First Western Financial, Inc.
Description
First Western Financial, Inc., a financial holding company, provides wealth advisory, private baking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, life insurance, and trust and investment management advisory products and services. The Mortgage segment engages in soliciting, originating, and selling mortgage loans into the secondary market. It serves entrepreneurs, professionals, high net worth individuals or families, and business and philanthropic organizations. First Western Financial, Inc. was incorporated in 2002 and is headquartered in Denver, Colorado.
About
CEO
Mr. Scott C. Wylie
Employees
310
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNGS
Address
1900 16th Street, Denver, CO 80202, United States
×
![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 22, 2026 | — | — | — | — |
| Oct 22, 2025 | — | — | — | — |
| Jul 21, 2025 | — | — | — | — |
| Apr 16, 2025 | — | — | — | — |
| Jan 24, 2025 | 0.26 | 0.28 | 0.02 | 7.69% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 3 | 3 | 3 | 3 |
| Average estimate | 0.23 | 0.32 | 1.41 | 2.00 |
| Low estimate | 0.22 | 0.31 | 1.34 | 1.90 |
| High estimate | 0.25 | 0.32 | 1.50 | 2.15 |
| Last year EPS | 0.26 | 0.11 | 0.87 | 1.41 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-10.260%
Next qtr. (Jun 2025)
187.880%
Current year (Dec 2025)
61.690%
Next year (Dec 2026)
41.940%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 90.93M | 110.24M | 95.62M | 95.83M | 63.91M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 49.43M | 52.58M | 44.13M | 41.78M | 37.86M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 7.06M | 28.83M | 27.28M | 33.06M | 10.19M |
| Tax provision | 1.84M | 7.13M | 6.67M | 8.53M | 2.18M |
| Net income | 5.23M | 21.70M | 20.61M | 24.53M | 8.01M |
| Basic EPS | 0.91 | 2.29 | 2.58 | 3.11 | 1.02 |
| Diluted EPS | 0.90 | 2.23 | 2.51 | 3.08 | 1.00 |
| Basic average shares | 9.54M | 9.46M | 7.98M | 7.90M | 7.89M |
| Diluted average shares | 9.54M | 9.46M | 7.98M | 7.90M | 7.89M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 5.23M | 21.70M | 20.61M | 24.53M | 8.01M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 7.28M | 4.93M | 6.49M | 2.41M | 4.18M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 254.44M | 196.51M | 385.49M | 155.99M | 78.64M |
| Other short term investments | — | — | 55.56M | 36.67M | 58.90M |
| Accounts receivable | 16.52M | 15.32M | 12.42M | 11.48M | 8.29M |
| Other receivables | 4.47M | 1.97M | 1.95M | 1.42M | 1.01M |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 4.98M | 4.98M | 4.98M | — | — |
| Machinery furniture equipment | 6.62M | 5.82M | 6.14M | 5.50M | 4.66M |
| Construction in progress | — | — | — | — | — |
| Leases | 14.34M | 12.88M | 11.46M | 9.44M | 10.17M |
| Accumulated depreciation | -12.87M | -10.75M | -10.80M | -9.62M | -9.61M |
| Goodwill | 62.25M | 62.50M | 62.49M | 48.45M | 39.40M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 1.45M | 1.70M | 1.31M | 67,000 | 28,000 |
| Investments and advances | 81.26M | 88.17M | 58.15M | 39.22M | 59.49M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 3.79M | 1.13M | 355,000 | 453,000 | 299,000 |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 178.05M | 199.02M | 77.66M | 173.85M | 16.56M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | — | — | — | — | — |
| Retained earnings | 51.04M | 51.89M | 30.19M | 9.58M | -14.96M |
| Other shareholders equity | -1.20M | -1.52M | 223,000 | 680,000 | -164,000 |
| Total shareholders equity | 242.74M | 240.86M | 219.04M | 154.96M | 127.68M |
| Additional paid in capital | 192.89M | 190.49M | 188.63M | 144.70M | 142.80M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 5.23M | 21.70M | 20.61M | 24.53M | 8.01M | 5.65M | 2.02M | 2.30M |
| Depreciation | 2.38M | 2.01M | 1.26M | 1.12M | 1.67M | 2.22M | 2.45M | 2.42M |
| Deferred Taxes | 2.06M | 557,000 | -668,000 | -1.30M | -1.22M | 1.81M | 2.67M | 1.31M |
| Stock-Based Compensation | 1.84M | 2.56M | 2.90M | 2.54M | 2.29M | 1.86M | 1.30M | 1.02M |
| Other Non-Cash Items | 6.51M | 27.86M | 150.83M | -93.30M | -24.99M | 12.12M | -11.65M | 17.99M |
