First Western Financial (MYFW) AI Stock Analysis

• Market Cap: $221.47M
• Dividend Yield: N/A
• Average Volume (3M): 45.60K
• Price to Earnings (P/E): 19.3
• Beta (1Y): 1.24
• Revenue Growth: 0.35%
• EPS Growth: 64.49%
• Country: US
• Employees: 321
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.26
• Shares Outstanding: 9,717,922
• 10 Day Avg. Volume: 27,132
• 30 Day Avg. Volume: 45,602
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.98
• Enterprise Value/Revenue: 2.50
• Enterprise Value/Gross Profit: 4.82
• Enterprise Value/Ebitda: 24.44
• 1Y Price Target: $24.25
• Price Target Upside: 6.41% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 64 Neutral
• Price Target: $23.00 ▲(0.92% Upside)

First Western Financial's overall stock score reflects a solid financial foundation with strengths in cash flow and operational efficiency. While technical indicators and valuation suggest moderate performance, recent earnings call and corporate events indicate strategic growth and resilience. The company should focus on addressing revenue growth challenges and managing leverage to enhance its long-term prospects.

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 several key streams. Primarily, the company earns interest income from loans it provides to customers, including commercial and residential mortgages, as well as lines of credit. Additionally, the bank earns non-interest income from fees associated with its wealth management services, such as asset management fees, advisory fees, and trust services fees. The company may also benefit from transaction-based revenues from its banking services. Strategic partnerships with investment firms and other financial institutions can enhance its service offerings and contribute to its overall revenue. Furthermore, effective asset management and investment strategies help in maximizing returns, thereby supporting the firm's earnings growth.

First Western Financial Financial Statement Overview

Summary

First Western Financial demonstrates a solid financial position with strengths in cash flow generation and operational efficiency. However, challenges in revenue growth and increased leverage highlight areas for improvement. The company should focus on enhancing revenue streams and managing debt levels to ensure long-term financial health.

Income Statement

First Western Financial's income statement shows a mixed performance. The TTM gross profit margin is healthy at 51.85%, indicating efficient cost management. However, the net profit margin has decreased to 6.60% from previous highs, reflecting challenges in maintaining profitability. Revenue growth has been negative recently, suggesting a potential decline in market demand or competitive pressures. EBIT and EBITDA margins have improved slightly, indicating better operational efficiency.

Balance Sheet

The balance sheet reveals moderate financial stability. The debt-to-equity ratio has increased to 0.80 in the TTM, suggesting higher leverage, which could pose risks if not managed carefully. Return on equity has improved to 4.55%, indicating better profitability from shareholders' equity. The equity ratio remains stable, reflecting a balanced approach to financing assets.

Cash Flow

Cash flow analysis shows a positive trend with a significant improvement in free cash flow growth at 28.39% in the TTM. The operating cash flow to net income ratio is low, indicating potential issues in converting income into cash. However, the free cash flow to net income ratio is strong at 81.31%, suggesting efficient cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	175.41M	177.77M	165.38M	127.51M	101.04M	103.06M
Gross Profit	90.95M	87.51M	80.57M	106.56M	94.39M	91.15M
EBITDA	17.93M	14.14M	9.44M	30.84M	28.54M	34.18M
Net Income	11.57M	8.47M	5.22M	21.70M	20.61M	24.53M
Balance Sheet
Total Assets	3.03B	2.92B	2.98B	2.87B	2.53B	1.97B
Cash, Cash Equivalents and Short-Term Investments	12.35M	236.04M	254.44M	196.51M	441.70M	192.66M
Total Debt	208.09M	130.56M	178.05M	199.02M	77.66M	173.85M
Total Liabilities	2.77B	2.67B	2.73B	2.63B	2.31B	1.82B
Stockholders Equity	258.85M	252.32M	242.74M	240.86M	219.04M	154.96M
Cash Flow
Free Cash Flow	9.93M	-1.76M	19.53M	45.31M	160.41M	-94.52M
Operating Cash Flow	12.21M	-544.00K	21.88M	48.28M	162.51M	-93.32M
Investing Cash Flow	-106.57M	66.44M	-66.39M	-558.80M	-43.02M	-456.02M
Financing Cash Flow	80.87M	-84.30M	102.44M	320.05M	111.50M	626.70M

