First Western Financial (MYFW) AI Stock Analysis

• Market Cap: $252.68M
• Dividend Yield: N/A
• Average Volume (3M): 27.30K
• Price to Earnings (P/E): 19.4
• Beta (1Y): 0.93
• Revenue Growth: 1.53%
• EPS Growth: 109.74%
• Country: US
• Employees: 321
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.34
• Shares Outstanding: 9,714,711
• 10 Day Avg. Volume: 27,560
• 30 Day Avg. Volume: 27,305
• PEG Ratio: 0.37
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 1.06
• P/FCF Ratio: -107.37
• Enterprise Value/Market Cap: 1.39
• Enterprise Value/Revenue: 1.95
• Enterprise Value/Gross Profit: 3.77
• Enterprise Value/Ebitda: 18.25
• 1Y Price Target: $26.50
• Price Target Upside: 1.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: $26.00 ▼(-0.12% Downside)

The score is driven primarily by improving fundamentals and a cleaner leverage profile, supported by constructive earnings-call guidance on NIM expansion and growth. Offsetting these positives are weak technical momentum (below key moving averages with low RSI) and uneven cash-flow consistency, which keeps the overall score in the upper-middle range rather than high.

Positive Factors

Net interest margin expansion

Sustained NIM expansion increases core net interest income, the bank's primary revenue driver, improving baseline earnings power and supporting reinvestment. If management sustains deposit cost control and loan repricing, margin gains provide durable revenue growth and reduce reliance on volatile fee income.

Stronger balance sheet / lower leverage

Transition to no reported debt and materially improved leverage enhances capital resilience against credit stress, supports organic loan growth and selective M&A, and lowers funding risk. A safer balance sheet improves operational flexibility and reduces downside risk over the next several quarters.

Repeatable loan and deposit growth

Quarterly deposit inflows and solid average-deposit growth underpin a stable, low-cost funding base that supports sustainable lending. Coupled with consistent new loan production, this funding mix reduces wholesale reliance, helps sustain NIM expansion, and supports durable balance-sheet-driven earnings growth.

Negative Factors

Inconsistent cash generation

Volatile operating and free cash flow weakens the link between reported earnings and actual cash available for investment or distributions. This inconsistency reduces confidence in self-funding capacity, heightens reliance on capital markets if stress occurs, and complicates sustainable capital allocation decisions.

AUM withdrawals pressuring fee income

A meaningful quarterly AUM decline reduces recurring management fees and delays the benefits of wealth-restructuring initiatives. Persistent outflows, especially from low-fee products, can depress fee-income growth, elongate the timeline to diversify revenue away from interest income, and heighten earnings cyclicality.

Moderate returns despite safer balance sheet

Despite improved leverage and no reported debt, ROE and overall profitability remain modest and below prior peaks. Management's near-term ROA target (~1%) implies limited capital efficiency, which may constrain long-term shareholder returns and make it harder to justify slower balance-sheet normalization versus pursuit of higher yields.

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 segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, insurance, and trust and investment management advisory products and services. The Mortgage segment engages in soliciting, originating, and selling mortgage loans into the secondary market. It serves entrepreneurs, professionals, high-net worth individuals or families, and philanthropic and business organizations. The company operates 18 profit centers, including 14 boutique private trust bank offices with 2 locations in Arizona, 9 locations in Colorado, and 3 location in Wyoming; 2 loan production offices with 1 location in Ft. Collins, Colorado, and 1 location in Greenwood Village, Colorado; and 2 trust offices with 1 location in Laramie, Wyoming, and 1 location in Century City, California. First Western Financial, Inc. was incorporated in 2002 and is headquartered in Denver, Colorado.

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 collects fees from various banking services, such as account maintenance and transaction services. The wealth management division contributes significantly to the company's earnings through management fees charged on investment accounts and advisory services. The firm may also derive income from trust and estate planning services, which include fees for managing trusts and estates. Significant partnerships with investment firms and other financial institutions enhance its product offerings and client acquisition, further supporting its revenue growth.

First Western Financial Financial Statement Overview

Summary

Recent profitability is improving (TTM step-up vs. 2024) and leverage has strengthened materially (TTM shows no debt), but cash flow quality is a clear weak spot due to inconsistent operating/free cash flow and large historical swings.

Income Statement

TTM (Trailing-Twelve-Months) shows a clear profitability step-up versus 2024 (higher operating profit and net income) with modest revenue growth. Margins in the most recent periods look more stable than the unusually strong 2021–2022 levels, but the longer-term pattern is uneven (notably the sharp swing in 2022 margin figures versus subsequent years). Overall: improving recent earnings power, but profitability has been volatile across the cycle.

