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First American Financial (FAF) Financials

First American Financial logo
$67.48 +0.62 (+0.93%)
As of 10:22 AM Eastern
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Annual Income Statements for First American Financial

Annual Income Statements for First American Financial

This table shows First American Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 288 343 423 474 707 696 1,241 263 217 131 622
Consolidated Net Income / (Loss)		 289 343 422 476 710 700 1,249 265 216 133 625
Net Income / (Loss) Continuing Operations		 289 343 422 476 710 700 1,249 265 216 133 625
Total Pre-Tax Income 		433 478 445 610 905 923 1,641 326 274 165 826
Total Revenue		 5,175 5,576 5,772 5,707 6,154 7,029 9,148 7,512 5,871 5,979 7,295
Net Interest Income / (Expense)		 0.00 0.00 0.00 -41 -48 -57 -72 -93 -133 -150 -157
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 41 48 57 72 93 133 150 157
Long-Term Debt Interest Expense		 - - - 41 48 57 72 93 133 150 157
Total Non-Interest Income		 5,175 5,576 5,772 5,748 6,202 7,086 9,221 7,605 6,004 6,128 7,452
Other Service Charges		 673 724 776 781 788 1,013 1,215 1,149 939 961 1,088
Net Realized & Unrealized Capital Gains on Investments		 94 149 174 174 382 326 650 -176 364 159 642
Premiums Earned		 4,408 4,703 4,823 4,793 5,032 5,747 7,356 6,632 4,701 5,008 5,722
Total Non-Interest Expense		 4,743 5,098 5,327 5,097 5,249 6,106 7,507 7,187 5,597 5,813 6,469
Salaries and Employee Benefits		 3,252 3,457 3,587 3,549 3,680 4,125 5,337 5,169 3,941 4,104 4,634
Property & Liability Insurance Claims		 555 555 520 522 517 658 689 577 400 388 408
Other Operating Expenses		 850 988 1,092 900 923 1,119 1,323 1,272 1,067 1,113 1,211
Depreciation Expense		 86 99 128 126 129 149 158 168 189 207 216
Income Tax Expense		 144 134 23 134 195 223 392 60 59 33 201
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.78 0.48 -1.19 1.40 3.00 4.00 8.00 2.30 -1.30 1.50 3.40
Basic Earnings per Share		 $2.65 $3.10 $3.79 $4.21 $6.26 $6.18 $11.18 $2.46 $2.08 $1.26 $6.02
Weighted Average Basic Shares Outstanding		 108.43M 110.55M 111.67M 112.61M 113.10M 112.70M 111M 107M 104.30M 103.90M 103.30M
Diluted Earnings per Share		 $2.62 $3.09 $3.76 $4.19 $6.22 $6.16 $11.14 $2.45 $2.07 $1.26 $6.00
Weighted Average Diluted Shares Outstanding		 109.83M 111.16M 112.44M 113.28M 113.70M 113M 111.40M 107.30M 104.60M 104.30M 103.70M
Weighted Average Basic & Diluted Shares Outstanding		 108.70M 110.60M 111.60M 112.70M 112.51M 109.85M 109.34M 103.13M 103.10M 102.80M 101.90M
Cash Dividends to Common per Share		 $1.00 $1.20 $1.44 $1.60 $1.68 $1.78 $1.94 $2.06 $2.10 $2.14 $2.18

