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First American Financial’s $827 Million 1031 Exchange Win Opens A Bigger Banking Opportunity!

First American Financial Corporation reported a continuation of its earnings momentum in the second quarter of 2026, generating adjusted earnings per share of $2.08, marking a 36% increase from the prior year. The commercial segment notably contributed to this growth, achieving a 34% revenue increase and setting a second-quarter record with 14 closed transactions generating over $1 million in premium each. Demand within the National Commercial Services division was broad-based, with 10 out of 11 asset classes exhibiting year-over-year growth. Purchase revenue rose modestly by 2%, while refinance revenue increased 18%, benefiting from a temporary decline in mortgage rates earlier in the year, though volumes have since moderated as rates moved higher. First American Trust, the company’s banking operation, continues to be an important source of investment income, with average deposits rising 30% to $7.9 billion.