First Western, which belongs to the Zacks Banks - Midwest industry, posted revenues of $22.75 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4.01%. This compares to year-ago revenues of $22.4 million. The company has topped consensus revenue estimates just once over the last four quarters. While First Western has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? It will be interesting to see how estimates ...

Exhibit 99.1 Second Quarter 2024 Summary First Western Reports Second Quarter 2024 Financial Results • Book value per common share increased 0.1% from $25.52 in Q1 2024 to $25.55 in Q2 2024. Tangible book value per common share increased 0.2% from $22.21 in Q1 2024 to $22.27 in Q2 2024 (1) • Net interest margin stabilized during the quarter, with a slight increase of 1 basis point from 2.34% in Q1 2024 to 2.35% in Q2 2024 • Net income available to common shareholders of $1.1 million in Q2 2024, compared to ...

Book value per common share increased 0.1% from $25.52 in Q1 2024 to $25.55 in Q2 2024. Tangible book value per common share(1) increased 0.2% from $22.21 in Q1 2024 to $22.27 in Q2 2024 Net interest margin stabilized during the quarter, with a slight increase of 1 basis point from 2.34% in Q1 2024 to 2.35% in Q2 2024 Net income available to common shareholders of $1.1 million in Q2 2024, compared to $2.5 million in Q1 2024 Diluted earnings per share of $0.11 in Q2 2024, compared to $0.26 in Q1 2024 Total c ...

Wall Street expects a year-over-year increase in earnings on higher revenues when First Western (MYFW) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On ...

Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. For First Western, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. Current-Year Estimate Revisions Bottom Line First Western (MYFW) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lat ...

Under the plan, First Western Financial is authorized to repurchase up to 2 million shares, representing almost 2% of its outstanding shares. The program will be in effect for one year. First Western Financial doesn't pay dividends. Over the years, First Western Financial has expanded organically and through strategic acquisitions. In 2021, the company acquired Teton Financial Services, Inc. The transaction expanded the company's presence in Wyoming. First Western Financial has a solid balance sheet positio ...

First Western is a financial services holding company headquartered in Denver, Colorado, with operations in Colorado, Arizona, Wyoming, California, and Montana. First Western and its subsidiaries provide a fully integrated suite of wealth management services on a private trust bank platform, which includes a comprehensive selection of deposit, loan, trust, wealth planning and investment management products and services. First Western's common stock is traded on the Nasdaq Global Select Market under the symb ...

DENVER, June 06, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western" or the "Company"), today announced the appointment of Ellen S. Robinson to the Company's Board of Directors, as well as the retirement of Eric D. Sipf from the Board of Directors. Scott C. Wylie, Chairman and CEO of First Western, said, "We are very pleased to welcome Ellen Robinson to our Board of Directors. Ellen has been a prominen ...

"We would also like to thank Eric Sipf for his many years of valuable service to our company. Eric was a founding director and a leader on our board for 20 years, including serving as the chair of the audit committee for 15 years. His guidance, expertise, and leadership have been extremely valuable as we have grown our franchise over the past 20 years and we wish him well in his retirement," said Mr. Wylie. Ms. Robinson holds a Bachelor of Science in Finance and Marketing from The Wharton School, University ...

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 quarterly period ended March 31, 2024 OR o 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 _____________ ...