First Western Financial Inc (MYFW)
NASDAQ:MYFW
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First Western Financial
(NASDAQ:MYFW)
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Rating:53Neutral
Price Target:
$26.00
▼(-1.10% Downside)
Action:ReiteratedDate:02/28/26
The score is driven primarily by mixed financial performance—improving earnings and better leverage are outweighed by weak cash-flow consistency and still-modest returns. Technical indicators are mildly bearish/neutral, while valuation appears reasonable but not compelling. The latest earnings call adds support via upbeat guidance on NIM expansion and growth, partially offset by noted fee/AUM softness and one-time items.
Positive Factors
Balance Sheet Strength
Leverage has improved materially with equity growth, giving the bank a stronger capital buffer to absorb shocks and support lending. Lower debt-to-equity increases resilience, enables disciplined organic growth and potential opportunistic M&A without immediate need for dilutive capital.
Negative Factors
Weak Cash Flow Conversion
Back-to-back negative operating and free cash flow reverses prior strong cash generation, raising durable concerns about earnings quality and conversion. Weaker cash flow can constrain reinvestment, limit buffers for credit stress, and increase reliance on deposits or wholesale funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Leverage has improved materially with equity growth, giving the bank a stronger capital buffer to absorb shocks and support lending. Lower debt-to-equity increases resilience, enables disciplined organic growth and potential opportunistic M&A without immediate need for dilutive capital.
Read all positive factors
First Western Financial (MYFW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$255.94M
Dividend YieldN/A
Average Volume (3M)27.30K
Price to Earnings (P/E)19.6
Beta (1Y)0.90
Revenue Growth1.53%
EPS Growth109.74%
CountryUS
Employees321
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.34
Shares Outstanding9,735,091
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 Cap1.38
Enterprise Value/Revenue1.90
Enterprise Value/Gross Profit3.62
Enterprise Value/Ebitda17.64
Forecast
1Y Price Target
$26.50Price Target Upside0.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.03
Revenue Forecast (FY)$114.47M
First Western Financial Business Overview & Revenue Model
Company Description
First Western Financial, Inc., a financial holding company, provides wealth management, private banking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segment...
How the Company Makes Money
First Western Financial generates revenue through multiple key streams. Primarily, the company earns interest income from its loan portfolio, which includes commercial real estate loans, construction loans, and personal loans. Additionally, it col...
First Western Financial Earnings Call Summary
Earnings Call Date:Jan 22, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Positive
The call presented a predominantly constructive picture: margin expansion, strong net interest income growth, quarter-over-quarter loan and deposit growth, stable asset quality, and strategic investments in talent and wealth/mortgage capabilities. Most negatives were one-time, seasonal, or operational timing items (OREO write-down, AUM withdrawals, seasonal mortgage and noninterest income declines). Management reiterated a positive 2026 outlook (expecting similar loan/deposit growth, further NIM improvement, and a path toward a 1% ROA), supporting a forward-looking constructive view.Positive Updates
Net Interest Margin Expansion and Net Interest Income Growth
NIM expanded 17 basis points quarter-over-quarter to 2.71% (≈+26 bps year-over-year). Net interest income increased 5.6% from the prior quarter and 21.7% versus Q4 2024, driving the primary revenue improvement.
Negative Updates
One-Time OREO Write-Down Impacting Earnings
A one-time $1.4 million write-down on an OREO property increased noninterest expense (QoQ noninterest expense up $1.2M) and reduced EPS by approximately $0.10 after tax in Q4.
Read all updates
Q4-2025 Updates
Positive
Negative
Net Interest Margin Expansion and Net Interest Income Growth
NIM expanded 17 basis points quarter-over-quarter to 2.71% (≈+26 bps year-over-year). Net interest income increased 5.6% from the prior quarter and 21.7% versus Q4 2024, driving the primary revenue improvement.
