First American Financial Reports Net of $1.3 Million

A continued high level of real estate activity, spurred by declining interest rates, enabled First American Financial Corp., the Santa Ana parent of First American Title Insurance Co., to post $1.3 million in net income for the first quarter, an 11% increase over $1.17 million in earnings during last year’s first quarter.

Total quarterly revenues at the 97-year-old company hit a record level, increasing 22% to $65.4 million from $53.5 million.