First Western Financial Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	82.7	107.93	95.41	92.6	63.98	57.62	54.5	53.39
Revenue Growth (YoY)	-23.38%	13.13%	3.03%	44.74%	11.04%	5.72%	2.07%	-
Gross Profit	82.7	107.93	95.41	92.6	63.98	57.62	54.5	53.39
Selling, General & Admin	58.88	61.94	54.68	46.27	41.73	39.56	38.48	39.37
Other Operating Expenses	16.76	17.21	13.45	13.27	12.06	10.64	11.02	10.45
Operating Expenses	75.64	79.15	68.13	59.54	53.78	50.2	49.49	49.82
Operating Income	7.06	28.78	27.28	33.06	10.19	7.42	5.01	3.57
Other Expense / Income	-	-0.04	-	-	-	-	-	-
Pretax Income	7.06	28.83	27.28	33.06	10.19	7.42	5.01	3.57
Income Tax	1.84	7.13	6.67	8.53	2.18	1.78	2.98	1.27
Net Income	5.23	21.7	20.61	24.53	8.01	5.65	2.02	2.3
Preferred Dividends	0	0	0	0	0	1.38	2.29	2.84
Net Income Common	5.23	21.7	20.61	24.53	8.01	4.27	-0.27	-0.54
Net Income Growth	-75.92%	5.28%	-15.99%	206.33%	87.61%	-	-	-
Shares Outstanding (Basic)	10	9	8	8	8	8	7	-
Shares Change	0.73%	18.17%	1.01%	-0.43%	0.22%	7.42%	-	-
EPS (Basic)	0.55	2.29	2.58	3.11	1.02	0.64	-0.05	-0.11
EPS (Diluted)	0.54	2.23	2.50	3.08	1.01	0.63	-0.05	-0.11
EPS Growth	-75.78%	-10.80%	-18.83%	204.95%	60.32%	-	-	-
Free Cash Flow	19.53	45.31	160.41	-94.51	-21.93	17.09	-5.93	17.28
Free Cash Flow Per Share	2.04	4.77	19.97	-11.89	-2.75	2.14	-0.80	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	8.54%	26.67%	28.59%	35.71%	15.93%	12.88%	9.19%	6.69%
Profit Margin	6.32%	20.10%	21.60%	26.49%	12.52%	7.41%	-0.49%	-1.01%
Free Cash Flow Margin	23.62%	41.98%	168.13%	-102.07%	-34.28%	29.65%	-10.88%	32.37%
Effective Tax Rate	26.00%	24.73%	24.45%	25.80%	21.42%	23.92%	59.60%	35.54%
EBITDA	9.44	30.84	28.54	34.18	11.86	9.64	7.45	5.99
EBITDA Margin	11.41%	28.57%	29.91%	36.91%	18.54%	16.74%	13.68%	11.23%
Depreciation & Amortization	2.38	2.01	1.26	1.12	1.67	2.22	2.45	2.42
EBIT	7.06	28.83	27.28	33.06	10.19	7.42	5.01	3.57
EBIT Margin	8.54%	26.71%	28.59%	35.71%	15.93%	12.88%	9.19%	6.69%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).