First Western Financial Inc   (MYFW)
Other Ticker:  
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
Price: $14.1700 $0.02 0.141%
Day's High: $14.24 Week Perf: 8 %
Day's Low: $ 13.71 30 Day Perf: -16.89 %
Volume (M): 26 52 Wk High: $ 25.58
Volume (M$): $ 374 52 Wk Avg: $18.04
Open: $14.14 52 Wk Low: $12.84

 Market Capitalization (Millions $) 138
 Shares Outstanding (Millions) 10
 Employees 489
 Revenues (TTM) (Millions $) 96
 Net Income (TTM) (Millions $) 14
 Cash Flow (TTM) (Millions $) 106
 Capital Exp. (TTM) (Millions $) 3

First Western Financial Inc
First Western Financial Inc is a financial holding company headquartered in Denver, Colorado, USA. The company provides wealth management, private banking, investment management, and trust services to high net worth individuals, families, and businesses in Colorado, Arizona, California, and Wyoming. It was founded in 2002, and since then, it has grown consistently, focusing on building close relationships with its clients.

Wealth Management Services

First Western Financial's wealth management services involve working with clients to identify their financial goals and developing strategies to achieve them. This includes comprehensive financial planning, investment management, tax planning, estate planning, and risk management. The company provides a wide range of investment options, including real estate, individual securities, mutual funds, and alternative investments.

Private Banking Services

The private banking services provided by First Western Financial are designed to meet the unique needs of high net worth individuals and families. These services include banking solutions that are not commonly available to average consumers. Clients can access a suite of credit and deposit products, as well as customized lending solutions. The private banking team works closely with clients to identify their needs and develop personalized solutions.

Investment Management

First Western Financial's investment management division is responsible for managing discretionary and non-discretionary portfolios. The company's investment professionals have extensive experience managing portfolios for high net worth individuals and families. They offer customized and diversified investment solutions, including separate accounts, mutual funds, exchange-traded funds, and alternative investments.

Trust Services

First Western Financial's trust services are designed to help clients manage and transfer their wealth efficiently. The company offers a comprehensive range of trust and estate services, including trust administration, wealth transfer planning, charitable giving, and fiduciary services. The trust services team works closely with clients to develop individualized solutions that meet their specific goals and objectives.

Overall, First Western Financial Inc is a leading provider of wealth management, private banking, investment management, and trust services. The company's unique approach to serving high net worth clients has helped it to establish a solid reputation in the financial services industry. Its focus on building strong relationships with its clients and providing personalized solutions has contributed to its ongoing success.

   Company Address: 1900 16th Street Denver 80202 CO
   Company Phone Number: 531.8100   Stock Exchange / Ticker: NASDAQ MYFW
   MYFW is expected to report next financial results on March 14, 2024.


Stock Performances by Major Competitors

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First Western Financial Inc

First Western Financial Inc Stuns Investors with Drastic Revenue Drop, Sending Shockwaves Through the Industry

Investors and analysts have expressed concerns over the recent financial performance of First Western Financial Inc, a prominent player in the Regional Banks industry. The company reported disappointing results during the financial period ending September 30, 2023. Notably, their earnings per share (EPS) plummeted by 50%, and revenue declined by 18.036% year on year. This decline can be attributed to various factors such as reduced earnings, shrinking profit margins, and a decline in accounts receivable.
Earnings and Revenue Decline:
Compared to the previous financial period, First Western Financial Inc witnessed a significant decline in earnings. The company's EPS dropped to $0.32 from $0.64 during the same timeframe a year earlier. Similarly, revenue declined from $27.50 million to $22.54 million, indicating a concerning downward trend. These weak financial results imply that the company is facing hurdles in generating profits.
Contrasting Industry Performance:
While First Western Financial Inc experienced a decline in performance, the Regional Banks industry as a whole recorded a top-line gain in the third quarter of 2023. Within the same period, the industry saw a 9.643% increase in revenue compared to the previous fiscal year. The industry's growth highlights the challenges faced by First Western Financial Inc and may require further analysis to identify specific issues the company is grappling with.

First Western Financial Inc

Significant Contraction in Revenue Witnessed by First Western Financial Inc Amid Fiscal Q2 2023, Contrary to Gains in Regional Banking Sector

The stock market has always been a source of excitement and intrigue for investors, and the recent performance of First Western Financial Inc (MYFW) has certainly sparked the attention of many. While the company faced some challenges in the fiscal second quarter of 2023, there are positive indications that things may be turning around.
One of the key factors that impacted MYFW's bottom line was a decline in revenue of -22.61%. This decrease resulted in a slump in the company's profitability by -65.22%. However, it's important to note that MYFW's revenue of $20.55 million for this quarter should be compared to the $26.56 million revenue recorded the previous year. This highlights the significance of the decline and indicates that the company still generated a substantial amount of revenue.

First Western Financial Inc

Headline: First Western Financial Inc Reports Significant Income per Share Deterioration during January to March 31, 2023 Interval

First Western Financial Inc, a financial sector company, has reported a disappointing first quarter of 2023 with a return on average invested assets (ROI) of only 0.9%, which is considerably below its average ROI of 9.57%. The decrease in net income has resulted in the decline of ROI relative to the previous quarter. Compared to 293 other companies in the financial sector, First Western Financial Inc has a lower ROI.
Furthermore, their overall ranking in terms of ROI has deteriorated from 0 to 1226 since the fourth quarter of 2022. The earnings per share (EPS) have dropped -31.58% to $0.39 per share compared to $0.57 per share in the same period last year, and profit has fallen by -19.74% from $0.49 per share from the prior reporting period. The revenue contracted -3.812% to $25.69 million from $26.71 million in the same period last year, and sequentially the revenue decreased -5.461% from $27.17 million. Net income of $3.820 million in the first quarter of 2023 fell by -30.85% from $5.524 million in the same period the year before.


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