Quarterly Income Statements for First American Financial

This table shows First American Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -1.70 34 47 116 -104 72 74 146 190 212 125
Consolidated Net Income / (Loss)		 -1.20 34 47 116 -103 73 75 147 190 213 125
Net Income / (Loss) Continuing Operations		 -1.20 34 47 116 -103 73 75 147 190 213 125
Total Pre-Tax Income 		-1.70 38 58 152 -144 100 97 195 247 287 162
Total Revenue		 1,445 1,396 1,390 1,577 1,370 1,641 1,547 1,803 1,939 2,006 1,796
Net Interest Income / (Expense)		 -36 -33 -34 -35 -36 -44 -35 -38 -40 -44 -42
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 36 33 34 35 36 44 35 38 40 44 42
Long-Term Debt Interest Expense		 36 33 34 35 36 44 35 38 40 44 42
Total Non-Interest Income		 1,481 1,429 1,425 1,612 1,406 1,685 1,582 1,841 1,979 2,050 1,838
Other Service Charges		 246 216 223 247 248 244 242 270 282 294 275
Net Realized & Unrealized Capital Gains on Investments		 -25 105 137 117 -165 71 124 151 190 177 143
Premiums Earned		 1,260 1,109 1,065 1,249 1,324 1,371 1,216 1,421 1,507 1,579 1,420
Total Non-Interest Expense		 1,447 1,358 1,332 1,425 1,514 1,542 1,451 1,608 1,692 1,718 1,634
Salaries and Employee Benefits		 1,017 957 933 1,001 1,070 1,100 1,032 1,145 1,215 1,242 1,170
Property & Liability Insurance Claims		 109 89 83 95 111 99 88 101 113 107 99
Other Operating Expenses		 274 262 266 277 280 291 278 309 309 314 310
Depreciation Expense		 47 50 50 52 53 52 53 53 55 56 55
Income Tax Expense		 -0.50 4.10 12 35 -41 27 22 48 57 74 37
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.50 0.20 0.00 0.40 0.60 0.50 0.60 1.00 0.30 1.50 -0.30
Basic Earnings per Share		 ($0.02) $0.33 $0.45 $1.11 ($1.00) $0.70 $0.72 $1.41 $1.84 $2.05 $1.21
Weighted Average Basic Shares Outstanding		 104.20M 104.30M 104.10M 104.10M 103.60M 103.90M 103.80M 103.50M 102.80M 103.30M 103M
Diluted Earnings per Share		 ($0.02) $0.32 $0.45 $1.11 ($1.00) $0.70 $0.71 $1.41 $1.84 $2.04 $1.21
Weighted Average Diluted Shares Outstanding		 104.20M 104.60M 104.40M 104.30M 103.60M 104.30M 104.20M 103.80M 103.10M 103.70M 103.30M
Weighted Average Basic & Diluted Shares Outstanding		 103.18M 103.10M 103.72M 102.89M 103.00M 102.80M 102.90M 101.80M 101.90M 101.90M 101.90M
Cash Dividends to Common per Share		 $0.53 $0.53 $0.53 $0.53 $0.54 $0.54 $0.54 $0.54 $0.55 $0.55 $0.55

Annual Cash Flow Statements for First American Financial

This table details how cash moves in and out of First American Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -163 -21 373 80 19 -211 -48 -4.50 2,382 -1,887 -331
Net Cash From Operating Activities		 551 489 632 793 913 1,085 1,220 778 354 898 951
Net Cash From Continuing Operating Activities		 551 489 632 793 913 1,085 1,220 778 354 898 951
Net Income / (Loss) Continuing Operations		 289 343 422 476 710 700 1,249 265 216 133 625
Consolidated Net Income / (Loss)		 289 343 422 476 710 700 1,249 265 216 133 625
Depreciation Expense		 86 99 128 126 129 149 158 168 189 207 216
Amortization Expense		 28 28 31 27 27 39 47 19 8.60 -3.00 -45
Non-Cash Adjustments to Reconcile Net Income		 61 19 12 102 2.00 72 -307 667 214 340 -16
Changes in Operating Assets and Liabilities, net		 87 -0.22 39 63 45 125 73 -341 -272 221 170
Net Cash From Investing Activities		 -974 -610 -387 -1,221 -452 -1,415 -3,393 -393 600 -459 -1,456
Net Cash From Continuing Investing Activities		 -974 -610 -387 -1,221 -452 -1,415 -3,393 -393 600 -459 -1,456
Purchase of Investment Securities		 -2,274 -2,302 -2,054 -5,625 -10,576 -21,045 -32,622 -19,339 -15,068 -35,750 -48,517
Sale of Property, Leasehold Improvements and Equipment		 17 9.22 9.98 2.63 1.00 14 18 6.80 0.10 0.60 0.60
Sale and/or Maturity of Investments		 1,287 1,682 1,809 4,516 10,130 19,615 29,226 18,947 15,660 35,326 47,051
Other Investing Activities, net		 -4.39 0.71 -18 3.36 -7.00 1.00 -15 -7.70 7.90 -35 9.50
Net Cash From Financing Activities		 266 107 128 515 -445 113 2,126 -376 1,423 -2,309 161
Net Cash From Continuing Financing Activities		 266 107 128 515 -445 113 2,126 -376 1,423 -2,309 161
Net Change in Deposits		 366 80 291 716 -449 -60 1,792 451 1,788 -2,260 245
Issuance of Debt		 0.00 160 0.00 2,381 8,152 16,006 25,244 15,533 13,384 28,852 44,062
Repayment of Debt		 -5.24 -5.17 -5.54 -2,380 -7,956 -15,491 -24,599 -15,702 -13,453 -28,622 -43,804
Repurchase of Common Equity		 0.00 -0.45 0.00 -19 -2.00 -139 -99 -441 -73 -69 -122
Payment of Dividends		 -109 -132 -159 -178 -188 -199 -213 -218 -217 -221 -223
Other Financing Activities, Net		 14 3.49 1.76 -4.85 -2.00 -4.00 2.00 0.30 -6.70 9.40 3.80
Effect of Exchange Rate Changes		 -6.02 -7.24 - -7.37 3.00 6.00 -0.40 -13 4.90 -17 13
Cash Interest Paid		 29 30 34 39 46 54 64 87 124 151 152
Cash Income Taxes Paid		 89 116 126 92 179 193 340 193 122 46 83

