First Western Financial Inc (MYFW) SEC Filings & Earnings Calls
EquiReason read 10 First Western Financial Inc SEC filings in the last 12 months. Latest: 8-K on 2026-10-22 — Q3 2026 earnings: net income $6.0M, EPS $0.60 (up 88% YoY), NIM up for 4th consecutive quarter, loan growth 3.5% QoQ, NPAs down 41.6% YoY..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 292.8M
- P/E TTM
- 16.1
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 20 Jan, in 88 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
22 Oct 20268-K · 2.02, 7.01Q3 2026 earnings: net income $6.0M, EPS $0.60 (up 88% YoY), NIM up for 4th consecutive quarter, loan growth 3.5% QoQ, NPAs down 41.6% YoY.earningsopen
Figures in the filing · each found in the filing text
| Net income available to common shareholders · Q3-2026 | $6M | +88% y/y |
| Diluted earnings per share · Q3-2026 | $0.60 | +88% y/y |
| Tangible book value per share · Q3-2026 | $25.53 |
Risks flagged
Geographic concentration in Colorado, Arizona, Wyoming, California, and Montana; exposure to real estate values and commercial loans.
“Risk factors mention geographic concentration and real estate exposure.”
31 Jul 202610-QFirst Western Financial reported strong Q2 2026 results with net interest income up 21.7% YoY and net income up 128.9% YoY, driven by loan growth and credit improvement.earningsopen
Figures in the filing · each found in the filing text
| Net interest income · Q2-2026 | $22M | +22% y/y |
| Net income available to common shareholders · Q2-2026 | $6M | +129% y/y |
| Total loans · 2026-06-30 | $2.71B | |
| Total deposits · 2026-06-30 | $2.85B | |
| Trust and investment management fees · Q2-2026 | $5M | +5% y/y |
| Net gain on mortgage loans · Q2-2026 | $906000.00 | -24% y/y |
| Provision for credit losses · Q2-2026 | $-469000.00 | |
| Earnings per share (diluted) · Q2-2026 | $0.57 | +119% y/y |
Risks flagged
Geographic concentration in real estate markets
“83.4% of loan portfolio secured by real estate; operations concentrated in Colorado, Arizona, etc.”
Interest rate sensitivity
“Derivatives used to hedge variable rate deposits and borrowings; net interest income sensitive to rate changes.”
24 Jul 20268-K · 7.01Furnishing of investor presentation materials under Regulation FD; no material new operational or financial event disclosed.open
Figures in the filing · each found in the filing text
| Assets · 2026-06-30 | $3.24B | |
| Total Loans · 2026-06-30 | $2.71B | |
| Total Deposits · 2026-06-30 | $2.85B | |
| AUM · 2026-06-30 | $7.28B |
Risks flagged
Geographic concentration in Rocky Mountain states; interest rate sensitivity; credit risk from commercial loans.
“Risk factors: geographic concentration, interest rate changes, credit risk.”
23 Jul 20268-K · 2.02, 7.01First Western Financial reported Q2 2026 net income of $5.7M, EPS $0.57 (up 119% YoY), NIM expansion for third consecutive quarter, and tangible book value per share increase to $25.53.earningsopen
Figures in the filing · each found in the filing text
| Net income available to common shareholders · Q2-2026 | $6M | +129% y/y |
| Diluted earnings per share · Q2-2026 | $0.57 | +119% y/y |
| Tangible book value per share · Q2-2026 | $25.53 |
Risks flagged
Geographic concentration in Colorado, Arizona, Wyoming, California, and Montana could expose the bank to regional economic downturns.
“Risk of geographic concentration in Colorado, Arizona, Wyoming, California, and Montana.” · word for word
Interest rate changes could reduce net interest margins and net interest income.
