First Quarter 2025 Conference Call Safe Harbor This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect the current views of First Western Financial, Inc.'s ("First Western") management with respect to, among other things, future events and First Western's financial performance. These statements are often, but not always, mad ...

First Western Financial, Inc. (NASDAQ:MYFW) Q1 2025 Earnings Conference Call April 25, 2025 12:00 PM ET Company Participants Tony Rossi - IR Scott Wylie - Chairman and CEO Julie Courkamp - COO David Weber - CFO Conference Call Participants Matthew Clark - Piper Sandler Will Jones - KBW Bill Dezellem - Tieton Capital Management Ross Haberman - RLH Investments Operator Good day, and thank you for standing by. Welcome to the First Western Financial First Quarter 2025 Earnings Conference Call. At this time, all ...

Group 1 - First Western reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, and showing an increase from $0.26 per share a year ago, resulting in an earnings surprise of 86.96% [1] - The company posted revenues of $24.8 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 7.35%, compared to $23.35 million in the same quarter last year [2] - Over the last four quarters, First Western has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Group 2 - The stock's immediate price movement will depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - First Western shares have declined approximately 6.5% since the beginning of the year, while the S&P 500 has decreased by 8.6% [3] - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $24.71 million, and for the current fiscal year, it is $1.50 on revenues of $102.18 million [7] Group 3 - The Zacks Industry Rank indicates that the Banks - Midwest sector is currently in the top 10% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this category [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for First Western is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]

Exhibit 99.1 First Western Reports First Quarter 2025 Financial Results First Quarter 2025 Summary Denver, Colo., April 24, 2025 – First Western Financial, Inc. ("First Western" or the "Company") (NASDAQ: MYFW), today reported financial results for the first quarter ended March 31, 2025. Net income available to common shareholders was $4.2 million, or $0.43 per diluted share, for the first quarter of 2025. This compares to net income of $2.7 million, or $0.28 per diluted share, for the fourth quarter of 202 ...

First Quarter 2025 Summary Net income available to common shareholders of $4.2 million in Q1 2025, compared to $2.7 million in Q4 2024Diluted earnings per share of $0.43 in Q1 2025, compared to $0.28 in Q4 2024Net interest income of $17.5 million in Q1 2025, compared to $16.9 million in Q4 2024Net interest margin increased 16 basis points from 2.45% in Q4 2024 to 2.61% in Q1 2025Other real estate owned ("OREO") decreased $31.5 million from $35.9 million in Q4 2024 to $4.4 million in Q1 2025 due to the sale ...

DENVER, April 04, 2025 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western”), announced today that it will release financial results for its first quarter ended March 31, 2025 after the markets close on Thursday, April 24, 2025. Management will hold a conference call at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time on Friday, April 25, 2025, to discuss First Western’s financial results. Analysts and inves ...

DENVER, April 04, 2025 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western"), announced today that it will release financial results for its first quarter ended March 31, 2025 after the markets close on Thursday, April 24, 2025. Management will hold a conference call at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time on Friday, April 25, 2025, to discuss First Western's financial results. Analysts and invest ...

