First Western Financial, Inc., a financial holding company, provides wealth management, private banking, 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, 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 philanthropic and business organizations. The company operates 15 profit centers, including 11 boutique private trust bank offices with 2 locations in Arizona, 8 locations in Colorado, and 1 location in Wyoming; 2 loan production offices with 1 location in Ft. Collins, Colorado, and 1 location in Greenwood Village, Colorado; and 2 trust offices with 1 location in Laramie, Wyoming, and 1 location in Century City, California. First Western Financial, Inc. was incorporated in 2002 and is headquartered in Denver, Colorado.
IPO Year: 2018
Exchange: NASDAQ
Website: myfw.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/28/2024 | $21.00 → $23.50 | Outperform | Hovde Group |
| 2/28/2024 | $20.50 → $19.00 | Market Perform → Outperform | Hovde Group |
| 1/4/2023 | $30.00 | Outperform → Market Perform | Hovde Group |
| 12/15/2022 | $32.00 → $30.00 | Overweight → Neutral | Piper Sandler |
8-K - First Western Financial Inc (0001327607) (Filer)
10-Q - First Western Financial Inc (0001327607) (Filer)
8-K - First Western Financial Inc (0001327607) (Filer)
10-Q - First Western Financial Inc (0001327607) (Filer)
8-K - First Western Financial Inc (0001327607) (Filer)
8-K - First Western Financial Inc (0001327607) (Filer)
8-K - First Western Financial Inc (0001327607) (Filer)
8-K - First Western Financial Inc (0001327607) (Filer)
8-K - First Western Financial Inc (0001327607) (Filer)
8-K - First Western Financial Inc (0001327607) (Filer)
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4 - First Western Financial Inc (0001327607) (Issuer)
4 - First Western Financial Inc (0001327607) (Issuer)
4 - First Western Financial Inc (0001327607) (Issuer)
4 - First Western Financial Inc (0001327607) (Issuer)
3 - First Western Financial Inc (0001327607) (Issuer)
4 - First Western Financial Inc (0001327607) (Issuer)
4 - First Western Financial Inc (0001327607) (Issuer)
4 - First Western Financial Inc (0001327607) (Issuer)
Third Quarter 2024 Summary Net income available to common shareholders of $2.1 million in Q3 2024, compared to $1.1 million in Q2 2024Diluted earnings per share of $0.22 in Q3 2024, compared to $0.11 in Q2 2024Total deposits increased 3.7% from $2.41 billion in Q2 2024 to $2.50 billion in Q3 2024. Noninterest-bearing deposits increased 19% from $397 million in Q2 2024 to $474 million in Q3 2024Loan-to-Deposit ratio decreased from 101.9% in Q2 2024 to 95.2% in Q3 2024 DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. ("First Western" or the "Company") (NASDAQ:MYFW), today reported financial results for the t
DENVER, Oct. 04, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western"), announced today that it will release financial results for its third quarter ended September 30, 2024 after the markets close on Thursday, October 24, 2024. Management will hold a conference call at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time on Friday, October 25, 2024, to discuss First Western's financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the News & Events page of First Western's investor relations website. Partici
Second Quarter 2024 Summary Book value per common share increased 0.1% from $25.52 in Q1 2024 to $25.55 in Q2 2024. Tangible book value per common share(1) increased 0.2% from $22.21 in Q1 2024 to $22.27 in Q2 2024Net interest margin stabilized during the quarter, with a slight increase of 1 basis point from 2.34% in Q1 2024 to 2.35% in Q2 2024Net income available to common shareholders of $1.1 million in Q2 2024, compared to $2.5 million in Q1 2024Diluted earnings per share of $0.11 in Q2 2024, compared to $0.26 in Q1 2024Total capital to risk-weighted assets ratio of 13.44% in Q2 2024, compared to 13.15% in Q1 2024 DENVER, July 23, 2024 (GLOBE NEWSWIRE) -- First Western Fin
DENVER, July 05, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western"), announced today that it will release financial results for its second quarter ended June 30, 2024 after the markets close on Tuesday, July 23, 2024. Management will hold a conference call at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time on Wednesday, July 24, 2024, to discuss First Western's financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the News & Events page of First Western's investor relations website. Participants on