Read all positive updates
Company Guidance
Management guided to continued balance-sheet growth in 2026 with loan and deposit growth expected to be similar to 2025, further net interest margin expansion (Q4 NIM 2.71%, up 17 bps QoQ and 26 bps YoY; December NIM 2.72%; long‑run target ~3.10–3.15%), improving fee income and operating leverage, and disciplined expense control while selectively investing in the business. Supporting Q4 metrics cited: net income $3.3M ($0.34 diluted), loans held for investment +$59M QoQ with new loan production $146M (avg new production rate 6.36%), total deposits +$102M QoQ (average deposits +10% YoY, spot deposit cost 2.86%, deposit beta ~54%), net interest income +5.6% QoQ (+21.7% YoY), gross revenue +1.5% QoQ (+12.2% YoY), noninterest income down ~$0.8M QoQ, noninterest expense up $1.2M QoQ (incl. $1.4M OREO write‑down that reduced EPS by $0.10), AUM -$155M (but variable‑fee AUM +$15M, ~+1%), allowance coverage ~81 bps of loans, ~$250M of fixed‑rate loans maturing next 12 months (avg yields in low‑5s), a normalized operating run‑rate of about $0.50/quarter (~$2 annualized), eight new MLOs in 2025 (+45% YoY), and a near‑term objective to reach a 1.0% ROA.First Western Financial Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
66
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 186.35M | 177.77M | 165.38M | 127.51M | 101.04M |
| Gross Profit | 97.83M | 87.51M | 80.57M | 106.56M | 94.39M |
| EBITDA | 20.05M | 14.14M | 9.44M | 30.84M | 28.54M |
| Net Income | 13.19M | 8.47M | 5.22M | 21.70M | 20.61M |
Balance Sheet | |||||
| Total Assets | 3.15B | 2.92B | 2.98B | 2.87B | 2.53B |
| Cash, Cash Equivalents and Short-Term Investments | 55.36M | 236.04M | 254.44M | 196.51M | 441.70M |
| Total Debt | 107.61M | 109.60M | 178.05M | 199.02M | 77.66M |
| Total Liabilities | 2.89B | 2.67B | 2.73B | 2.63B | 2.31B |
| Stockholders Equity | 265.56M | 252.32M | 242.74M | 240.86M | 219.04M |
Cash Flow | |||||
| Free Cash Flow | -5.77M | -1.76M | 19.53M | 45.31M | 160.41M |
| Operating Cash Flow | -1.80M | -544.00K | 21.88M | 48.28M | 162.51M |
| Investing Cash Flow | -264.44M | 66.44M | -66.39M | -558.80M | -43.02M |
| Financing Cash Flow | 228.58M | -84.30M | 102.44M | 320.05M | 111.50M |
First Western Financial Technical Analysis
Positive
26.29
Price Trends
25.05
Positive
25.14
Positive
23.97
Positive
Market Momentum
0.17
Negative
68.08
Neutral
94.39
Negative
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 26.29 is above the 20-day moving average (MA) of 24.64, above the 50-day MA of 25.05, and above the 200-day MA of 23.97, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 68.08 is Neutral, neither overbought nor oversold. The STOCH value of 94.39 is Negative, 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 62 risk factors in its most recent earnings report. First Western Financial reported the most risks in the "Finance & Corporate" 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $242.33M | 8.76 | 10.84% | 2.55% | 8.53% | 42.73% | |
68 Neutral | $238.46M | 10.24 | 14.66% | 2.39% | 0.16% | 258.06% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $243.10M | 12.73 | 6.98% | 3.50% | 12.92% | 56.52% | |
53 Neutral | $255.94M | 19.63 | 5.06% | ― | 1.53% | 109.74% |
* Financial Sector Average
MYFW
First Western Financial
26.29
7.91
43.04%
CFFI
C&F Financial
74.43
14.17
23.52%
HWBK
Hawthorn Bancshares
34.55
7.75
28.91%
BPRN
Bank of Princeton
35.81
8.89
33.03%
First Western Financial Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
First Western Financial Highlights Growth in Updated Investor Presentation
Positive
Feb 24, 2026
First Western Financial furnished updated investor presentation materials in February 2026 outlining its franchise profile and recent performance, highlighting a balance sheet that as of December 31, 2025 included $3.15 billion in assets, $2.65 bi...
Business Operations and StrategyFinancial Disclosures
First Western Financial Reports Stronger Q4 2025 Earnings
Positive
Jan 22, 2026
On January 22, 2026, First Western Financial reported improved fourth-quarter 2025 results, with net income available to common shareholders rising to $3.3 million, or $0.34 per diluted share, up from $3.2 million, or $0.32 per diluted share, in t...
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.