Financial Performance - For the year ended December 31, 2024, the company reported net income available to common shareholders of $8.5 million, a 63.5% increase from $5.2 million in 2023[303]. - Net income for 2024 increased to $8,473,000, up from $5,225,000 in 2023, representing a 62.5% year-over-year growth[472]. - Earnings per common share (basic) increased to $0.88 in 2024 from $0.55 in 2023, a 60% increase[472]. - Total comprehensive income for 2024 was $8,893,000, compared to $5,544,000 in 2023, representing a 60.5% increase[472]. Revenue and Income Sources - Total revenues of $90.1 million and $7.32 billion in assets under management (AUM)[291]. - Non-interest income increased by $5.8 million in 2024, driven by higher net gains on mortgage loans and increased risk management and insurance fees[303]. - Non-interest income increased to $27,680,000 in 2024, up from $21,948,000 in 2023, reflecting a 26.2% growth[469]. - Total interest and dividend income rose to $152,651,000 in 2024, compared to $145,558,000 in 2023, marking a 4.5% increase[469]. Interest Income and Expenses - Net interest income before provision for credit losses was $64.3 million for 2024, a decrease of 9.6% compared to 2023, primarily due to a $174.2 million increase in average interest-bearing deposit balances[304]. - The company's net interest margin for 2024 was 2.37%, down from 2.62% in 2023, while the net interest spread decreased from 1.71% to 1.50%[304]. - Average loan yield increased to 5.70% in 2024 from 5.43% in 2023, attributed to elevated interest rates impacting new loan production[305]. - Net interest income after provision for credit losses was $62,391,000 in 2024, compared to $60,750,000 in 2023, a 2.7% increase[469]. Assets and Liabilities - Total assets as of December 31, 2024, were $2.92 billion, with total revenues of $90.1 million and $7.32 billion in assets under management (AUM)[291]. - The company reported a total of $2.85 billion in assets as of December 31, 2024, up from $2.82 billion in 2023[8][10]. - Total deposits decreased by $14.8 million, or 0.6%, to $2.51 billion as of December 31, 2024, primarily driven by operating account fluctuations and clients using liquidity for strategic investments[341]. - Cash and cash equivalents decreased by $18.401 million, or 7.2%, to $236.041 million as of December 31, 2024[337]. Credit Losses and Risk Management - The provision for credit losses recorded for the year ended December 31, 2024 was $1.9 million, a significant decrease from $10.4 million in 2023, attributed to $9.0 million of net charge-offs[12][13]. - The total allowance for credit losses at the end of 2024 was $18.33 million, down from $23.93 million at the end of 2023, reflecting a decrease in expected credit losses[392]. - The allowance for credit losses to total loans ratio decreased to 0.76% in 2024 from 0.95% in 2023, indicating a reduction in risk[392]. - The company maintains a credit management program to mitigate credit risk, with a focus on early identification and management of problem loans[12][13]. Operational Expenses - The increase in non-interest expense was primarily due to higher operational costs related to non-performing asset workouts and technology enhancements[307]. - Total non-interest expense increased by $2.855 million, or 3.8%, to $78.492 million for the year ended December 31, 2024, compared to $75.637 million in 2023[321]. - Non-interest expense rose by 3.8% to $78.5 million, driven by operational costs related to OREO write-downs and technology enhancements[20]. Capital and Regulatory Compliance - The company has adopted the Basel III regulatory capital framework, exceeding the current well-capitalized regulatory requirements as of December 31, 2024[302]. - The Bank was classified as "well capitalized" under prompt corrective action regulations as of December 31, 2024[419]. - As of December 31, 2024, the Bank's Tier 1 capital to risk-weighted assets ratio was 11.41%, up from 10.54% in 2023[420]. - The Bank's total capital to risk-weighted assets ratio was 12.10% for the Bank and 13.12% for the consolidated entity as of December 31, 2024[420]. Loan Portfolio and Performance - Total loans amounted to $2.425565 billion as of December 31, 2024, with fixed-rate loans constituting $1.003445 billion and floating-rate loans $1.422120 billion[364]. - Non-performing loans totaled $12.8 million, a decrease from $50.8 million in 2023, indicating improved loan quality[378]. - The largest category of the loan portfolio is Commercial Real Estate (CRE), with Non-Owner Occupied CRE accounting for 25.3% of total loans in 2024, up from 21.6% in 2023[359]. - The company conducts regular loan reviews and stress tests to assess risk levels in the loan portfolio, ensuring robust credit policies are in place[363].

Financial Data and Key Metrics - The company held its Q4 2024 earnings conference call on January 24, 2025, with key management participants including Scott Wylie (Chairman and CEO), Julie Courkamp (COO), and David Weber (CFO) [1][3] - The call included forward-looking statements regarding the company's future performance and financial condition, with a reminder that actual results may differ due to various risks and uncertainties [5][6] Business Line Data and Key Metrics - No specific data or metrics related to individual business lines were provided in the content Market Data and Key Metrics - No specific data or metrics related to market performance were provided in the content Company Strategy and Industry Competition - No specific details on company strategy, development direction, or industry competition were provided in the content Management Commentary on Operating Environment and Future Outlook - Management emphasized the inclusion of forward-looking statements in the call, highlighting potential risks and uncertainties that could impact future results [5][6] Other Important Information - The company used a slide presentation during the call, which was available for download on the Investor Relations website [4] - Non-GAAP measures were referenced during the call, intended to supplement but not replace GAAP measures [6] Q&A Session Summary - No specific questions or answers from the Q&A session were provided in the content

Earnings Performance - First Western reported quarterly earnings of $0 28 per share, missing the Zacks Consensus Estimate of $0 34 per share, representing an earnings surprise of -17 65% [1] - The company's earnings were $0 03 per share a year ago, showing significant year-over-year growth despite the miss [1] - Over the last four quarters, the company has surpassed consensus EPS estimates only once [2] Revenue Performance - First Western posted revenues of $23 37 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 6 90% [2] - Year-ago revenues were $22 41 million, indicating a modest year-over-year increase [2] - The company has topped consensus revenue estimates just once over the last four quarters [2] Stock Performance - First Western shares have lost about 7 4% since the beginning of the year, underperforming the S&P 500's gain of 3 5% [3] - The stock's immediate price movement will depend on management's commentary on the earnings call [3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0 30 on $25 1 million in revenues [7] - For the current fiscal year, the consensus EPS estimate is $1 74 on $108 8 million in revenues [7] - The estimate revisions trend for First Western is unfavorable, translating into a Zacks Rank 5 (Strong Sell) [6] Industry Context - First Western belongs to the Zacks Banks - Midwest industry, which is currently in the top 12% of the 250 plus Zacks industries [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - First Merchants, another stock in the same industry, is expected to post quarterly earnings of $0 90 per share, representing a year-over-year change of +3 5% [9] - First Merchants' revenues are expected to be $161 3 million, up 3 1% from the year-ago quarter [9] - The consensus EPS estimate for First Merchants has remained unchanged over the last 30 days [9]