First Western Financial Inc
MYFW Nasdaq State Commercial Banks Financials FY2017–FY2025
Revenue
Total sales reported in the income statement.
$96.9M
7.6%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
82.4%
4.8 pts
Net income
Profit after all expenses, interest and tax.
$13.2M
55.6%
Return on equity
Net income as a share of average shareholders' equity.
5.1%
1.7 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $1.85 EPS (TTM)
What First Western Financial Inc does
No business description yet.
- Legal name
- First Western Financial Inc
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Accession · CIK
- 0001628280-26-012825
0001327607
Revenue and margins
First Western Financial Inc had $96.9M of revenue in fiscal 2025, up 7.6% on the year before.
FY17
Revenue $54.5M
FY18
Revenue $57.6M
FY19
Revenue $64.0M
FY20
Revenue $92.6M
FY21
Revenue $95.4M
FY22
Revenue $108M
FY23
Revenue $82.7M
FY24
Revenue $90.1M
FY25
Revenue $96.9M
Q3 '23
Revenue $22.5M
Q4 '23
Revenue $13.9M
Q1 '24
Revenue $23.3M
Q2 '24
Revenue $20.4M
Q3 '24
Revenue $22.0M
Q4 '24
Revenue $24.3M
Q1 '25
Revenue $24.7M
Q2 '25
Revenue $22.4M
Q3 '25
Revenue $24.0M
Q4 '25
Revenue $25.7M
Q1 '26
Revenue $28.3M
Q2 '26
Revenue $28.6M
FY17
Net interest share 50.6%
Efficiency ratio 90.8%
FY18
Net interest share 53.2%
Efficiency ratio 87.1%
FY19
Net interest share 50.1%
Efficiency ratio 84.1%
FY20
Net interest share 49.8%
Efficiency ratio 64.3%
FY21
Net interest share 59.3%
Efficiency ratio 71.4%
FY22
Net interest share 77.8%
Efficiency ratio 73.3%
FY23
Net interest share 86.0%
Efficiency ratio 91.5%
FY24
Net interest share 71.4%
Efficiency ratio 87.1%
FY25
Net interest share 77.8%
Efficiency ratio 82.4%
Net interest share
Efficiency ratio
Q3 '23
Net interest share 74.4%
Efficiency ratio 81.3%
Q4 '23
Net interest share 117.3%
Efficiency ratio 131.3%
Q1 '24
Net interest share 69.0%
Efficiency ratio 84.6%
Q2 '24
Net interest share 77.3%
Efficiency ratio 93.1%
Q3 '24
Net interest share 70.6%
Efficiency ratio 87.9%
Q4 '24
Net interest share 69.5%
Efficiency ratio 83.9%
Q1 '25
Net interest share 70.6%
Efficiency ratio 78.3%
Q2 '25
Net interest share 79.8%
Efficiency ratio 85.2%
Q3 '25
Net interest share 80.9%
Efficiency ratio 83.5%
Q4 '25
Net interest share 79.9%
Efficiency ratio 82.8%
Q1 '26
Net interest share 73.9%
Efficiency ratio 71.3%
Q2 '26
Net interest share 76.1%
Efficiency ratio 74.1%
Net interest share
Efficiency ratio
Net income and earnings per share
Loss periods are shown in red.
