First Western Financial Inc MYFW
First Western Financial, Inc. is a financial holding company headquartered in Denver, Colorado. We provide a fully integrated suite of wealth management services on our private trust bank platform, which includes a comprehensive selection of deposit, loan, trust, wealth planning and investment management products and services. We believe our integrated business model distinguishes us from other banks and non-bank financial services companies in the markets in which we operate. As of December 31, 2025, we provided fiduciary and advisory services on $7.28 billion of trust and investment management assets (AUM), and we had total assets of $3.15 billion, total loans excluding mortgage loans held for sale of $2.65 billion, total deposits of $2.75 billion, and total shareholders' equity of $265.6 million.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $96.9M | $90.1M | $82.7M | $107.9M | $95.4M | $92.6M | $64.0M | $57.6M | $54.5M | — |
| Interest expense | $75.4M | $64.3M | $74.5M | $17.3M | $5.4M | $7.2M | $13.0M | $8.2M | $5.8M | — |
| Pre-tax income | $17.1M | $11.6M | $7.1M | $28.8M | $27.3M | $33.1M | $10.2M | $7.4M | $5.0M | — |
| Income tax | $3.9M | $3.1M | $1.8M | $7.1M | $6.7M | $8.5M | $2.2M | $1.8M | $3.0M | — |
| Net income | $13.2M | $8.5M | $5.2M | $21.7M | $20.6M | $24.5M | $8.0M | $5.6M | $2.0M | — |
| EPS, basic | 1.36 | 0.88 | 0.55 | 2.29 | 2.58 | 3.11 | 1.02 | 0.64 | -0.05 | — |
| EPS, diluted | 1.34 | 0.87 | 0.54 | 2.23 | 2.50 | 3.08 | 1.01 | 0.63 | -0.05 | — |
| Shares, diluted (wtd. avg.) | 9.8M | 9.8M | 9.7M | 9.7M | 8.2M | 8.0M | 7.9M | 6.8M | 5.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $200.3M | $237.9M | $255.2M | $196.5M | $387.0M | $156.0M | $78.6M | $73.4M | $9.5M | $62.7M |
| Property, plant and equipment | $25.7M | $24.1M | $25.3M | $25.1M | $24.0M | $5.3M | $5.2M | $6.1M | $6.8M | — |
| Goodwill | $30.4M | $30.4M | $30.4M | $30.4M | $30.6M | $24.2M | $19.7M | $24.8M | $24.8M | — |
| Other intangibles | $1.0M | $1.2M | $1.5M | $1.7M | $1.3M | $67.0K | $28.0K | $402.0K | $1.2M | — |
| Total assets | $3.15B | $2.92B | $2.98B | $2.87B | $2.53B | $1.97B | $1.25B | $1.08B | $969.7M | — |
| Long-term debt | — | $0 | — | — | — | — | — | — | — | — |
| Total liabilities | $2.89B | $2.67B | $2.73B | $2.63B | $2.31B | $1.82B | $1.12B | $967.4M | $867.8M | — |
| Retained earnings | $72.7M | $59.5M | $51.0M | $51.9M | $30.2M | $9.6M | -$15.0M | -$23.2M | -$27.3M | — |
| Total equity | $265.6M | $252.3M | $242.7M | $240.9M | $219.0M | $155.0M | $127.7M | $116.9M | $101.8M | $95.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.8M | $606.0K | $21.9M | $48.3M | $162.5M | -$93.3M | -$21.5M | $17.8M | -$5.4M | — |
| Depreciation and amortisation | $2.6M | $2.6M | $2.4M | $2.0M | $1.3M | $1.1M | $1.7M | $2.2M | $2.4M | — |
| Stock-based compensation | $2.2M | $1.5M | $1.8M | $2.6M | $2.9M | $2.5M | $2.3M | $1.9M | $1.3M | — |
| Capital expenditure | $4.0M | $1.2M | $2.3M | $3.0M | $2.1M | $1.2M | $415.0K | $714.0K | $499.0K | — |
| Investing cash flow | -$264.4M | $66.4M | -$66.4M | -$558.8M | -$43.0M | -$456.0M | -$116.4M | -$63.1M | -$102.1M | — |
| Financing cash flow | $228.6M | -$84.3M | $102.4M | $320.0M | $111.5M | $626.7M | $143.2M | $109.1M | $54.3M | — |
| Buybacks | $784.0K | $89.0K | $0 | — | — | $377.0K | $743.0K | $181.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-027213.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $54.5M | $57.6M | $64.0M | $92.6M | $95.4M | $107.9M | $82.7M | $90.1M | $96.9M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | — | $2.0M | $5.6M | $8.0M | $24.5M | $20.6M | $21.7M | $5.2M | $8.5M | $13.2M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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