NASDAQ : MYFW
First Western Financial, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 31 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 302.94M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 155.96M | 145.69M | 140.63M | 136.76M | 96.52M | 60.76M |
| Interest Income on Investments | 13.26M | 14.10M | 12.02M | 8.79M | 4.68M | 1.25M |
| Total Interest Income | 169.22M | 159.79M | 152.65M | 145.56M | 101.20M | 62.01M |
| Interest Paid on Deposits | 78.69M | 79.46M | 82.54M | 65.46M | 13.01M | 3.48M |
| Interest Paid on Borrowings | 4.34M | 4.96M | 5.79M | 8.99M | 4.26M | 1.93M |
| Total Interest Expense | 83.03M | 84.42M | 88.33M | 74.45M | 17.27M | 5.42M |
| Net Interest Income | 86.18M | 75.37M | 64.32M | 71.11M | 83.93M | 56.59M |
| Trust Income | 18.99M | 18.45M | 19.19M | 18.79M | 18.94M | 20.20M |
| Gain (Loss) on Sale of Assets | -7.00K | 459.00K | 48.00K | |||
| Gain (Loss) on Sale of Investments | -36.00K | 14.00K | -33.00K | -22.00K | 349.00K | 469.00K |
| Other Non-Interest Income | 2.48M | 2.98M | 4.71M | 2.54M | 4.72M | 3.31M |
| Total Non-Interest Income | 24.93M | 26.57M | 27.68M | 21.95M | 27.74M | 40.04M |
| Revenues Before Loan Losses | 111.11M | 101.94M | 92.00M | 93.05M | 111.66M | 96.64M |
| Provision for Loan Losses | 365.00K | 5.03M | 1.93M | 10.36M | 3.68M | 1.23M |
| Revenue | 110.75M | 96.91M | 90.07M | 82.70M | 107.98M | 95.41M |
| Salaries and Employee Benefits | 48.05M | 43.95M | 43.55M | 43.36M | 45.69M | 37.30M |
| Occupancy Expenses | 4.29M | 2.83M | 2.63M | 2.68M | 2.27M | 1.19M |
| Amortization of Goodwill & Intangibles | 196.00K | 206.00K | 226.00K | 250.00K | 308.00K | 17.00K |
| Selling, General & Administrative | 23.85M | 25.53M | 24.65M | 23.97M | 26.35M | 22.27M |
| Other Non-Interest Expense | 7.14M | 7.34M | 7.44M | 5.37M | 4.55M | 3.25M |
| Total Non-Interest Expense | 83.53M | 79.84M | 78.49M | 75.64M | 79.15M | 64.03M |
| EBT Excluding Unusual Items | 27.22M | 17.07M | 11.58M | 7.06M | 28.83M | 31.38M |
| Pretax Income | 27.22M | 17.07M | 11.58M | 7.06M | 28.83M | 27.28M |
| Income Tax Expense | 5.99M | 3.89M | 3.11M | 1.84M | 7.13M | 6.67M |
| Net Income | 21.23M | 13.19M | 8.47M | 5.22M | 21.70M | 20.61M |
| Net Income to Common | 21.23M | 13.19M | 8.47M | 5.22M | 21.70M | 20.61M |
| Basic Shares Outstanding | 9.72M | 9.71M | 9.65M | 9.54M | 9.46M | 7.98M |
| Diluted Shares Outstanding | 9.93M | 9.83M | 9.76M | 9.73M | 9.71M | 8.24M |
| EPS (Basic) | 2.18 | 1.36 | 0.88 | 0.55 | 2.29 | 2.58 |
| EPS (Diluted) | 2.14 | 1.34 | 0.87 | 0.54 | 2.23 | 2.50 |
| Effective Tax Rate | 21.99% | 22.76% | 26.82% | 26.00% | 24.73% | 24.45% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 166.25M | 200.28M | 237.94M | 254.44M | 196.51M | 386.98M |
| Investment Securities | 152.71M | 40.87M | 36.97M | 32.72M | 30.39M | 17.40M |
| Trading Asset Securities | 1.70M | 1.42M | 1.11M | |||
| Mortgage-Backed Securities | 152.54M | 112.33M | 48.27M | 50.23M | 56.99M | 43.47M |
| Total Investments | 305.25M | 154.91M | 86.66M | 84.06M | 87.38M | 60.87M |
| Gross Loans | 2.81B | 2.65B | 2.43B | 2.53B | 2.47B | 1.95B |
| Allowance for Loan Losses | -20.79M | -21.44M | -18.33M | -23.93M | -17.18M | -13.73M |
| Other Adjustments to Gross Loans | -4.61M | |||||