DENVER, June 17, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western" or "the Company"), announced that on June 13, 2024 its Board of Directors approved a stock repurchase program that authorizes the Company to repurchase up to 200,000 shares of its common stock, which represents approximately 2% of the Company's outstanding shares. The Board of Governors of the Federal Reserve System advised the Company that it has no objection to the Company's stock repurchase program. Scott C. Wylie, CEO of First Western, said, "We believe that repurchasing our shares is an attractive long-term inve
DENVER, June 06, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western" or the "Company"), today announced the appointment of Ellen S. Robinson to the Company's Board of Directors, as well as the retirement of Eric D. Sipf from the Board of Directors. Scott C. Wylie, Chairman and CEO of First Western, said, "We are very pleased to welcome Ellen Robinson to our Board of Directors. Ellen has been a prominent member of the Denver business community for many years and has been a successful executive in large corporate and smaller, entrepreneurial business environments. She is a seasoned bu
First Quarter 2024 Summary Net income available to common shareholders of $2.5 million in Q1 2024, compared to a Net loss of $3.2 million in Q4 2023.Diluted earnings/(loss) per share of $0.26 in Q1 2024, compared to $(0.34) in Q4 2023 Non-interest income increased 19.7% to $7.3 million compared to $6.1 million in Q4 2023 and 25.3% compared to $5.8 million in Q1 2023Loan to deposit ratio decreased to 98.4% in Q1 2024, compared to 100.6% in Q4 2023Book value per common share increased 0.8% from $25.33 in Q4 2023 to $25.52 in Q1 2024. Tangible book value per common share(1) increased 0.9% from $22.01 in Q4 2023, to $22.21 in Q1 2024.Total capital to risk-weighted assets ratio of 13.15% in Q1 2
DENVER, April 05, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western"), announced today that it will release financial results for its first quarter ended March 31, 2024 after the markets close on Thursday, April 18, 2024. Management will hold a conference call at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time on Friday, April 19, 2024, to discuss First Western's financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the News & Events page of First Western's investor relations website. Participan
Fourth Quarter 2023 Summary Total deposits increased to $2.53 billion, or 4.5%, from $2.42 billion as of Q3 2023Loan to deposit ratio improved to 100.7% in Q4 2023, compared to 105.1% in Q3 2023Net income available to common shareholders of $0.3 million in Q4 2023, compared to $3.1 million in Q3 2023 and pre-tax, pre-provision net income(1) of $4.1 million in Q4 2023, compared to $4.6 million in Q3 2023Diluted EPS of $0.03 in Q4 2023, compared to $0.32 in Q3 2023 Total capital to risk-weighted assets ratio of 12.82% in Q4 2023, compared to 12.45% in Q3 2023 DENVER, Jan. 25, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. ("First Western" or the "Company") (NASDAQ:M
DENVER, Jan. 05, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western"), announced today that it will release financial results for its fourth quarter ended December 31, 2023 after the markets close on Thursday, January 25, 2024. Management will hold a conference call at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time on Friday, January 26, 2024, to discuss First Western's financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the News & Events page of First Western's investor relations website. Partici
DENVER, June 06, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western" or the "Company"), today announced the appointment of Ellen S. Robinson to the Company's Board of Directors, as well as the retirement of Eric D. Sipf from the Board of Directors. Scott C. Wylie, Chairman and CEO of First Western, said, "We are very pleased to welcome Ellen Robinson to our Board of Directors. Ellen has been a prominent member of the Denver business community for many years and has been a successful executive in large corporate and smaller, entrepreneurial business environments. She is a seasoned bu
DENVER, Feb. 10, 2022 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western" or the "Company"), today announced the appointment of Julie A. Courkamp to the newly created position of Chief Operating Officer. Ms. Courkamp will continue serving in her previous roles as Chief Financial Officer and Treasurer of First Western. Ms. Courkamp also serves on the Board of Directors of First Western Financial, Inc. and First Western Trust Bank. In her role as Chief Operating Officer, Ms. Courkamp will have responsibility for overseeing the Company's operations across the bank, mortgage, trust and inves
