Jeff Miller New Scottsdale Market President at First Western Trust First Western Trust Scottsdale Office Located at 7025 N Scottsdale Rd Suite 100, Scottsdale, AZ 85253 SCOTTSDALE, Ariz., March 06, 2026 (GLOBE NEWSWIRE) -- First Western Trust, a subsidiary of First Western Financial, Inc. (NASDAQ: MYFW), announces the appointment of Jeff Miller as Scottsdale Market President. With more than 15 years of experience in commercial and private banking, Miller brings deep lending expertise, proven leaders ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________ FORM 10-K ____________________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM_____ TO _____ Commission File Number 001-38595 ___________________ ...

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of First Western Financial, Inc. - MYFW [Accessibility Statement] Skip NavigationNEW YORK, Feb. 12, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of First Western Financial, Inc. ("First Western" or the "Company") (NASDAQ: MYFW). Such investors are advised to contact Danielle Peyton at [[email protected]] or 646-581-9980, ext. 7980.The investigation concerns whether First Western and certain of ...

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving First Western Financial, Inc. and its officers or directors [1]. Financial Performance - On January 22, 2026, First Western reported fourth-quarter earnings for 2025 of $0.34 per share, which fell short of analyst expectations [3]. - Following the earnings report, First Western's stock price decreased by $2.40 per share, representing an 8.81% decline, closing at $24.83 per share on January 23, 2026 [3].

Core Viewpoint - First Western Financial, Inc. is under investigation for potential violations of federal securities laws following a disappointing earnings report that missed analyst expectations, leading to a significant drop in stock price [1][2]. Financial Performance - First Western reported fourth-quarter earnings of $0.34 per share for 2025, which was below analyst expectations [1]. - The company's stock price fell over 8% on January 23, 2026, in response to the earnings miss [2]. Legal Investigation - Levi & Korsinsky has initiated an investigation into First Western Financial regarding potential securities law violations [1]. - Investors who suffered losses are encouraged to explore recovery options under federal securities laws [2]. Firm Background - Levi & Korsinsky LLP has a strong reputation in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [3]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [3].

Core Viewpoint - First Western Financial, Inc. is under investigation for potential violations of federal securities laws following a disappointing earnings report for Q4 2025, which resulted in a significant drop in stock price [1][2]. Financial Performance - First Western reported quarterly earnings of $0.34 per share for Q4 2025, which was below analyst expectations [1]. - The company's stock price fell over 8% on January 23, 2026, in response to the earnings miss [2]. Legal Investigation - Levi & Korsinsky has initiated an investigation into First Western Financial regarding potential securities law violations [1]. - Investors who suffered losses on their First Western securities are encouraged to explore recovery options under federal securities laws [2]. Firm Background - Levi & Korsinsky LLP has a strong reputation in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [3]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [3].

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving First Western Financial, Inc. and its officers or directors, following disappointing financial results that led to a significant drop in stock price [1][3]. Financial Performance - On January 22, 2026, First Western reported fourth-quarter earnings of $0.34 per share, which fell short of analyst expectations [3]. - Following the earnings report, First Western's stock price decreased by $2.40 per share, representing an 8.81% decline, closing at $24.83 per share on January 23, 2026 [3]. Legal Investigation - Pomerantz LLP is actively seeking claims from investors of First Western regarding possible securities fraud or other unlawful business practices [1]. - Investors are encouraged to contact Pomerantz LLP for more information about the class action investigation [2]. Firm Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering significant damages for victims of securities fraud and corporate misconduct [4].

