First Western Reports First Quarter 2026 Financial Results

About this update from First Western Financial, Inc.

First Quarter 2026 Summary Net income available to common shareholders of $6.2 million in Q1 2026, compared to $3.3 million in Q4 2025Diluted earnings per share of $0.63 in Q1 2026, compared to $0.34 in Q4 2025Net interest margin increased 10 basis points from 2.71% in Q4 2025 to 2.81% in Q1 2026Net interest income increased $0.3 million, or 1.5%, from $20.6 million in Q4 2025 to $20.9 million in Q1 2026Non-interest income increased $0.6 million, or 9.8%, from $6.1 million in Q4 2025 to $6.7 million in Q1 2026Total deposits increased $95 million, or 3.5%, from $2.75 billion in Q4 2025 to $2.84 billion in Q1 2026 DENVER, April 23, 2026 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (“First Western” or the “Company”) (NASDAQ: MYFW), today reported financial results for the first quarter ended March 31, 2026. Net income available to common shareholders was $6.2 million, or $0.63 per diluted share, for the first quarter of 2026. This compares to net income of $3.3 million, or $0.34 per diluted share, for the fourth quarter of 2025, and net income of $4.2 million, or $0.43 per diluted share, for the first quarter of 2025. Scott C. Wylie, CEO of First Western, commented, “We executed well in the first quarter and saw positive trends in many areas including loan and deposit growth, an increase in Net interest income, expansion in our net interest margin, well managed expenses, and improved asset quality, which resulted in an increase in our level of profitability. We continue to see healthy economic conditions across our markets resulting in a solid amount of loan demand that meets our disciplined underwriting and pricing criteria, while steadily adding new deposit relationships. Our improving financial performance and continued prudent balance sheet management resulted in increases in both our book value and tangible book value per share during the first quarter. “Our loan and deposit pipelines remain strong and along with a continuation of the positive trends we are seeing in key areas, we believe we are well positioned to continue generating strong financial performance for our shareholders as we move through 2026,” said Mr. Wylie. For the Three Months Ended March 31, December 31, March 31,(Dollars in thousands, except per share data) 2026 2025 2025 Earnings Summary Net interest income$20,883 $20,577 $17,453 (Release of) provision for credit losses (728) 9...

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