Balance Sheet

Leverage improved materially from 2020–2023 into 2024, and TTM (Trailing-Twelve-Months) reports no debt with equity continuing to build—both positives for resilience. That said, returns on equity remain moderate in the latest periods (well below the peak levels seen earlier), suggesting the balance sheet is safer but not currently generating standout shareholder returns. Asset growth is steady, but prior years show leverage fluctuation that adds some risk to the historical profile.

Cash Flow

Cash generation is the weakest area. Operating and free cash flow have been inconsistent, including negative cash flow in 2024 and a very large decline in free cash flow in TTM (Trailing-Twelve-Months). While TTM free cash flow is positive and roughly tracks net income, the year-to-year volatility (including large swings earlier in the period) reduces confidence in earnings-to-cash consistency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	179.97M	177.77M	165.38M	127.51M	101.04M	103.06M
Gross Profit	92.95M	87.51M	80.57M	106.56M	94.39M	91.15M
EBITDA	19.22M	14.14M	9.44M	30.84M	28.54M	34.18M
Net Income	12.62M	8.47M	5.22M	21.70M	20.61M	24.53M
Balance Sheet
Total Assets	3.24B	2.92B	2.98B	2.87B	2.53B	1.97B
Cash, Cash Equivalents and Short-Term Investments	355.64M	236.04M	254.44M	196.51M	441.70M	192.66M
Total Debt	95.59M	109.60M	178.05M	199.02M	77.66M	173.85M
Total Liabilities	2.98B	2.67B	2.73B	2.63B	2.31B	1.82B
Stockholders Equity	261.50M	252.32M	242.74M	240.86M	219.04M	154.96M
Cash Flow
Free Cash Flow	1.48M	-1.76M	19.53M	45.31M	160.41M	-94.52M
Operating Cash Flow	4.54M	-544.00K	21.88M	48.28M	162.51M	-93.32M
Investing Cash Flow	-251.86M	66.44M	-66.39M	-558.80M	-43.02M	-456.02M
Financing Cash Flow	324.83M	-84.30M	102.44M	320.05M	111.50M	626.69M

First Western Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 26.03 is above the 20-day moving average (MA) of 26.03, above the 50-day MA of 25.59, and above the 200-day MA of 23.17, indicating a bullish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 52.67 is Neutral, neither overbought nor oversold. The STOCH value of 72.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MYFW.

First Western Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CFFI	72 Outperform	$262.26M	9.77	10.89%	2.55%	8.53%	42.73%
BPRN	72 Outperform	$249.55M	13.62	6.73%	3.50%	12.92%	56.52%
HWBK	69 Neutral	$249.63M	10.55	14.27%	2.39%	0.16%	258.06%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FSFG	66 Neutral	$238.37M	10.24	12.50%	1.95%	7.65%	69.41%
MYFW	58 Neutral	$252.68M	19.35	4.95%	―	1.53%	109.74%

First Western Financial Corporate Events

First Western Financial Reports Stronger Q4 2025 Earnings

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 the third quarter of 2025 and $2.7 million, or $0.28 per share, a year earlier. The bank’s performance was driven by a 17-basis-point sequential increase in net interest margin to 2.71%, a 5.6% rise in net interest income to $20.6 million, and 2.3% linked-quarter growth in loans held for investment to $2.65 billion, partially offset by lower non-interest income and higher non-interest expenses, including an OREO write-down. Management highlighted healthy economic conditions in its markets, stable asset quality, and stronger loan demand supporting disciplined growth, which contributed to higher book and tangible book value per share and signaled continued balance sheet strength and improving profitability for shareholders going into 2026.

The most recent analyst rating on (MYFW) stock is a Hold with a $29.00 price target. To see the full list of analyst forecasts on First Western Financial stock, see the MYFW Stock Forecast page.

First Western Financial Highlights Strong November Performance

In November 2025, First Western Financial, Inc. presented investor materials highlighting its robust financial performance and strategic growth initiatives. The company has experienced significant revenue growth and improved profitability since its IPO, with total assets increasing by 210%. The management team has a proven track record of combining organic growth with strategic acquisitions, enhancing the company’s franchise value. The institution operates in high growth markets with a stable deposit base, and its conservative underwriting has resulted in minimal credit losses. The company’s strong operational and financial momentum is expected to continue driving efficiencies and shareholder value.

The most recent analyst rating on (MYFW) stock is a Hold with a $25.00 price target. To see the full list of analyst forecasts on First Western Financial stock, see the MYFW Stock Forecast page.