First Western Financial (MYFW) Financials

$32.99 0.00 (0.00%)

Closing price 07/2/2026 04:00 PM Eastern

Extended Trading

$33.04 +0.05 (+0.17%)

As of 07/2/2026 04:04 PM Eastern

Annual Income Statements for First Western Financial

This table shows First Western Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-0.27	4.27	8.01	25	21	22	5.23	8.47	13
Consolidated Net Income / (Loss)	2.02	5.65	8.01	25	21	22	5.23	8.47	13
Net Income / (Loss) Continuing Operations	2.02	5.65	8.01	25	21	22	5.23	8.47	13
Total Pre-Tax Income	5.01	7.42	10	33	27	29	7.06	12	17
Total Revenue	55	58	65	97	97	112	93	92	102
Net Interest Income / (Expense)	28	31	32	46	57	84	71	64	75
Total Interest Income	33	39	45	53	62	101	146	153	160
Loans and Leases Interest Income	31	37	42	52	61	97	137	141	146
Investment Securities Interest Income	2.12	1.10	1.27	0.88	0.86	2.43	3.08	3.12	5.06
Federal Funds Sold and Securities Borrowed Interest Income	0.31	0.69	1.73	0.46	0.40	2.25	5.71	8.90	9.04
Total Interest Expense	5.76	8.17	13	7.23	5.42	17	74	88	84
Deposits Interest Expense	3.78	6.51	12	5.79	3.48	13	65	83	79
Long-Term Debt Interest Expense	1.98	1.66	0.73	1.44	1.93	4.26	8.99	5.79	4.96
Total Non-Interest Income	28	27	33	51	40	28	22	28	27
Other Service Charges	3.47	3.06	2.38	2.52	2.96	4.37	2.17	4.28	2.52
Net Realized & Unrealized Capital Gains on Investments	4.38	4.56	11	29	17	4.03	0.62	3.78	5.14
Investment Banking Income	19	19	19	19	20	19	19	19	18
Other Non-Interest Income	0.42	0.39	0.56	0.36	0.35	0.35	0.38	0.43	0.46
Provision for Credit Losses	0.79	0.18	0.66	4.68	1.23	3.68	10	1.93	5.03
Total Non-Interest Expense	49	50	54	60	68	79	76	78	80
Salaries and Employee Benefits	29	30	32	35	41	48	45	45	46
Net Occupancy & Equipment Expense	9.80	9.84	9.54	10	9.70	12	11	12	12
Marketing Expense	1.49	1.25	1.29	1.48	1.61	1.89	1.54	1.21	1.22
Other Operating Expenses	8.45	8.51	9.20	13	16	17	18	20	20
Amortization Expense	0.78	0.83	0.37	0.01	0.02	0.31	0.25	0.23	0.21
Income Tax Expense	2.98	1.78	2.18	8.53	6.67	7.13	1.84	3.11	3.89
Basic Earnings per Share	($0.05)	$0.64	$1.02	$3.11	$2.58	$2.29	$0.55	$0.88	$1.36
Weighted Average Basic Shares Outstanding	-	7.97M	7.92M	7.96M	9.43M	9.51M	9.62M	9.70M	9.74M
Diluted Earnings per Share	($0.05)	$0.63	$1.01	$3.08	$2.50	$2.23	$0.54	$0.87	$1.34
Weighted Average Diluted Shares Outstanding	-	7.97M	7.92M	7.96M	9.43M	9.51M	9.62M	9.70M	9.74M
Weighted Average Basic & Diluted Shares Outstanding	-	7.97M	7.92M	7.96M	9.43M	9.51M	9.62M	9.70M	9.74M

This table shows First Western Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	3.12	-3.22	2.52	1.08	2.13	2.75	4.19	2.50	3.19	3.31	6.21
Consolidated Net Income / (Loss)	3.12	-3.22	2.52	1.08	2.13	2.75	4.19	2.50	3.19	3.31	6.21
Net Income / (Loss) Continuing Operations	3.12	-3.22	2.52	1.08	2.13	2.75	4.19	2.50	3.19	3.31	6.21
Total Pre-Tax Income	4.22	-4.36	3.58	1.42	2.67	3.91	5.36	3.32	3.97	4.44	8.10
Total Revenue	23	22	23	23	23	23	25	24	26	27	28
Net Interest Income / (Expense)	17	16	16	16	16	17	17	18	19	21	21
Total Interest Income	36	38	38	38	38	38	37	38	43	42	41
Loans and Leases Interest Income	34	36	35	35	35	34	34	35	38	39	38
Investment Securities Interest Income	0.75	0.76	0.70	0.76	0.84	0.83	0.81	0.97	1.54	1.73	1.60
Federal Funds Sold and Securities Borrowed Interest Income	1.29	1.35	2.35	1.86	1.77	2.88	2.24	1.36	3.47	2.00	1.34
Total Interest Expense	20	22	22	22	23	21	20	20	23	22	20
Deposits Interest Expense	17	19	21	21	21	20	19	18	22	21	19
Long-Term Debt Interest Expense	2.25	2.63	1.71	1.43	1.37	1.28	1.24	1.41	1.14	1.17	1.21
Total Non-Interest Income	6.10	6.08	7.28	6.97	6.97	6.46	7.35	6.31	6.84	6.08	6.66
Other Service Charges	0.77	0.99	1.17	0.49	0.89	1.73	0.79	0.47	0.68	0.58	0.38
Net Realized & Unrealized Capital Gains on Investments	0.38	0.29	1.07	1.50	1.24	-0.04	1.77	1.22	1.42	0.75	1.41
Investment Banking Income	4.85	4.71	4.93	4.88	4.73	4.66	4.68	4.51	4.63	4.63	4.75
Other Non-Interest Income	0.10	0.10	0.11	0.11	0.11	0.11	0.11	0.11	0.12	0.12	0.12
Provision for Credit Losses	0.33	8.49	0.07	2.33	0.50	-0.97	0.08	1.77	2.26	0.92	-0.73
Total Non-Interest Expense	18	18	20	19	19	20	19	19	20	21	20
Salaries and Employee Benefits	11	9.99	11	11	11	11	11	11	12	12	13
Net Occupancy & Equipment Expense	2.71	2.87	2.99	3.12	3.17	3.17	3.29	3.25	3.14	2.80	2.90
Marketing Expense	0.36	0.42	0.19	0.24	0.37	0.40	0.22	0.27	0.35	0.39	0.19
Other Operating Expenses	4.22	4.95	5.19	4.48	4.33	5.56	4.33	4.51	4.65	6.33	4.09
Amortization Expense	0.06	0.06	0.06	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.05
Income Tax Expense	1.10	-1.14	1.06	0.34	0.54	1.17	1.17	0.81	0.78	1.12	1.90
Basic Earnings per Share	$0.33	($0.34)	$0.26	$0.11	$0.22	$0.29	$0.43	$0.26	$0.33	$0.34	$0.64
Weighted Average Basic Shares Outstanding	9.56M	9.62M	9.62M	9.66M	9.66M	9.70M	9.72M	9.72M	9.71M	9.74M	9.73M
Diluted Earnings per Share	$0.32	($0.33)	$0.26	$0.11	$0.22	$0.28	$0.43	$0.26	$0.32	$0.33	$0.63
Weighted Average Diluted Shares Outstanding	9.56M	9.62M	9.62M	9.66M	9.66M	9.70M	9.72M	9.72M	9.71M	9.74M	9.73M
Weighted Average Basic & Diluted Shares Outstanding	9.56M	9.62M	9.62M	9.66M	9.66M	9.70M	9.72M	9.72M	9.71M	9.74M	9.73M