Hovde Group reiterated coverage of First Western with a rating of Outperform and set a new price target of $23.50 from $21.00 previously
Hovde Group upgraded First Western from Market Perform to Outperform and set a new price target of $19.00 from $20.50 previously
Hovde Group downgraded First Western from Outperform to Market Perform and set a new price target of $30.00
Piper Sandler downgraded First Western from Overweight to Neutral and set a new price target of $30.00 from $32.00 previously
Piper Sandler initiated coverage of First Western Financial with a rating of Overweight and set a new price target of $25.00
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Third Quarter 2024 Summary Net income available to common shareholders of $2.1 million in Q3 2024, compared to $1.1 million in Q2 2024Diluted earnings per share of $0.22 in Q3 2024, compared to $0.11 in Q2 2024Total deposits increased 3.7% from $2.41 billion in Q2 2024 to $2.50 billion in Q3 2024. Noninterest-bearing deposits increased 19% from $397 million in Q2 2024 to $474 million in Q3 2024Loan-to-Deposit ratio decreased from 101.9% in Q2 2024 to 95.2% in Q3 2024 DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. ("First Western" or the "Company") (NASDAQ:MYFW), today reported financial results for the t
DENVER, Oct. 04, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western"), announced today that it will release financial results for its third quarter ended September 30, 2024 after the markets close on Thursday, October 24, 2024. Management will hold a conference call at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time on Friday, October 25, 2024, to discuss First Western's financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the News & Events page of First Western's investor relations website. Partici
Second Quarter 2024 Summary Book value per common share increased 0.1% from $25.52 in Q1 2024 to $25.55 in Q2 2024. Tangible book value per common share(1) increased 0.2% from $22.21 in Q1 2024 to $22.27 in Q2 2024Net interest margin stabilized during the quarter, with a slight increase of 1 basis point from 2.34% in Q1 2024 to 2.35% in Q2 2024Net income available to common shareholders of $1.1 million in Q2 2024, compared to $2.5 million in Q1 2024Diluted earnings per share of $0.11 in Q2 2024, compared to $0.26 in Q1 2024Total capital to risk-weighted assets ratio of 13.44% in Q2 2024, compared to 13.15% in Q1 2024 DENVER, July 23, 2024 (GLOBE NEWSWIRE) -- First Western Fin
DENVER, July 05, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western"), announced today that it will release financial results for its second quarter ended June 30, 2024 after the markets close on Tuesday, July 23, 2024. Management will hold a conference call at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time on Wednesday, July 24, 2024, to discuss First Western's financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the News & Events page of First Western's investor relations website. Participants on
First Quarter 2024 Summary Net income available to common shareholders of $2.5 million in Q1 2024, compared to a Net loss of $3.2 million in Q4 2023.Diluted earnings/(loss) per share of $0.26 in Q1 2024, compared to $(0.34) in Q4 2023 Non-interest income increased 19.7% to $7.3 million compared to $6.1 million in Q4 2023 and 25.3% compared to $5.8 million in Q1 2023Loan to deposit ratio decreased to 98.4% in Q1 2024, compared to 100.6% in Q4 2023Book value per common share increased 0.8% from $25.33 in Q4 2023 to $25.52 in Q1 2024. Tangible book value per common share(1) increased 0.9% from $22.01 in Q4 2023, to $22.21 in Q1 2024.Total capital to risk-weighted assets ratio of 13.15% in Q1 2
DENVER, April 05, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western"), announced today that it will release financial results for its first quarter ended March 31, 2024 after the markets close on Thursday, April 18, 2024. Management will hold a conference call at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time on Friday, April 19, 2024, to discuss First Western's financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the News & Events page of First Western's investor relations website. Participan