“Risk of changes in interest rates could reduce our net interest margins and Net interest income.” · word for word
1 May 202610-QFirst Western Financial reported a strong Q1 2026 with net income up 47.6% YoY to $6.2 million, driven by net interest margin expansion and a release of provision for credit losses.earningsopen
Figures in the filing · each found in the filing text
| Net income available to common shareholders · Q1-2026 | $6M | +48% y/y |
| Net interest income · Q1-2026 | $21M | +20% y/y |
| Net interest margin · Q1-2026 | 2.8% | |
| Total deposits · 2026-03-31 | $2.84B | |
| Total loans, net of allowance · 2026-03-31 | $2.67B | |
| Total assets · 2026-03-31 | $3.24B | |
| Allowance for credit losses · 2026-03-31 | $21M | |
| Non-accrual loans · 2026-03-31 | $16M | |
| Assets under management · 2026-03-31 | $7.24B | |
| Diluted earnings per share · Q1-2026 | $0.63 | +47% y/y |
Risks flagged
Commercial Real Estate Concentration
“As of March 31, 2026 and December 31, 2025, 83.7 % and 84.2 %, respectively, of the Company’s loan portfolio was secured by real estate collateral.” · word for word
Geographic Concentration
“Most of the Company’s lending activity is to clients located in and around metro Denver, Aspen, Fort Collins, Loveland, Boulder, and Vail, Colorado; Phoenix and Scottsdale, Arizona; Bozeman, Montana; and Jackson, Cheyenne, Pinedale, and Rock Springs, Wyoming.” · word for word
Substandard Loan Exposure
“Total substandard $ 98,437”
Non-Performing Assets
“Total non-performing assets $ 16,311” · word for word
24 Apr 2026DEF 14AProxy statement (DEF 14A) detailing executive compensation, governance, and 2025 financial performance.open
Figures in the filing · each found in the filing text
| Net Income Available to Common Shareholders · FY2025 | $13M | +55% y/y |
| Diluted EPS · FY2025 | $1.34 | +54% y/y |
| Total Deposits · FY2025 | $2.75B | +10% y/y |
| Total Loans · FY2025 | $2.69B | +10% y/y |
| Non-Performing Assets · FY2025 | $20M | -60% y/y |
| Book Value Per Share · FY2025 | $27.30 | +5% y/y |
| Tangible Book Value Per Share · FY2025 | $24.07 | +5% y/y |
Risks flagged
Concentration Risk in Colorado Market
“He also has extensive knowledge of the Colorado markets that we serve.” · word for word
Interest Rate Sensitivity
“Macro-economic risks, such as inflation, interest rate fluctuations, reductions in economic growth, or recession” · word for word
23 Apr 20268-K · 2.02, 7.01First Western Financial Q1 2026 net income $6.2M ($0.63 diluted EPS), +85% QoQ, +47% YoY; NIM improved; deposits +3.5%; loans +1.5%; positive trends in asset quality.earningsopen
Figures in the filing · each found in the filing text
| Net Income Available to Common Shareholders · Q1-2026 | $6M | +48% y/y |
| Loans Held for Investment · Q1-2026 | $41M | |
| Total Deposits · Q1-2026 | $95M |
Risks flagged
Geographic concentration in Colorado, Arizona, Wyoming, California, and Montana.
“the risk of geographic concentration in Colorado, Arizona, Wyoming, California, and Montana” · word for word
Interest rate risk could reduce net interest margins and net interest income.
“the risk of changes in interest rates could reduce our net interest margins and Net interest income” · word for word
Credit risk from commercial loans and real estate exposure.
