First Western Financial Inc (MYFW)
NASDAQ:MYFW
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First Western Financial
(NASDAQ:MYFW)
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Rating:65Neutral
Price Target:
$31.00
▲(15.11% Upside)
Action:Reiterated
Date:06/06/26
The score is driven by improving profitability and balance-sheet positioning plus supportive technical uptrend and a constructive earnings outlook; it is held back primarily by weak/volatile cash-flow conversion and only middling valuation support (P/E ~18.3, no dividend yield provided).
Positive Factors
Diversified wealth + private bank franchise
First Western’s integrated private banking, trust and wealth platform serves high-net-worth clients, creating recurring fee income and sticky deposit relationships. This cross-sellable, relationship-driven model supports durable noninterest revenue and funding stability across cycles, reducing volatility in core earnings.
Negative Factors
Weak and volatile cash-flow conversion
Earnings-to-cash conversion has been inconsistent, with materially lower free cash flow versus past years. Weak, volatile cash flow limits internal capital for growth, buybacks or cushions against credit stress, and elevates reliance on deposit funding and external capital in adverse scenarios.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified wealth + private bank franchise
First Western’s integrated private banking, trust and wealth platform serves high-net-worth clients, creating recurring fee income and sticky deposit relationships. This cross-sellable, relationship-driven model supports durable noninterest revenue and funding stability across cycles, reducing volatility in core earnings.
Read all positive factors
First Western Financial (MYFW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$297.22M
Dividend YieldN/A
Average Volume (3M)27.30K
Price to Earnings (P/E)19.4
Beta (1Y)0.92
Revenue Growth5.87%
EPS Growth49.29%
CountryUS
Employees321
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.57
Shares Outstanding9,728,968
10 Day Avg. Volume27,560
30 Day Avg. Volume27,305
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)0.97
Price to Sales (P/S)1.39
P/FCF Ratio-44.87
Enterprise Value/Market Cap0.42
Enterprise Value/Revenue0.66
Enterprise Value/Gross Profit1.23
Enterprise Value/Ebitda5.48
Forecast
1Y Price Target
$27.00Price Target Upside0.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.03
Revenue Forecast (FY)$113.15M
First Western Financial Business Overview & Revenue Model
Company Description
First Western Financial, Inc. functions as a financial holding company, delivering a wide array of services including wealth management, private banking, personal trusts, investment management, mortgage lending, and institutional asset management....
How the Company Makes Money
First Western Financial primarily makes money through a combination of banking net interest income and fee-based wealth management and fiduciary income. (1) Net interest income: Through First Western Trust Bank, the company gathers funding via dep...
First Western Financial Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call conveyed broadly positive momentum: meaningful quarter-over-quarter and year-over-year improvements in profitability, NIM expansion, loan and deposit growth, stronger mortgage and fee income, improved efficiency and asset quality, and targeted investments in wealth/deposit capabilities. The negatives were largely manageable or one-time (OREO write-down), plus expected seasonal deposit outflows, competitive deposit pricing, some portfolio rebalancing (owner-occupied CRE), and caution on the pace of future NIM expansion tied to macro uncertainty. On balance the positives materially outweigh the negatives.Positive Updates
Strong Profitability and EPS Growth
Net income of $6.2 million and diluted EPS $0.63 in Q1 2026; EPS up ~85% quarter-over-quarter and third consecutive quarter of EPS improvement.
Negative Updates
Q4 2025 OREO Write-Down Impact
A nonrecurring OREO write-down of ~$1.3 million in Q4 2025 inflated prior-quarter noninterest expense and impacted comparative expense metrics.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Profitability and EPS Growth
Net income of $6.2 million and diluted EPS $0.63 in Q1 2026; EPS up ~85% quarter-over-quarter and third consecutive quarter of EPS improvement.
