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EarningsQ2 2026 Earnings Report
FAF Q2 2026 EPS Results
Actual EPS$2.12
Consensus EPS$1.81
Beat/MissBeat by +$0.31
One Year Ago EPS$1.41
FAF Q2 2026 Revenue Results
Actual Revenue$2.12B
Expected Revenue$2.03B
Beat/MissBeat by +$88.38M
YoY Revenue Growth+14.99%
Earnings Announcement Details
QuarterQ2 2026
Date07/22/2026
TimeAfter Close
Conference CallWednesday, July 22, 2026
FAF Upcoming Earnings
First American Financial's next earnings date is estimated for October 21, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
FAF Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong operational and financial positives — notably record commercial performance, robust deposit and trust growth, meaningful free cash flow expansion, tangible AI-driven productivity gains, and a healthy acquisition/payout posture. Offsetting items include continued weakness in the residential purchase and refinance markets, rising interest expense tied to deposit growth, and increased operating costs in select areas. On balance, the positive growth drivers and strategic progress (especially in commercial and AI automation) materially outweigh the headwinds from residential volume softness and near-term cost pressure.Company Guidance
Adjusted / GAAP Earnings
CEO reported adjusted EPS of $2.80 (+36% YoY). CFO reported GAAP EPS $2.12 and adjusted EPS $2.08 (note: both CEO and CFO referenced adjusted earnings during the call).
Commercial Segment Surge
Commercial revenue $314M, up 34% YoY; set a second-quarter record. Closed 14 transactions generating >$1M of premium (up from 11 a year ago). Average revenue per commercial order reached $20K driven by a 31% increase in ARPO.
Title Segment Revenue Growth
Adjusted total title revenue ~$2.0B, up 14% YoY; pretax margin for title 15.7% (14.0% adjusted).
Deposit and Bank Growth (First American Trust)
Average deposits $7.9B, up 30% YoY. 36% of deposits from non-captive sources. ServiceMAC deposits $1.7B (+76% YoY) and ServiceMAC loan portfolio grew 54% QoQ. 31 Exchange deposits averaged $827M; agent banking deposits up 37% YoY with 10 agents using the bank.
AI & Automation Progress
Enterprise AI wins: 1,300 forms updated with 97% time reduction; ExamAssist QC processed >50K orders with 92% requiring no additional human review; automation rates improved from 30% (Q1) to 34% (Q2) and ~39% in July; Sequoia automation rose 35%→40% and instant decisioning covers ~16% of purchase orders in launch counties.
Cash Flow, Capital Allocation and Buybacks
Free cash flow $285M for first 6 months, up 32% YoY. CapEx down 18% YoY. Repurchased 330K shares for $20M at an average price of $61.99. Company plans continued dividend growth and opportunistic buybacks.
Investment Income and Net Yield
Investment income $164M, up 11% YoY. Investment income net of interest expense grew ~8% YoY (management cited this as a proxy for back-half growth).
Home Warranty and Other Revenue
Home warranty adjusted revenue $112M (+1% YoY) with loss ratio improving to 40% (from 41%). Information & other revenues $295M (+12% YoY) driven by ServiceMAC and information products.
Commercial Pipeline and Recent Wins
Management reports a strong commercial pipeline: opened orders up 9% in early July and three additional >$1M premium transactions closed in July.
FAF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed