Welcome to our dedicated page for First Western Financial news (Ticker: MYFW), a resource for investors and traders seeking the latest updates and insights on First Western Financial stock.
First Western Financial Inc (MYFW) maintains this dedicated news hub for investors and financial professionals tracking its operations as an integrated private trust bank. Access official press releases and verified updates covering strategic initiatives, financial performance, and service developments across both core segments.
This resource consolidates essential announcements including earnings disclosures, leadership changes, regulatory filings, and market expansion updates. Users gain direct access to primary source materials related to wealth management innovations, mortgage service updates, and corporate governance matters.
All content undergoes strict verification to ensure compliance with financial disclosure standards. The archive serves as a historical record of MYFW's operational milestones while providing context for its conservative risk management approach and client-focused service model.
Bookmark this page for streamlined monitoring of MYFW's evolving position in private banking and wealth management sectors. Combine these verified updates with broader market analysis when evaluating the company's strategic trajectory.
First Western Financial, Inc. (NASDAQ: MYFW) announced it will release its financial results for the first quarter ended March 31, 2023, on April 27, 2023, after market close. A conference call is scheduled for April 28, 2023, at 10:00 a.m. MT to discuss these results. Analysts and investors are invited to participate in a question-and-answer session following the presentation. The call will be accessible via telephone and also streamed live on the company’s investor relations website. First Western operates in multiple states, offering a range of wealth management services including deposits, loans, trusts, and investment management products.
First Western Financial, Inc. (NASDAQ: MYFW) reported its fourth quarter 2022 financial results with net income of $5.5 million, or $0.56 per diluted share, a decline from $6.2 million in Q3 2022. Total deposits rose 11.0% to $2.41 billion, while total loans increased by 5.1% to $2.48 billion. Gross revenue slightly decreased by 1.0% to $29.0 million compared to Q3 2022 but marked a 23.8% annual increase. The net interest margin fell to 3.32% due to rising costs of funds. Book value per share rose 2.5%, closing at $25.37. The company emphasizes strong business growth despite potential economic headwinds ahead.
First Western Financial, Inc. (NASDAQ: MYFW) announced its financial results for the fourth quarter ending December 31, 2022, will be released after market close on January 26, 2023. A conference call is scheduled for January 27, 2023, at 10:00 a.m. MT, where management will discuss the results and engage in a Q&A session.
As a financial services holding company, First Western provides wealth management services across several states, including Colorado and California. For more details, visit their investor relations page.
First Western Financial, Inc. (NASDAQ: MYFW) announced a $20 million issuance of 7.00% Fixed-to-Floating Rate Subordinated Notes due December 15, 2032. The proceeds will be used for general corporate purposes, enhancing the company’s Tier 2 capital. Interest is fixed at 7.00% until December 2027, after which it will reset quarterly based on Three-Month Term SOFR plus 328 basis points. The company may redeem the notes starting December 15, 2027, subject to regulatory approval. This initiative is expected to bolster capital ratios and support growth strategies.
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