This table details how cash moves in and out of First Western Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-53	64	5.28	77	231	-190	58	-17	-38
Net Cash From Operating Activities	-5.43	18	-22	-93	163	48	22	0.61	-1.80
Net Cash From Continuing Operating Activities	-5.43	18	-22	-93	163	48	22	0.61	-1.80
Net Income / (Loss) Continuing Operations	2.02	5.65	8.01	25	21	22	5.23	8.47	13
Consolidated Net Income / (Loss)	2.02	5.65	8.01	25	21	22	5.23	8.47	13
Provision For Loan Losses	0.79	0.18	0.66	4.86	1.23	3.68	10	3.04	6.37
Depreciation Expense	2.45	2.22	1.67	1.12	1.26	2.01	2.38	2.57	2.64
Amortization Expense	0.67	0.18	0.23	0.44	0.86	0.19	0.44	0.06	0.64
Non-Cash Adjustments to Reconcile Net Income	-11	11	-33	-121	136	26	6.71	-14	-17
Changes in Operating Assets and Liabilities, net	-0.21	-1.52	1.18	-3.26	2.27	-4.90	-3.23	0.20	-7.68
Net Cash From Investing Activities	-102	-63	-116	-456	-43	-559	-66	66	-264
Net Cash From Continuing Investing Activities	-102	-63	-116	-456	-43	-559	-66	66	-264
Purchase of Property, Leasehold Improvements and Equipment	-0.50	-0.71	-0.42	-1.21	-2.11	-2.97	-2.35	-1.21	-3.97
Purchase of Investment Securities	-182	-85	-136	-484	-179	-578	-152	46	-314
Sale and/or Maturity of Investments	80	19	20	29	138	23	89	23	55
Other Investing Activities, net	-	3.70	-	0.00	-	-0.21	-1.14	-0.80	-1.67
Net Cash From Financing Activities	54	109	143	627	112	320	102	-84	229
Net Cash From Continuing Financing Activities	54	109	143	627	112	320	102	-84	229
Net Change in Deposits	62	122	149	470	207	200	124	-15	232
Issuance of Debt	340	284	67	257	98	697	1,844	250	187
Repayment of Debt	-350	-305	-72	-100	-195	-576	-1,865	-319	-189
Repurchase of Common Equity	-	-0.18	-0.74	-0.38	-0.50	-	-0.44	-0.09	-0.78
Other Financing Activities, Net	0.01	-0.13	-0.11	-0.26	1.71	-0.70	0.25	-0.71	-0.81
Cash Interest Paid	5.62	13	13	7.08	5.51	17	72	90	85
Cash Income Taxes Paid	0.28	0.44	2.48	12	6.34	5.24	2.91	0.09	0.00

This table details how cash moves in and out of First Western Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-26	-17	3.45	-12	32	-40	36	-39	121	-155	64
Net Cash From Operating Activities	15	12	-2.34	-11	19	-4.41	8.01	-9.08	10	-11	15
Net Cash From Continuing Operating Activities	15	12	-2.34	-11	19	-4.41	8.01	-9.08	10	-11	15
Net Income / (Loss) Continuing Operations	3.12	-3.22	2.52	1.08	2.13	2.75	4.19	2.50	3.19	3.31	6.21
Consolidated Net Income / (Loss)	3.12	-3.22	2.52	1.08	2.13	2.75	4.19	2.50	3.19	3.31	6.21
Provision For Loan Losses	0.33	8.49	0.07	2.33	0.50	0.13	0.08	1.77	2.26	2.26	-0.73
Depreciation Expense	0.58	0.63	0.63	0.63	0.65	0.66	0.67	0.69	0.65	0.63	0.64
Amortization Expense	0.27	-0.10	0.15	-0.14	0.14	-0.08	0.01	0.19	0.20	0.25	0.17
Non-Cash Adjustments to Reconcile Net Income	8.83	7.31	-1.95	-19	13	-5.83	14	-14	2.09	-19	12
Changes in Operating Assets and Liabilities, net	1.56	-1.30	-3.74	3.43	2.56	-2.04	-11	-0.15	1.65	2.21	-2.91
Net Cash From Investing Activities	-33	-3.60	59	-1.29	50	-42	33	-147	-95	-54	-33
Net Cash From Continuing Investing Activities	-33	-3.60	59	-1.29	50	-42	33	-147	-95	-54	-33
Purchase of Property, Leasehold Improvements and Equipment	-0.47	-0.46	-0.18	-0.37	-0.29	-0.38	-1.04	-0.58	-1.07	-1.29	-0.62
Purchase of Investment Securities	-33	-26	52	-3.22	42	-45	0.16	-149	-102	-63	-45
Sale and/or Maturity of Investments	2.02	23	7.94	2.03	8.60	4.37	34	1.98	8.15	11	13
Other Investing Activities, net	-	-	-0.27	0.27	-0.54	-0.27	-0.68	-0.28	-0.48	-0.23	-0.27
Net Cash From Financing Activities	-8.02	-25	-54	0.69	-37	5.79	-5.08	117	207	-90	82
Net Cash From Continuing Financing Activities	-8.02	-25	-54	0.69	-37	5.79	-5.08	117	207	-90	82
Net Change in Deposits	45	109	2.93	-121	92	11	1.19	14	320	-102	95
Repayment of Debt	-451	-310	-123	-185	-258	247	-5.93	-70	-113	-0.36	-13
Repurchase of Common Equity	-0.08	-0.08	0.00	-	-0.09	0.68	-0.00	-0.48	-0.30	-	-0.15
Other Financing Activities, Net	0.13	-	-0.38	-0.26	-0.05	-0.71	-0.34	-0.30	-0.07	-0.10	-0.13
Cash Interest Paid	18	21	24	22	21	23	19	21	23	22	20