FY17
Net income $2.0M
FY18
Net income $5.6M
FY19
Net income $8.0M
FY20
Net income $24.5M
FY21
Net income $20.6M
FY22
Net income $21.7M
FY23
Net income $5.2M
FY24
Net income $8.5M
FY25
Net income $13.2M
Q3 '23
Net income $3.1M
Q4 '23
Net income −$3.2M
Q1 '24
Net income $2.5M
Q2 '24
Net income $1.1M
Q3 '24
Net income $2.1M
Q4 '24
Net income $2.7M
Q1 '25
Net income $4.2M
Q2 '25
Net income $2.5M
Q3 '25
Net income $3.2M
Q4 '25
Net income $3.3M
Q1 '26
Net income $6.2M
Q2 '26
Net income $5.7M
FY17
Diluted EPS −$0.05
FY18
Diluted EPS $0.63
FY19
Diluted EPS $1.01
FY20
Diluted EPS $3.08
FY21
Diluted EPS $2.50
FY22
Diluted EPS $2.23
FY23
Diluted EPS $0.54
FY24
Diluted EPS $0.87
FY25
Diluted EPS $1.34
Q3 '23
Diluted EPS $0.32
Q4 '23
Diluted EPS −$0.33
Q1 '24
Diluted EPS $0.26
Q2 '24
Diluted EPS $0.11
Q3 '24
Diluted EPS $0.22
Q4 '24
Diluted EPS $0.28
Q1 '25
Diluted EPS $0.43
Q2 '25
Diluted EPS $0.26
Q3 '25
Diluted EPS $0.32
Q4 '25
Diluted EPS $0.33
Q1 '26
Diluted EPS $0.63
Q2 '26
Diluted EPS $0.57
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY17
ROE 2.0%
ROTE −0.4%
Efficiency ratio 90.8%
FY18
ROE 5.2%
ROTE 4.7%
Efficiency ratio 87.1%
FY19
ROE 6.5%
ROTE 7.4%
Efficiency ratio 84.1%
FY20
ROE 17.4%
ROTE 18.8%
Efficiency ratio 64.3%
FY21
ROE 11.0%
ROTE 11.0%
Efficiency ratio 71.4%
FY22
ROE 9.4%
ROTE 10.4%
Efficiency ratio 73.3%
FY23
ROE 2.2%
ROTE 2.5%
Efficiency ratio 91.5%
FY24
ROE 3.4%
ROTE 3.8%
Efficiency ratio 87.1%
FY25
ROE 5.1%
ROTE 5.6%
Efficiency ratio 82.4%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
First Western Financial Inc returned $0.8M to shareholders in fiscal 2025. The diluted share count rose 0.8%.
FY17
Dividends —
Buybacks —
FY18
Dividends —
Buybacks $0.2M
FY19
Dividends —
Buybacks $0.7M
FY20
Dividends —
Buybacks $0.4M
FY21
Dividends —
Buybacks —
FY22
Dividends —
Buybacks —
FY23
Dividends —
Buybacks $0.0M
FY24
Dividends —
Buybacks $0.1M
FY25
Dividends —
Buybacks $0.8M
Dividends
Buybacks
Q3 '23
Dividends —
Buybacks —
Q4 '23
Dividends —
Buybacks $0.0M
Q1 '24
Dividends —
Buybacks $0.0M
Q2 '24
Dividends —
Buybacks $0.0M
Q3 '24
Dividends —
Buybacks $0.1M
Q4 '24
Dividends —
Buybacks $0.0M
Q1 '25
Dividends —
Buybacks $0.0M
Q2 '25
Dividends —
Buybacks $0.5M
Q3 '25
Dividends —
Buybacks $0.3M
Q4 '25
Dividends —
Buybacks $0.0M
Q1 '26
Dividends —
Buybacks $0.1M
Q2 '26
Dividends —
Buybacks $0.0M
Dividends
Buybacks
FY17
Diluted shares 0.01B
FY18
Diluted shares 0.01B
FY19
Diluted shares 0.01B
FY20
Diluted shares 0.01B
FY21
Diluted shares 0.01B
FY22
Diluted shares 0.01B
FY23
Diluted shares 0.01B
FY24
Diluted shares 0.01B
FY25
Diluted shares 0.01B
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY17
Loans $806M
Deposits $816M
FY18
Loans $887M
Deposits $938M
FY19
Loans $990M
Deposits $1.1B
FY20
Loans $1.5B
Deposits $1.6B
