First American Financial Corp (FAF) Form 10-Q — Oct 22, 2026
First American Financial reported Q3 2026 revenues of $2,084.6 million, up 5.3% year-over-year, but net income attributable to the company slipped to $177.0 million ($1.72 diluted EPS) from $189.6 million ($1.84) a year ago, pressured by higher interest expense and lower investment gains. The growth story remains intact on a nine-month basis: revenues rose 11.8% to $6,039.9 million and net income jumped 27% to $520.6 million ($5.04 diluted EPS vs $3.95), driven by strong commercial transaction revenue (+20.9% in Q3) and average revenue per closed order up 13.2% to $4,304.
Key figures
- Eps
- Diluted $1.72 (Q3 2026) vs $1.84 (Q3 2025); $5.04 (nine months 2026) vs $3.95 (nine months 2025)
- Revenue
- $2,084.6 million (Q3 2026); $6,039.9 million (nine months 2026)
- Net Income
- $177.0 million (Q3 2026); $520.6 million attributable to the Company (nine months 2026)
- Total Debt
- $1,546.8 million notes and contracts payable; $807.5 million secured financings payable
- Revenue Yoy
- +5.3% (Q3); +11.8% (nine months)
- Total Assets
- $17,982.8 million
- Cash Position
- $1,731.1 million at September 30, 2026
- Shares Outstanding
- 102.1 million as of October 19, 2026
- Deposits
- $7,286.0 million (up from $5,292.7 million)
- Q3 dividend per share
- $0.61
- Nine month share repurchases
- $55.5 million (0.9 million shares)
- Q3 pretax margin home warranty
- 9.9%
- Q3 pretax margin title segment
- 12.4%
- Buyback authorization remaining
- $244.5 million of $300 million
- Direct revenue per order closed
- $4,304 (Q3 2026), +13.2% YoY
- Title orders opened per day change
- -8.2% YoY (Q3 2026)
- Accumulated other comprehensive loss
- -$709.2 million (grew from -$256.7 million at year-end 2025)
AI analysis
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