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MYFW

First Western Financial, Inc.

MYFW

First Western Financial, Inc. • NASDAQ
$24.35 ▲ 1.76% (+0.42)
Market Cap $236.55 M
52w High $24.88
52w Low $17.10
Dividend Yield 0%
P/E 19.02
Volume 29.38K
Outstanding Shares 9.71M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $49.616M ▲ $20.074M ▲ $3.186M ▲ 6.421% ▲ $0.33 ▲ $4.61M ▲
Q2-2025 $43.805M ▼ $19.099M ▼ $2.503M ▼ 5.714% ▼ $0.26 ▼ $4.01M ▼
Q1-2025 $44.543M ▲ $19.361M ▲ $4.185M ▲ 9.395% ▲ $0.43 ▲ $6.029M ▲
Q4-2024 $42.004M ▼ $17.863M ▼ $2.748M ▲ 6.542% ▲ $0.28 ▲ $4.57M ▲
Q3-2024 $45.062M $19.368M $2.134M 4.736% $0.22 $3.324M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $63.066M ▼ $3.24B ▲ $2.979B ▲ $261.495M ▲
Q2-2025 $232.314M ▼ $3.027B ▲ $2.768B ▲ $258.847M ▲
Q1-2025 $271.582M ▲ $2.906B ▼ $2.65B ▼ $256.555M ▲
Q4-2024 $236.041M ▼ $2.919B ▲ $2.667B ▲ $252.322M ▲
Q3-2024 $276.222M $2.912B $2.663B $248.831M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $3.186M ▲ $10.025M ▲ $-46.066M ▲ $206.86M ▲ $0 ▲ $8.956M ▲
Q2-2025 $2.503M ▼ $-9.084M ▼ $-147.444M ▼ $117.26M ▲ $-39.268M ▼ $-9.659M ▼
Q1-2025 $4.185M ▲ $8.012M ▲ $32.608M ▲ $-5.079M ▼ $35.541M ▲ $6.971M ▲
Q4-2024 $2.748M ▲ $-4.412M ▼ $-41.563M ▼ $5.794M ▲ $-40.181M ▼ $-4.79M ▼
Q3-2024 $2.134M $17.697M $49.831M $-37.105M $30.423M $17.408M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Mortgage
Mortgage
 $0 ▲$0 ▲$0 ▲$0 ▲
Wealth Management
Wealth Management
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past few years, showing that the franchise is still attracting business and expanding its client base. However, profit margins have tightened meaningfully, with operating and net income now well below earlier levels. Earnings per share have dropped sharply compared with a few years ago, suggesting pressure from higher costs, funding, or credit expenses, and possibly some share count effects. Overall, the bank looks solidly profitable, but not nearly as profitable per share as it used to be.

Balance Sheet

Balance Sheet The balance sheet has expanded over time, reflecting growth in loans and client relationships, though it has recently plateaued rather than continuing to surge. Equity has gradually built up, which is a positive sign for capital strength, while overall leverage looks typical for a regional bank. Debt usage has moved up and down but remains moderate relative to total assets, suggesting no obvious over-reliance on borrowings. Liquidity appears adequate, with a meaningful cash position, though not at the unusually high levels seen a few years ago.

Cash Flow

Cash Flow Cash generation from operations was strong in the middle of the five‑year period but has weakened recently, drifting close to break‑even. That shift hints at pressure on the core banking engine, whether from narrower spreads, higher deposit costs, or credit dynamics. Free cash flow largely mirrors operating cash flow, and the lack of heavy capital spending means results are driven mainly by the underlying banking and wealth activities rather than big investment projects. The recent softening in cash flow is worth watching, as it can influence flexibility for growth, dividends, or buybacks over time.

Competitive Edge

Competitive Edge First Western occupies a focused niche at the intersection of private banking, trust services, and wealth management for affluent clients in the Western U.S. Its integrated “one‑firm” model and team‑based approach create deep, sticky client relationships that are harder for more product‑siloed banks to replicate. Regional specialization and trust/estate expertise add further differentiation, but also expose the firm to local economic conditions and competition from much larger banks and national wealth managers. The franchise strength is in relationship depth and customization, rather than scale or brand power nationwide.

Innovation and R&D

Innovation and R&D Instead of classic R&D, the company invests in service innovation and financial technology that support its high‑touch model. Its ConnectView® framework and specialist teams are designed to deliver holistic advice that ties together banking, investments, trusts, and planning. The newer digital banking platform and portfolio‑management technology partnerships aim to bring a smoother, more data‑driven experience to clients without losing the personal feel. Management also appears open to emerging areas like blockchain and digital assets, though these are more exploratory than core drivers today.

Summary

First Western Financial looks like a niche regional wealth and private bank that has successfully grown its top line and balance sheet but is currently wrestling with thinner profitability and softer cash generation than in prior years. Its main strengths lie in deep client relationships, an integrated trust and wealth platform, and ongoing investment in digital tools that support a boutique, high‑touch experience. The key questions going forward are whether it can restore stronger margins, keep credit and funding risks in check, and continue using technology and selective expansion to deepen its moat without diluting its specialized, relationship‑driven culture.

NEWS

November 10, 2025 · 3:11 PM UTC

First Western Trust Appoints Alex McDougall as Arizona Regional President

Read more

October 23, 2025 · 4:15 PM UTC

First Western Reports Third Quarter 2025 Financial Results

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