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First Western Financial ( (MYFW) ) has provided an announcement.
First Western Financial reported a significant improvement in its financial performance for the fourth quarter of 2024, with net income rising to $2.7 million from $2.1 million in the previous quarter. The company experienced growth in net interest income, loans, and deposits, along with an increase in net interest margin to 2.45%. Additionally, the company saw the highest level of insurance fees recorded in a quarter and maintained strong expense control. With plans to redeploy cash from selling OREO properties into interest-earning assets, First Western Financial is well-positioned for continued profitable growth and value creation for shareholders in 2025 and beyond.
More about First Western Financial
First Western Financial, Inc. is a financial services company primarily engaged in providing banking, trust, and investment management services. The company focuses on serving individuals and businesses, emphasizing personalized financial solutions tailored to its clients’ needs.
YTD Price Performance: -3.79%
Average Trading Volume: 28,589
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $176.7M
See more insights into MYFW stock on TipRanks’ Stock Analysis page.