| Net Loans | 2.79B | 2.63B | 2.41B | 2.51B | 2.45B | 1.94B |
| Property, Plant & Equipment | 25.46M | 46.17M | 43.29M | 34.19M | 33.72M | 34.70M |
| Goodwill | 30.40M | 30.40M | 30.40M | 30.40M | 30.59M | |
| Other Intangible Assets | 31.28M | 1.02M | 1.23M | 1.45M | 1.70M | 1.31M |
| Loans Held for Sale | 18.99M | 40.18M | 25.71M | 7.25M | 10.80M | 30.62M |
| Accrued Interest Receivable | 12.52M | 11.21M | 10.36M | 11.43M | 10.45M | 7.15M |
| Other Receivables | 5.45M | 7.02M | 10.47M | 9.56M | 6.85M | 7.22M |
| Other Current Assets | 115.00K | |||||
| Long-Term Deferred Tax Assets | 5.57M | 4.00M | 3.08M | 6.41M | 6.91M | 6.84M |
| Other Real Estate Owned & Foreclosed | 3.04M | 35.93M | ||||
| Other Long-Term Assets | 64.62M | 21.05M | 20.91M | 22.16M | 22.71M | 24.06M |
| Total Assets | 3.42B | 3.15B | 2.92B | 2.98B | 2.87B | 2.53B |
| Interest Bearing Deposits | 2.50B | 2.29B | 2.04B | 1.96B | 1.74B | 1.49B |
| Institutional Deposits | 115.31M | 96.31M | 91.04M | 77.97M | 75.75M | |
| Non-Interest Bearing Deposits | 420.57M | 344.97M | 375.60M | 482.58M | 583.09M | 636.30M |
| Total Deposits | 2.92B | 2.75B | 2.51B | 2.53B | 2.41B | 2.21B |
| Short-Term Borrowings | 180.04M | 64.90M | 56.16M | 42.02M | 131.70M | |
| Current Portion of Long-Term Debt | 509.00K | 81.00M | 10.00M | 5.00M | ||
| Current Portion of Leases | 1.93M | |||||
| Accrued Interest Payable | 1.59M | 1.29M | 2.00M | 3.79M | 1.12M | 355.00K |
| Long-Term Debt | 34.88M | 44.77M | 54.60M | 55.88M | 57.52M | 62.66M |
| Federal Home Loan Bank Debt, Long-Term | 10.00M | |||||
| Long-Term Leases | 21.08M | 20.96M | 10.90M | 11.16M | 13.86M | |
| Other Long-Term Liabilities | 8.45M | 18.99M | 10.20M | 9.35M | 10.87M | |
| Total Liabilities | 3.13B | 2.89B | 2.67B | 2.73B | 2.63B | 2.31B |
| Additional Paid-In Capital | 194.17M | 193.59M | 192.89M | 190.49M | 188.63M | |
| Retained Earnings | 72.70M | 59.52M | 51.04M | 51.89M | 30.19M | |
| Comprehensive Income & Other | -1.31M | -778.00K | -1.20M | -1.52M | 223.00K | |
| Shareholders' Equity | 288.12M | 265.56M | 252.32M | 242.74M | 240.86M | 219.04M |
| Total Liabilities & Equity | 3.42B | 3.15B | 2.92B | 2.98B | 2.87B | 2.53B |
| Total Debt | 214.93M | 133.20M | 131.72M | 189.79M | 210.38M | 91.52M |
| Net Cash (Debt) | -48.68M | 68.78M | 107.64M | 65.76M | -13.87M | 295.46M |
| Net Cash Per Share | -4.90 | 7.00 | 11.03 | 6.76 | -1.43 | 35.88 |
| Filing Date Shares Outstanding | 9.77M | 9.74M | 9.70M | 9.62M | 9.51M | 9.43M |
| Total Common Shares Outstanding | 9.77M | 9.73M | 9.67M | 9.58M | 9.50M | 9.42M |
| Book Value Per Share | 29.48 | 27.30 | 26.10 | 25.33 | 25.37 | 23.25 |
| Tangible Book Value | 256.84M | 234.14M | 220.69M | 210.88M | 208.76M | 187.14M |
| Tangible Book Value Per Share | 26.28 | 24.07 | 22.83 | 22.01 | 21.99 | 19.87 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 13.19M | 8.47M | 5.22M | 21.70M | 20.61M | |
| Depreciation & Amortization | 2.64M | 2.56M | 2.38M | 2.01M | 1.26M | |
| Gain (Loss) on Sale of Assets | 933.00K | 1.11M | 8.00K | -69.00K | 27.00K | |
| Gain (Loss) on Sale of Investments | 1.00K | -42.00K | 8.00K | -212.00K | 201.00K | |
| Total Asset Writedown | 621.00K | 138.00K | 457.00K | 55.00K | 187.00K | |