FY21
Loans $1.9B
Deposits $2.2B
FY22
Loans $2.5B
Deposits $2.4B
FY23
Loans $2.5B
Deposits $2.5B
FY24
Loans $2.4B
Deposits $2.5B
FY25
Loans $2.6B
Deposits $2.7B
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $1.9B | $2.5B | $2.5B | $2.4B | $2.6B |
| Deposits | $2.2B | $2.4B | $2.5B | $2.5B | $2.7B |
| Loans / deposits | 87.7% | 102.0% | 99.1% | 95.7% | 95.7% |
| Total assets | $2.5B | $2.9B | $3.0B | $2.9B | $3.2B |
| Shareholders' equity | $219M | $241M | $243M | $252M | $266M |
| Goodwill | $30.6M | $30.4M | $30.4M | $30.4M | $30.4M |
| Intangible assets | $1.3M | $1.7M | $1.5M | $1.2M | $1.0M |
| Provision / loans | 0.1% | 0.2% | 0.5% | 0.1% | 0.2% |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
9 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | $54.5M | $57.6M | $64.0M | $92.6M | $95.4M | $108M | $82.7M | $90.1M | $96.9M |
| Net interest income | $27.6M | $30.6M | $32.1M | $46.1M | $56.6M | $83.9M | $71.1M | $64.3M | $75.4M |
| Noninterest income | $27.7M | $27.2M | $32.6M | $51.2M | $40.0M | $27.7M | $21.9M | $27.7M | $26.6M |
| Noninterest expense | $49.5M | $50.2M | $53.8M | $59.5M | $68.1M | $79.1M | $75.6M | $78.5M | $79.8M |
| Provision for credit losses | $0.8M | $0.2M | $0.7M | $4.7M | $1.2M | $3.7M | $12.1M | $3.4M | $5.0M |
| Interest expense | $5.8M | $8.2M | $13.0M | $7.2M | $5.4M | $17.3M | $74.5M | $88.3M | $2.4M |
| Pretax income | $5.0M | $7.4M | $10.2M | $33.1M | $27.3M | $28.8M | $7.1M | $11.6M | $17.1M |
| Income tax | $3.0M | $1.8M | $2.2M | $8.5M | $6.7M | $7.1M | $1.8M | $3.1M | $3.9M |
| Net income | $2.0M | $5.6M | $8.0M | $24.5M | $20.6M | $21.7M | $5.2M | $8.5M | $13.2M |
| Net income to common | −$0.3M | $4.3M | $8.0M | $24.5M | $20.6M | $21.7M | $5.2M | $8.5M | $13.2M |
| Diluted EPS | −$0.05 | $0.63 | $1.01 | $3.08 | $2.50 | $2.23 | $0.54 | $0.87 | $1.34 |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B |
| Cash flow | |||||||||
| Cash from operations | −$5.4M | $17.8M | −$21.5M | −$93.3M | $163M | $48.3M | $21.9M | $0.6M | −$1.8M |
| Capital expenditure | $0.5M | $0.7M | $0.4M | $1.2M | $2.1M | $3.0M | $2.3M | $1.2M | $4.0M |
| Free cash flow | −$5.9M | $17.1M | −$21.9M | −$94.5M | $160M | $45.3M | $19.5M | −$0.6M | −$5.8M |
| Depreciation and amortization | $2.4M | $2.2M | $1.7M | $1.1M | $1.3M | $2.0M | $2.4M | $2.6M | $2.6M |
| Stock-based compensation | $1.3M | $1.9M | $2.3M | $2.5M | $2.9M | $2.6M | $1.8M | $1.5M | $2.2M |
| Acquisitions | $1.0M | — | — | $61.3M | −$121M | $0.0M | — | — | — |
| Share buybacks | — | $0.2M | $0.7M | $0.4M | — | — | $0.0M | $0.1M | $0.8M |
| Dividends and buybacks | — | $0.2M | $0.7M | $0.4M | — | — | $0.0M | $0.1M | $0.8M |
| Balance sheet | |||||||||
| Cash and short-term investments | $9.5M | $73.4M | $78.6M | $156M | $387M | $197M | $255M | $236M | $200M |