Read all positive updates
Company Guidance
Management reiterated unchanged 2026 guidance, expecting balance-sheet growth with loan and deposit growth roughly in line with 2025 (loans +~11% YoY; deposits +11–13% YoY), supported by a strong pipeline and Q1 production of $116M (avg new loan rate 6.31%) and a QoQ deposit increase of $95M; they expect continued NIM improvement from the Q1 NIM of 2.81% (up 10 bps QoQ) though likely not at the same pace as the 26 bps expansion in 2025, with a long‑run NIM target of 3.15–3.20%. Management also forecast rising fee income, more operating leverage from disciplined expense control (efficiency ratio improved into the low‑70s from ~79% a year ago), continued improvement in asset quality (no charge‑offs in Q1; allowance coverage 77 bps of loans), and longer‑term targets including restoring ROA to >1% (targeting ~2027) and driving ROE into the low teens, while noting Q1 results of $6.2M net income, $0.63 EPS and tangible book value per share +3.3% QoQ.First Western Financial Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
73
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 189.74M | 186.35M | 177.77M | 165.38M | 127.51M | 101.04M |
| Gross Profit | 101.55M | 97.83M | 87.51M | 80.57M | 106.56M | 94.39M |
| EBITDA | 22.77M | 20.05M | 14.14M | 9.44M | 30.84M | 28.54M |
| Net Income | 15.21M | 13.19M | 8.47M | 5.22M | 21.70M | 20.61M |
Balance Sheet | ||||||
| Total Assets | 3.24B | 3.15B | 2.92B | 2.98B | 2.87B | 2.53B |
| Cash, Cash Equivalents and Short-Term Investments | 305.99M | 245.89M | 236.04M | 254.44M | 196.51M | 441.70M |
| Total Debt | 94.82M | 107.61M | 109.60M | 178.05M | 199.02M | 77.66M |
| Total Liabilities | 2.97B | 2.89B | 2.67B | 2.73B | 2.63B | 2.31B |
| Stockholders Equity | 273.37M | 265.56M | 252.32M | 242.74M | 240.86M | 219.04M |
Cash Flow | ||||||
| Free Cash Flow | 1.90M | -5.77M | -1.76M | 19.53M | 45.31M | 160.41M |
| Operating Cash Flow | 5.45M | -1.80M | -544.00K | 21.88M | 48.28M | 162.51M |
| Investing Cash Flow | -330.47M | -264.44M | 66.44M | -66.39M | -558.80M | -43.02M |
| Financing Cash Flow | 315.59M | 228.58M | -84.30M | 102.44M | 320.05M | 111.50M |
First Western Financial Technical Analysis
Positive
26.93
Price Trends
28.36
Positive
26.70
Positive
25.39
Positive
Market Momentum
0.56
Negative
64.68
Neutral
60.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MYFW, the sentiment is Positive. The current price of 26.93 is below the 20-day moving average (MA) of 29.27, below the 50-day MA of 28.36, and above the 200-day MA of 25.39, indicating a bullish trend. The MACD of 0.56 indicates Negative momentum. The RSI at 64.68 is Neutral, neither overbought nor oversold. The STOCH value of 60.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MYFW.
First Western Financial Risk Analysis
First Western Financial disclosed 1 risk factors in its most recent earnings report. First Western Financial reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
First Western Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $269.93M | 10.74 | 14.66% | 2.39% | 2.72% | 27.37% | |
74 Outperform | $261.21M | 13.38 | 7.26% | 3.50% | 0.47% | 71.88% | |
71 Outperform | $255.01M | 9.02 | 11.06% | 2.55% | 9.67% | 30.37% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $297.22M | 19.39 | 5.74% | ― | 5.87% | 49.29% |
* Financial Sector Average
MYFW
First Western Financial
30.55
8.50
38.55%
CFFI
C&F Financial
78.36
21.01
36.64%
HWBK
Hawthorn Bancshares
39.14
11.47
41.44%
BPRN
Bank of Princeton
38.35
9.03
30.80%
First Western Financial Corporate Events
Executive/Board ChangesShareholder Meetings
First Western Shareholders Back Board, Auditor and Pay Policies
Positive
Jun 5, 2026
At its annual meeting held on June 3, 2026, First Western Financial, Inc. shareholders elected eleven directors to serve on the board until the 2027 annual meeting or until their successors are duly elected and qualified. The director election res...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
First Western Highlights Strong Growth and Franchise Fundamentals
Positive
Jun 2, 2026
At its 2026 annual meeting of shareholders on June 3, First Western Financial presented an update highlighting that, despite a challenging 2025 economic environment, it maintained its loan‑to‑deposit ratio, generated solid loan and dep...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
First Western Financial Announces New Share Repurchase Program
Positive
May 4, 2026
On April 22, 2026, First Western Financial’s board authorized a new share repurchase plan of up to $5 million of its common stock, with the Federal Reserve indicating on April 29, 2026, that it had no objection to the program. The plan, whic...
Business Operations and StrategyFinancial Disclosures
First Western Highlights Growth in May 2026 Investor Presentation
Positive
May 1, 2026
First Western Financial has released a May 2026 investor presentation outlining its position as a niche regional wealth management and private trust bank franchise focused on high-net-worth households in affluent, fast-growing Western markets, par...
Business Operations and StrategyFinancial Disclosures
First Western Financial Posts Stronger First-Quarter 2026 Results
Positive
Apr 23, 2026
First Western Financial reported significantly stronger first-quarter 2026 results on April 23, 2026, with net income available to common shareholders rising to $6.2 million, or $0.63 per diluted share, up from $3.3 million, or $0.34 per diluted s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.