| Provision for Credit Losses | 5.02M | 2.93M | 12.37M | 4.57M | 13.47M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -11.06M | -13.68M | 4.42M | 27.31M | 138.75M | |
| Accrued Interest Receivable | 1.71M | 480.00K | -4.51M | -3.65M | 695.00K | |
| Change in Other Net Operating Assets | -18.00K | 550.00K | -307.00K | 426.00K | -275.00K | |
| Other Operating Activities | -2.97M | 2.23M | 1.06M | -173.00K | -1.11M | |
| Operating Cash Flow | -1.80M | 606.00K | 21.88M | 48.28M | 162.51M | |
| Capital Expenditures | -3.97M | -1.21M | -2.35M | -2.97M | -2.11M | |
| Sale of Property, Plant and Equipment | 125.00K | |||||
| Cash Acquisitions | 121.00M | |||||
| Investment in Securities | -66.32M | -1.85M | 6.10M | -28.14M | -3.51M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -225.82M | 67.75M | -70.72M | -524.09M | -159.58M | |
| Other Investing Activities | -324.00K | 1.75M | 575.00K | -4.14M | 982.00K | |
| Investing Cash Flow | -264.44M | 66.44M | -66.39M | -558.80M | -43.02M | |
| Short-Term Debt Issued | 187.07M | 240.03M | 1.48B | 677.42M | ||
| Long-Term Debt Issued | 10.00M | 361.66M | 19.51M | 98.34M | ||
| Total Debt Issued | 187.07M | 250.03M | 1.84B | 696.93M | 98.34M | |
| Short-Term Debt Repaid | -179.73M | -276.20M | -1.57B | -545.92M | ||
| Long-Term Debt Repaid | -9.53M | -42.50M | -292.51M | -29.82M | -194.61M | |
| Total Debt Repaid | -189.26M | -318.70M | -1.87B | -575.74M | -194.61M | |
| Net Debt Issued (Repaid) | -2.20M | -68.67M | -21.18M | 121.19M | -96.27M | |
| Issuance of Common Stock | 245.00K | 179.00K | 1.71M | |||
| Repurchase of Common Stock | -1.59M | -795.00K | -439.00K | -876.00K | -501.00K | |
| Net Increase (Decrease) in Deposit Accounts | 232.37M | -14.83M | 123.81M | 199.56M | 206.57M | |
| Financing Cash Flow | 228.58M | -84.30M | 102.44M | 320.05M | 111.50M | |
| Net Cash Flow | -37.66M | -17.25M | 57.93M | -190.47M | 230.99M | |
| Free Cash Flow | -5.77M | -607.00K | 19.53M | 45.31M | 160.41M | |
| Free Cash Flow Margin | -5.95% | -0.67% | 23.62% | 41.96% | 168.13% | |
| Free Cash Flow Per Share | -0.59 | -0.06 | 2.01 | 4.67 | 19.48 | |
| Cash Interest Paid | 85.12M | 90.12M | 71.78M | 16.50M | 5.51M | |
| Cash Income Tax Paid | 93.00K | 2.91M | 5.24M | 6.34M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 310.02M | 260.45M | 188.93M | 189.61M | 267.20M | 243.87M |
| Last Close Price | 31.00 | 26.81 | 19.55 | 19.83 | 28.15 | 30.36 |
| PE Ratio | 14.81 | 19.75 | 22.30 | 36.29 | 12.31 | 11.83 |
| PS Ratio | 2.74 | 2.69 | 2.10 | 2.29 | 2.47 | 2.56 |
| PB Ratio | 1.05 | 0.98 | 0.75 | 0.78 | 1.11 | 1.11 |
| P/FCF Ratio | 13.28 | 9.71 | 5.90 | 1.52 | ||
| P/OCF Ratio | 11.34 | 311.77 | 8.67 | 5.54 | 1.50 | |
| Debt / Equity Ratio | 0.75 | 0.50 | 0.52 | 0.78 | 0.87 | 0.42 |
| Debt / FCF Ratio | 9.72 | 4.64 | 0.57 | |||
| Net Debt / Equity Ratio | 0.17 | -0.26 | -0.43 | -0.27 | 0.06 | -1.35 |
| Net Debt / FCF Ratio | 11.92 | 177.33 | -3.37 | 0.31 | -1.84 | |
| Return on Equity (ROE) | 7.73% | 5.09% | 3.42% | 2.16% | 9.44% | 11.02% |
| Return on Assets (ROA) | 0.64% | 0.43% | 0.29% | 0.18% | 0.80% | 0.92% |
| Earnings Yield | 6.75% | 5.06% | 4.49% | 2.76% | 8.12% | 8.45% |
| FCF Yield | 7.53% | -2.21% | -0.32% | 10.30% | 16.96% | 65.78% |
| Buyback Yield / Dilution | -1.14% | -0.76% | -0.31% | -0.13% | -17.95% | -3.43% |