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First Western Financial Inc (MYFW)

For the quarter ending 2025-06-30, MYFW made $22,416K in revenue. $2,503K in net income. Net profit margin of 11.17%.

Overview

Revenue
$22,416K
Net Income
$2,503K
Net Profit Margin
11.17%
EPS
$0.26
Unit: Thousand (K) dollars
Revenue Breakdown
    • Loans, including fees
    • Deposits
    • Trust and investment management ...
    • Others

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Total income before non-interest expense22,416 24,718 22,039 20,416
Professional services1,855 1,704 1,893 1,826
Other1,486 1,500 1,333 1,556
Occupancy and equipment2,224 2,210 2,126 2,080
Marketing267 216 374 243
Salaries and employee benefits11,019 11,480 11,439 11,097
Amortization of other intangible assets52 51 57 56
Technology and information systems1,030 1,078 1,045 1,042
Data processing1,166 1,122 1,101 1,101
Total non-interest expense19,099 19,361 19,368 19,001
Income before income taxes3,317 5,357 2,671 1,415
Income tax expense814 1,172 537 339
Net income available to common shareholders2,503 4,185 2,134 1,076
Basic (in usd per share)0.26 0.43 0.22 0.11
Basic weighted average shares (in shares)9,707,924 9,704,419 9,663,131 9,647,345
Diluted (in usd per share)0.26 0.43 0.22 0.11
Diluted weighted average shares (in shares)9,809,321 9,798,591 9,766,656 9,750,667
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Dividends, restrictedstock$155K (47.62%↑ Y/Y)Loans accounted forunder the fair value...$85K (-49.40%↓ Y/Y)Investment securities$819K (25.81%↑ Y/Y)Loans, including fees$35,085K (-0.54%↓ Y/Y)Interest-bearing deposits inother financial...$1,356K (-26.90%↓ Y/Y)Total interest anddividend income$37,500K (-1.46%↓ Y/Y)Net interest income$17,884K (13.35%↑ Y/Y)Bank fees$293K (-10.40%↓ Y/Y)Risk management andinsurance fees$47K (-56.88%↓ Y/Y)Income oncompany-owned life insurance$112K (5.66%↑ Y/Y)Unrealized gain (loss)recognized on equity...$3K (250.00%↑ Y/Y)Net gain (loss) onloans accounted for...$26K (108.25%↑ Y/Y)Net gain on mortgageloans$1,187K (-34.78%↓ Y/Y)Trust and investmentmanagement fees$4,512K (-7.45%↓ Y/Y)Other$125K (140.38%↑ Y/Y)Total interestexpense$19,616K Net interestincome, after provision...$16,111K (19.84%↑ Y/Y)Total non-interestincome$6,305K (-9.57%↓ Y/Y)Less provision forcredit losses$1,773K (-24.04%↓ Y/Y)Other borrowed funds$1,408K (-1.40%↓ Y/Y)Deposits$18,208K (-12.66%↓ Y/Y)Total income beforenon-interest expense$22,416K (9.80%↑ Y/Y)Income before incometaxes$3,317K (134.42%↑ Y/Y)Total non-interestexpense$19,099K (0.52%↑ Y/Y)Net incomeavailable to common...$2,503K (132.62%↑ Y/Y)Income tax expense$814K (140.12%↑ Y/Y)Data processing$1,166K (5.90%↑ Y/Y)Technology and informationsystems$1,030K (-1.15%↓ Y/Y)Amortization of otherintangible assets$52K (-7.14%↓ Y/Y)Salaries and employeebenefits$11,019K (-0.70%↓ Y/Y)Marketing$267K (9.88%↑ Y/Y)Occupancy and equipment$2,224K (6.92%↑ Y/Y)Other$1,486K (-4.50%↓ Y/Y)Professional services$1,855K (1.59%↑ Y/Y)