Fourth Quarter 2023 Summary Total deposits increased to $2.53 billion, or 4.5%, from $2.42 billion as of Q3 2023Loan to deposit ratio improved to 100.7% in Q4 2023, compared to 105.1% in Q3 2023Net income available to common shareholders of $0.3 million in Q4 2023, compared to $3.1 million in Q3 2023 and pre-tax, pre-provision net income(1) of $4.1 million in Q4 2023, compared to $4.6 million in Q3 2023Diluted EPS of $0.03 in Q4 2023, compared to $0.32 in Q3 2023 Total capital to risk-weighted assets ratio of 12.82% in Q4 2023, compared to 12.45% in Q3 2023 DENVER, Jan. 25, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. ("First Western" or the "Company") (NASDAQ:M
DENVER, Jan. 05, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western"), announced today that it will release financial results for its fourth quarter ended December 31, 2023 after the markets close on Thursday, January 25, 2024. Management will hold a conference call at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time on Friday, January 26, 2024, to discuss First Western's financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the News & Events page of First Western's investor relations website. Partici
Third Quarter 2023 Summary Net revenue increased $2.0 million, or 9.6%, to $22.5 million in Q3 2023, compared to $20.6 million in Q2 2023 Net income available to common shareholders of $3.1 million in Q3 2023, compared to $1.5 million in Q2 2023 and $6.2 million in Q3 2022Diluted EPS of $0.32 in Q3 2023, compared to $0.16 in Q2 2023 and $0.64 in Q3 2022Book value per common share increased to $25.76, or 1.5%, from $25.38 as of Q2 2023, and was up 4.1% from $24.74 as of Q3 2022Total deposits increased to $2.42 billion, or 1.9%, from $2.38 billion as of Q2 2023, and were up 11.7% from $2.17 billion as of Q3 2022 DENVER, Oct. 19, 2023 (GLOBE NEWSWIRE) -- First Western Financial, Inc. ("Fir
DENVER, Oct. 06, 2023 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western"), announced today that it will release financial results for its third quarter ended September 30, 2023 after the markets close on Thursday, October 19, 2023. Management will hold a conference call at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time on Friday, October 20, 2023, to discuss First Western's financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the News & Events page of First Western's investor relations website. Partici
Keefe, Bruyette & Woods analyst Wood Lay maintains First Western Financial (NASDAQ:MYFW) with a Outperform and lowers the price target from $25 to $23.
First Western Financial (NASDAQ:MYFW) reported quarterly earnings of $0.11 per share which missed the analyst consensus estimate of $0.32 by 65.63 percent. This is a 31.25 percent decrease over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $22.750 million which missed the analyst consensus estimate of $24.200 million by 5.99 percent. This is a 1.58 percent increase over sales of $22.397 million the same period last year.
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Keefe, Bruyette & Woods analyst Wood Lay maintains First Western Financial (NASDAQ:MYFW) with a Outperform and lowers the price target from $26 to $25.
Hovde Group analyst Brett Rabatin upgrades First Western Financial (NASDAQ:MYFW) from Market Perform to Outperform and announces $19 price target.
First Western Financial (NASDAQ:MYFW) reported its Q4 earnings results on Thursday, January 25, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings First Western Financial missed estimated earnings by 90.62%, reporting an EPS of $0.03 versus an estimate of $0.32. Revenue was down $5.99 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.13 which was followed by a 8.45% drop in the share price the next day. Here's a look at First Western Financial's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.45 0.43 0.42 0.65 EPS Actual 0.32 0.25 0.39 0.58 Revenue Estimate 25.3
First Western Financial (NASDAQ:MYFW) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.32 by 90.63 percent. This is a 94.83 percent decrease over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $22.41 million which missed the analyst consensus estimate of $23.83 million by 5.95 percent. This is a 21.09 percent decrease over sales of $28.40 million the same period last year.
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First Western Financial (NASDAQ:MYFW) is set to give its latest quarterly earnings report on Thursday, 2024-01-25. Here's what investors need to know before the announcement. Analysts estimate that First Western Financial will report an earnings per share (EPS) of $0.32. First Western Financial bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.13, which was