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First American(FAF) - 2024 Q1 - Quarterly Results
2024-04-24 20:30
Exhibit 99.1 NEWS FOR IMMEDIATE RELEASE FIRST AMERICAN FINANCIAL REPORTS FIRST QUARTER 2024 RESULTS SANTA ANA, Calif., April 24, 2024 – First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the first quarter ended March 31, 2024. Current Quarter Highlights Selected Financial Information ($ in millions, except per share data) | ...
First American (FAF) Banks on Segmental Growth Amid Cost Woes
Zacks Investment Research· 2024-04-11 14:10
First American Financial Corporation (FAF) is well-poised for growth, driven by higher interest rates in the cash and investment portfolio, improved agent premiums, stronger net realized investment gain and effective capital deployment.The Title Insurance and Services business of First American is expected to gain momentum from improved agent premiums, higher direct premiums and escrow fees, as well as increased domestic residential purchase and commercial transactions.Higher operating revenues in the home ...
Houston-The Woodlands-Sugar Land Home Prices Up 5% Year Over Year in February, According to First American Data & Analytics Monthly Home Price Index Report
Businesswire· 2024-03-19 13:00
SANTA ANA, Calif.--(BUSINESS WIRE)--First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), today released its February 2024 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that segment sale tr ...
New York-Jersey City-White Plains, NY-NJ Home Prices Up 6.3% Year Over Year in February, According to First American Data & Analytics Monthly Home Price Index Report
Businesswire· 2024-03-19 13:00
SANTA ANA, Calif.--(BUSINESS WIRE)--First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), today released its February 2024 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that segment sale tr ...
ServiceMac Recognized by Fannie Mae as a 2023 STAR Performer Award Winner
Businesswire· 2024-02-21 16:00
FORT MILL, S.C.--(BUSINESS WIRE)--ServiceMac, an innovative mortgage subservicer and a member of the First American family of companies, today announced the company has been honored as a Fannie Mae 2023 Servicer Total Achievement and Rewards™ (STAR™) Performer award recipient in the General Servicing category. Fannie Mae’s STAR Program recognizes high-performing mortgage servicers for competency, capacity and overall performance. “We founded ServiceMac to eliminate all of the obstacles servicers face in ...
First American(FAF) - 2023 Q4 - Annual Report
2024-02-20 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34580 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 26-1911571 ...
New York-Jersey City-White Plains, NY-NJ Home Prices Up 6.5% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report
Businesswire· 2024-02-20 14:00
SANTA ANA, Calif.--(BUSINESS WIRE)--First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), today released its January 2024 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that segment sale tra ...
First American Title Named One of the Most Innovative Technology Companies in Real Estate by HousingWire
Businesswire· 2024-02-12 14:00
SANTA ANA, Calif.--(BUSINESS WIRE)--First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), today announced that it was named by HousingWire as a 2024 HW Tech100™ Real Estate winner. The HW Tech100 awards recognize the most innovative and impactful organizations in housing and the transformative impact these companies have made, propelling the real estate sector into new realms of ef ...
First American(FAF) - 2023 Q4 - Earnings Call Transcript
2024-02-08 18:24
First American Financial Corporation (NYSE:FAF) Q4 2023 Earnings Conference Call February 8, 2024 11:00 AM ET Company Participants Craig Barberio - VP, IR Kenneth DeGiorgio - CEO & Director Mark Seaton - EVP & CFO Conference Call Participants Bose George - KBW Terry Ma - Barclays Bank Soham Bhonsle - BTIG John Campbell - Stephens Inc. Geoffrey Dunn - Dowling & Partners Securities Mark Hughes - Truist Securities Mark DeVries - Deutsche Bank Operator Greetings, and welcome to the First American Financial Corp ...
First American (FAF) Q4 Earnings Miss, Revenues Decline Y/Y
Zacks Investment Research· 2024-02-08 17:56
First American Financial Corporation (FAF) reported fourth-quarter 2023 operating income per share of 69 cents, which missed the Zacks Consensus Estimate by 8%. The bottom line declined 48.9% year over year.Operating revenues of $1.4 billion decreased 15.2% year over year due to lower direct premiums and escrow fees, agent premiums, and information and other. However, the top line beat the Zacks Consensus Estimate by 2.8%.The insurer’s mixed results reflect soft performances in the Title Insurance and Servi ...