Quarterly Cash Flow Statements for First American Financial

This table details how cash moves in and out of First American Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -667 2,026 -2,099 542 905 -1,235 327 -14 880 -1,524 1,049
Net Cash From Operating Activities		 219 -42 69 267 237 325 -53 362 273 369 5.60
Net Cash From Continuing Operating Activities		 219 -42 69 267 237 325 -53 362 273 369 5.60
Net Income / (Loss) Continuing Operations		 -1.20 34 47 116 -103 73 75 147 190 213 125
Consolidated Net Income / (Loss)		 -1.20 34 47 116 -103 73 75 147 190 213 125
Depreciation Expense		 47 50 50 52 53 52 53 53 55 56 55
Amortization Expense		 2.70 3.00 2.10 1.90 1.10 -8.10 -10 -11 -13 -11 -13
Non-Cash Adjustments to Reconcile Net Income		 148 57 -53 17 293 82 36 6.50 -20 -38 41
Changes in Operating Assets and Liabilities, net		 23 -186 24 79 -7.20 126 -206 166 61 149 -202
Net Cash From Investing Activities		 -61 415 -231 101 -295 -33 -235 -723 -354 -145 -816
Net Cash From Continuing Investing Activities		 -61 415 -231 101 -295 -33 -235 -723 -354 -145 -816
Purchase of Investment Securities		 -4,163 -3,565 -5,214 -6,407 -13,856 -10,273 -8,393 -11,738 -12,084 -16,303 -16,611
Sale of Property, Leasehold Improvements and Equipment		 - - 0.00 - - 0.60 0.10 - 0.50 - 0.00
Sale and/or Maturity of Investments		 4,103 3,978 5,005 6,487 13,559 10,275 8,136 11,031 11,728 16,157 15,800
Other Investing Activities, net		 -0.60 1.80 -23 21 2.90 -35 23 -17 1.60 1.50 -4.60
Net Cash From Financing Activities		 -820 1,648 -1,932 175 957 -1,509 612 336 965 -1,752 1,863
Net Cash From Continuing Financing Activities		 -820 1,648 -1,932 175 957 -1,509 612 336 965 -1,752 1,863
Net Change in Deposits		 -696 1,695 -2,005 313 346 -914 613 299 858 -1,525 1,789
Issuance of Debt		 3,693 3,314 4,733 5,976 9,225 8,918 7,593 10,479 11,214 14,777 15,026
Repayment of Debt		 -3,750 -3,293 -4,598 -6,025 -8,546 -9,454 -7,501 -10,332 -11,021 -14,950 -14,854
Repurchase of Common Equity		 -9.30 -18 -3.50 -41 -16 -8.20 -28 -61 -34 - -34
Payment of Dividends		 -55 -55 -55 -55 -56 -56 -56 -55 -56 -56 -56
Other Financing Activities, Net		 -3.00 3.70 -3.90 5.70 4.00 3.60 -8.10 5.30 3.30 3.30 -8.50
Effect of Exchange Rate Changes		 -5.00 5.20 -4.60 -0.30 5.90 -18 2.00 12 -3.40 2.50 -3.70
Cash Interest Paid		 29 35 36 42 31 41 41 31 43 37 45
Cash Income Taxes Paid		 9.00 100 16 8.30 18 16 13 23 36 11 10