This table presents First Western Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	970	1,084	1,252	1,974	2,527	2,867	2,975	2,919	3,155
Cash and Due from Banks	1.37	1.57	4.18	2.41	6.49	4.93	7.28	9.77	9.76
Interest Bearing Deposits at Other Banks	8.13	72	74	154	379	192	247	228	191
Trading Account Securities	77	59	107	199	86	90	81	101	181
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	1,935	2,452	2,507	2,407	2,629
Loans and Leases	-	-	-	-	1,949	2,469	2,531	2,426	2,650
Allowance for Loan and Lease Losses	-	-	-	-	14	17	24	18	21
Premises and Equipment, Net	6.78	6.10	5.22	5.32	24	25	25	24	26
Goodwill	25	25	20	24	32	32	32	32	31
Other Assets	851	921	51	69	63	69	76	117	88
Total Liabilities & Shareholders' Equity	970	1,084	1,252	1,974	2,527	2,867	2,975	2,919	3,155
Total Liabilities	868	967	1,124	1,819	2,308	2,626	2,733	2,667	2,889
Non-Interest Bearing Deposits	199	203	240	482	637	584	486	378	346
Interest Bearing Deposits	617	735	847	1,138	1,569	1,822	2,046	2,139	2,402
Federal Funds Purchased and Securities Sold	29	15	10	150	39	147	126	57	63
Long-Term Debt	13	6.56	6.56	24	39	52	52	53	45
Other Long-Term Liabilities	9.50	7.90	20	24	25	21	22	41	34
Total Equity & Noncontrolling Interests	102	117	128	155	219	241	243	252	266
Total Preferred & Common Equity	102	117	128	155	219	241	243	252	266
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	102	117	128	155	219	241	243	252	266
Common Stock	130	141	143	145	189	190	193	194	194
Retained Earnings	-27	-23	-15	9.58	30	52	51	60	73
Accumulated Other Comprehensive Income / (Loss)	-0.93	-1.29	-0.16	0.68	0.22	-1.52	-1.20	-0.78	-1.31

This table presents First Western Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	3,003	2,932	2,938	2,912	2,906	3,027	3,240	3,241
Cash and Due from Banks	6.44	8.14	6.37	19	16	12	14	11
Interest Bearing Deposits at Other Banks	265	250	239	257	256	220	342	253
Trading Account Securities	88	83	106	89	84	124	169	165
Loans and Leases, Net of Allowance	2,507	2,451	2,429	2,364	2,407	2,521	2,570	2,669
Loans and Leases	2,530	2,476	2,456	2,383	2,425	2,540	2,591	2,690
Allowance for Loan and Lease Losses	23	25	27	19	18	19	21	21
Premises and Equipment, Net	25	25	25	24	25	24	25	26
Goodwill	32	32	32	32	32	32	31	31
Other Assets	79	84	101	126	87	93	89	85
Total Liabilities & Shareholders' Equity	3,003	2,932	2,938	2,912	2,906	3,027	3,240	3,241
Total Liabilities	2,756	2,687	2,691	2,663	2,650	2,768	2,979	2,967
Non-Interest Bearing Deposits	480	437	399	477	412	363	377	382
Interest Bearing Deposits	1,944	2,098	2,014	2,029	2,106	2,167	2,473	2,462
Federal Funds Purchased and Securities Sold	260	69	192	62	52	163	51	50
Long-Term Debt	52	52	52	53	45	45	45	45
Other Long-Term Liabilities	21	30	34	42	36	29	33	29
Total Equity & Noncontrolling Interests	246	246	247	249	257	259	261	273
Total Preferred & Common Equity	246	246	247	249	257	259	261	273
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	246	246	247	249	257	259	261	273
Common Stock	193	193	193	193	194	193	194	195
Retained Earnings	54	54	55	57	64	66	69	79
Accumulated Other Comprehensive Income / (Loss)	-0.58	-0.75	-0.65	-1.21	-0.81	-0.75	-1.61	-0.24

