First Western Financial, Inc. (MYFW) Income Statement Analysis

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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)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.myfw.com

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	0.00	-23.39M	-121.77M	-108.52M	-94.59M	-80.63M	-81.02M	-82.68M
Operating Expenses	70.01M	1.89M	-69.38M	-64.22M	-54.45M	-41.49M	-44.52M	-45.75M
Cost & Expenses	70.01M	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	0.54	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	9.68M	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 Financial, Inc. Announces Stock Repurchase Program

November 3, 2020globenewswire.com

DENVER, Nov. 03, 2020 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western” or “the Company”), announced today that its Board of Directors has approved a stock repurchase program...

Analyzing Citizens Financial Services (OTCMKTS:CZFS) and First Western Financial (OTCMKTS:MYFW)

August 2, 2020thelincolnianonline.com

First Western Financial (NASDAQ:MYFW) and Citizens Financial Services (OTCMKTS:CZFS) are both small-cap finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their dividends, risk, analyst recommendations, earnings, valuation, profitability and...

First Western Financial, Inc. 2020 Q2 - Results - Earnings Call Presentation

July 24, 2020seekingalpha.com

The following slide deck was published by First Western Financial, Inc. in conjunction with their 2020 Q2 earnings call..

Critical Analysis: First Western Financial (NASDAQ:MYFW) & Peoples Financial (NASDAQ:PFBX)

July 15, 2020thelincolnianonline.com

First Western Financial (NASDAQ:MYFW) and Peoples Financial (OTCMKTS:PFBX) are both small-cap finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, profitability, dividends, valuation, earnings, risk and analyst...

Franklin Resources Inc. Takes $140,000 Position in First Western Financial Inc (NASDAQ:MYFW)

June 17, 2020thelincolnianonline.com

Franklin Resources Inc. bought a new stake in First Western Financial Inc (NASDAQ:MYFW) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,500 shares of...