Annual Balance Sheets for First American Financial

This table presents First American Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 8,237 8,832 9,573 10,631 11,519 12,796 16,451 14,955 16,803 14,909 16,229
Cash and Due from Banks		 1,027 1,006 1,387 1,467 1,486 1,275 1,228 1,224 3,605 1,718 1,387
Interest Bearing Deposits at Other Banks		 23 21 41 36 44 46 58 63 56 85 79
Trading Account Securities		 4,601 4,957 5,219 6,067 6,306 7,105 10,538 8,924 7,893 7,957 9,316
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 257 300 311 326 324 385 441 367 509 375 433
Premises and Equipment, Net		 946 998 1,008 1,035 1,022 1,030 1,093 1,277 1,402 1,419 1,369
Goodwill		 964 1,017 1,113 1,144 1,151 1,379 1,588 1,798 1,808 1,804 1,819
Intangible Assets		 48 79 100 109 92 194 218 194 154 125 100
Other Assets		 370 452 393 445 1,094 1,382 1,287 1,109 1,376 1,425 1,726
Total Liabilities & Shareholders' Equity		 8,237 8,832 9,573 10,631 11,519 12,796 16,451 14,955 16,803 14,909 16,229
Total Liabilities		 5,484 5,817 6,090 6,885 7,094 7,874 10,668 10,274 11,940 9,982 10,705
Non-Interest Bearing Deposits		 2,699 2,779 3,071 3,786 3,337 3,277 5,069 5,520 7,308 5,048 5,293
Other Short-Term Payables		 237 253 263 247 277 - - - - - 1,003
Long-Term Debt		 581 737 733 808 1,007 1,527 2,186 2,012 1,947 2,190 2,452
Claims and Claim Expense		 984 1,026 1,029 1,043 1,063 1,178 1,284 1,325 1,282 1,193 1,170
Other Long-Term Liabilities		 983 1,022 995 1,001 1,410 1,892 2,129 1,417 1,402 1,550 788
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,753 3,014 3,483 3,745 4,425 4,922 5,783 4,681 4,863 4,927 5,524
Total Preferred & Common Equity		 2,750 3,008 3,480 3,742 4,420 4,910 5,767 4,658 4,848 4,909 5,500
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 2,750 3,008 3,480 3,742 4,420 4,910 5,767 4,658 4,848 4,909 5,500
Common Stock		 2,151 2,192 2,236 2,258 2,301 2,215 2,179 1,812 1,793 1,788 1,744
Retained Earnings		 838 1,047 1,311 1,644 2,161 2,655 3,680 3,714 3,711 3,617 4,012
Accumulated Other Comprehensive Income / (Loss)		 -239 -230 -68 -161 -41 40 -92 -869 -656 -496 -257
Noncontrolling Interest		 3.16 6.17 3.07 3.51 4.52 12 16 23 15 19 25

Quarterly Balance Sheets for First American Financial

This table presents First American Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 16,486 15,384 15,731 14,678 14,698 15,157 16,566 15,497 16,274 17,610 17,937
Cash and Due from Banks		 2,361 1,983 2,246 1,579 1,506 2,049 2,953 2,045 2,031 2,912 2,436
Interest Bearing Deposits at Other Banks		 61 54 56 55 77 56 55 63 83 80 82
Trading Account Securities		 8,917 8,399 8,322 7,936 7,787 7,791 7,740 8,121 8,734 8,991 9,848
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 397 367 385 389 366 404 391 377 413 447 398
Premises and Equipment, Net		 1,205 1,307 1,344 1,379 1,422 1,441 1,455 1,414 1,398 1,378 1,359
Goodwill		 1,811 1,805 1,802 1,800 1,807 1,808 1,811 1,810 1,814 1,819 1,818
Intangible Assets		 205 185 174 162 148 137 135 122 115 106 95
Other Assets		 1,529 1,284 1,402 1,377 1,585 1,471 2,027 1,547 1,686 1,879 1,900
Total Liabilities & Shareholders' Equity		 16,486 15,384 15,731 14,678 14,698 15,157 16,566 15,497 16,274 17,610 17,937
Total Liabilities		 11,955 10,605 10,944 10,136 9,892 10,325 11,456 10,457 11,125 12,285 12,424
Non-Interest Bearing Deposits		 6,728 6,150 6,309 5,613 5,303 5,616 5,962 5,661 5,960 6,818 7,082
Other Short-Term Payables		 1,115 721 790 811 745 907 897 724 884 947 793
Long-Term Debt		 1,988 1,897 1,979 1,923 2,085 2,041 2,726 2,282 2,431 2,624 2,624
Claims and Claim Expense		 1,314 1,315 1,322 1,300 1,262 1,252 1,230 1,188 1,189 1,179 1,166
Other Long-Term Liabilities		 810 522 544 490 497 508 641 602 661 717 760
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 4,531 4,779 4,787 4,542 4,806 4,833 5,111 5,041 5,149 5,325 5,512
Total Preferred & Common Equity		 4,508 4,757 4,772 4,527 4,787 4,814 5,092 5,019 5,126 5,301 5,490
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 4,508 4,757 4,772 4,527 4,787 4,814 5,092 5,019 5,126 5,301 5,490
Common Stock		 1,834 1,800 1,800 1,798 1,806 1,781 1,781 1,784 1,747 1,730 1,733
Retained Earnings		 3,722 3,712 3,796 3,739 3,702 3,762 3,601 3,635 3,725 3,857 4,080
Accumulated Other Comprehensive Income / (Loss)		 -1,048 -756 -824 -1,010 -721 -730 -291 -400 -346 -286 -323
Noncontrolling Interest		 23 22 15 15 19 19 18 22 23 24 23