This table displays calculated financial ratios and metrics derived from First Western Financial's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	7,968,420.00	7,986,128.00	7,951,749.00	8,032,457.00	9,492,006.00	9,561,769.00	-	9,714,711.00
DEI Adjusted Shares Outstanding	0.00	7,968,420.00	7,986,128.00	7,951,749.00	8,032,457.00	9,492,006.00	9,561,769.00	-	9,714,711.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.71	1.00	3.09	2.57	2.29	0.55	-	1.36
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	4.54%	11.84%	50.50%	-0.66%	15.50%	-16.63%	-1.13%	10.80%
EBITDA Growth	0.00%	20.87%	23.08%	186.39%	-15.10%	5.55%	-68.15%	43.78%	43.21%
EBIT Growth	0.00%	48.23%	37.32%	224.40%	-17.49%	5.67%	-75.51%	63.99%	47.46%
NOPAT Growth	0.00%	179.14%	41.83%	206.33%	-15.99%	5.28%	-75.92%	62.16%	55.65%
Net Income Growth	0.00%	179.14%	41.83%	206.33%	-15.99%	5.28%	-75.92%	62.16%	55.65%
EPS Growth	0.00%	1,360.00%	60.32%	204.95%	-18.83%	-10.80%	-75.78%	61.11%	54.02%
Operating Cash Flow Growth	0.00%	427.81%	-220.86%	-333.78%	274.15%	-70.29%	-54.68%	-102.49%	-396.86%
Free Cash Flow Firm Growth	0.00%	0.00%	-11.45%	-633.04%	-184.21%	77.28%	123.76%	-142.51%	679.57%
Invested Capital Growth	0.00%	7.07%	8.75%	33.53%	43.97%	13.53%	0.71%	3.32%	1.79%
Revenue Q/Q Growth	0.00%	0.00%	1.11%	-2.35%	13.25%	4.18%	-6.05%	1.05%	3.33%
EBITDA Q/Q Growth	0.00%	0.00%	-48.50%	15.76%	29.80%	14.13%	-52.92%	141.21%	4.18%
EBIT Q/Q Growth	0.00%	0.00%	-57.84%	29.21%	29.99%	19.49%	-62.28%	250.03%	3.15%
NOPAT Q/Q Growth	0.00%	0.00%	-16.17%	-14.96%	-12.55%	19.59%	-62.45%	238.11%	4.48%
Net Income Q/Q Growth	0.00%	0.00%	11.84%	-28.12%	76.68%	19.59%	-62.45%	238.11%	4.48%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-13.49%	17.99%	-62.24%	234.62%	3.88%
Operating Cash Flow Q/Q Growth	0.00%	20.21%	41.91%	-1,852.28%	132.37%	-25.77%	-1.03%	-103.47%	-153.05%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-611.15%	-119.25%	62.39%	118.30%	-348.32%	0.01%
Invested Capital Q/Q Growth	0.00%	0.00%	1.47%	9.29%	20.52%	9.55%	-1.16%	1.18%	1.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-
EBITDA Margin	14.70%	16.99%	18.70%	35.59%	30.42%	27.80%	10.62%	15.44%	19.96%
EBIT Margin	9.06%	12.84%	15.77%	33.99%	28.23%	25.83%	7.59%	12.59%	16.75%
Profit (Net Income) Margin	3.66%	9.77%	12.39%	25.22%	21.33%	19.44%	5.62%	9.21%	12.94%
Tax Burden Percent	40.40%	76.08%	78.58%	74.20%	75.55%	75.27%	74.00%	73.18%	77.24%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	59.60%	23.92%	21.42%	25.80%	24.45%	24.73%	26.00%	26.82%	22.76%
Return on Invested Capital (ROIC)	1.75%	4.73%	6.22%	15.65%	9.43%	7.87%	1.78%	2.82%	4.29%
ROIC Less NNEP Spread (ROIC-NNEP)	1.75%	4.73%	6.22%	15.65%	9.43%	7.87%	1.78%	2.82%	4.29%
Return on Net Nonoperating Assets (RNNOA)	0.23%	0.43%	0.33%	1.71%	1.60%	1.56%	0.38%	0.60%	0.81%
Return on Equity (ROE)	1.99%	5.16%	6.55%	17.36%	11.02%	9.44%	2.16%	3.42%	5.09%
Cash Return on Invested Capital (CROIC)	0.00%	-2.10%	-2.17%	-13.07%	-26.62%	-4.80%	1.07%	-0.45%	2.52%
Operating Return on Assets (OROA)	0.52%	0.72%	0.87%	2.05%	1.21%	1.07%	0.24%	0.39%	0.56%
Return on Assets (ROA)	0.21%	0.55%	0.69%	1.52%	0.92%	0.80%	0.18%	0.29%	0.43%
Return on Common Equity (ROCE)	1.99%	5.16%	6.55%	17.36%	11.02%	9.44%	2.16%	3.42%	5.09%
Return on Equity Simple (ROE_SIMPLE)	1.99%	4.83%	6.27%	15.83%	9.41%	9.01%	2.15%	3.36%	4.97%
Net Operating Profit after Tax (NOPAT)	2.02	5.65	8.01	25	21	22	5.23	8.47	13
NOPAT Margin	3.66%	9.77%	12.39%	25.22%	21.33%	19.44%	5.62%	9.21%	12.94%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	72.26%	70.69%	65.96%	47.60%	53.87%	55.65%	62.15%	63.80%	58.69%
Operating Expenses to Revenue	89.52%	86.85%	83.21%	61.20%	70.50%	70.87%	81.28%	85.31%	78.32%
Earnings before Interest and Taxes (EBIT)	5.01	7.42	10	33	27	29	7.06	12	17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8.13	9.82	12	35	29	31	9.88	14	20
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.37	0.80	1.03	1.00	1.11	1.11	0.78	0.75	0.98
Price to Tangible Book Value (P/TBV)	0.50	1.02	1.22	1.19	1.30	1.28	0.90	0.86	1.11
Price to Revenue (P/Rev)	0.68	1.61	2.03	1.60	2.52	2.39	2.04	2.05	2.56
Price to Earnings (P/E)	0.00	21.86	16.42	6.34	11.83	12.31	36.29	22.30	19.75
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	4.58%	6.09%	15.77%	8.45%	8.12%	2.76%	4.48%	5.06%
Enterprise Value to Invested Capital (EV/IC)	0.36	0.21	0.44	0.13	0.00	0.42	0.00	0.02	0.34
Enterprise Value to Revenue (EV/Rev)	0.75	0.46	0.92	0.25	0.00	1.10	0.00	0.06	1.03
