First Western Financial, Inc.
- Open
- 32.77
- Day high
- 33.28
- Day low
- 32.28
- Prev close
- 32.11
- Volume
- 44K
- Mkt cap
- $312M
- P/E (TTM)
- 20.5
- EPS (TTM)
- $1.62
- P/B
- 1.1
- P/S
- 1.6
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$428K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
First Western Financial, Inc. (MYFW) is a Financial Services company listed on NASDAQ. The stock is up 43% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
First Western Financial, Inc. (MYFW) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MYFW earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 24, 2026 | $0.44 | $0.63 | +43.2% | $28M | +4.3% |
| Jan 22, 2026 | $0.47 | $0.34 | -27.7% | $27M | -2.4% |
| Oct 23, 2025 | $0.38 | $0.32 | -15.8% | $26M | -2.1% |
| Jul 24, 2025 | $0.39 | $0.26 | -33.3% | $24M | -9.0% |
| Apr 24, 2025 | $0.23 | $0.43 | +87.0% | $25M | +2.8% |
| Jan 24, 2025 | $0.26 | $0.28 | +6.3% | $21M | -14.8% |
| Oct 24, 2024 | $0.28 | $0.22 | -21.4% | $23M | -6.6% |
| Jul 23, 2024 | $0.30 | $0.11 | -63.3% | $23M | -8.1% |
| Apr 18, 2024 | $0.22 | $0.26 | +18.2% | $23M | -3.5% |
| Mar 15, 2024 | — | $-0.33 | — | $42M | — |
| Oct 19, 2023 | $0.45 | $0.32 | -28.9% | $23M | -12.7% |
| Jul 27, 2023 | $0.44 | $0.25 | -43.2% | $22M | -13.0% |
MYFW insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 5, 2026 | Smith Mark Ldirector | Grant | 974 | — |
| Jun 5, 2026 | Duncan David Rdirector | Grant | 974 | — |
| Jun 5, 2026 | Caponi Julie Adirector | Grant | 974 | — |
| Jun 5, 2026 | Robinson Ellen S.director | Grant | 974 | — |
| Jun 5, 2026 | Zimlich Joseph C.director | Grant | 974 | — |
| Jun 5, 2026 | Gart Thomas Adirector | Grant | 974 | — |
| Jun 5, 2026 | Hamill Patrick Hdirector | Grant | 974 | — |
| Jun 5, 2026 | Latimer Luke Adirector | Grant | 974 | — |
| Jun 5, 2026 | Mitchell Scott Cdirector | Grant | 974 | — |
| May 26, 2026 | Wylie Scott Cdirector, officer: CHAIRMAN, CEO AND PRESIDENT | Sell | 6,417 | $28.31 |
| May 22, 2026 | Wylie Scott Cdirector, officer: CHAIRMAN, CEO AND PRESIDENT | Sell | 1,083 | $28.52 |
| May 5, 2026 | Courkamp Julie Adirector, officer: CHIEF OPERATING OFFICER | Tax | 417 | $28.55 |
| May 5, 2026 | Wylie Scott Cdirector, officer: CHAIRMAN, CEO AND PRESIDENT | Tax | 1,907 | $28.55 |
| May 5, 2026 | Wylie Scott Cdirector, officer: CHAIRMAN, CEO AND PRESIDENT | Tax | 1,440 | $28.55 |
| May 5, 2026 | Cassell Matthew C.officer: CHIEF REVENUE OFFICER | Tax | 36 | $28.55 |
Source: MYFW SEC Form 4 filings, latest Jun 5, 2026. For informational purposes only — not investment advice.
See the full MYFW insider & 13F page →First Western Financial, Inc. company profile
Overview
First Western Financial, Inc. (NASDAQ:MYFW) is a Denver-based financial holding company that was incorporated in 2002 and went public in July 2018. The company operates as a boutique wealth management and private banking institution, serving high-net-worth individuals, entrepreneurs, professionals, and business organizations across the Mountain West region. First Western has built its business around providing personalized financial services through a network of 18 profit centers, including 14 boutique private trust bank offices located in Colorado, Arizona, and Wyoming, along with additional loan production and trust offices. The company has positioned itself as a relationship-focused institution that combines traditional banking services with comprehensive wealth management capabilities.
Business
First Western Financial operates in the regional banking sector with a specialized focus on wealth management and private banking services. The company's business is structured around two primary segments that generate distinct revenue streams. The Wealth Management segment represents the core of First Western's operations, providing a comprehensive suite of financial services including deposit accounts, commercial and residential lending, personal trust services, investment management advisory, and insurance products. This segment serves as a full-service private bank, offering customized financial solutions to affluent clients who typically require more sophisticated banking relationships than those provided by traditional community banks. The wealth management division focuses on building long-term relationships with clients who have complex financial needs, including business owners, professionals, and high-net-worth families. The Mortgage segment operates as a mortgage banking business that originates residential mortgage loans and sells them into the secondary market. This segment employs mortgage loan officers (MLOs) who solicit and originate loans, which are then sold to government-sponsored enterprises or other investors rather than being held on the bank's balance sheet. The mortgage business serves both the bank's existing wealth management clients and external customers seeking home financing. First Western's target market consists of entrepreneurs, professionals, high-net-worth individuals and families, philanthropic organizations, and business entities that require more personalized attention and sophisticated financial services than typically offered by larger regional or national banks. The company's boutique approach allows it to provide tailored solutions including estate planning, business banking, investment advisory services, and trust administration.
