See more : Park Lawn Corporation (PLC.TO) Income Statement Analysis – Financial Results
Complete financial analysis of First American Financial Corporation (FAF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First American Financial Corporation, a leading company in the Insurance – Specialty industry within the Financial Services sector.
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First American Financial Corporation (FAF)
About First American Financial Corporation
First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services. This segment also provides closing and/or escrow services; products, services, and solutions to mitigate risk or otherwise facilitate real estate transactions; and appraisals and other valuation-related products and services, lien release and document custodial services, warehouse lending services, default-related products and services, mortgage subservicing, and related products and services, as well as banking, trust, and wealth management services. In addition, it accommodates tax-deferred exchanges of real estate; and maintains, manages, and provides access to title plant data and records. This segment offers its products through a network of direct operations and agents in 49 states and in the District of Columbia, as well as in Canada, the United Kingdom, Australia, South Korea, and internationally. The Specialty Insurance segment provides property and casualty insurance comprising coverage to residential homeowners and renters for liability losses and typical hazards, such as fire, theft, vandalism, and other types of property damage. It also offers residential service contracts that cover residential systems, such as heating and air conditioning systems, and appliances against failures that occur as the result of normal usage during the coverage period. First American Financial Corporation was founded in 1889 and is headquartered in Santa Ana, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 938.50M | 7.61B | 9.22B | 7.09B | 6.20B | 5.75B | 5.77B | 5.58B | 5.18B | 4.68B | 4.96B | 4.54B | 3.82B | 3.91B | 4.05B | 4.37B | 6.08B |
| Cost of Revenue | 1.07B | 2.34B | 0.00 | 1.12B | 923.30M | 900.21M | 880.87M | 853.84M | 820.97M | 833.68M | 836.32M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -128.50M | 5.27B | 9.22B | 5.97B | 5.28B | 4.85B | 4.89B | 4.72B | 4.35B | 3.84B | 4.12B | 4.54B | 3.82B | 3.91B | 4.05B | 4.37B | 6.08B |
| Gross Profit Ratio | -13.69% | 69.23% | 100.00% | 84.21% | 85.11% | 84.34% | 84.74% | 84.69% | 84.14% | 82.18% | 83.13% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.99B | 2.34B | 2.35B | 1.94B | 1.81B | 1.75B | 1.90B | 1.76B | 1.59B | 1.41B | 1.45B | 1.33B | 1.19B | 1.22B | 1.22B | 1.39B | 1.82B |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.20B | 1.22B | 1.24B | 1.37B | 2.11B |
| SG&A | 1.99B | 2.34B | 2.35B | 1.94B | 1.81B | 1.75B | 1.90B | 1.76B | 1.59B | 1.41B | 1.45B | 1.33B | 2.38B | 2.44B | 2.46B | 2.76B | 3.93B |
| Other Expenses | 4.01B | 1.27B | -11.15B | -9.12B | -7.89B | -6.85B | -6.31B | -5.97B | -5.49B | -4.89B | -5.24B | -5.40B | -6.06B | -6.12B | -6.29B | -7.23B | -10.20B |
| Operating Expenses | 6.00B | 1.27B | -8.80B | -7.18B | -6.09B | -5.10B | -4.41B | -4.21B | -3.89B | -3.48B | -3.79B | -4.07B | -3.68B | -3.68B | -3.83B | -4.47B | -6.26B |
| Cost & Expenses | 6.00B | 7.28B | 7.58B | 6.16B | 5.30B | 5.14B | 5.33B | 5.10B | 4.74B | 4.33B | 4.65B | 4.07B | 3.69B | 3.69B | 3.84B | 4.48B | 6.28B |
| Interest Income | 0.00 | 350.00M | 191.00M | 206.44M | 298.43M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 132.50M | 93.00M | 72.00M | 57.47M | 47.80M | 40.98M | 35.99M | 32.21M | 29.11M | 19.25M | 15.30M | 9.07M | 12.08M | 14.90M | 19.82M | 27.22M | 42.61M |
