FAF Stock - First American Financial Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $6.12B | $6.00B | $7.59B | $9.21B | $7.08B |
| Gross Profit | $3.76B | $3.71B | $4.28B | $5.64B | $4.32B |
| Gross Margin | 61.4% | 61.8% | 56.3% | 61.2% | 61.0% |
| Operating Income | $165.40M | $274.40M | $325.70M | $1.64B | $923.00M |
| Net Income | $131.10M | $216.80M | $263.00M | $1.24B | $696.00M |
| Net Margin | 2.1% | 3.6% | 3.5% | 13.5% | 9.8% |
| EPS | $1.26 | $2.08 | $2.46 | $11.18 | $6.18 |
First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services. This segment also provides closing and/or escrow services; products, services, and solutions to mitigate risk or otherwise facilitate real estate transactions; and appraisals and other valuation-related products and services, lien release and document custodial services, warehouse lending services, default-related products and services, mortgage subservicing, and related products and services, as well as banking, trust, and wealth management services. In addition, it accommodates tax-deferred exchanges of real estate; and maintains, manages, and provides access to title plant data and records. This segment offers its products through a network of direct operations and agents in 49 states and in the District of Columbia, as well as in Canada, the United Kingdom, Australia, South Korea, and internationally. The Specialty Insurance segment provides property and casualty insurance comprising coverage to residential homeowners and renters for liability losses and typical hazards, such as fire, theft, vandalism, and other types of property damage. It also offers residential service contracts that cover residential systems, such as heating and air conditioning systems, and appliances against failures that occur as the result of normal usage during the coverage period. First American Financial Corporation was founded in 1889 and is headquartered in Santa Ana, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 14th 2025 | Stephens | Resumed | Equal Weight | - |
| April 8th 2025 | Keefe Bruyette | Upgrade | Outperform | $75 |
| December 10th 2024 | Keefe Bruyette | Downgrade | Market Perform | $80 |
| March 21st 2024 | Keefe Bruyette | Upgrade | Outperform | $69← $66 |
| January 10th 2024 | Deutsche Bank | Initiation | Buy | - |
| November 15th 2023 | Barclays | Initiation | Equal Weight | $53 |
| July 18th 2023 | BTIG Research | Resumed | Neutral | - |
| February 10th 2023 | Stephens | Upgrade | Overweight | $72← $65 |
| December 15th 2022 | Keefe Bruyette | Downgrade | Market Perform | $61 |
Earnings History & Surprises
FAFEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 21, 2026 | — | — | — | — |
Q1 2026 | Feb 11, 2026 | $1.45 | — | — | — |
Q4 2025 | Oct 22, 2025 | $1.42 | $1.70 | +19.7% | ✓ BEAT |
Q3 2025 | Jul 23, 2025 | $1.40 | $1.53 | +9.3% | ✓ BEAT |
Q2 2025 | Apr 23, 2025 | $0.64 | $0.84 | +30.4% | ✓ BEAT |
Q1 2025 | Feb 12, 2025 | $1.13 | $1.35 | +19.5% | ✓ BEAT |
Q4 2024 | Oct 23, 2024 | $1.15 | $1.34 | +16.5% | ✓ BEAT |
Q3 2024 | Jul 24, 2024 | $1.16 | $1.27 | +9.5% | ✓ BEAT |
Q2 2024 | Apr 24, 2024 | $0.59 | $0.45 | -23.7% | ✗ MISS |
Q1 2024 | Feb 7, 2024 | $0.75 | $0.69 | -8.0% | ✗ MISS |
Q4 2023 | Oct 26, 2023 | $1.09 | $1.22 | +11.9% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $1.01 | $1.35 | +33.7% | ✓ BEAT |
Q2 2023 | Apr 27, 2023 | $0.70 | $0.49 | -30.0% | ✗ MISS |
Q1 2023 | Feb 9, 2023 | $1.45 | $1.35 | -6.9% | ✗ MISS |
Q4 2022 | Oct 27, 2022 | $1.50 | $1.62 | +8.0% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $1.62 | $1.97 | +21.6% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $1.21 | $1.17 | -3.3% | ✗ MISS |
Q1 2022 | Feb 10, 2022 | $1.78 | $2.28 | +28.1% | ✓ BEAT |
Q4 2021 | Oct 21, 2021 | $1.66 | $2.15 | +29.5% | ✓ BEAT |
Q3 2021 | Jul 22, 2021 | $1.67 | $2.13 | +27.5% | ✓ BEAT |
Latest News
Keefe, Bruyette & Woods Maintains Outperform on First American Financial, Raises Price Target to $81
📈 PositiveTruist Securities Maintains Buy on First American Financial, Raises Price Target to $76
📈 PositiveFirst American Financial Q3 Adj. EPS $1.70 Beats $1.45 Estimate, Sales $1.979B Beat $1.865B Estimate
📈 PositiveBarclays Maintains Equal-Weight on First American Financial, Raises Price Target to $71
➖ NeutralFirst American Increases Its Quarterly Dividend From $0.54 To $0.55
📈 PositiveFrequently Asked Questions about FAF
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