%
Net loss of $2M ($0.02 diluted loss); adjusted net income $128M ($1.22 diluted).
First American Financial Q2 2023 results announced; financial details not available in filing text
Press release issued July 27, 2023 for quarter ended June 30, 2023.
First American enters new $900M credit facility, upsizes from $700M, matures 2028
New $900M unsecured revolving credit facility entered May 17, 2023, matures May 17, 2028.
First American shareholders approve amended 2020 Incentive Plan with 6.45M shares
A&R Plan effective May 9, 2023; total shares deliverable up to 6,450,000 less shares granted under prior plan after Jan 1, 2020.
First American Q1 revenue down 29% to $1.45B; EPS $0.44 vs $0.88 YoY
Total revenue $1.45B, down 29% YoY; diluted EPS $0.44 vs $0.88; adjusted EPS $0.49 excl. net investment losses.
First American Q4 EPS $0.52 ($1.35 adj); revenue down 29% to $1.69B; net investment losses $114M
Q4 diluted EPS of $0.52 ($1.35 excluding $0.83 net investment losses); revenue $1.685B, down 29% YoY.
First American (FAF) Q3 EPS $0.02; revenue $1.8B down 29%
Diluted EPS $0.02 vs $4.00 last year; adjusted EPS $1.62 excluding $1.60 net investment losses.
First American Q2 EPS $1.01 (adj $1.97); revenue $2.1B -9% YoY; commercial +30%
Net income $109M ($1.01 diluted EPS); adjusted EPS $1.97 excluding $133M net investment losses.
Christopher M. Leavell steps down as COO of First American Title; transition through Dec 31
Leavell ceased as COO of First American Title Insurance Company on July 6, 2022.
First American Appoints Marsha Spence to Board; She Held ~22% Stake in Acquired Mother Lode
Marsha Spence, former CEO/chair of Mother Lode, appointed to board as Class I director effective May 11, 2022.
First American Q1 net income drops 58% to $98M; refi orders down 62%
Diluted EPS $0.88 vs $2.10 YoY; adjusted EPS $1.17 excluding $0.29 net investment losses.
FAF raises CEO DeGiorgio's base salary to $925k, doubles bonus targets for 2022
Base salary increased from $825,000 to $925,000 per year, effective February 4, 2022.
CEO transition: DeGiorgio promoted, Gilmore becomes Chairman; Q4 revenue up 10% to $2.4B, EPS $2.33
Kenneth DeGiorgio promoted to CEO; Dennis Gilmore becomes Chairman, will remain employee through Sept 9, 2022.
First American adopts majority voting for uncontested director elections
Board unanimously approved amendment to Section 3.2 of Bylaws on January 19, 2022.
Jean C. LaTorre resigns from First American Financial Board of Directors
Resignation effective November 4, 2021.
First American Q3 EPS $4.00 (adj. $2.15); revenue $2.56B +34%; commercial title rev +84%
Total revenue $2.56B (+34% YoY); net income $445.3M ($4.00 diluted EPS); adjusted EPS $2.15 excluding net realized gains.
First American issues $650M of 2.400% Senior Notes due 2031
Issued $650M aggregate principal of 2.400% Senior Notes maturing August 15, 2031.
FAF prices $650M 2.400% Senior Notes due 2031; use includes debt repayment
$650M aggregate principal, 2.400% fixed rate, due 2031; expected to close Aug 3, 2021.
Total revenue $2.3B, up 41% YoY; net income $302.3M, diluted EPS $2.72 vs $1.52.
the Board promoted Matthew F. Wajner to the position of Chief Financial Officer, effective as of April 10, 2025.
the Board promoted Mark E. Seaton to the position of Chief Executive Officer and appointed him as a director of the Company, effective as of April 10, 2025.
Kenneth D. DeGiorgio ceased to serve as Chief Executive Officer and a member of the Board of Directors of the Company (the “Board”), effective as of April 10, 2025.
On September 10, 2024, the Board of Directors of First American Financial Corporation (the “Company”) appointed Deborah L. Wahl to the Company’s Board of Directors.
On July 6, 2022, Christopher M. Leavell ceased to serve as chief operating officer, First American Title Insurance Company.
Effective May 11, 2022, Marsha A. Spence was appointed to the Board of Directors of First American Financial Corporation (the “Company”) as a Class I director.
Also on February 4, 2022, Dennis J. Gilmore resigned as the Company’s chief executive officer and was appointed chairman of the Board of Directors.
On February 4, 2022, the Company’s Board of Directors promoted Kenneth D. DeGiorgio to chief executive officer and appointed him as a director of the Company.
On November 4, 2021, Jean C. LaTorre resigned as a member of the Board of Directors of First American Financial Corporation.
Max materiality 0.95 · Median 0.65 · Most common event earnings