First American Financial Corporation - FAF STOCK NEWS

First American Financial Corporation (NYSE: FAF) has scheduled its fourth-quarter and full-year 2022 earnings release for Feb. 9, 2023, at 6:45 a.m. EST. A conference call to discuss the results will occur at 11 a.m. EST. The company plans to announce future quarterly results on scheduled dates throughout 2023. First American, with a total revenue of $9.2 billion in 2021, provides a range of title and settlement solutions for real estate transactions, emphasizing its leadership in the industry’s digital transformation.

First American Financial Corporation (NYSE: FAF) announced that Chief Innovation Officer Paul Hurst received the gold Innovator of the Year award at the Best in Biz Awards 2022. This accolade highlights Hurst's pivotal role in advancing the company's digital transformation strategies in real estate transactions. Under his leadership, First American has invested in over 20 proptech firms, enhancing its competitive edge. The company, celebrating over 130 years of operation, reported $9.2 billion in revenue for 2021, reinforcing its position as a leader in title and settlement solutions.

First American Data & Analytics, a part of First American Financial Corporation (NYSE: FAF), announced that CIO Calvin Powell has been honored as a winner of HousingWire’s 2022 HW Tech Trendsetters. This accolade recognizes leaders in technology who innovate solutions for the housing industry. Over the last decade, Powell has led the development of patented technologies enhancing data assets for customers. Notably, under his leadership, the division has secured 21 patents, including advanced optical character recognition technologies that support products like CovenantGuard™ and FlexSearch®.

First American Financial Corporation (NYSE: FAF) has declared a quarterly cash dividend of 52 cents per common share. The dividend will be payable on December 15, 2022, to shareholders of record as of December 8, 2022. First American is recognized for its leading role in the digital transformation of title and settlement solutions. With a total revenue of $9.2 billion in 2021, the company continues to provide innovative services and has been named one of the 100 Best Companies to Work For by Great Place to Work® and Fortune Magazine for seven consecutive years.

First American Financial Corporation (NYSE: FAF) celebrates the 50th episode of The REconomy Podcast, launched in 2020, delivering insights on housing market dynamics. Hosted by Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi, the podcast garners top 10% download rankings. Recent topics cover rent growth and housing demand influenced by economic factors. With total revenue of $9.2 billion in 2021, First American remains a leader in real estate title solutions, noted for its innovative digital transformations and customer service excellence.

First American Financial Corporation (NYSE: FAF) reported a 29% decline in total revenue for Q3 2022, amounting to $1.8 billion, with net income dropping to $2 million or 2 cents per diluted share. This downturn was significantly attributed to $226 million in net investment losses compared to gains of $276 million last year. However, the Title Insurance segment showed investment income growth of 114%, reaching $105 million. The company repurchased 1.3 million shares for $72 million and raised its dividend by 2%.