First Western Financial Inc (MYFW)
NASDAQ:MYFW
Want to see MYFW full AI Analyst Report?
Top Page
First Western Financial
(NASDAQ:MYFW)
Select Model
Select Model
Rating:69Neutral
Price Target:
$31.00
▲(15.11% Upside)
Action:DowngradedDate:05/05/26
The score is held back primarily by weak and volatile cash flow despite improving profitability and a stronger balance sheet. Offsetting that, the technical trend is solid and valuation looks inexpensive (low P/E). The latest earnings call and recent buyback authorization add incremental support through constructive guidance, improving efficiency/asset quality, and shareholder-return focus.
Positive Factors
Sharp Revenue Growth
Sustained, large TTM revenue growth (~182%) indicates durable expansion of core banking and fee businesses. A broader revenue base supports operating leverage, funds reinvestment into wealth/trust capabilities, and offers more cushion to absorb credit or margin pressure over the medium term.
Negative Factors
Weak Cash Conversion
Cash-generation has been volatile with recent operating/free cash flow weak relative to reported earnings. Inconsistent cash conversion limits internal funding for growth, capital returns, and loss absorption, increasing reliance on capital markets or slower organic investment pacing.
Read all positive and negative factors
Positive Factors
Negative Factors
Sharp Revenue Growth
Sustained, large TTM revenue growth (~182%) indicates durable expansion of core banking and fee businesses. A broader revenue base supports operating leverage, funds reinvestment into wealth/trust capabilities, and offers more cushion to absorb credit or margin pressure over the medium term.
Read all positive factors
First Western Financial (MYFW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$275.52M
Dividend YieldN/A
Average Volume (3M)27.30K
Price to Earnings (P/E)9.6
Beta (1Y)0.94
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/Revenue0.61
Enterprise Value/Gross Profit1.14
Enterprise Value/Ebitda5.22
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., 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 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 | 22.13M | 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 | 1.15M | -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
25.23
Positive
25.39
Positive
24.12
Positive
Market Momentum
0.53
Negative
67.84
Neutral
84.76
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 26.93 is above the 20-day moving average (MA) of 25.50, above the 50-day MA of 25.23, and above the 200-day MA of 24.12, indicating a bullish trend. The MACD of 0.53 indicates Negative momentum. The RSI at 67.84 is Neutral, neither overbought nor oversold. The STOCH value of 84.76 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $243.91M | 9.20 | 7.26% | 3.50% | 0.47% | 71.88% | |
72 Outperform | $239.79M | 8.78 | 11.04% | 2.55% | 9.67% | 30.37% | |
70 Outperform | $233.98M | 8.59 | 14.66% | 2.39% | 3.84% | 32.74% | |
69 Neutral | $275.52M | 9.56 | 5.74% | ― | 5.87% | 49.29% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
MYFW
First Western Financial
28.32
6.78
31.48%
CFFI
C&F Financial
73.65
11.38
18.27%
HWBK
Hawthorn Bancshares
33.96
4.95
17.04%
BPRN
Bank of Princeton
35.93
5.79
19.20%
First Western Financial Corporate Events
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...
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...
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.