First Western Financial Reports Strong Q1 2025 Results

First Western Financial ( (MYFW) ) has released its Q1 earnings. Here is a breakdown of the information First Western Financial presented to its investors.

First Western Financial, Inc. is a financial services holding company based in Denver, Colorado, offering a comprehensive suite of wealth management services across several states, including Colorado, Arizona, Wyoming, California, and Montana. The company operates on a private trust bank platform, providing a range of deposit, loan, trust, wealth planning, and investment management products and services.

In its first-quarter 2025 financial results, First Western Financial reported a significant increase in net income available to common shareholders, reaching $4.2 million compared to $2.7 million in the previous quarter. The company’s diluted earnings per share also rose to $0.43 from $0.28. The financial results were bolstered by an increase in net interest income and a higher net interest margin, alongside a substantial reduction in non-performing assets.

Key financial highlights include a 3.6% increase in net interest income to $17.5 million and an improvement in the net interest margin to 2.61%. Non-interest income saw a 12.3% rise, driven by gains from the sale of other real estate owned properties. The company also reported a decrease in non-interest expenses, primarily due to a reduction in professional services costs. Additionally, non-performing assets were significantly reduced, reflecting improved asset quality.

Looking ahead, First Western Financial’s management anticipates continued positive trends, with plans to reinvest proceeds from recent property sales into interest-earning assets. This strategic move is expected to sustain solid financial performance throughout the year, benefiting shareholders as the company navigates the evolving financial landscape.