Annual Metrics And Ratios for First American Financial

This table displays calculated financial ratios and metrics derived from First American Financial's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.65 $3.10 $3.79 $4.21 $6.26 $6.18 $11.18 $2.46 $2.08 $1.26 $6.02
Adjusted Weighted Average Basic Shares Outstanding		 108.43M 110.55M 111.67M 112.61M 113.08M 112.75M 111M 107M 104.30M 103.90M 103.30M
Adjusted Diluted Earnings per Share		 $2.62 $3.09 $3.76 $4.19 $6.22 $6.16 $11.14 $2.45 $2.07 $1.26 $6.00
Adjusted Weighted Average Diluted Shares Outstanding		 109.83M 111.16M 112.44M 113.28M 113.66M 113.02M 111.40M 107.30M 104.60M 104.30M 103.70M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $6.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 109.09M 109.97M 110.96M 111.48B 112.51M 109.85M 109.34M 103.13M 103.10M 102.80M 101.90M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for First American Financial

This table displays calculated financial ratios and metrics derived from First American Financial's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 101,900,000.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 101,900,000.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.22
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -19.71% -15.65% -1.88% -2.21% -5.22% 17.58% 11.28% 14.36% 41.54% - 16.09%
EBITDA Growth		 23.21% -10.52% 3.56% -8.82% -286.54% 58.02% 25.88% 15.42% 420.42% - 46.37%
EBIT Growth		 46.88% -33.45% -2.18% -14.88% -8,394.12% 160.16% 65.69% 28.76% 271.05% - 67.49%
NOPAT Growth		 46.88% -37.18% 1.52% -14.66% -8,394.12% 112.54% 60.17% 26.37% 287.87% - 66.84%
Net Income Growth		 -150.00% -37.18% 1.52% -14.66% -8,516.67% 112.54% 60.17% 26.37% 283.66% - 66.84%
EPS Growth		 -200.00% -40.74% 2.27% -16.54% -4,900.00% 118.75% 57.78% 27.03% 284.00% - 70.42%
Operating Cash Flow Growth		 -27.53% -116.99% 175.08% -0.86% 8.03% 878.42% -176.19% 35.66% 15.03% - 110.61%
Free Cash Flow Firm Growth		 -96.01% -106.19% -117.58% -97.75% -2,868.24% -184.59% -113.24% -6,676.47% 105.25% - -92.42%
Invested Capital Growth		 -0.83% 1.74% 3.21% 1.59% 21.22% 4.51% 6.28% 10.27% 1.44% - 11.10%
Revenue Q/Q Growth		 -10.37% -3.42% -0.41% 13.42% -13.13% 19.82% -5.75% 16.56% 7.53% - -10.45%
EBITDA Q/Q Growth		 -78.58% 88.41% 21.43% 86.06% -143.82% 259.60% -3.27% 70.60% 21.66% - -38.69%
EBIT Q/Q Growth		 -100.95% 2,358.82% 51.82% 160.03% -195.25% 169.18% -3.30% 102.07% 26.54% - -43.70%
NOPAT Q/Q Growth		 -100.87% 2,982.35% 36.15% 149.25% -186.84% 172.12% 2.61% 96.66% 29.10% - -41.52%
Net Income Q/Q Growth		 -100.88% 2,958.33% 36.15% 149.25% -188.83% 170.50% 2.61% 96.66% 29.10% - -41.52%
EPS Q/Q Growth		 -101.50% 1,700.00% 40.63% 146.67% -190.09% 170.00% 1.43% 98.59% 30.50% - -40.69%
Operating Cash Flow Q/Q Growth		 -18.48% -119.02% 266.19% 284.85% -11.17% 37.02% -116.27% 785.23% -24.68% - -98.48%
Free Cash Flow Firm Q/Q Growth		 -85.94% -254.86% -103.52% 105.07% -17,429.18% 84.08% -52.49% -56.32% 113.83% - -6.62%
Invested Capital Q/Q Growth		 -4.45% 5.34% 1.19% -0.25% 14.01% -9.18% 2.89% 3.51% 4.87% - 2.00%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 3.34% 6.52% 7.95% 13.04% -6.58% 8.76% 8.99% 13.16% 14.89% - 11.34%
EBIT Margin		 -0.12% 2.75% 4.19% 9.61% -10.54% 6.09% 6.24% 10.82% 12.74% - 9.01%
Profit (Net Income) Margin		 -0.08% 2.46% 3.36% 7.38% -7.55% 4.44% 4.83% 8.16% 9.79% - 6.95%
Tax Burden Percent		 70.59% 89.32% 80.10% 76.78% 71.61% 72.97% 77.43% 75.36% 76.88% - 77.13%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 0.00% 10.68% 19.90% 23.22% 0.00% 27.03% 22.57% 24.64% 23.12% - 22.87%
Return on Invested Capital (ROIC)		 -0.08% 2.14% 2.89% 6.29% -5.92% 3.81% 4.17% 7.18% 8.60% - 6.78%
