After reaching an important support level, First Western Financial, Inc. (MYFW) could be a good stock pick from a technical perspective. MYFW recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longe ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ x QUARTERLY 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 _________________________________________ FIRST WESTERN FINANCIAL, INC. (Exact name of registrant as specified in its charter) __________________________ ...

Investors might want to bet on First Western (MYFW) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate rev ...

Financial Performance - Net income available to common shareholders was $42 million, resulting in diluted earnings per share of $043[8] - Net interest income increased to $175 million, compared to $169 million in the prior quarter, a 36% improvement[8, 42] - Gross revenue increased by 34% from the prior quarter[37] - Tangible book value per share increased by 16% to $2318[14] Loan Portfolio - New loan production in 1Q25 reached $708 million, with a focus on relationship-based lending[23] - The average rate on new loan production was 689%, higher than the average rate of loans paying off[23] - Total loans held for investment remained relatively flat compared to the prior quarter[23] Deposits and Assets Under Management - Total deposits increased by 04% from $251 billion in 4Q24 to $252 billion in 1Q25[28] - Noninterest-bearing deposits increased by 90% from $376 million in 4Q24 to $410 million in 1Q25[28] - Total assets under management decreased by 20% during the quarter to $718 billion[33] Asset Quality and Expenses - Non-performing assets decreased by $318 million to $171 million due to the sale of two OREO properties[57] - The efficiency ratio improved from 8074% in 4Q24 to 7916% in 1Q25, a 452% improvement from 1Q24[52]

Financial Data and Key Metrics Changes - The company generated net income of $4.2 million or $0.43 per diluted share in Q1 2025, representing substantial increases from the prior quarter [11] - Tangible book value per share increased by 1.6% this quarter [12] - Gross revenue increased by 3.4% from the prior quarter, driven by increases in both net interest income and non-interest income [19] Business Line Data and Key Metrics Changes - New loan production was $71 million in Q1 2025, offset by $72 million in loan payoffs, resulting in a slight decrease in total loans [14] - The average rate on new loan production was 6.89%, higher than the average rate on loan payoffs, contributing positively to the loan portfolio's yield [15] - Total deposits were up slightly from the end of the prior quarter, with inflows of non-interest bearing deposits from existing clients and new relationships [16] Market Data and Key Metrics Changes - The company saw a $144 million decrease in assets under management (AUM) in Q1 2025, primarily due to net withdrawals in fixed fee accounts [18] - AUM increased nearly 1% over the past year despite the quarterly decrease [18] Company Strategy and Development Direction - The company is focused on improving profitability and asset quality, with a disciplined approach to loan production and pricing [9][28] - There is a priority on growing the trust investment management business, with new leadership added to enhance contributions to future growth [30][80] - The company plans to redeploy cash from the sale of OREO properties into interest-earning assets to support loan production [29] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about continued positive trends in asset quality, net interest margin, and overall efficiencies [28] - There is caution regarding potential impacts on loan demand due to macroeconomic uncertainties, including tariffs [30] - The company aims to achieve a return on assets (ROA) target of 1% as it continues to grow and improve profitability [61] Other Important Information - The company successfully resolved two largest OREO properties, resulting in a net gain [10] - Non-interest expense decreased by $1 million from the prior quarter, primarily due to a write-down recorded in the previous quarter [23] Q&A Session Summary Question: Can you isolate any interest recoveries on a dollar basis? - The company saw a higher amortized loan fee through the quarter, approximately $200,000 higher than typical [37][39] Question: What is the spot rate on deposits at the end of March? - The spot rate was 2.98%, with a cost of funds around 3.05% [41] Question: What is the outlook for loan payoffs going forward? - Historically, payoffs have been consistent at about $100 million per quarter, with expectations for similar trends moving forward [67] Question: How quickly do you expect new hires to impact the bottom line? - It typically takes time for new hires to settle in, but a positive impact is expected over the next two to three quarters [100]

First Western Financial (MYFW) Q1 2025 Earnings Call April 25, 2025 12:00 PM ET Company Participants Tony Rossi - Managing DirectorScott Wylie - Chairman, CEO & PresidentJulie Courkamp - COODavid Weber - CFO & TreasurerWill Jones - Associate Vice PresidentWilliam Dezellem - Founder, President & Chief Investment OfficerRoss Haberman - Money Manager Conference Call Participants Matthew Clark - Managing Director & Senior Research Analyst Operator Good day, and thank you for standing by. Welcome to the First We ...

