First American reports Q4 adjusted EPS $1.35, consensus $1.09

Reports Q4 revenue $1.69B, consensus $1.62B. “The company delivered excellent results in the fourth quarter, despite generally challenging market conditions,” said Ken DeGiorgio, chief executive officer at First American (FAF) Financial Corporation. “Title premiums and escrow revenues were up double-digits across all key business lines, highlighted by 47% growth in our commercial revenue. Coupled with our continued focus on expense management, we achieved an adjusted pretax title margin of 11.8% for the quarter. ”