ROIC Less NNEP Spread (ROIC-NNEP)		 -0.08% 2.14% 2.89% 6.29% -6.02% 3.81% 4.17% 7.18% 8.60% - 6.78%
Return on Net Nonoperating Assets (RNNOA)		 -0.03% 0.89% 1.20% 2.63% -2.90% 1.61% 1.85% 3.22% 4.41% - 3.15%
Return on Equity (ROE)		 -0.11% 3.02% 4.10% 8.91% -8.81% 5.42% 6.03% 10.40% 13.01% - 9.93%
Cash Return on Invested Capital (CROIC)		 4.47% 1.46% 0.03% 1.29% -17.87% -2.51% -3.82% -7.12% 4.71% - -1.78%
Operating Return on Assets (OROA)		 -0.05% 1.02% 1.63% 3.62% -3.87% 2.29% 2.54% 4.38% 5.17% - 4.07%
Return on Assets (ROA)		 -0.03% 0.91% 1.31% 2.78% -2.77% 1.67% 1.96% 3.30% 3.97% - 3.14%
Return on Common Equity (ROCE)		 -0.11% 3.01% 4.08% 8.88% -8.78% 5.41% 6.00% 10.35% 12.96% - 9.89%
Return on Equity Simple (ROE_SIMPLE)		 5.21% 0.00% 4.52% 4.08% 1.85% 0.00% 3.20% 3.73% 9.14% - 12.30%
Net Operating Profit after Tax (NOPAT)		 -1.19 34 47 116 -101 73 75 147 190 - 125
NOPAT Margin		 -0.08% 2.46% 3.36% 7.38% -7.38% 4.44% 4.83% 8.16% 9.79% - 6.95%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.10% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 70.38% 68.52% 67.09% 63.49% 78.13% 67.00% 66.72% 63.47% 62.66% - 65.16%
Operating Expenses to Revenue		 100.12% 97.25% 95.81% 90.39% 110.54% 93.91% 93.76% 89.18% 87.26% - 90.99%
Earnings before Interest and Taxes (EBIT)		 -1.70 38 58 152 -144 100 97 195 247 - 162
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 48 91 111 206 -90 144 139 237 289 - 204
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.24 1.32 1.30 1.16 1.33 1.31 1.34 1.23 1.23 - 1.12
Price to Tangible Book Value (P/TBV)		 2.19 2.22 2.20 1.95 2.16 2.16 2.18 1.98 1.94 - 1.72
Price to Revenue (P/Rev)		 0.92 1.09 1.07 0.96 1.18 1.08 1.10 0.99 0.94 - 0.81
Price to Earnings (P/E)		 23.71 29.61 28.66 28.68 73.19 49.06 42.54 33.48 13.56 - 9.13
Dividend Yield		 3.83% 3.38% 3.49% 3.93% 3.23% 3.43% 3.28% 3.52% 3.38% - 3.63%
Earnings Yield		 4.22% 3.38% 3.49% 3.49% 1.37% 2.04% 2.35% 2.99% 7.38% - 10.95%
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.69 0.98 0.81 0.83 0.96 0.95 0.88 0.78 - 0.77
Enterprise Value to Revenue (EV/Rev)		 0.97 0.80 1.16 0.96 1.14 1.14 1.13 1.05 0.89 - 0.83
Enterprise Value to EBITDA (EV/EBITDA)		 12.28 10.01 14.22 12.19 20.59 18.49 17.43 15.48 7.66 - 5.91
Enterprise Value to EBIT (EV/EBIT)		 20.16 17.20 24.74 22.51 62.82 41.34 34.08 26.92 9.70 - 7.04
Enterprise Value to NOPAT (EV/NOPAT)		 25.11 21.90 31.26 28.29 69.44 51.56 43.20 34.78 12.78 - 9.29
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.23 13.32 13.10 10.81 12.29 7.62 8.95 7.65 6.84 - 6.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 20.40 47.78 3,754.08 62.87 0.00 0.00 0.00 0.00 16.65 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.42 0.40 0.43 0.42 0.53 0.44 0.45 0.47 0.49 - 0.48
Long-Term Debt to Equity		 0.42 0.40 0.43 0.42 0.53 0.44 0.45 0.47 0.49 - 0.48
Financial Leverage		 0.43 0.41 0.42 0.42 0.48 0.42 0.44 0.45 0.51 - 0.46
Leverage Ratio		 3.43 3.33 3.14 3.21 3.24 3.24 3.07 3.15 3.27 - 3.17
Compound Leverage Factor		 3.43 3.33 3.14 3.21 3.24 3.24 3.07 3.15 3.27 - 3.17
Debt to Total Capital		 29.74% 28.59% 30.26% 29.70% 34.78% 30.78% 31.16% 32.07% 33.01% - 32.25%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital		 29.74% 28.59% 30.26% 29.70% 34.78% 30.78% 31.16% 32.07% 33.01% - 32.25%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.23% 0.22% 0.27% 0.28% 0.23% 0.26% 0.30% 0.30% 0.30% - 0.28%
Common Equity to Total Capital		 70.03% 71.19% 69.47% 70.03% 64.98% 68.96% 68.54% 67.63% 66.69% - 67.47%
Debt to EBITDA		 3.99 4.13 4.39 4.48 8.60 5.92 5.73 5.65 3.24 - 2.47
Net Debt to EBITDA		 0.60 -3.64 1.05 -0.14 -0.89 1.05 0.44 0.74 -0.45 - 0.10
Long-Term Debt to EBITDA		 3.99 4.13 4.39 4.48 8.60 5.92 5.73 5.65 3.24 - 2.47
Debt to NOPAT		 8.15 9.04 9.64 10.40 29.00 16.52 14.20 12.70 5.41 - 3.89