First Western Financial (MYFW) Q1 2025 Earnings Call April 25, 2025 12:00 PM ET Company Participants Tony Rossi - Managing DirectorScott Wylie - Chairman, CEO & PresidentJulie Courkamp - COODavid Weber - CFO & TreasurerWill Jones - Associate Vice PresidentWilliam Dezellem - Founder, President & Chief Investment OfficerRoss Haberman - Money Manager Conference Call Participants Matthew Clark - Managing Director & Senior Research Analyst Operator Good day, and thank you for standing by. Welcome to the First We ...

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]

Financial Performance - Net income available to common shareholders was $4.2 million, or $0.43 per diluted share, for Q1 2025, compared to $2.7 million, or $0.28 per diluted share, in Q4 2024[3]. - Non-interest income rose to $7.3 million in Q1 2025, a 12.3% increase from $6.5 million in Q4 2024, primarily due to gains on other real estate owned and mortgage loans[12]. - Total interest and dividend income for the three months ended March 31, 2025, was $37,209,000, compared to $38,109,000 for the previous quarter and $38,398,000 for the same quarter last year[34]. - Net interest income for the three months ended March 31, 2025, was $17,453,000, an increase from $16,908,000 in the previous quarter and $16,070,000 in the same quarter last year[34]. - Basic and diluted earnings per common share for the three months ended March 31, 2025, were both $0.43, up from $0.28 in the previous quarter and $0.26 in the same quarter last year[34]. - The company reported net income available to common shareholders of $4,185 thousand for the three months ended March 31, 2025, compared to $2,748 thousand in the previous quarter[44]. Asset Quality - Non-performing assets decreased to $17.1 million, or 0.59% of total assets, as of March 31, 2025, down from $49.0 million, or 1.68% of total assets, at the end of Q4 2024[23]. - Non-performing loans decreased to $12,758 thousand, down from $13,052 thousand as of December 31, 2024, indicating an improvement in asset quality[42]. - The allowance for credit losses to total loans ratio was 0.74% as of March 31, 2025, slightly down from 0.76% as of December 31, 2024[42]. Capital and Efficiency - The Tier 1 capital to risk-weighted assets ratio was 10.35% as of March 31, 2025, indicating strong capital levels[26]. - The efficiency ratio improved to 79.2% in Q1 2025, compared to 80.7% in Q4 2024 and 83.7% in Q1 2024[15]. - The efficiency ratio improved to 79.16% for the three months ended March 31, 2025, compared to 80.74% in the previous quarter[44]. - Return on tangible common equity (annualized) increased to 7.44% for the three months ended March 31, 2025, up from 4.98% in the previous quarter[44]. Deposits and Loans - Total deposits were $2.52 billion as of March 31, 2025, reflecting a 0.4% increase from $2.51 billion as of December 31, 2024[19]. - Total loans held for investment remained flat at $2.43 billion as of March 31, 2025, compared to December 31, 2024[17]. - Total loans held for investment increased to $2,480,196 thousand as of March 31, 2025, up from $2,428,994 thousand as of December 31, 2024, reflecting a growth of 2.1%[38]. - Total deposits reached $2,531,970 thousand as of March 31, 2025, compared to $2,514,209 thousand as of December 31, 2024, representing a slight increase of 0.7%[40]. Book Value - Book value per common share increased 1.3% from $26.10 as of December 31, 2024, to $26.44 as of March 31, 2025[26]. - Tangible book value per common share increased 1.6% from $22.83 as of December 31, 2024, to $23.18 as of March 31, 2025, and increased 4.4% from $22.21 as of March 31, 2024[27]. Other Information - The company expects to continue positive trends and redeploy cash from the sale of OREO properties into interest-earning assets[5]. - The company will host a conference call and webcast on April 25, 2025, at 10:00 a.m. MT/12:00 p.m. ET to discuss the first quarter 2025 results[27]. - The company operates in Colorado, Arizona, Wyoming, California, and Montana, providing a fully integrated suite of wealth management services[29]. - Total assets as of March 31, 2025, were $2,906,300,000, a decrease from $2,919,037,000 as of December 31, 2024, and $2,932,217,000 as of March 31, 2024[36]. - Total non-interest expense for the three months ended March 31, 2025, was $19,361,000, a decrease from $20,427,000 in the previous quarter and an increase from $19,696,000 in the same quarter last year[34]. - Assets under management decreased to $7,176,624 thousand as of March 31, 2025, down from $7,321,147 thousand as of December 31, 2024[42].

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 ...