First American Financial (FAF) Company Report

First American Data & Analytics reported that national house prices declined 0.2 percent month-over-month (December 2025 to January 2026) and increased 0.4 percent year-over-year (January 2025 to January 2026).
Annual house price appreciation remained below 1 percent for the sixth consecutive month in January 2026, indicating a subdued market.
Twenty-three of the top 30 markets recorded annual declines, with Midwestern and Northeastern markets leading appreciation and Western markets experiencing the largest annual decreases.
The report notes that soft price growth and rising household incomes are gradually improving affordability for buyers.

Feb 19, 2026, 2:00 PM

Press Release

First American Financial Reports Strong Q4 2025 Adjusted EPS and Commercial Growth

FAF

Earnings

Guidance Update

New Projects/Investments

First American Financial reported adjusted EPS of $1.99 in Q4 2025, a 47% improvement from the prior year, primarily driven by a 35% increase in commercial revenue. The company expects record commercial revenue in 2026.
While the residential market remained challenging with purchase revenue down 4% in Q4 2025, refinance revenue grew 47%, and refinance open orders were up 72% in January 2026.
The company is advancing its AI-powered technology initiatives, launching Endpoint in one office and Sequoia AI in four markets, which has achieved 40% automation rates for refinance search and examination functions. These platforms are expected to provide a competitive advantage and improve operating leverage.
FAF gained 90 basis points of organic market share over the last 12 months and returned 56% of its net income to shareholders in 2025 through dividends and buybacks.

Feb 12, 2026, 4:00 PM

Transcript

First American Financial Reports Strong Q4 2025 Results with Significant Commercial Growth and Positive 2026 Outlook

FAF

Earnings

Guidance Update

New Projects/Investments

First American Financial reported Q4 2025 adjusted EPS of $1.99, a 47% improvement from the prior year, and GAAP EPS of $2.05 per diluted share, which included $28 million in one-time benefits. The Title segment's adjusted revenue increased 14% to $1.9 billion, primarily driven by a 35% rise in commercial revenue to $339 million.
For 2026, the company anticipates a record revenue year for commercial business and expects improvement in the residential purchase market. Refinance activity shows promise, with January open orders up 72%. Investment income for the title segment is projected to be roughly flat with 2025.
First American is advancing its technology initiatives, rolling out new AI-powered platforms like Endpoint and Sequoia AI, which are expected to provide long-term margin improvement and have achieved 40% automation rates in initial markets for search and examination functions. The company also gained 90 basis points of organic market share over the last 12 months.

Feb 12, 2026, 4:00 PM

Transcript

First American Financial Reports Strong Q4 2025 Results and Positive 2026 Commercial Outlook

FAF

Earnings

Guidance Update

New Projects/Investments

First American Financial reported Q4 2025 adjusted EPS of $1.99, a 47% improvement from the prior year, with the title segment's adjusted revenue increasing 14% to $1.9 billion.
The company anticipates a record commercial revenue year in 2026, surpassing its 2022 peak, driven by a strong pipeline and increased refinance activity, while residential purchase revenue is expected to improve modestly.
Strategic investments in AI-powered platforms, Endpoint and Sequoia, are showing early success, including 40% automation rates for search and examination in certain markets, with plans for national rollout over the next two years to improve operating leverage and potentially exceed the 60% success ratio target.
Capital allocation priorities include investing in the core business, opportunistic M&A, and returning capital to shareholders, with 56% of net income returned in 2025 through dividends and buybacks.

Feb 12, 2026, 4:00 PM

Transcript

First American Financial Reports Q4 and Full Year 2025 Results

FAF

Earnings

Revenue Acceleration/Inflection

Guidance Update

First American Financial reported strong financial results for the fourth quarter of 2025, with total revenue reaching $2.0 billion, an increase of 22 percent compared to the prior year, and diluted earnings per share of $2.05.
For the full year 2025, the company's total revenue was $7.5 billion, also up 22 percent from the previous year, and diluted earnings per share stood at $6.00.
The company's commercial revenues in Q4 2025 were $339 million, representing a 35 percent increase year-over-year, contributing to a Title Insurance and Services segment pretax margin of 14.9 percent.
In 2025, First American Financial repurchased 2.1 million shares for a total of $122 million and raised its common stock dividend by 2 percent to an annual rate of $2.20 per share.
Looking ahead to 2026, the company anticipates an improving real estate market, expecting a record year in its commercial business, moderate growth in purchase, and a meaningful pickup in refinance activity.