“risks specific to commercial loans and borrowers; increased credit risk, including as a result of deterioration in economic conditions”
27 Feb 202610-KFirst Western Financial reported a 55.3% increase in net income available to common shareholders for FY2025, driven by net interest margin expansion and loan growth.earningsopen
Figures in the filing · each found in the filing text
| Net interest margin · FY2025 | 2.6% | |
| Total deposits · FY2025 | $2.75B | +9% y/y |
| Total loans, net of allowance · FY2025 | $2.63B | +9% y/y |
| Assets under management · FY2025 | $7.28B | -1% y/y |
| Net interest income · FY2025 | $75M | +17% y/y |
| Provision for credit losses · FY2025 | $5M | +160% y/y |
| Net income available to common shareholders · FY2025 | $13M | +55% y/y |
| Total assets · FY2025 | $3.15B | +8% y/y |
| Total shareholders' equity · FY2025 | $266M | +5% y/y |
| Allowance for credit losses · FY2025 | $21M | +17% y/y |
Risks flagged
Commercial Real Estate Concentration
“As of December 31, 2025, our CRE 1 Concentration level was 64.0% and our CRE 2 Concentration level was 277.2%.” · word for word
Geographic Concentration
“As of December 31, 2025, 83.0% of the loans in our loan portfolio were made to borrowers who live in or conduct business in those states.” · word for word
Large Client Concentration (AUM)
“As of December 31, 2025, our largest trust client accounted for, in the aggregate, 36.8% of our total assets under management and 4.6% of our total Trust and investment management fees.” · word for word
Large Depositor Concentration
“As of December 31, 2025, 36.3% of our total deposits consisted of our 10 largest depositors.” · word for word
Credit Loss Provision Increase
“For the years ended December 31, 2025 and 2024, we recorded $5.0 million and $1.9 million Provision for credit losses, respectively.” · word for word
22 Jan 20268-K · 2.02, 7.01Q4 2025 net income $3.3M ($0.34 diluted EPS, +21% YoY); NII up for 5th consecutive quarter; NIM improvement; loan growth $59M; TBV per share up 1.6% to $24.07; OREO write-down of $1.4M negatively impacted EPS by $0.10.earningsopen
Figures in the filing · each found in the filing text
| Net Income Available to Common Shareholders · Q4-2025 | $3M | +21% y/y |
| Tangible Book Value Per Share · Q4-2025 | $24.07 | |
| Loans Held for Investment · Q4-2025 | $59M | |
| OREO Write-down · Q4-2025 | $1M |
Risks flagged
OREO write-down indicates potential stress in real estate portfolio, though management characterizes it as one-time.
“4Q25 included a $1.4 million write-down in Other real estate owned ("OREO") that negatively impacted diluted EPS by $0.10.” · word for word
Geographic concentration in Colorado, Arizona, Wyoming, California, and Montana exposes the bank to regional economic downturns.
“The risk of geographic concentration in Colorado, Arizona, Wyoming, California, and Montana.” · word for word
Interest rate sensitivity: changes in interest rates could reduce net interest margins and net interest income.
“The risk of changes in interest rates could reduce our net interest margins and Net interest income.” · word for word
31 Oct 202510-QFirst Western Financial reported Q3 2025 net income of $3.2M, up 49% YoY, driven by net interest income growth and loan expansion, partially offset by higher provision for credit losses.earningsopen
Figures in the filing · each found in the filing text
| Net income available to common shareholders · Q3-2025 | $3M | +49% y/y |
| Net interest income · Q3-2025 | $19M | +25% y/y |
| Provision for credit losses · Q3-2025 | $2M | +351% y/y |
| Trust and investment management fees · Q3-2025 | $5M | -2% y/y |
| Total loans · 2025-09-30 | $2.59B | |
| Total deposits · 2025-09-30 | $2.85B | |
| Earnings per common share (diluted) · Q3-2025 | $0.32 | +46% y/y |
Risks flagged
Rising provision for credit losses
“Provision for credit losses $2,257 vs $501”
Geographic concentration in real estate
“As of September 30, 2025 and December 31, 2024, 79.4 % and 78.9 %, respectively, of the Company’s loan portfolio was secured by real estate collateral.” · word for word
Decline in wealth management fees
“Trust and investment management fees $4,629 vs $4,728”
First Western Financial Inc — questions
- What did First Western Financial Inc file recently?
- 10 SEC filings in the last 12 months. Latest: 8-K on 2026-10-22 — Q3 2026 earnings: net income $6.0M, EPS $0.60 (up 88% YoY), NIM up for 4th consecutive quarter, loan growth 3.5% QoQ, NPAs down 41.6% YoY.
Every figure on this page comes from First Western Financial Inc's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.