First Western(MYFW) - 2024 Q3 - Quarterly Results

Exhibit 99.1 First Western Reports Third Quarter 2024 Financial Results Third Quarter 2024 Summary • Net income available to common shareholders of $2.1 million in Q3 2024, compared to $1.1 million in Q2 2024 • Diluted earnings per share of $0.22 in Q3 2024, compared to $0.11 in Q2 2024 • Total deposits increased 3.7% from $2.41 billion in Q2 2024 to $2.50 billion in Q3 2024. Noninterestbearing deposits increased 19% from $397 million in Q2 2024 to $474 million in Q3 2024 • Loan-to-Deposit ratio decreased f ...