First American Financial Corp reported second-quarter 2026 results with revenue of $2.12B and diluted EPS of $2.12, driven by higher title and services revenue and stronger refinance activity compared with the year-ago quarter.
Financial Highlights
- Revenue was $2.12B, compared with $1.84B in the prior-year quarter; YoY change 15%.
- Net income was $218.5M, compared with $146.1M in the prior-year quarter; YoY change 49.5%.
- Diluted EPS was $2.12, compared with $1.41 in the prior-year quarter; YoY change 50.4%.
Business Highlights
- Title & services revenue rose about 16% year over year, led by agent and direct premiums and lifting total revenues to $2.12B in Q2.
- Higher refinance activity boosted direct refinance revenues by 18%, while residential purchase orders declined modestly.
- Operational mix showed slight daily order growth in direct channels (0.7%); commercial and refinance orders were up, purchase orders down.
- Information services, subservicing and non-insured services expanded, supporting recurring revenue and margin resilience.
- Strong operating cash flow and liquidity supported dividends, share repurchases and continued investment in digital settlement capabilities.
Original SEC Filing:
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