Enterprise Value to EBITDA (EV/EBITDA)	5.10	2.70	4.92	0.69	0.00	3.96	0.00	0.38	5.16
Enterprise Value to EBIT (EV/EBIT)	8.28	3.57	5.83	0.72	0.00	4.26	0.00	0.47	6.15
Enterprise Value to NOPAT (EV/NOPAT)	20.49	4.70	7.42	0.97	0.00	5.66	0.00	0.64	7.96
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	1.49	0.00	0.00	0.00	2.54	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.55
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.13	0.06	0.05	0.16	0.18	0.22	0.22	0.21	0.17
Long-Term Debt to Equity	0.13	0.06	0.05	0.16	0.18	0.22	0.22	0.21	0.17
Financial Leverage	0.13	0.09	0.05	0.11	0.17	0.20	0.22	0.21	0.19
Leverage Ratio	9.52	9.39	9.55	11.41	12.04	11.73	12.08	11.91	11.73
Compound Leverage Factor	9.52	9.39	9.55	11.41	12.04	11.73	12.08	11.91	11.73
Debt to Total Capital	11.65%	5.31%	4.89%	13.55%	15.12%	17.79%	17.74%	17.24%	14.43%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	11.65%	5.31%	4.89%	13.55%	15.12%	17.79%	17.74%	17.24%	14.43%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	88.35%	94.69%	95.11%	86.45%	84.88%	82.21%	82.26%	82.76%	85.57%
Debt to EBITDA	1.65	0.67	0.54	0.70	1.33	1.68	5.30	3.70	2.20
Net Debt to EBITDA	0.48	-6.80	-5.96	-3.80	-11.84	-4.65	-20.45	-12.91	-7.64
Long-Term Debt to EBITDA	1.65	0.67	0.54	0.70	1.33	1.68	5.30	3.70	2.20
Debt to NOPAT	6.64	1.16	0.82	0.99	1.89	2.40	10.02	6.20	3.39
Net Debt to NOPAT	1.94	-11.83	-9.00	-5.37	-16.88	-6.65	-38.68	-21.65	-11.79
Long-Term Debt to NOPAT	6.64	1.16	0.82	0.99	1.89	2.40	10.02	6.20	3.39
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2.51	-2.79	-20	-58	-13	3.14	-1.34	7.74
Operating Cash Flow to CapEx	-1,088.18%	2,493.00%	-5,183.86%	-7,809.12%	7,709.44%	1,698.73%	932.25%	-44.85%	-45.31%
Free Cash Flow to Firm to Interest Expense	0.00	-0.31	-0.22	-2.83	-10.75	-0.77	0.04	-0.02	0.09
Operating Cash Flow to Interest Expense	-0.94	2.18	-1.66	-12.90	30.01	2.80	0.29	-0.01	-0.02
Operating Cash Flow Less CapEx to Interest Expense	-1.03	2.09	-1.69	-13.07	29.62	2.63	0.26	-0.02	-0.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.06	0.06	0.06	0.06	0.04	0.04	0.03	0.03	0.03
Fixed Asset Turnover	8.16	8.98	11.42	18.46	6.60	4.55	3.69	3.73	4.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	115	123	134	179	258	293	295	305	310
Invested Capital Turnover	0.48	0.48	0.50	0.62	0.44	0.41	0.32	0.31	0.33
Increase / (Decrease) in Invested Capital	0.00	8.15	11	45	79	35	2.08	9.81	5.45
Enterprise Value (EV)	41	27	59	24	-104	123	-12	5.46	105
Market Capitalization	38	93	132	156	244	267	190	189	260
Book Value per Share	$51.57	$14.67	$15.99	$19.49	$27.27	$25.38	$25.39	$26.11	$27.34
Tangible Book Value per Share	$38.38	$11.50	$13.52	$16.44	$23.30	$21.99	$22.05	$22.84	$24.10
Total Capital	115	123	134	179	258	293	295	305	310
Total Debt	13	6.56	6.56	24	39	52	52	53	45
Total Long-Term Debt	13	6.56	6.56	24	39	52	52	53	45
Net Debt	3.93	-67	-72	-132	-348	-144	-202	-183	-156
Capital Expenditures (CapEx)	0.50	0.71	0.42	1.20	2.11	2.84	2.35	1.21	3.97
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	13	6.56	6.56	24	39	52	52	53	45
Total Depreciation and Amortization (D&A)	3.12	2.40	1.90	1.56	2.11	2.20	2.82	2.63	3.27
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.05)	$0.64	$1.02	$3.11	$2.58	$2.29	$0.55	$0.88	$1.36
Adjusted Weighted Average Basic Shares Outstanding	0.00	7.97M	7.92M	7.96M	9.43M	9.51M	9.62M	9.70M	9.74M
Adjusted Diluted Earnings per Share	($0.05)	$0.63	$1.01	$3.08	$2.50	$2.23	$0.54	$0.87	$1.34
Adjusted Weighted Average Diluted Shares Outstanding	0.00	7.97M	7.92M	7.96M	9.43M	9.51M	9.62M	9.70M	9.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	7.97M	7.92M	7.96M	9.43M	9.51M	9.62M	9.70M	9.74M
Normalized Net Operating Profit after Tax (NOPAT)	3.72	5.65	9.24	25	21	22	5.23	8.47	13
Normalized NOPAT Margin	6.73%	9.77%	14.30%	25.64%	21.33%	19.41%	5.62%	9.21%	12.94%
Pre Tax Income Margin	9.06%	12.84%	15.77%	33.99%	28.23%	25.83%	7.59%	12.59%	16.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.87	0.91	0.78	4.57	5.04	1.67	0.09	0.13	0.20
NOPAT to Interest Expense	0.35	0.69	0.62	3.39	3.81	1.26	0.07	0.10	0.16
EBIT Less CapEx to Interest Expense	0.78	0.82	0.75	4.41	4.65	1.50	0.06	0.12	0.16
NOPAT Less CapEx to Interest Expense	0.26	0.60	0.58	3.23	3.42	1.09	0.04	0.08	0.11
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	113.25%	24.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	113.25%	27.61%	9.28%	1.54%	2.43%	0.00%	8.40%	1.05%	5.94%