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Core Insights - First Western Financial reported improved profitability in Q4 2025, driven by loan and deposit growth, net interest margin expansion, and disciplined expense management [5][8] Loan and Deposit Growth - Loans held for investment increased by $59 million from the previous quarter, with new loan production totaling $146 million at an average rate of 6.36% [1][7] - Total deposits rose by $102 million, attributed to new deposit relationships, despite seasonal outflows [9] Financial Performance - The company posted a net income of $3.3 million, or $0.34 per diluted share, which was higher than the prior quarter [4][8] - Gross revenue increased by 1.5% from the prior quarter and 12.2% year-over-year, primarily due to higher net interest income [10] Net Interest Margin - Net interest margin expanded to 2.71%, driven by lower deposit costs and the opportunity to reprice approximately $250 million of fixed-rate loans maturing next year [7][11] - Net interest income rose by 5.6% sequentially and 21.7% year-over-year, attributed to a higher net interest margin [11] Asset Quality and Expenses - Asset quality trends remained stable, with decreases in non-accrual loans and non-performing assets [17] - Non-interest expense increased by $1.2 million due to a $1.4 million write-down on an OREO property, but excluding this, expenses decreased [16] Future Outlook - Management expects continued balance sheet growth in 2026 to be similar to 2025 levels, with positive trends in net interest margin and fee income [18] - The company aims to keep quarterly expenses below $20 million while remaining open to investment opportunities [19]

Financial Data and Key Metrics Changes - The company generated net income of $3.3 million, or $0.34 per diluted share in Q4 2025, which was higher than the prior quarter [6] - Gross revenue increased by 1.5% from the prior quarter and 12.2% from Q4 2024 [10] - Net interest income rose by 5.6% from the prior quarter and 21.7% from Q4 2024, with net interest margin (NIM) increasing to 2.71% [10][11] - Tangible book value per share increased by 1.6% this quarter [6] Business Line Data and Key Metrics Changes - Loans held for investment increased by $59 million from the end of the prior quarter, with new loan production of $146 million in Q4 [7] - Total deposits increased by $102 million from the end of the prior quarter, with average deposits up 10% compared to Q4 2024 [8][9] - Assets under management in Trust and Investment Management decreased by $155 million, primarily due to net withdrawals [9] Market Data and Key Metrics Changes - The company experienced solid loan production diversified across markets, industries, and loan types, supported by healthy economic conditions [6] - The market remains competitive in terms of pricing on loans and deposits, but the company focuses on service quality rather than competing on rates [4] Company Strategy and Development Direction - The company aims to maintain a conservative approach to new loan production with disciplined underwriting and pricing criteria [4] - There is a focus on organic growth and leveraging market disruption to recruit talent and new clients [14][87] - The company is investing in technology infrastructure, product teams, and marketing to enhance efficiency and value [91] Management's Comments on Operating Environment and Future Outlook - Management sees healthy economic conditions in their markets and expects continued loan and deposit growth in 2026 [14] - Positive trends in net interest margin and fee income are anticipated, with a goal of achieving a 1% return on assets (ROA) [43][94] - The company does not foresee any meaningful deterioration in asset quality based on current portfolio trends [15] Other Important Information - A one-time $1.4 million write-down on an OREO property impacted non-interest expenses, but excluding this, expenses decreased by $100,000 [12] - The company has shifted its focus in Trust and Investment Management from investment management to fiduciary and planning-driven services [26] Q&A Session Summary Question: Margin outlook and loan repricing - Management expects further NIM expansion through 2026, with $250 million in fixed-rate loans maturing over the next year providing repricing opportunities [22][23] Question: Asset management and mortgage banking trends - AUM decline was due to net withdrawals in lower-yielding categories, but higher-yielding categories are improving [25] - Mortgage production is expected to be stronger in Q2 and Q3 of 2026, with a focus on building the MLO team [28] Question: Expense growth rate in 2026 - The company aims to keep expenses below $20 million per quarter while investing in growth opportunities [38] Question: Profitability improvement potential in 2026 - The company targets a 1% ROA, with expectations for continued NIM improvement and operating growth [43] Question: Deposit competition and loan pipeline - Both loan and deposit pipelines are strong, with a focus on optimizing the balance sheet [47] Question: Tax rate outlook - The effective tax rate is expected to stabilize around 23%-24% moving forward [76][77] Question: Mortgage market expectations for 2026 - The company is well-positioned for future mortgage opportunities as market conditions improve [82][83]