Net Debt to NOPAT		 1.22 -7.95 2.32 -0.33 -3.01 2.92 1.08 1.65 -0.76 - 0.16
Long-Term Debt to NOPAT		 8.15 9.04 9.64 10.40 29.00 16.52 14.20 12.70 5.41 - 3.89
Noncontrolling Interest Sharing Ratio		 0.42% 0.40% 0.43% 0.35% 0.34% 0.34% 0.41% 0.42% 0.41% - 0.42%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 53 -82 -168 8.50 -1,473 -235 -358 -559 77 - -688
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Free Cash Flow to Firm to Interest Expense		 1.49 -2.47 -4.89 0.24 -40.69 -5.37 -10.16 -14.71 1.94 - -16.42
Operating Cash Flow to Interest Expense		 6.13 -1.25 2.02 7.53 6.54 7.43 -1.50 9.52 6.83 - 0.13
Operating Cash Flow Less CapEx to Interest Expense		 6.13 -1.25 2.02 7.53 6.54 7.44 -1.50 9.52 6.84 - 0.13
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.39 0.37 0.39 0.38 0.37 0.38 0.41 0.40 0.41 - 0.45
Fixed Asset Turnover		 4.75 4.38 4.28 4.17 4.05 4.24 4.33 4.48 4.89 - 5.44
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,465 6,810 6,891 6,874 7,837 7,117 7,323 7,580 7,949 - 8,136
Invested Capital Turnover		 0.94 0.87 0.86 0.85 0.80 0.86 0.86 0.88 0.88 - 0.98
Increase / (Decrease) in Invested Capital		 -54 117 214 108 1,372 307 432 706 113 - 813
Enterprise Value (EV)		 5,921 4,721 6,757 5,551 6,527 6,837 6,943 6,657 6,196 - 6,272
Market Capitalization		 5,618 6,420 6,237 5,596 6,792 6,432 6,747 6,317 6,540 - 6,144
Book Value per Share		 $43.92 $46.99 $45.99 $46.41 $49.49 $47.65 $48.83 $49.82 $52.07 - $53.87
Tangible Book Value per Share		 $24.88 $27.98 $27.21 $27.65 $30.59 $28.92 $30.04 $31.07 $33.17 - $35.10
Total Capital		 6,465 6,810 6,891 6,874 7,837 7,117 7,323 7,580 7,949 - 8,136
Total Debt		 1,923 1,947 2,085 2,041 2,726 2,190 2,282 2,431 2,624 - 2,624
Total Long-Term Debt		 1,923 1,947 2,085 2,041 2,726 2,190 2,282 2,431 2,624 - 2,624
Net Debt		 288 -1,714 501 -64 -283 387 174 317 -368 - 106
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 -0.60 -0.10 0.00 -0.50 - 0.00
Net Nonoperating Expense (NNE)		 0.01 0.00 0.00 0.00 2.32 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 1,923 1,947 2,085 2,041 2,726 2,190 2,282 2,431 2,624 - 2,624
Total Depreciation and Amortization (D&A)		 50 53 52 54 54 44 43 42 42 - 42
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.02) $0.33 $0.45 $1.11 ($1.00) $0.70 $0.72 $1.41 $1.84 $2.05 $1.21
Adjusted Weighted Average Basic Shares Outstanding		 104.20M 104.30M 104.10M 104.10M 103.60M 103.90M 103.80M 103.50M 102.80M 103.30M 103M
Adjusted Diluted Earnings per Share		 ($0.02) $0.32 $0.45 $1.11 ($1.00) $0.70 $0.71 $1.41 $1.84 $2.04 $1.21
Adjusted Weighted Average Diluted Shares Outstanding		 104.20M 104.60M 104.40M 104.30M 103.60M 104.30M 104.20M 103.80M 103.10M 103.70M 103.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 103.18M 103.10M 103.72M 102.89M 103.00M 102.80M 102.90M 101.80M 101.90M 101.90M 101.90M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.19 34 47 116 -101 73 75 147 190 - 125
Normalized NOPAT Margin		 -0.08% 2.46% 3.36% 7.38% -7.38% 4.44% 4.83% 8.16% 9.79% - 6.95%
Pre Tax Income Margin		 -0.12% 2.75% 4.19% 9.61% -10.54% 6.09% 6.24% 10.82% 12.74% - 9.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.05 1.15 1.70 4.28 -3.99 2.29 2.74 5.14 6.19 - 3.86
NOPAT to Interest Expense		 -0.03 1.03 1.36 3.29 -2.79 1.67 2.13 3.87 4.76 - 2.98
EBIT Less CapEx to Interest Expense		 -0.05 1.15 1.70 4.28 -3.99 2.30 2.75 5.14 6.20 - 3.86
NOPAT Less CapEx to Interest Expense		 -0.03 1.03 1.36 3.29 -2.79 1.68 2.13 3.87 4.77 - 2.98
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 91.56% 100.51% 100.69% 111.52% 233.72% 166.44% 137.83% 116.04% 45.90% - 33.10%
Augmented Payout Ratio		 129.30% 134.25% 121.88% 147.81% 316.70% 218.10% 195.83% 175.08% 72.83% - 52.00%