Feb 11, 2026, 9:15 PM

8-K

First American Financial Reports Q4 and Full Year 2025 Results

FAF

Earnings

Revenue Acceleration/Inflection

Share Buyback

First American Financial reported total revenue of $2.0 billion for the fourth quarter of 2025, a 22 percent increase compared to the prior year, with diluted earnings per share of $2.05.
For the full year 2025, total revenue reached $7.5 billion, up 22 percent from the previous year, and diluted earnings per share were $6.00.
Commercial revenues showed strong growth, increasing 35 percent to $339 million in Q4 2025 and 32 percent to $1.0 billion for the full year.
The company returned value to shareholders by repurchasing 2.1 million shares for $122 million and raising its common stock dividend by 2 percent to an annual rate of $2.20 per share.
Management anticipates an improving real estate market in 2026, projecting a record year for its commercial business and a meaningful pickup in refinance activity.

Feb 11, 2026, 9:15 PM

Press Release

First American Data & Analytics Reports 2025 Home Price Index

FAF

Demand Weakening

National house prices were nearly unchanged in 2025, with annual price growth at 0.5 percent in December 2025, marking the slowest pace since 2012.
Annual house price appreciation remained below 1 percent for the fifth consecutive month in December 2025, with a month-over-month decrease of -0.2 percent from November to December 2025.
Prices are flat or declining in 20 out of 30 tracked markets, with year-over-year gains concentrated in the Northeast or Midwest where supply remains tighter.
Oakland, Calif. experienced the largest year-over-year decrease in HPI at -6.0 percent, while Warren, Mich. saw the greatest increase at +4.2 percent in December 2025.

Jan 20, 2026, 2:00 PM

Press Release

First American Data & Analytics Releases November 2025 Home Price Index Report

FAF

Demand Weakening

First American Data & Analytics reported that national house price growth stabilized in low single digits, with annual appreciation remaining below 1 percent for the fourth consecutive month in November 2025.
The national Home Price Index (HPI) showed a -0.2 percent month-over-month change from October to November 2025 and a +0.7 percent year-over-year change from November 2024 to November 2025.
Local market performance varied widely, with a growing divide between Rust Belt and Sun Belt markets; for instance, Pittsburgh saw a +6.9 percent year-over-year increase, while Oakland, Calif., experienced a -6.9 percent decrease.
Chief Economist Mark Fleming stated that slower price growth offers buyers affordability breathing room, and with wage growth exceeding house price growth, affordability is poised to continue slowly improving.

Dec 18, 2025, 2:00 PM

Press Release

First American Financial Corporation Reports Strong Q3 2025 Earnings Amidst Mixed Market Conditions

FAF

Earnings

New Projects/Investments

Share Buyback

First American Financial Corporation reported adjusted earnings per share of $1.70 and adjusted consolidated revenue growth of 14% for Q3 2025, with adjusted EPS increasing 27%.
The commercial business delivered strong performance, with revenue up 29% and a record average revenue per order of $16,000, while the residential market faced challenges, including a 2% decline in purchase revenue.
The company is progressing with its AI-driven platforms, Endpoint and Sequoia, with Endpoint's first office rollout in December and Sequoia's first purchase transaction planned for Q1 2026, aiming for significant productivity gains.
FAF increased its common stock dividend by 2% to an annual rate of $2.20 per share and repurchased $34 million in shares during Q3 2025, though the buyback program is currently paused. Investment income is projected to be down slightly sequentially in Q4 2025 and down year over year in 2026 due to expected rate cuts.

Oct 23, 2025, 3:00 PM

Transcript

First American Financial Corporation Reports Strong Q3 2025 Earnings Amidst Mixed Market Conditions

FAF

Earnings

Product Launch

Share Buyback

First American Financial Corporation reported adjusted earnings per share of $1.70 for Q3 2025, marking a 27% increase year-over-year, with adjusted consolidated revenue growing 14%.
The commercial business delivered strong performance, with revenue up 29% and a record average revenue per order of over $16,000 per closing, while the residential market saw purchase revenue decline 2%.
The company is advancing its AI-driven technology platforms, Endpoint and Sequoia, with Endpoint's first office rollout scheduled for December and Sequoia's first purchase transaction planned for Q1 2026.
Investment income increased 12% to $153 million in Q3 2025, though it is projected to be slightly down sequentially in Q4 2025 and potentially lower year-over-year in 2026 due to expected rate cuts.
First American raised its annual common stock dividend by 2% to $2.20 per share and repurchased 598,000 shares for $34 million in Q3, but has temporarily paused its buyback program.