Core Viewpoint - Bank First Corporation reported strong financial performance for the third quarter of 2025, with net income increasing to $18.0 million, or $1.83 per share, compared to $16.6 million, or $1.65 per share, in the same quarter of the previous year [1][7]. Financial Performance - For the nine months ended September 30, 2025, net income was $53.1 million, or $5.36 per share, up from $48.0 million, or $4.75 per share, for the same period in 2024 [1]. - Adjusted net income (non-GAAP) for the third quarter of 2025 was $18.8 million, or $1.91 per share, compared to $16.5 million, or $1.65 per share, in the prior-year third quarter [1]. - The annualized return on average assets was 1.64% for the third quarter of 2025 and 1.61% for the nine months ended September 30, 2025 [7]. Revenue and Expenses - Net interest income (NII) for the third quarter of 2025 was $38.3 million, an increase of $1.6 million from the previous quarter and $2.4 million from the third quarter of 2024 [3]. - Noninterest income was $6.0 million for the third quarter of 2025, compared to $4.9 million for both the prior quarter and the third quarter of 2024 [6]. - Noninterest expense totaled $21.1 million in the third quarter of 2025, up from $20.8 million in the prior quarter and $20.1 million in the third quarter of 2024 [9]. Loan and Deposit Growth - Total loans were $3.63 billion at September 30, 2025, up $112.5 million from December 31, 2024, and up $158.7 million from September 30, 2024, with an annualized growth rate of 5.5% during the third quarter of 2025 [10]. - Total deposits were $3.54 billion at September 30, 2025, down $122.3 million from seasonal highs at December 31, 2024, but up $54.0 million from September 30, 2024 [11]. Asset Quality - Nonperforming assets remained negligible at $13.9 million at September 30, 2025, with nonperforming assets to total assets at 0.31% [12]. Capital Position - Stockholders' equity totaled $628.1 million at September 30, 2025, a decrease of $11.6 million from the end of 2024 [13]. - The book value per common share was $63.87 at September 30, 2025, compared to $63.89 at December 31, 2024 [13]. Dividend Declaration - The Board of Directors approved a quarterly cash dividend of $0.45 per common share, payable on January 7, 2026 [14].

Core Viewpoint - First Western Financial, Inc. will release its financial results for the third quarter ended September 30, 2025, after market close on October 23, 2025 [1] Financial Results Announcement - The financial results will be discussed in a conference call scheduled for October 24, 2025, at 10:00 a.m. Mountain Time / 12:00 p.m. Eastern Time [2] - Analysts and investors are invited to participate in a question-and-answer session during the call [2] Conference Call Details - Participants must register for the conference call to receive the dial-in number and personalized PIN code [3] - The conference call will be accessible via a Telephone Access link and will also be webcast live on the investor relations website [4] Company Overview - First Western Financial, Inc. is a financial services holding company based in Denver, Colorado, with operations in multiple states including Colorado, Arizona, Wyoming, California, and Montana [5] - The company offers a comprehensive suite of wealth management services on a private trust bank platform, including deposit, loan, trust, wealth planning, and investment management products [5] - First Western's common stock is traded on the NASDAQ Global Select Market under the symbol "MYFW" [5]

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Financial Performance - Farmers & Merchants Bancorp reported record second quarter net income of $23.1 million, or $32.94 per diluted common share, representing a 5.9% increase from $21.8 million, or $29.39 per diluted common share, in the same quarter of 2024 [2][6] - Annualized return on average assets was 1.65% and return on average equity was 15.09% for the second quarter of 2025, compared to 1.58% and 15.33% for the same quarter in 2024 [2][6] - Net interest income for the quarter was $53.9 million, up 6.1% from $50.8 million in the second quarter of 2024, with a net interest margin of 4.07% [6][8] Dividend and Recognition - The Company declared a mid-year cash dividend of $9.30 per share, totaling $6.5 million, a 5.7% increase from the $8.80 per share dividend in 2024 [4] - Farmers & Merchants Bancorp has paid dividends for 90 consecutive years and increased dividends for 60 consecutive years, ranking 17th among "Dividend Kings" [4][14] - The Company was ranked the 3 best performing bank in the nation across all asset categories by Bank Director Magazine for 2024, following a 2 ranking in 2023 and 1 in 2022 [15] Balance Sheet and Capital - Total assets at quarter-end were $5.5 billion, with total deposits increasing by $61.2 million, or 1.3%, to $4.8 billion compared to December 31, 2024 [9][7] - The preliminary total risk-based capital ratio was 15.35% and the common equity tier 1 ratio was 13.87%, both exceeding regulatory requirements for "well-capitalized" banks [12] - The tangible book value per share increased by 9.7% to $835.33 compared to $761.62 as of June 30, 2024 [6][8] Credit Quality - The Company maintained solid credit quality with no non-accrual loans and a negligible delinquency ratio of 0.03% of total loans and leases [10] - The allowance for credit losses on loans and leases was $79.0 million, with a provision of $1.4 million recorded during the second quarter of 2025 [10][11]