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. (NASDAQ: MYFW) is a financial services holding company headquartered in Denver, Colorado, with operations in Colorado, Arizona, Wyoming, California, and Montana. Through First Western Trust and other subsidiaries, the company provides a fully integrated suite of wealth management services on a private trust bank platform, combining deposit and loan products with trust, wealth planning, and investment management services.
This news page aggregates company-specific updates and announcements about First Western and its subsidiaries. Investors and observers can follow quarterly and annual earnings press releases, where the company discusses net interest income, non-interest income, net interest margin, loan and deposit trends, assets under management, credit quality metrics, and capital ratios. These releases often include commentary from management on loan production, deposit growth, expense management, and regional performance across its Western U.S. markets.
In addition to financial results, First Western’s news flow includes items such as leadership appointments and regional developments. For example, the company has highlighted the appointment of regional leadership in Arizona as part of its strategic investment in that market, along with its ongoing support for local businesses, entrepreneurs, and nonprofit organizations through community partnerships and philanthropy.
Visitors to this page can review a chronological archive of MYFW news to understand how the company’s balance sheet, profitability, and wealth management activities evolve over time, as well as how it positions its private trust bank platform and high-net-worth client focus across Colorado, Arizona, Wyoming, California, and Montana.
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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.
First Western Financial (MYFW) reported solid financial results for Q3 2022, with net income rising to $6.2 million or $0.64 per diluted share, up from $4.5 million in Q2 2022. Total loans surged at an annualized rate of 38.1%, with net interest income increasing 13.2% to $22.8 million. However, non-interest income declined 7.0% quarter-over-quarter. Book value per share increased to $24.74, reflecting a 2.8% quarter-over-quarter growth. The company acknowledges potential loan growth moderation amid economic uncertainties.
First Western Financial, Inc. (NASDAQ: MYFW) announced it will release its financial results for Q3 2022 on October 20, 2022, after market hours. A conference call for analysts and investors will follow on October 21, 2022, at 10:00 a.m. MT/12:00 p.m. ET, where management will discuss results and answer questions. Participants must register to obtain access details. First Western, based in Denver, offers a suite of wealth management services across multiple states.
First Western Financial, Inc. (NASDAQ: MYFW) reported Q2 2022 net income of $4.5 million or $0.46 per diluted share, down from $5.5 million in Q1 2022 and $6.3 million in Q2 2021. Despite a decrease in non-interest income, the company experienced a record loan production with total loans held for investment rising 11.3% from Q1 2022. Net interest income grew by 10.1% compared to Q1 2022, primarily due to increased loan growth. Book value per share increased 1.6% from Q1 2022 to $24.06. The outlook remains positive with expectations for continued loan growth and margin expansion.
First Western Financial, Inc. (NASDAQ: MYFW) announces the release of its financial results for Q2 ending June 30, 2022, scheduled for July 28, 2022, after market close. A conference call to discuss these results will occur on July 29, 2022, at 10:00 a.m. MT. Participants must register to receive dial-in details. First Western provides a comprehensive suite of financial services across Colorado, Arizona, Wyoming, and California. The company focuses on wealth management within a private trust bank platform.
First Western Financial, Inc. (NASDAQ: MYFW) announced its inclusion in the Russell 3000® Index and Russell 2000® Index, effective June 27, 2022. This milestone follows the annual reconstitution that ranks the largest US stocks by market capitalization. CEO Scott C. Wylie noted that the company's growth strategies have led to increased market capitalization, which enhances stock liquidity and attracts a broader base of investors. The Russell indexes collectively benchmark around $12 trillion in assets, indicating significant investor interest.