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First Western Financial Inc (MYFW)
NASDAQ:MYFW
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.36Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 13.79%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a predominantly positive outlook, with significant improvements in profitability, net interest margin, and asset quality. Despite some challenges such as flat loan production and a decrease in assets under management, the company remains optimistic about continued growth and profitability through strategic initiatives and market expansion.Company Guidance
During the First Western Financial's first quarter 2025 earnings call, the management team highlighted several key metrics showcasing the company's improved financial performance. Net income for the quarter was $4.2 million, or $0.43 per diluted share, reflecting a significant increase from the previous quarter. The company's net interest margin expanded by 16 basis points to 2.61%, driven by lower deposit costs and a higher average yield on interest-earning assets. New loan production reached $71 million, although it was slightly offset by $72 million in loan payoffs. Non-interest income increased by approximately $900,000, supported by gains on the sale of mortgage loans and OREO properties. Despite a decrease of $144 million in assets under management due to net withdrawals, tangible book value per share rose by 1.6%. These positive trends in profitability, asset quality, and expense management are expected to continue, with a focus on driving further growth and shareholder value.Increased Profitability and Net Income
First Western Financial generated net income of $4.2 million or $0.43 per diluted share, with substantial increases from the prior quarter, continuing a recent positive trend.
Improvement in Net Interest Margin
Expansion in the net interest margin, which increased 16 basis points from the prior quarter to 2.61%, due to a reduction in deposit costs and an increase in average yield on interest-earning assets.
Successful Deposit Gathering
There was an increase in non-interest-bearing deposits, supported by adding new clients and inflows from existing clients, contributing to an improvement in deposit mix.
Asset Quality Improvement
The company saw generally positive trends in asset quality, with a decline in non-performing assets to total assets and successful resolution of two large OREO properties sold for a net gain.
Expansion in Trust Investment Management
Efforts to grow the trust investment management business are underway, with strategic hires from Goldman Sachs and other financial institutions to drive future growth.
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MYFW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MYFW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | $18.85 | $20.34 | +7.90% |
| Jan 23, 2025 | $18.13 | $20.05 | +10.59% |
| Oct 24, 2024 | $20.53 | $19.12 | -6.87% |
| Jul 23, 2024 | $19.90 | $18.40 | -7.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does First Western Financial Inc (MYFW) report earnings?
First Western Financial Inc (MYFW) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is First Western Financial Inc (MYFW) earnings time?
First Western Financial Inc (MYFW) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MYFW EPS forecast?
MYFW EPS forecast for the fiscal quarter 2025 (Q2) is 0.36.
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