This table displays calculated financial ratios and metrics derived from First Western Financial's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	9,548,190.00	9,561,769.00	9,621,310.00	9,621,310.00	9,660,549.00	-	9,704,421.00	9,715,432.00	9,717,922.00	9,714,711.00	9,735,091.00
DEI Adjusted Shares Outstanding	9,548,190.00	9,561,769.00	9,621,310.00	9,621,310.00	9,660,549.00	-	9,704,421.00	9,715,432.00	9,717,922.00	9,714,711.00	9,735,091.00
DEI Earnings Per Adjusted Shares Outstanding	0.33	-0.34	0.26	0.11	0.22	-	0.43	0.26	0.33	0.34	0.64
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-21.83%	-21.09%	-8.01%	1.58%	-1.42%	4.26%	6.21%	6.33%	16.66%	14.08%	11.05%
EBITDA Growth	-44.46%	-152.60%	-26.13%	-30.63%	-31.76%	217.27%	38.79%	120.32%	38.77%	18.20%	47.65%
EBIT Growth	-48.73%	-159.68%	-30.65%	-30.47%	-36.74%	189.83%	49.68%	134.42%	48.45%	13.31%	51.26%
NOPAT Growth	-49.88%	-155.75%	-34.16%	-28.55%	-31.56%	190.10%	66.40%	132.62%	49.30%	20.60%	48.34%
Net Income Growth	-49.88%	-158.84%	-34.16%	-28.55%	-31.56%	185.37%	66.40%	132.62%	49.30%	20.60%	48.34%
EPS Growth	-50.00%	-158.93%	-33.33%	-31.25%	-31.25%	184.85%	65.38%	136.36%	45.45%	17.86%	46.51%
Operating Cash Flow Growth	-40.65%	-1.89%	-339.90%	-105.03%	28.25%	-137.35%	442.54%	20.94%	-46.81%	-143.70%	90.44%
Free Cash Flow Firm Growth	40.60%	82.58%	89.43%	88.31%	97.60%	-37.59%	127.30%	55.32%	-152.84%	69.82%	-1,255.35%
Invested Capital Growth	11.62%	0.71%	2.03%	1.65%	0.94%	3.32%	1.09%	1.40%	1.62%	1.79%	5.64%
Revenue Q/Q Growth	2.09%	-1.98%	4.17%	-2.56%	-0.92%	3.67%	6.12%	-2.46%	8.71%	1.37%	3.31%
EBITDA Q/Q Growth	84.85%	-175.41%	213.61%	-56.20%	81.84%	29.59%	34.46%	-30.47%	14.53%	10.38%	67.96%
EBIT Q/Q Growth	107.47%	-203.20%	182.14%	-60.46%	88.76%	46.54%	36.87%	-38.08%	19.54%	11.85%	82.71%
NOPAT Q/Q Growth	107.04%	-197.82%	182.46%	-57.22%	98.33%	28.77%	52.29%	-40.19%	27.29%	4.02%	87.33%
Net Income Q/Q Growth	107.04%	-203.24%	178.13%	-57.22%	98.33%	28.77%	52.29%	-40.19%	27.29%	4.02%	87.33%
EPS Q/Q Growth	100.00%	-203.13%	178.79%	-57.69%	100.00%	27.27%	53.57%	-39.53%	23.08%	3.13%	90.91%
Operating Cash Flow Q/Q Growth	362.22%	-19.61%	-119.80%	-391.24%	264.03%	-124.93%	281.60%	-213.38%	210.36%	-207.25%	241.91%
Free Cash Flow Firm Q/Q Growth	13.62%	81.65%	33.34%	-10.64%	82.30%	-953.88%	113.23%	-281.05%	-0.18%	-25.80%	-406.38%
Invested Capital Q/Q Growth	1.38%	-1.16%	0.96%	0.47%	0.67%	1.18%	-1.22%	0.78%	0.89%	1.34%	2.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	22.20%	-17.08%	18.63%	8.37%	15.37%	19.21%	24.34%	17.35%	18.28%	19.91%	32.36%
EBIT Margin	18.46%	-19.44%	15.33%	6.22%	11.85%	16.75%	21.60%	13.71%	15.08%	16.64%	29.42%
Profit (Net Income) Margin	13.64%	-14.36%	10.77%	4.73%	9.47%	11.76%	16.88%	10.35%	12.12%	12.43%	22.54%
Tax Burden Percent	73.85%	73.88%	70.27%	76.04%	79.90%	70.21%	78.12%	75.46%	80.35%	74.72%	76.61%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	26.15%	0.00%	29.73%	23.96%	20.10%	29.79%	21.88%	24.54%	19.65%	25.28%	23.39%
Return on Invested Capital (ROIC)	4.77%	-4.31%	3.32%	1.46%	2.87%	3.61%	5.27%	3.26%	3.93%	4.12%	7.62%
ROIC Less NNEP Spread (ROIC-NNEP)	4.77%	-4.63%	3.32%	1.46%	2.87%	3.61%	5.27%	3.26%	3.93%	4.12%	7.62%
Return on Net Nonoperating Assets (RNNOA)	0.84%	-1.00%	0.72%	0.31%	0.61%	0.76%	1.02%	0.63%	0.75%	0.77%	1.29%
Return on Equity (ROE)	5.61%	-5.31%	4.04%	1.77%	3.48%	4.37%	6.28%	3.88%	4.68%	4.89%	8.91%
Cash Return on Invested Capital (CROIC)	-6.07%	1.07%	-0.68%	-0.46%	-0.10%	-0.45%	2.30%	2.45%	2.55%	2.52%	-0.58%
Operating Return on Assets (OROA)	0.64%	-0.62%	0.47%	0.19%	0.36%	0.52%	0.69%	0.44%	0.48%	0.56%	1.00%
Return on Assets (ROA)	0.47%	-0.46%	0.33%	0.15%	0.29%	0.37%	0.54%	0.33%	0.39%	0.42%	0.77%
Return on Common Equity (ROCE)	5.61%	-5.31%	4.04%	1.77%	3.48%	4.37%	6.28%	3.88%	4.68%	4.89%	8.91%
Return on Equity Simple (ROE_SIMPLE)	5.65%	0.00%	1.60%	1.41%	1.01%	0.00%	3.95%	4.47%	4.83%	0.00%	5.56%
Net Operating Profit after Tax (NOPAT)	3.12	-3.05	2.52	1.08	2.13	2.75	4.19	2.50	3.19	3.31	6.21
NOPAT Margin	13.64%	-13.61%	10.77%	4.73%	9.47%	11.76%	16.88%	10.35%	12.12%	12.43%	22.54%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	61.39%	59.20%	61.88%	63.57%	66.48%	63.37%	60.42%	60.11%	58.47%	55.99%	58.21%
Operating Expenses to Revenue	80.10%	81.55%	84.36%	83.52%	85.93%	87.42%	78.07%	78.96%	76.34%	79.93%	73.22%
Earnings before Interest and Taxes (EBIT)	4.22	-4.36	3.58	1.42	2.67	3.91	5.36	3.32	3.97	4.44	8.10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.08	-3.83	4.35	1.91	3.46	4.49	6.04	4.20	4.81	5.31	8.91
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.70	0.78	0.57	0.66	0.78	0.75	0.74	0.85	0.86	0.98	0.88
Price to Tangible Book Value (P/TBV)	0.81	0.90	0.66	0.76	0.89	0.86	0.85	0.96	0.97	1.11	0.99
Price to Revenue (P/Rev)	1.75	2.04	1.54	1.79	2.12	2.05	2.04	2.31	2.27	2.56	2.29
Price to Earnings (P/E)	12.45	36.29	35.79	46.87	77.10	22.30	18.80	18.94	17.73	19.75	15.73
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	8.03%	2.76%	2.79%	2.13%	1.30%	4.48%	5.32%	5.28%	5.64%	5.06%	6.36%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.10	0.00	0.34	0.06
