First American Financial (FAF) Tops Q1 EPS by 9c

First American Financial (NYSE: FAF) reported Q1 EPS of $0.52, $0.09 better than the analyst estimate of $0.43. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.23 billion.

Current Quarter Highlights

• Total revenue of $1.3 billion, up 10 percent compared with last year
• Purchase revenues up 13 percent compared with last year
• Average revenue per order up 8 percent
• Closed orders per day up 4 percent
• Commercial revenues of $146.3 million, up 2 percent compared with last year
• Title Insurance and Services segment pretax margin of 8.2 percent
• Title Insurance and Services segment loss provision rate of 4.0 percent
• Specialty Insurance segment total revenues up 7 percent, with a pretax margin of 9.1 percent
• Debt-to-capital ratio of 19.3 percent as of March 31, 2017

For earnings history and earnings-related data on First American Financial (FAF) click here.

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