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Complete financial analysis of First Western Financial, Inc. (MYFW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Western Financial, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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First Western Financial, Inc. (MYFW)
About First Western Financial, Inc.
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 18 profit centers, including 14 boutique private trust bank offices with 2 locations in Arizona, 9 locations in Colorado, and 3 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 82.70M | 1.45M | 96.66M | 97.28M | 64.64M | 57.08M | 55.29M | 54.38M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 82.70M | 1.45M | 96.66M | 97.28M | 64.64M | 57.08M | 55.29M | 54.38M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 47.89M | 54.60M | 50.78M | 42.82M | 38.85M | 37.89M | 35.01M | 34.76M |
| Selling & Marketing | 1.54M | 1.89M | 1.61M | 1.48M | 1.29M | 1.25M | 1.49M | 2.18M |
| SG&A | 49.43M | 56.49M | 52.39M | 44.30M | 40.14M | 39.15M | 36.50M | 36.94M |
| Other Expenses | 41.50M | -23.39M | -121.77M | -108.52M | -94.59M | -80.63M | -81.02M | -82.68M |
| Operating Expenses | 90.93M | 1.89M | -69.38M | -64.22M | -54.45M | -41.49M | -44.52M | -45.75M |
| Cost & Expenses | 90.93M | 1.89M | -69.38M | -64.22M | -54.45M | -41.49M | -44.52M | -45.75M |
| Interest Income | 144.94M | 100.09M | 61.93M | 53.33M | 45.05M | 38.80M | 33.34M | 29.52M |
| Interest Expense | 74.45M | 17.27M | 5.42M | 7.23M | 12.99M | 8.17M | 5.76M | 5.06M |
| Depreciation & Amortization | 2.38M | 2.11M | 1.22M | 1.11M | 1.67M | 2.23M | 2.48M | 2.45M |
| EBITDA | 0.00 | 30.84M | 28.54M | 34.18M | 10.36M | 0.00 | 7.45M | 5.99M |
| EBITDA Ratio | 0.00% | 3,311.08% | 28.24% | 34.04% | 16.34% | 31.21% | 23.90% | 20.33% |
| Operating Income | 7.06M | 47.80M | 27.28M | 33.06M | 10.19M | 15.59M | 10.77M | 8.63M |
| Operating Income Ratio | 8.54% | 3,289.88% | 28.22% | 33.99% | 15.77% | 27.32% | 19.48% | 15.88% |
| Total Other Income/Expenses | 0.00 | -4.86M | -7.37M | -4.31M | -4.56M | -3.20M | -2.79M | -3.54M |
| Income Before Tax | 7.06M | 28.83M | 27.28M | 33.06M | 10.19M | 7.42M | 5.01M | 3.57M |
| Income Before Tax Ratio | 8.54% | 1,984.03% | 28.22% | 33.99% | 15.77% | 13.00% | 9.06% | 6.57% |
| Income Tax Expense | 1.84M | 7.13M | 6.67M | 8.53M | 2.18M | 1.78M | 2.98M | 1.27M |
| Net Income | 5.23M | 21.70M | 20.61M | 24.53M | 8.01M | 5.65M | 2.02M | 2.30M |
| Net Income Ratio | 6.32% | 1,493.32% | 21.32% | 25.22% | 12.39% | 9.89% | 3.66% | 4.23% |
| EPS | 0.55 | 2.29 | 2.58 | 3.11 | 1.02 | 0.84 | -0.05 | -0.09 |
| EPS Diluted | 0.54 | 2.23 | 2.50 | 3.08 | 1.01 | 0.84 | -0.05 | -0.09 |
| Weighted Avg Shares Out | 9.54M | 9.46M | 7.98M | 7.90M | 7.89M | 6.71M | 7.54M | 7.54M |
| Weighted Avg Shares Out (Dil) | 9.73M | 9.71M | 8.24M | 7.96M | 7.91M | 6.75M | 7.76M | 7.76M |
First Western (MYFW) Q1 Earnings Top Estimates
First Western Reports First Quarter 2021 Financial Results
First Western (MYFW) Reports Next Week: Wall Street Expects Earnings Growth
First Western Financial: Solid Profitability And A Long Runway For Growth
First Western Financial: Outlook For Balance Sheet Growth Remains Positive
First Western (MYFW) Q4 Earnings and Revenues Lag Estimates
First Western Financial: Q4 Earnings Insights
First Western Reports Fourth Quarter 2020 Financial Results
Is First Western Financial (MYFW) A Good Stock To Buy?
First Western Financial, Inc. Announces Completion of Sale of Los Angeles-Based Fixed Income Team
Source: https://incomestatements.info
Category: Stock Reports