First Western Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.79
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 22.79 is above the 20-day moving average (MA) of 22.23, above the 50-day MA of 22.73, and above the 200-day MA of 20.85, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 54.04 is Neutral, neither overbought nor oversold. The STOCH value of 64.52 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
EFSI	84 Outperform	$200.54M	17.26	5.44%	3.32%	-1.51%	-26.72%
FUNC	76 Outperform	$239.91M	10.10	13.37%	2.38%	11.42%	63.24%
ESSA	76 Outperform		―		―	5.57%	-16.40%
FINW	74 Outperform	$261.60M	19.79	7.47%	―	13.75%	-15.50%
CFFI	71 Outperform	$230.89M	9.44	10.67%	2.52%	11.71%	32.12%
Sector *	68 Neutral	$17.81B	11.87	10.24%	3.74%	9.75%	1.30%
MYFW	64 Neutral	$221.47M	19.29	4.58%	―	0.35%	64.49%

First Western Financial Corporate Events

First Western Financial Shows Strong Financial Momentum

First Western Financial, Inc. has demonstrated strong operational and financial momentum, with significant revenue growth and improved profitability since its IPO. The company has increased its total assets by 189% and achieved a 155% rise in tangible book value per share. With a strategic focus on organic growth, market expansion, and accretive acquisitions, First Western is positioned as a high-performing institution with a diverse loan portfolio and a stable deposit base. The management team, with a history of successful bank sales, holds a substantial insider ownership of 15.5%, aligning their interests with shareholders.

First Western Financial Reports Q2 2025 Earnings

For the second quarter of 2025, First Western Financial reported a net income of $2.5 million, a decrease from $4.2 million in the first quarter, but an increase from $1.1 million in the second quarter of 2024. The company saw growth in total loans and an improved net interest margin, despite a decrease in non-interest income. CEO Scott Wylie highlighted the company’s strong loan production and healthy economic conditions, expecting continued balance sheet growth and financial performance in the second half of the year.

First Western Financial Appoints New Chief Revenue Officer

On June 5, 2025, First Western Financial, Inc. appointed Matthew C. Cassell as Chief Revenue Officer of First Western Trust Bank. Mr. Cassell, who joined the bank in May 2020 and served as Chief Banking Officer since February 2023, brings extensive leadership experience from his previous roles, including as Colorado President for Simmons Bank. This appointment is expected to enhance the bank’s revenue strategies, leveraging Mr. Cassell’s vast experience in the banking sector.

First Western Financial Shareholders Approve Omnibus Incentive Plan

On June 4, 2025, First Western Financial, Inc. held its annual meeting where shareholders approved the amendment and restatement of the company’s Omnibus Incentive Plan, increasing the share reserve by 150,000 shares. Additionally, shareholders elected eleven directors, ratified Crowe LLP as the independent accounting firm for 2025, and approved executive compensation, reflecting strong support for the company’s strategic initiatives and governance.

First Western Financial Reports Key Financial Milestones

In 2024, First Western Financial, Inc. achieved significant financial milestones despite challenging economic conditions and fluctuating interest rates. The company improved its liquidity, expanded its net interest margin, and enhanced asset quality by reducing non-performing loans. It also reported a 3.7% increase in tangible book value per share and growth in capital ratios. The company’s strategic focus on business development led to an increase in deposit accounts and strong loan production, contributing to its robust balance sheet and market presence. These efforts, alongside a diversified client base and conservative underwriting, position First Western well for continued growth and value creation for shareholders.

First Western Financial Highlights Strong Growth in June 2025

In June 2025, First Western Financial, Inc. presented investor materials highlighting its strong financial and operational momentum. The company reported significant revenue growth and increased total assets by 178% since its IPO, driven by a combination of organic growth and strategic acquisitions. The firm maintains a stable deposit base and minimal credit losses, with insiders owning approximately 15.5% of shares, aligning management interests with shareholders.