NYSE$FAF
First American Financial Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
First American Financial reported first quarter 2024 results, with earnings per diluted share of $0.45 and total revenue of $1.4 billion.
First American Financial Corporation reported a slight decrease in total revenue, down 1% compared to the first quarter of 2023. Net income remained relatively stable, increasing slightly from $46 million to $47 million. The company highlighted its focus on managing operating expenses and investing in strategic initiatives amidst challenging market conditions in the real estate and mortgage industries.
- Earnings per diluted share were $0.45, both on a reported and adjusted basis.
- Total revenue was $1.4 billion, a 1% decrease compared to the previous year.
- The Title Insurance and Services segment reported investment income of $117 million, a 6% year-over-year decline.
- The Home Warranty segment achieved a pretax margin of 19.3%.
Headline financials
Revenue & EPS history
First American · Revenue · Quarterly
$1.42B
Revenue by segment
First American · $1.63B total across 2 segments · Q3 2023
- Title Insurance and Services$1.52B-19.0%93.4%
- Home Warranty$108M+3.0%6.6%
Forward guidance
The company anticipates that market challenges will persist throughout the year, expecting modest revenue growth and title margins similar to those achieved in 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.2%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+1.7%
Avg return
30 days after
59%
40 / 68 earnings
Positive
+10.6%
Q1 2020
Best reaction
-7.3%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.5% | +6.1% | +2.5% | |
| Q4 2025 | +2.8% | +5.7% | +2.1% | |
| Q3 2025 | +3.2% | +2.3% | +5.2% | |
| Q2 2025 | -2.1% | -1.8% | +2.5% | |
| Q1 2025 | +4.9% | +2.8% | -6.8% | |
| Q3 2024 | -0.4% | -0.3% | +5.4% | |
| Q2 2024 | -0.2% | +2.9% | +10.2% | |
| Q1 2024 | -6.7% | -6.9% | -5.6% | |
| Q4 2023 | -0.6% | +1.5% | -6.0% | |
| Q3 2023 | +0.3% | +2.8% | +16.1% | |
| Q2 2023 | +4.9% | +5.1% | +0.1% | |
| Q1 2023 | +4.2% | +3.4% | -0.1% | |
| Q4 2022 | -2.2% | -0.6% | -13.9% | |
| Q3 2022 | +8.5% | +8.4% | +17.3% | |
| Q2 2022 | +2.0% | -1.5% | -0.1% | |
| Q1 2022 | -3.0% | +0.3% | +0.8% | |
| Q4 2021 | -7.3% | -7.4% | -12.2% | |
| Q3 2021 | -0.5% | +0.2% | +4.7% | |
| Q2 2021 | +3.1% | +2.8% | +8.0% | |
| Q1 2021 | +3.8% | +6.3% | +6.1% | |
| Q4 2020 | +3.0% | +2.6% | +5.6% | |
| Q3 2020 | -6.1% | -9.7% | -1.8% | |
| Q2 2020 | -2.5% | -6.0% | -8.7% | |
| Q1 2020 | +10.6% | +17.1% | +21.8% | |
| Q4 2019 | +5.0% | +5.4% | -13.9% | |
| Q3 2019 | +2.9% | +1.4% | +3.6% | |
| Q2 2019 | +3.5% | +4.2% | +3.2% | |
| Q1 2019 | +3.0% | +1.5% | -1.7% | |
| Q4 2018 | -1.6% | -2.7% | -3.7% | |
| Q3 2018 | +1.2% | +3.7% | +7.8% | |
| Q2 2018 | +3.2% | +2.8% | +3.9% | |
| Q1 2018 | -5.7% | -5.0% | -1.0% | |
| Q4 2017 | -4.7% | +0.1% | +3.7% | |
| Q3 2017 | +4.5% | +6.6% | +7.8% | |
| Q2 2017 | +5.6% | +4.7% | +4.6% | |
| Q1 2017 | +6.5% | +4.2% | +5.7% | |
| Q4 2016 | -0.3% | +0.1% | -3.4% | |
| Q3 2016 | -3.3% | -2.0% | -4.6% | |
| Q2 2016 | +2.1% | +0.6% | +1.9% | |
| Q1 2016 | -0.9% | — | — | |
| Q4 2015 | +9.8% | — | — | |
| Q3 2015 | -0.2% | — | — | |
| Q2 2015 | +4.5% | — | — | |
| Q1 2015 | +3.0% | — | — | |
| Q4 2014 | +5.6% | — | — | |
| Q3 2014 | +4.4% | — | — | |
| Q2 2014 | -2.2% | — | — | |
| Q1 2014 | +3.4% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | +0.6% | — | — | |
| Q2 2013 | +2.0% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | -0.8% | — | — | |
| Q3 2012 | -1.7% | — | — | |
| Q2 2012 | +4.3% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2008 | +3.3% | — | — | |
| Q4 2011 | +3.3% | — | — | |
| Q3 2011 | +4.3% | — | — | |
| Q2 2011 | -3.7% | — | — | |
| Q1 2010 | -1.6% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q4 2010 | -1.0% | — | — | |
| Q3 2010 | +2.8% | — | — | |
| Q3 2009 | +2.8% | — | — | |
| Q2 2010 | -2.8% | — | — | |
| Q2 2009 | -2.8% | — | — | |
| Q4 2009 | -2.8% | — | — |
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