| Accounts Receivable | -4.82M | -3.22M | 420,000 | -4.12M | -1.25M | 49,000 | -1.72M | -737,000 |
| Accounts Payable | 1.59M | -1.68M | 1.85M | 858,000 | 2.43M | -1.57M | 1.51M | -161,000 |
| Other Assets & Liabilities | — | — | — | — | — | — | — | — |
| Operating Cash Flow | 14.78M | 49.79M | 177.20M | -69.66M | -13.06M | 22.14M | -3.42M | 24.15M |
| Investing Activities | ||||||||
| Capital Expenditures | -2.35M | -2.97M | -2.11M | -1.20M | -415,000 | -714,000 | -499,000 | -1.82M |
| Net Intangibles | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | 121.00M | -61.32M | — | — | -1.00M | — |
| Purchase of Investments | -41.96M | -54.40M | -19.76M | -7.95M | -32.35M | -6.86M | -39.78M | -63.15M |
| Sale of Investments | 48.64M | 22.11M | 17.22M | 28.64M | 20.32M | 18.85M | 78.09M | 29.18M |
| Investing Cash Flow | 4.33M | -34.71M | 116.55M | -41.53M | -12.44M | 14.98M | 38.68M | -33.39M |
| Financing Activities | ||||||||
| Long-Term Debt Issuance | 1.84B | 696.93M | 98.34M | 257.03M | 67.35M | 284.30M | 339.53M | 208.78M |
| Long-Term Debt Payments | -1.87B | -575.74M | -194.61M | -99.75M | -72.35M | -304.74M | -350.42M | -192.45M |
| Other Financing Charges | — | — | — | -269,000 | — | -131,000 | — | — |
| Financing Cash Flow | -21.18M | 121.19M | -96.27M | 156.64M | -5.74M | -12.33M | -7.92M | 15.99M |
| Other Cash Details | ||||||||
| End Cash Position | 254.44M | 196.51M | 386.98M | 155.99M | 78.64M | 73.36M | 9.50M | 62.69M |
| Income Tax Paid | 2.91M | 5.24M | 6.34M | 11.76M | 2.48M | 439,000 | 275,000 | 202,000 |
| Interest Paid | 71.79M | 16.50M | 5.51M | 7.08M | 12.92M | 8.14M | 5.62M | 4.29M |
| Free Cash Flow | 19.53M | 45.31M | 160.41M | -94.52M | -21.93M | 17.09M | -5.93M | 17.28M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Russell 2000 ETF | Nov 30, 2024 | 242,328 | 5.13M | 2.51% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 241,636 | 5.12M | 2.50% |
| Wasatch Micro-Cap Value Fund | Sep 30, 2024 | 194,024 | 4.11M | 2.01% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 99,208 | 2.10M | 1.03% |
| RMB Mendon Financial Services Fund | Sep 30, 2024 | 89,374 | 1.89M | 0.92% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 81,776 | 1.73M | 0.85% |
| Diamond Hill Small Cap Fund | Sep 30, 2024 | 72,061 | 1.53M | 0.75% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 58,720 | 1.24M | 0.61% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 46,305 | 980,276 | 0.48% |
| Clearwater Select Equity Fund | Sep 30, 2024 | 46,158 | 977,164 | 0.48% |
Article
First Western Financial, Inc. (MYFW) Q4 2024 Earnings Call Transcript
First Western Financial, Inc. (NASDAQ:MYFW ) Q4 2024 Earnings Conference Call January 24, 2025 12:00 PM ET Company Participants Tony Rossi - IR Scott Wylie - Chairman and CEO Julie Courkamp - COO David Weber - CFO Conference Call Participants Brett Rabatin - Hovde Woody Lay - KBW Matthew Clark - Piper Sandler Bill Dezellem - Tieton Capital Operator Hello, everyone, and welcome to First Western Financial Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions].
Jan 24, 2025
Article
First Western (MYFW) Q4 Earnings and Revenues Lag Estimates
First Western (MYFW) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.03 per share a year ago.
Jan 24, 2025
Article
First Western Reports Fourth Quarter 2024 Financial Results
Fourth Quarter 2024 Summary Net income available to common shareholders of $2.7 million in Q4 2024, compared to $2.1 million in Q3 2024 Diluted earnings per share of $0.28 in Q4 2024 , compared to $0.22 in Q3 2024 Net interest income of $16.9 million in Q4 2024 , compared to $15.6 million in Q3 2024 Net interest margin increased 13 basis points from 2.32% in Q3 2024 to 2.45% in Q4 2024 Total loans increased 2.1% from $2.40 billion in Q3 2024 to $2.45 billion in Q4 2024 Average deposits increased 4.0% from $2.40 billion in Q3 2024 to $2.50 billion in Q4 2024 DENVER, Jan. 23, 2025 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (“First Western” or the “Company”) (NASDAQ: MYFW), today reported financial results for the fourth quarter ended December 31, 2024. Net income available to common shareholders was $2.7 million, or $0.28 per diluted share, for the fourth quarter of 2024.
Jan 23, 2025
