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First Western Financial Inc - MYFW STOCK NEWS

Welcome to our dedicated news page for First Western Financial (Ticker: MYFW), a resource for investors and traders seeking the latest updates and insights on First Western Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Western Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Western Financial's position in the market.

Rhea-AI Summary
First Western Financial, Inc. reported a net income of $2.5 million in Q1 2024, compared to a net loss of $3.2 million in Q4 2023. Diluted earnings per share increased to $0.26 from $(0.34) in the same periods. Non-interest income rose by 19.7% to $7.3 million. Book value per common share increased by 0.8% to $25.52. The loan to deposit ratio decreased to 98.4%. The company's strategic priorities led to positive trends in key areas, including asset quality improvement and higher non-interest income. A conference call and webcast will be held on April 19, 2024.
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First Western Financial, Inc. (NASDAQ: MYFW) to Release Q1 2024 Financial Results on April 18, 2024. Conference Call Scheduled for April 19, 2024. Company Offers Wealth Management Services in Multiple States.
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Rhea-AI Summary
First Western Financial, Inc. reported a slight decrease in net income and revenue for Q4 2023 compared to Q3 2023, with diluted EPS dropping from $0.32 to $0.03. The company saw an increase in total deposits to $2.53 billion, a 4.5% growth from Q3 2023. While net interest income decreased, non-interest income remained flat, and non-interest expenses were steady. The company's total loans and total assets both experienced slight growth. The provision for credit losses increased to $3.9 million in Q4 2023 compared to $0.3 million in Q3 2023. First Western's capital levels remain well above the minimum required, with a total capital to risk-weighted assets ratio of 12.82% in Q4 2023.
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First Western Financial, Inc. (NASDAQ: MYFW) announced the release of financial results for its fourth quarter ended December 31, 2023. The company will hold a conference call on January 26, 2024, to discuss the results. First Western is a financial services holding company headquartered in Denver, Colorado, with operations in several states, providing wealth management services and trading on the NASDAQ under the symbol MYFW.
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First Western Financial reports Q3 2023 financial results, with net revenue increasing by $2.0 million and net income available to common shareholders of $3.1 million
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First Western Financial, Inc. to release Q3 financial results on October 19, 2023.
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1.92%
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conferences earnings
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First Western Financial, Inc. (NASDAQ:MYFW) announces the grand opening of its new First Western Trust Bank Bozeman office, offering personalized banking and investment services. The company plans to host a ribbon-cutting ceremony on November 9, 2023.
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First Western Financial announces executive promotions
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0.3%
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1.3%
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First Western Financial Inc

Nasdaq:MYFW

MYFW Rankings

MYFW Stock Data

131.33M
7.46M
16.93%
56.91%
1.06%
Securities and Commodity Exchanges
Finance and Insurance
Link
US
Denver

About MYFW

first western trust strives to be the best private bank and trust company for the western wealth management client, providing comprehensive tailored solutions and access to a local team of experts. with over $4 billion in affiliated assets under management or advice, first western offers a unique combination of institutional quality investment management and a variety of financial services including wealth planning, investment management, private banking, personal trust, philanthropic services, retirement consulting, insurance and mortgage services. built specifically for the new economies of the west, the firm has offices in arizona, california, colorado and wyoming.