Revenue model
First Western Financial generates revenue through multiple complementary business models that leverage its wealth management and private banking focus. The company's primary revenue streams include net interest income from its lending and deposit activities, fee-based income from wealth management services, and mortgage banking income from loan origination and sales. The wealth management segment generates revenue through traditional banking activities, earning net interest income on the spread between interest paid on deposits and interest earned on loans and investments. The bank focuses on attracting non-interest bearing deposits and low-cost deposits from wealthy clients, which provides a stable and relatively inexpensive funding source. Loan pricing is disciplined, with recent new loan production averaging around 8.35% rates. Additionally, this segment generates substantial fee income from trust services, investment management advisory fees, insurance commissions, and other wealth management services. Assets under management (AUM) fluctuate with market conditions but have shown growth over time, reaching levels that generate meaningful recurring fee income. The mortgage segment operates on a fee-for-service model, generating income through origination fees, processing fees, and gain-on-sale margins when loans are sold into the secondary market. This business model provides income without the long-term credit risk associated with holding mortgages on the balance sheet, though it is sensitive to interest rate environments and housing market conditions. Several factors influence First Western's profitability margins. Interest rate environments significantly impact net interest margins, with rising rates generally benefiting the bank's asset-sensitive balance sheet position. Deposit competition affects funding costs, particularly for the bank's focus on wealthy clients who may be more rate-sensitive. Credit quality influences provision expenses, with the bank's concentration in high-net-worth clients and real estate lending creating exposure to economic downturns. Market performance directly affects assets under management and related fee income, while regulatory changes in wealth management and banking can impact operational costs and revenue recognition.
Competitive moat
First Western Financial's competitive moat is relatively narrow but centers on its specialized positioning in the wealth management and private banking niche within the Mountain West region. The company's primary competitive advantages include its boutique service model that provides personalized attention to affluent clients, its integrated wealth management platform that combines banking, trust, and investment services, and its regional market knowledge in Colorado, Arizona, and Wyoming markets. The bank's relationship-focused approach creates some client stickiness, as wealthy individuals and families often prefer established relationships for their complex financial needs, including estate planning, business banking, and investment management. The comprehensive service offering allows First Western to capture multiple revenue streams from each client relationship, making it more difficult for clients to switch to competitors who may only offer subset services. However, First Western faces significant competitive pressures that limit the strength of its moat. Larger regional and national banks with substantially greater resources can offer similar services with potentially better technology platforms, broader geographic reach, and more competitive pricing. Independent wealth management firms and registered investment advisors compete directly for the fee-based wealth management business without the regulatory burden of bank operations. Fintech companies and robo-advisors are increasingly targeting affluent clients with technology-driven solutions that may appeal to younger wealthy individuals. The bank's small scale, with approximately $2.9 billion in assets, limits its ability to invest in technology infrastructure and compete on pricing with larger institutions. Additionally, the company's geographic concentration in the Mountain West creates vulnerability to regional economic downturns, particularly given the area's exposure to energy, real estate, and tourism sectors. The regulatory environment for small banks continues to intensify, creating ongoing compliance costs that larger competitors can spread across bigger asset bases.
Risks & safety
First Western Financial presents a moderate margin of safety with mixed financial health indicators that require careful monitoring. • Liquidity and Cash Position: Strong cash position with $236 million in cash and short-term investments, providing substantial liquidity buffer. Current ratio of 15.3 indicates excellent short-term liquidity management. • Debt and Solvency: Debt-to-equity ratio of 0.43 is manageable, though the bank carries typical banking leverage. Total assets of $2.9 billion against $2.67 billion in liabilities provides reasonable equity cushion. • Profitability and Cash Flow: Recent quarters show positive but modest profitability with Q4 2024 net income of $2.7 million. However, free cash flow has been negative in recent quarters (-$4.8 million in Q4 2024), indicating operational cash flow challenges. • Valuation Metrics: Trading at P/E ratio of 17.2x and price-to-book ratio of 0.75x, suggesting reasonable valuation relative to book value but higher earnings multiple. • Asset Quality Concerns: Significant exposure to non-performing loans, with ongoing resolution of large problem relationships. OREO (Other Real Estate Owned) properties indicate credit issues, though management expects minimal losses. • Operational Challenges: Net interest margin compression and deposit cost pressures create ongoing profitability headwinds. Small scale limits operational efficiency compared to larger competitors.
Recent development
Over the past few years, First Western Financial has undergone significant strategic repositioning focused on conservative risk management and operational efficiency improvements. The company has maintained a disciplined approach to loan production, prioritizing asset quality over growth, particularly in light of challenging economic conditions and elevated interest rates. A key strategic initiative has been the expansion of the mortgage banking business, with the company adding approximately 14 new mortgage loan officers (MLOs) throughout 2024, bringing the total team to around 25 professionals. This expansion has shown positive results, with the mortgage segment returning to profitability after previous losses and achieving record production levels in late 2024. The company has also opened new loan production offices to support this growth. The bank has prioritized deposit gathering and relationship banking, successfully growing deposits while reducing the loan-to-deposit ratio from over 100% to approximately 95%. This strategy has improved the bank's liquidity position and reduced reliance on wholesale funding sources. Management has focused on attracting non-interest bearing deposits from wealthy clients, which provides lower-cost funding. Technology modernization represents another significant strategic focus, with the company initiating a comprehensive technology platform rebuild moving to cloud-based solutions. This initiative is expected to generate long-term efficiency gains and improved client service capabilities, though it requires substantial upfront investment. The company has also made progress in resolving non-performing assets, particularly a large problem relationship that has been a drag on performance. The resolution of OREO properties, including the pending sale of the 3 Metals Ranch property, should improve asset quality and provide additional liquidity for redeployment into earning assets.
MYFW company profile · for informational purposes only — not investment advice.
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