Financials Breakdown Chart

Key Financial Trends

First American Financial (NYSE: FAF) has shown stronger profitability and a growing revenue base in 2025, with cash flow and balance-sheet indicators suggesting improved liquidity and capitalization relative to recent years. The following points summarize key trends from FAF’s quarterly statements over the last four years.

  • Net income to common shareholders in Q4 2025 was about $211.9 million, up from $189.6 million in Q3 2025 and $146.1 million in Q2 2025, signaling improving quarterly profitability.
  • Diluted earnings per share (EPS) reached $2.04 in Q4 2025, higher than $1.84 in Q3 2025 and $1.41 in Q2 2025, reflecting gains in profitability per share.
  • Total revenue rose to about $2.006 billion in Q4 2025 from roughly $1.548 billion in Q1 2025, indicating an improving overall top line across 2025.
  • Operating cash flow remained robust in late-2025, with net cash from continuing operating activities of about $369.3 million in Q4 2025, supporting liquidity.
  • Cash dividends per share were maintained around $0.55 in Q4 2025, signaling a stable payout policy for shareholders.
  • Non-interest income remains a major revenue driver, with premiums earned around $1.579 billion in Q4 2025 and total non-interest income contributing meaningfully to overall earnings, highlighting diversification beyond net interest income.
  • The balance sheet shows a large asset base and solid capitalization, with total assets around $17.6 billion in 2025 and total equity in the mid-$5 billion range, indicating a well-capitalized franchise.
  • Long-term debt held steady in the low-to-mid billions range (approximately $2.0–$2.6 billion across 2023–2025), suggesting manageable leverage and ongoing debt management.
  • Dividend per share and payout habits have remained relatively stable across 2024–2025, implying predictable cash returns to shareholders amid changing earnings.
  • Near-term cash-flow volatility remains a risk: FAF posted negative net cash from continuing operating activities in Q1 2025 (about -$52.8 million) and faced substantial negative net cash from financing activities in Q4 2025 (around -$1.75 billion), underscoring sensitivity to financing and investing activity in the near term.
05/14/26 10:23 AM ETAI Generated. May Contain Errors.

First American Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, First American Financial's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Over the last 10 years, First American Financial's net income changed from $288.87 million in 2015 to $625.20 million in 2025, a change of 116.4%. See where experts think First American Financial is headed by visiting First American Financial's forecast page.

Over the last 10 years, First American Financial's total revenue changed from $5.18 billion in 2015 to $7.30 billion in 2025, a change of 41.0%.

First American Financial's total liabilities were at $10.70 billion at the end of 2025, a 7.2% increase from 2024, and a 95.2% increase since 2015.

In the past 10 years, First American Financial's cash and equivalents has ranged from $1.01 billion in 2016 to $3.61 billion in 2023, and is currently $1.39 billion as of their latest financial filing in 2025.


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Financial statements for NYSE:FAF last updated on 4/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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