| Total debt | — | — | — | — | — | — | — | $0.0M | — |
| Loans, net | $806M | $887M | $990M | $1.5B | $1.9B | $2.5B | $2.5B | $2.4B | $2.6B |
| Deposits | $816M | $938M | $1.1B | $1.6B | $2.2B | $2.4B | $2.5B | $2.5B | $2.7B |
| Property and equipment, net | $6.8M | $6.1M | $5.2M | $5.3M | $24.0M | $25.1M | $25.3M | $24.1M | $25.7M |
| Goodwill | $24.8M | $24.8M | $19.7M | $24.2M | $30.6M | $30.4M | $30.4M | $30.4M | $30.4M |
| Intangible assets | $1.2M | $0.4M | $0.0M | $0.1M | $1.3M | $1.7M | $1.5M | $1.2M | $1.0M |
| Total assets | $970M | $1.1B | $1.3B | $2.0B | $2.5B | $2.9B | $3.0B | $2.9B | $3.2B |
| Total liabilities | $868M | $967M | $1.1B | $1.8B | $2.3B | $2.6B | $2.7B | $2.7B | $2.9B |
| Preferred stock | — | — | — | — | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $102M | $117M | $128M | $155M | $219M | $241M | $243M | $252M | $266M |
| Margins | |||||||||
| Net margin | 3.7% | 9.8% | 12.5% | 26.5% | 21.6% | 20.1% | 6.3% | 9.4% | 13.6% |
| FCF margin | −10.9% | 29.7% | −34.3% | −102.1% | 168.1% | 42.0% | 23.6% | −0.7% | −6.0% |
| Net interest share of revenue | 50.6% | 53.2% | 50.1% | 49.8% | 59.3% | 77.8% | 86.0% | 71.4% | 77.8% |
| Efficiency ratio | 90.8% | 87.1% | 84.1% | 64.3% | 71.4% | 73.3% | 91.5% | 87.1% | 82.4% |
| Returns | |||||||||
| Return on equity | 2.0% | 5.2% | 6.5% | 17.4% | 11.0% | 9.4% | 2.2% | 3.4% | 5.1% |
| Return on assets | 0.2% | 0.5% | 0.7% | 1.5% | 0.9% | 0.8% | 0.2% | 0.3% | 0.4% |
| Return on tangible equity | −0.4% | 4.7% | 7.4% | 18.8% | 11.0% | 10.4% | 2.5% | 3.8% | 5.6% |
| Growth | |||||||||
| Revenue growth | — | 5.7% | 11.0% | 44.7% | 3.0% | 13.1% | −23.4% | 8.9% | 7.6% |
| Net income growth | — | 179.1% | 41.8% | 206.3% | −16.0% | 5.3% | −75.9% | 62.2% | 55.6% |
| EPS growth | — | — | 60.3% | 205.0% | −18.8% | −10.8% | −75.8% | 61.1% | 54.0% |
| FCF growth | — | — | −228.3% | — | — | −71.8% | −56.9% | −103.1% | — |
| Share count change | — | 20.9% | 17.2% | 0.6% | 3.4% | 18.0% | 0.1% | 0.3% | 0.8% |
| Financial health | |||||||||
| Debt / equity | — | — | — | — | — | — | — | 0.0x | — |
| Loans / deposits | 98.8% | 94.5% | 91.1% | 93.9% | 87.7% | 102.0% | 99.1% | 95.7% | 95.7% |
| Provision / loans | 0.1% | 0.0% | 0.1% | 0.3% | 0.1% | 0.2% | 0.5% | 0.1% | 0.2% |
| Capital allocation | |||||||||
| Capex / revenue | 0.9% | 1.2% | 0.6% | 1.3% | 2.2% | 2.7% | 2.8% | 1.3% | 4.1% |
| Stock comp / revenue | 2.4% | 3.2% | 3.6% | 2.7% | 3.0% | 2.4% | 2.2% | 1.6% | 2.2% |
| Payouts / FCF | — | 1.1% | — | — | — | — | 0.0% | — | — |
| Quality scores | |||||||||
| Accruals ratio | 0.8% | −1.2% | 2.5% | 7.3% | −6.3% | −1.0% | −0.6% | 0.3% | 0.5% |
Source: SEC EDGAR XBRL filings (CIK 0001327607). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.