| Depreciation & Amortization | 188.50M | 167.00M | 158.00M | 148.98M | 129.02M | 125.93M | 128.05M | 99.05M | 85.60M | 85.60M | 74.92M | 74.95M | 76.89M | 78.91M | 82.48M | 95.24M | 94.82M |
| EBITDA | 595.40M | 585.70M | 0.00 | 1.13B | 1.03B | 776.44M | 609.37M | 608.84M | 547.47M | 455.40M | 400.93M | 551.42M | 219.25M | 307.65M | 306.64M | 6.54M | -91.95M |
| EBITDA Ratio | 63.44% | 6.48% | 6.26% | 0.77% | 3.93% | 13.48% | 10.58% | 10.91% | 10.56% | 9.72% | 8.08% | 12.13% | 5.73% | 7.80% | 7.28% | -0.11% | -1.51% |
| Operating Income | 401.50M | 326.00M | 419.00M | -94.16M | 114.75M | 649.11M | 482.50M | 509.31M | 461.09M | 369.13M | 325.31M | 475.79M | 142.07M | 225.88M | 212.28M | -100.22M | -186.76M |
| Operating Income Ratio | 42.78% | 4.29% | 4.54% | -1.33% | 1.85% | 11.29% | 8.36% | 9.13% | 8.91% | 7.89% | 6.56% | 10.48% | 3.72% | 5.78% | 5.25% | -2.29% | -3.07% |
| Total Other Income/Expenses | -127.10M | 325.70M | 3.36B | 922.53M | -3.37B | -3.39B | -3.60B | -3.44B | -3.15B | -2.90B | -3.17B | -9.07M | -3.97M | -6.52M | -7.93M | -115.92M | -208.83M |
| Income Before Tax | 274.40M | 326.00M | 1.64B | 923.27M | 905.02M | 609.54M | 445.33M | 477.58M | 432.77M | 350.56M | 310.71M | 467.41M | 130.29M | 212.11M | 204.35M | -115.92M | -208.83M |
| Income Before Tax Ratio | 29.24% | 4.29% | 17.81% | 13.03% | 14.59% | 10.60% | 7.71% | 8.57% | 8.36% | 7.49% | 6.27% | 10.29% | 3.41% | 5.43% | 5.05% | -2.65% | -3.44% |
| Income Tax Expense | 58.90M | 61.00M | 393.00M | 222.77M | 195.17M | 133.64M | 23.47M | 134.11M | 143.90M | 116.35M | 123.64M | 165.68M | 51.71M | 83.15M | 70.07M | -43.43M | -86.39M |
| Net Income | 216.80M | 263.00M | 1.24B | 696.00M | 707.41M | 474.50M | 423.05M | 342.99M | 288.09M | 233.53M | 186.37M | 301.04M | 78.28M | 127.83M | 122.39M | -84.01M | -142.98M |
| Net Income Ratio | 23.10% | 3.46% | 13.46% | 9.82% | 11.41% | 8.26% | 7.33% | 6.15% | 5.57% | 4.99% | 3.76% | 6.63% | 2.05% | 3.27% | 3.02% | -1.92% | -2.35% |
| EPS | 2.08 | 2.46 | 11.18 | 6.18 | 6.26 | 4.21 | 3.79 | 3.10 | 2.65 | 2.18 | 1.74 | 2.83 | 0.74 | 1.22 | 1.18 | -0.81 | -1.37 |
| EPS Diluted | 2.07 | 2.45 | 11.14 | 6.16 | 6.22 | 4.19 | 3.76 | 3.09 | 2.62 | 2.15 | 1.71 | 2.77 | 0.73 | 1.20 | 1.18 | -0.81 | -1.37 |
| Weighted Avg Shares Out | 104.30M | 107.00M | 111.00M | 112.75M | 113.08M | 112.61M | 111.67M | 110.55M | 108.43M | 106.88M | 106.99M | 106.31M | 105.20M | 104.13M | 104.01M | 104.01M | 104.01M |
| Weighted Avg Shares Out (Dil) | 104.60M | 107.30M | 111.40M | 113.02M | 113.66M | 113.28M | 112.44M | 111.16M | 109.83M | 108.69M | 109.10M | 108.54M | 106.91M | 106.18M | 104.01M | 104.01M | 104.01M |
New York-Jersey City-White Plains, NY-NJ Home Prices Up 5.2% Year Over Year in March, According to First American Data & Analytics Monthly Home Price Index Report
Houston-The Woodlands-Sugar Land Home Prices Up 5.3% Year Over Year in March, According to First American Data & Analytics Monthly Home Price Index Report
Los Angeles-Long Beach-Glendale Home Prices Up 4.2% Year Over Year in March, According to First American Data & Analytics Monthly Home Price Index Report
First American (FAF) Banks on Segmental Growth Amid Cost Woes
First American Financial Announces First Quarter 2024 Earnings Conference Call
First American Title Enhances First-of-its-Kind Multisite Commercial Real Estate Transaction Closing Solution Within its ClarityFirst® Platform
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
Annualized Price Appreciation Slows for Second Straight Month, Falling by Almost a Full Percentage Point, According to First American Data & Analytics Monthly Home Price Index Report
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
Dallas-Plano-Irving Home Prices Up 4.4% Year Over Year in February, According to First American Data & Analytics Monthly Home Price Index Report
Source: https://incomestatements.info
Category: Stock Reports