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.06	0.00	0.33	0.00	1.03	0.19
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.38	0.00	1.73	0.00	5.16	0.86
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.47	0.00	2.07	0.00	6.15	1.01
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.64	0.00	2.73	0.00	7.96	1.32
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.58	0.00	0.00	3.68
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.28	0.00	13.55	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.21	0.22	0.21	0.21	0.21	0.21	0.17	0.17	0.17	0.17	0.16
Long-Term Debt to Equity	0.21	0.22	0.21	0.21	0.21	0.21	0.17	0.17	0.17	0.17	0.16
Financial Leverage	0.18	0.22	0.22	0.21	0.21	0.21	0.19	0.19	0.19	0.19	0.17
Leverage Ratio	11.91	12.08	12.16	12.15	11.95	11.91	11.63	11.79	12.06	11.73	11.60
Compound Leverage Factor	11.91	12.08	12.16	12.15	11.95	11.91	11.63	11.79	12.06	11.73	11.60
Debt to Total Capital	17.51%	17.74%	17.59%	17.52%	17.42%	17.24%	14.82%	14.72%	14.61%	14.43%	14.08%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	17.51%	17.74%	17.59%	17.52%	17.42%	17.24%	14.82%	14.72%	14.61%	14.43%	14.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	82.49%	82.26%	82.41%	82.48%	82.58%	82.76%	85.18%	85.28%	85.39%	85.57%	85.92%
Debt to EBITDA	2.49	5.30	6.28	6.99	8.91	3.70	2.81	2.46	2.29	2.20	1.93
Net Debt to EBITDA	-10.45	-20.45	-24.63	-25.77	-37.98	-12.91	-14.28	-10.32	-15.92	-7.64	-9.44
Long-Term Debt to EBITDA	2.49	5.30	6.28	6.99	8.91	3.70	2.81	2.46	2.29	2.20	1.93
Debt to NOPAT	3.76	10.02	13.37	15.03	20.95	6.20	4.40	3.86	3.54	3.39	2.95
Net Debt to NOPAT	-15.75	-38.68	-52.42	-55.40	-89.27	-21.65	-22.38	-16.22	-24.63	-11.79	-14.41
Long-Term Debt to NOPAT	3.76	10.02	13.37	15.03	20.95	6.20	4.40	3.86	3.54	3.39	2.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-28	-5.13	-3.42	-3.79	-0.67	-7.06	0.93	-1.69	-1.69	-2.13	-11
Operating Cash Flow to CapEx	3,160.22%	2,585.12%	-1,292.27%	-3,147.95%	6,521.45%	-1,167.20%	769.64%	-1,579.83%	937.79%	-836.73%	2,464.94%
Free Cash Flow to Firm to Interest Expense	-1.42	-0.24	-0.15	-0.17	-0.03	-0.33	0.05	-0.09	-0.07	-0.10	-0.53
Operating Cash Flow to Interest Expense	0.75	0.55	-0.10	-0.52	0.84	-0.21	0.41	-0.46	0.43	-0.49	0.75
Operating Cash Flow Less CapEx to Interest Expense	0.72	0.52	-0.11	-0.53	0.82	-0.23	0.35	-0.49	0.38	-0.55	0.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Fixed Asset Turnover	3.96	3.69	3.62	3.65	3.66	3.73	3.78	3.86	4.00	4.09	4.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	299	295	298	299	301	305	301	304	306	310	318
Invested Capital Turnover	0.35	0.32	0.31	0.31	0.30	0.31	0.31	0.31	0.32	0.33	0.34
Increase / (Decrease) in Invested Capital	31	2.08	5.94	4.86	2.80	9.81	3.25	4.19	4.88	5.45	17
Enterprise Value (EV)	-46	-12	-65	-30	-31	5.46	-36	32	-87	105	20
Market Capitalization	173	190	140	164	193	189	191	219	224	260	239
Book Value per Share	$25.79	$25.39	$25.52	$25.66	$25.76	$26.11	$26.44	$26.64	$26.91	$27.34	$28.08
Tangible Book Value per Share	$22.45	$22.05	$22.21	$22.36	$22.48	$22.84	$23.18	$23.40	$23.67	$24.10	$24.86
Total Capital	299	295	298	299	301	305	301	304	306	310	318
Total Debt	52	52	52	52	53	53	45	45	45	45	45
Total Long-Term Debt	52	52	52	52	53	53	45	45	45	45	45
Net Debt	-219	-202	-205	-193	-224	-183	-227	-188	-311	-156	-219
Capital Expenditures (CapEx)	0.47	0.46	0.18	0.37	0.29	0.38	1.04	0.58	1.07	1.29	0.62
Net Nonoperating Expense (NNE)	0.00	0.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	52	52	52	52	53	53	45	45	45	45	45
Total Depreciation and Amortization (D&A)	0.85	0.53	0.77	0.49	0.79	0.58	0.68	0.88	0.84	0.87	0.81
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.33	($0.34)	$0.26	$0.11	$0.22	$0.29	$0.43	$0.26	$0.33	$0.34	$0.64
Adjusted Weighted Average Basic Shares Outstanding	9.56M	9.62M	9.62M	9.66M	9.66M	9.70M	9.72M	9.72M	9.71M	9.74M	9.73M
Adjusted Diluted Earnings per Share	$0.32	($0.33)	$0.26	$0.11	$0.22	$0.28	$0.43	$0.26	$0.32	$0.33	$0.63
Adjusted Weighted Average Diluted Shares Outstanding	9.56M	9.62M	9.62M	9.66M	9.66M	9.70M	9.72M	9.72M	9.71M	9.74M	9.73M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.56M	9.62M	9.62M	9.66M	9.66M	9.70M	9.72M	9.72M	9.71M	9.74M	9.73M
Normalized Net Operating Profit after Tax (NOPAT)	3.12	-3.05	2.52	1.08	2.13	2.75	4.19	2.50	3.19	3.31	6.21
Normalized NOPAT Margin	13.64%	-13.61%	10.77%	4.73%	9.47%	11.76%	16.88%	10.35%	12.12%	12.43%	22.54%
Pre Tax Income Margin	18.46%	-19.44%	15.33%	6.22%	11.85%	16.75%	21.60%	13.71%	15.08%	16.64%	29.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.21	-0.20	0.16	0.06	0.12	0.18	0.27	0.17	0.17	0.20	0.40
NOPAT to Interest Expense	0.16	-0.14	0.11	0.05	0.09	0.13	0.21	0.13	0.14	0.15	0.31
EBIT Less CapEx to Interest Expense	0.19	-0.22	0.15	0.05	0.11	0.17	0.22	0.14	0.12	0.15	0.37
NOPAT Less CapEx to Interest Expense	0.13	-0.16	0.10	0.03	0.08	0.11	0.16	0.10	0.09	0.09	0.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	8.40%	9.90%	4.47%	6.66%	1.05%	0.90%	4.94%	6.21%	5.94%	6.10%

