First Western Financial (NASDAQ:MYFW) Posts Earnings Results, Hits Expectations

First Western Financial (NASDAQ:MYFW) issued its earnings results on Thursday. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60, Zacks reports. The firm had revenue of $28.87 million for the quarter, compared to analysts’ expectations of $29.49 million. First Western Financial had a net margin of 10.94% and a return on equity of 7.77%.

First Western Financial Stock Down 0.5%

Shares of NASDAQ MYFW traded down $0.16 during midday trading on Friday, hitting $29.98. 53,159 shares of the company’s stock were exchanged, compared to its average volume of 43,736. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.02 and a quick ratio of 1.01. First Western Financial has a twelve month low of $22.00 and a twelve month high of $34.36. The company has a market cap of $292.90 million, a PE ratio of 14.01 and a beta of 0.76. The firm’s fifty day simple moving average is $30.49 and its 200-day simple moving average is $30.12.

Insiders Place Their Bets

In related news, CEO Scott C. Wylie sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $30.55, for a total value of $305,500.00. Following the completion of the transaction, the chief executive officer directly owned 740,312 shares of the company’s stock, valued at $22,616,531.60. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on MYFW. Zacks Research upgraded shares of First Western Financial from a “strong sell” rating to a “hold” rating in a report on Friday, September 25th. Piper Sandler raised their price objective on shares of First Western Financial from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Hovde Group initiated coverage on shares of First Western Financial in a research report on Friday, September 18th. They set a “hold” rating and a $33.00 price objective for the company. Finally, Weiss Ratings upgraded shares of First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $32.33.

First Western Financial News Summary

Here are the key news stories impacting First Western Financial this week:

• Positive Sentiment: Net income available to common shareholders increased to $6.0 million, or $0.60 per diluted share, from $5.7 million, or $0.57 per share, in the second quarter. EPS also rose from $0.32 a year earlier and exceeded the $0.58 Zacks consensus estimate. First Western Q3 earnings article
• Positive Sentiment: Operating trends strengthened sequentially: pre-tax, pre-provision net income rose 14.5% to $7.9 million, net interest income increased 5.5% to $23.0 million, and net interest margin expanded five basis points to 2.95%. First Western third-quarter financial results
• Positive Sentiment: Loan growth remained solid, with loans held for investment up 3.5% to $2.81 billion, while deposits increased 2.5% to $2.92 billion. This supports future interest income and indicates continued balance-sheet expansion. First Western third-quarter financial results
• Neutral Sentiment: Management discussed the results during the October 23 earnings call, giving investors additional detail on loan growth, margins, credit quality and the outlook. First Western Q3 2026 earnings call transcript
• Negative Sentiment: Revenue of $28.87 million fell short of the $29.49 million analyst consensus, while the company’s $0.60 EPS was only in line with the broader consensus estimate. The modest earnings beat versus Zacks may therefore be insufficient to offset the revenue miss. First Western in-line Q3 EPS report

First Western Financial Company Profile

First Western Financial, Inc is a Denver-based financial holding company that operates through First Western Trust Bank. The company provides private banking, wealth management and trust services to high-net-worth individuals, families, businesses, foundations and nonprofit organizations.

Its banking offerings include commercial and personal lending, deposit accounts, cash management and other customized financial solutions. Through its wealth management business, First Western provides investment management, financial planning, fiduciary administration and trust services designed to support clients’ long-term financial and estate-planning needs.

First Western serves clients primarily in Colorado and selected Western U.S.