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First Western Financial
(NASDAQ:MYFW)
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Rating:65Neutral
Price Target:
$33.00
▲(6.55% Upside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by improving financial performance (deleveraging and a rebound in revenue/margins) and a constructive earnings outlook with improving NIM and stable credit quality. These positives are tempered by prior cash-flow volatility, near-term technical softness versus the 20-day average, and only moderate valuation support given no dividend yield data.
Positive Factors
Balance-sheet leverage reduction
Debt-to-equity falling to roughly 0.29 reflects material de-risking and equity growth versus 2022–2023 levels. Lower leverage improves capital flexibility for buybacks, hiring or opportunistic M&A, reduces default risk under stress, and supports longer-term franchise resilience.
Negative Factors
Cash-flow consistency risk
Prior two-year negative operating and free cash flow indicates volatility in underlying cash conversion despite a TTM rebound. Irregular cash generation can constrain capital allocation, make buybacks or acquisitions riskier, and increase sensitivity to working-capital swings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet leverage reduction
Debt-to-equity falling to roughly 0.29 reflects material de-risking and equity growth versus 2022–2023 levels. Lower leverage improves capital flexibility for buybacks, hiring or opportunistic M&A, reduces default risk under stress, and supports longer-term franchise resilience.
Read all positive factors
First Western Financial (MYFW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$306.23M
Dividend YieldN/A
Average Volume (3M)50.44K
Price to Earnings (P/E)16.5
Beta (1Y)0.84
Revenue Growth9.09%
EPS Growth58.57%
CountryUS
Employees320
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.90
Shares Outstanding9,765,129
10 Day Avg. Volume36,251
30 Day Avg. Volume50,443
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$33.00Price Target Upside6.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.44
Revenue Forecast (FY)$116.00M
First Western Financial Business Overview & Revenue Model
Company Description
First Western Financial, Inc., a financial holding company, provides wealth advisory, private banking, personal trust, investment management, mortgage lending, and institutional asset management services to individual and corporate clients. The co...
How the Company Makes Money
First Western Financial makes money primarily through a combination of bank interest income and fee-based wealth management and fiduciary services.
1) Net interest income (banking spread)
- The core earnings engine is the spread between interest ...
First Western Financial Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 15, 2026
Earnings Call Sentiment Positive
The call conveyed a largely positive operational and financial picture: strong year-over-year profitability, meaningful NIM and net interest income expansion, healthy loan and deposit growth, increasing AUM and wealth fees, and stable asset quality. Offsetting items include a small decline in noninterest income (mortgage-related), higher noninterest expense including a one-time technology write-off, modest efficiency ratio pressure, and competitive deposit and loan pricing dynamics. Management is focused on converting market disruption into growth by adding talent while remaining disciplined on pricing and underwriting.Positive Updates
Significant Profitability Improvement
Net income of $6.7 million and diluted EPS of $0.57 in Q2, increases of 129% and 119% respectively year-over-year, driving solid quarterly profitability.
Negative Updates
Decline in Noninterest Income
Noninterest income decreased by $0.3 million sequentially, primarily due to a decline in net gain on sale of mortgage loans driven by lower origination volume amid higher mortgage rates, and reduced risk management and insurance fees.
Read all updates
Q2-2026 Updates
Positive
Negative
Significant Profitability Improvement
Net income of $6.7 million and diluted EPS of $0.57 in Q2, increases of 129% and 119% respectively year-over-year, driving solid quarterly profitability.
Read all positive updates
Company Guidance
Management guided to continued improvement in the second half of 2026, driven by balance sheet growth, net interest margin (NIM) expansion, higher fee income and operating leverage while exercising expense discipline; they reiterated quarterly noninterest expense of $20–21 million and signaled willingness to invest in growth (adding banking, trust and investment talent) if M&A disruption creates opportunities. Key metrics referenced: Q2 net income $6.7M ($0.57 diluted EPS), tangible book value per share up 2.6% to $25.53; Q2 NIM 2.9% (up 9 bps QoQ, +23 bps YoY), net interest income +4.3% QoQ (+21.7% YoY), gross revenue +1.8% QoQ (+16% YoY); loans +$23M QoQ (+7% YoY) with $115M new production at a 6.37% average rate (loan payoffs averaged 5.89%); deposits +12.6% YoY with average noninterest-bearing deposits +$18M (5.1% QoQ); AUM +$41M (investment agency AUM +$91M QoQ), trust/investment fees +5.1%; asset quality stable (no charge-offs, allowance coverage 75 bps of loans), spot deposit rate 2.8% and time deposits 3.64%.First Western Financial Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
72
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 194.17M | 186.35M | 177.77M | 165.38M | 127.51M | 101.04M |
| Gross Profit | 107.75M | 97.83M | 87.51M | 80.57M | 106.56M | 94.39M |
| EBITDA | 26.81M | 20.05M | 14.14M | 9.44M | 30.84M | 28.54M |
| Net Income | 18.44M | 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 | 103.92M | 245.89M | 236.04M | 254.44M | 196.51M | 441.70M |
| Total Debt | 81.28M | 107.61M | 109.60M | 178.05M | 199.02M | 77.66M |
| Total Liabilities | 2.96B | 2.89B | 2.67B | 2.73B | 2.63B | 2.31B |
| Stockholders Equity | 280.59M | 265.56M | 252.32M | 242.74M | 240.86M | 219.04M |
Cash Flow | ||||||
| Free Cash Flow | 22.81M | -5.77M | -1.76M | 19.53M | 45.31M | 160.41M |
| Operating Cash Flow | 26.71M | -1.80M | -544.00K | 21.88M | 48.28M | 162.51M |
| Investing Cash Flow | -274.77M | -264.44M | 66.44M | -66.39M | -558.80M | -43.02M |
| Financing Cash Flow | 188.73M | 228.58M | -84.30M | 102.44M | 320.05M | 111.50M |
First Western Financial Technical Analysis
Positive
30.97
Price Trends
31.92
Negative
30.31
Positive
27.79
Positive
Market Momentum
-0.17
Negative
50.90
Neutral
76.80
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 30.97 is below the 20-day moving average (MA) of 31.19, below the 50-day MA of 31.92, and above the 200-day MA of 27.79, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 50.90 is Neutral, neither overbought nor oversold. The STOCH value of 76.80 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $276.65M | 10.49 | 15.15% | 2.05% | 4.90% | 24.16% | |
75 Outperform | $296.58M | 11.43 | 9.48% | 3.22% | -2.70% | 296.51% | |
74 Outperform | $308.55M | 10.58 | 10.99% | 1.98% | 8.95% | 18.66% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $306.23M | 16.51 | 6.82% | ― | 9.09% | 58.57% |
* Financial Sector Average
MYFW
First Western Financial
31.36
8.03
34.42%
CFFI
C&F Financial
94.89
25.41
36.57%
HWBK
Hawthorn Bancshares
40.09
9.33
30.34%
BPRN
Bank of Princeton
43.53
11.96
37.89%
First Western Financial Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
First Western Highlights Growth Strategy and Financial Momentum
Positive
Jul 24, 2026
In July 2026, First Western Financial furnished an investor presentation outlining its positioning as a growing regional wealth manager and private trust bank focused on affluent clients in attractive Rocky Mountain and western markets. The compan...
Business Operations and StrategyFinancial Disclosures
First Western Financial Reports Strong Second-Quarter 2026 Results
Positive
Jul 23, 2026
First Western Financial reported second-quarter 2026 net income available to common shareholders of $5.7 million, or $0.57 per diluted share, down from $6.2 million in the first quarter of 2026 but more than double the $2.5 million earned in the s...
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...
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.