Financials Breakdown Chart

Key Financial Trends

First Western Financial (NASDAQ: MYFW) showed a much stronger first quarter in 2026, with earnings and operating cash flow improving sharply from the prior quarter and from the weak periods seen in 2024 and early 2025. However, the company still looks like a bank managing a fairly volatile funding and balance sheet mix, so the trend is better but not yet completely smooth.

Q1 2026 net income jumped to $6.2 million, up from $3.3 million in Q4 2025 and $2.5 million in Q2 2025, showing a clear rebound in profitability.
Operating cash flow was strong at $15.3 million in Q1 2026, a big improvement from the negative operating cash flow posted in Q4 2025 and Q2 2025.
Pre-tax income improved to $8.1 million from $4.4 million in Q4 2025, helped by a better revenue mix and lower credit loss expense.
Provision for credit losses swung back to a benefit of $728,000 versus a $915,000 expense in Q4 2025, which helped boost earnings.
Non-interest income remained a meaningful contributor at $6.7 million, supported by investment banking income and gains on investments.
Book equity increased to $273.4 million from $261.5 million in Q3 2025, suggesting retained earnings continued to build.
Deposit growth was strong in Q1 2026, with net deposits increasing by $95.0 million, helping support funding and liquidity.
The loan portfolio continued to expand, reaching $2.69 billion, up from $2.59 billion in Q3 2025.
Net interest income eased slightly to $20.9 million from $21.8 million in Q4 2025, indicating the core spread business is improving but still somewhat pressured.
Investing cash outflow remained large at $33.4 million, driven by heavy purchases of investment securities.
Cash interest paid stayed elevated at $19.9 million, reflecting a still-costly funding environment for the bank.
Net cash and equivalents fell sharply in Q1 2026, despite strong operating cash flow, because investing activity absorbed a lot of liquidity.

Looking at the broader multi-year trend, MYFW’s earnings have generally recovered from the loss posted in Q4 2023 and the weaker results seen in parts of 2024, but performance has been uneven quarter to quarter. Revenue has been fairly stable in the mid-$20 million range recently, while profitability has improved mainly through better credit costs and stronger operating leverage.

On the balance sheet side, the bank has grown assets and loans over time, but it has also relied on shifting deposit and borrowing balances, which can create earnings and liquidity volatility. The latest quarter looks encouraging, but investors may still want to watch whether the stronger profit trend can hold without another spike in funding costs or credit losses.

07/04/26 07:01 AM ETAI Generated. May Contain Errors.

First Western Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, First Western Financial's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

First Western Financial's net income appears to be on an upward trend, with a most recent value of $13.19 million in 2025, rising from $2.02 million in 2017. The previous period was $8.47 million in 2024. See First Western Financial's forecast for analyst expectations on what's next for the company.

Over the last 8 years, First Western Financial's total revenue changed from $55.29 million in 2017 to $101.94 million in 2025, a change of 84.4%.

First Western Financial's total liabilities were at $2.89 billion at the end of 2025, a 8.4% increase from 2024, and a 233.0% increase since 2017.

In the past 8 years, First Western Financial's cash and equivalents has ranged from $1.37 million in 2017 to $9.77 million in 2024, and is currently $9.76 million as of their latest financial filing in 2025.

Over the last 8 years, First Western Financial's book value per share changed from 51.57 in 2017 to 27.34 in 2025, a change of -47.0%.

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Financial statements for NASDAQ:MYFW last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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First Western Financial (MYFW) Financials

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First Western Financial (MYFW) Financials

Annual Income Statements for First Western Financial

Quarterly Income Statements for First Western Financial

Annual Cash Flow Statements for First Western Financial

Quarterly Cash Flow Statements for First Western Financial

Annual Balance Sheets for First Western Financial

Quarterly Balance Sheets for First Western Financial

Annual Metrics And Ratios for First Western Financial

Quarterly Metrics And Ratios for First Western Financial

Financials Breakdown Chart

Key Financial Trends

First Western Financial Financials - Frequently Asked Questions

When does First Western Financial's fiscal year end?

How has First Western Financial's net income changed over the last 8 years?

How has First Western Financial's revenue changed over the last 8 years?

How much debt does First Western Financial have?

How much cash does First Western Financial have?

How has First Western Financial's book value per share changed over the last 8 years?

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