First American Financial Q3 Net Income Falls to $177 Million, Adjusted EPS Rises to $1.78

First American Financial Corp. (FAF) reported lower third-quarter net income on Wednesday compared with the prior-year quarter, even as adjusted earnings per share rose. Net income attributable to the company declined to $177.0 million, or $1.72 per share, from $189.6 million, or $1.84 per share, a year ago. Adjusted net income rose to $183.4 million from $174.9 million, while adjusted earnings per share increased to $1.78 from $1.70. Total revenue for the quarter increased 5% to $2.08 billion from $1.98 billion a year earlier. Adjusted total revenue, excluding net investment gains and losses, rose 7% to $2.09 billion.