First Western Financial, Inc. (MYFW)

First Western Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	139.25	140.69	136.76	96.52	60.76	52
Interest Income on Investments	11.66	11.96	8.79	4.68	1.25	1.34
Total Interest Income	150.91	152.65	145.56	101.2	62.01	53.33
Interest Paid on Deposits	77.8	82.54	65.46	13.01	3.48	5.79
Interest Paid on Borrowings	5.3	5.79	8.99	4.26	1.93	1.44
Total Interest Expense	83.1	88.33	74.45	17.27	5.42	7.23
Net Interest Income	67.81	64.32	71.11	83.93	56.6	46.1
Net Interest Income Growth (YoY)	4.42%	-9.54%	-15.28%	48.29%	22.76%	43.80%
Trust Income	18.58	19.19	18.79	18.94	20.2	19.02
Gain (Loss) on Sale of Assets	0.46	-	-	0.05	-	-0.55
Gain (Loss) on Sale of Investments	-0.01	-0.03	-0.02	0.35	0.47	-
Other Non-Interest Income	4.32	4.71	2.54	4.72	3.31	2.88
Total Non-Interest Income	27.08	27.68	21.95	27.74	40.04	50.63
Non-Interest Income Growth (YoY)	2.47%	26.12%	-20.87%	-30.73%	-20.91%	55.41%
Revenues Before Loan Losses	94.89	92	93.05	111.66	96.64	96.73
Provision for Loan Losses	1.38	1.93	10.36	3.68	1.23	4.68
Revenue	93.51	90.07	82.7	107.98	95.41	92.05
Revenue Growth (YoY)	16.68%	8.92%	-23.41%	13.18%	3.65%	43.88%
Salaries and Employee Benefits	43.46	43.55	43.36	45.69	37.3	32.23
Occupancy Expenses	2.77	2.63	2.68	2.27	1.19	0.85
Amortization of Goodwill & Intangibles	0.22	0.23	0.25	0.31	0.02	0.01
Selling, General & Administrative	24.78	24.65	23.97	26.35	22.27	21.61
Other Non-Interest Expense	7.03	7.44	5.37	4.55	3.25	3.43
Total Non-Interest Expense	78.26	78.49	75.64	79.15	64.03	58.3
EBT Excluding Unusual Items	15.26	11.58	7.06	28.83	31.38	33.75
Pretax Income	15.26	11.58	7.06	28.83	27.28	33.06
Income Tax Expense	3.69	3.11	1.84	7.13	6.67	8.53
Earnings From Continuing Operations	-	8.47	5.23	21.7	20.61	24.53
Net Income	11.57	8.47	5.23	21.7	20.61	24.53
Net Income to Common	11.57	8.47	5.23	21.7	20.61	24.53
Net Income Growth	231.52%	62.16%	-75.92%	5.28%	-15.99%	206.33%
Basic Shares Outstanding	10	10	10	9	8	8
Diluted Shares Outstanding	10	10	10	10	8	8
Shares Change (YoY)	0.44%	0.31%	0.13%	17.95%	3.43%	0.59%
EPS (Basic)	1.20	0.88	0.55	2.29	2.58	3.11
EPS (Diluted)	1.18	0.87	0.54	2.23	2.50	3.08
EPS Growth	226.95%	61.11%	-75.78%	-10.80%	-18.83%	204.95%
Effective Tax Rate	24.18%	26.82%	26.00%	24.73%	24.45%	25.80%

Updated May 7, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q