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First Western Financial Inc   (MYFW)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

MYFW's Net Income Growth by Quarter and Year

First Western Financial Inc 's Net Income results by quarter and year




MYFW Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December -3.22 5.47 1.92 4.87
III Quarter September 3.12 6.22 6.42 9.63
II Quarter June 1.51 4.48 6.28 8.70
I Quarter March 3.82 5.52 6.00 1.33
FY   5.23 21.69 20.62 24.53



MYFW Net Income fourth quarter 2023 Y/Y Growth Comment
First Western Financial Inc in the fourth quarter 2023 recorded net loss of $ -3.22 millions.

Looking into fourth quarter 2023 results within Regional Banks industry 16 other companies have achieved higher Net Income growth. While First Western Financial Inc ' s Net Income no change of % ranks overall at the positon no. 469 in the fourth quarter 2023.




MYFW Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 184.9 % -60.57 % -
III Quarter September -49.84 % -3.12 % -33.33 % 299.59 %
II Quarter June -66.29 % -28.66 % -27.82 % -
I Quarter March -30.8 % -8 % 351.13 % -
FY   -75.88 % 5.19 % -15.94 % -

Financial Statements
First Western Financial Inc 's fourth quarter 2023 Net Income $ -3.22 millions MYFW's Income Statement
First Western Financial Inc 's fourth quarter 2022 Net Income $ 5.47 millions Quarterly MYFW's Income Statement
New: More MYFW's historic Net Income Growth >>


MYFW Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -12.06 % -70.09 % -49.43 %
III Quarter September 106.62 % 38.84 % 2.23 % 10.69 %
II Quarter June -60.47 % -18.84 % 4.67 % 554.14 %
I Quarter March -30.16 % 187.5 % 23.2 % -
FY (Year on Year)   -75.88 % 5.19 % -15.94 % -




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #17
Financial Sector #99
Overall #469

Net Income Y/Y Growth Statistics
High Average Low
167 % 0.02 % -75.92 %
(Jun 30 2021)   (Dec 31 2023)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #17
Financial Sector #99
Overall #469
Net Income Y/Y Growth Statistics
High Average Low
167 % 0.02 % -75.92 %
(Jun 30 2021)   (Dec 31 2023)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

First Western Financial Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
0 % 0 % 0 %
 


MYFW's IV. Quarter Q/Q Net Income Comment
Current results of -3.22 millions by First Western Financial Inc appear even more unfavourable considering the 3.12 millions net loss in the third quarter.

Within Regional Banks industry First Western Financial Inc achieved highest sequential Net Income growth. While First Western Financial Inc 's Net Income growth quarter on quarter, overall rank is .


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #
Financial Sector #
Overall #
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #
Financial Sector #
Overall #
Net Income Q/Q Growth Statistics
High Average Low
0 % 0 % 0 %
 


MYFW's IV. Quarter Q/Q Net Income Comment
Current net loss of -3.22 millions by First Western Financial Inc appear even less good considering the 3.12 millions a quarter before.

Within Regional Banks industry First Western Financial Inc achieved highest sequential Net Income growth. While First Western Financial Inc 's Net Income growth quarter on quarter, overall rank is .


First Western Financial Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 5.23 $ 13.92 $ 17.02 $ 19.99 $ 21.70
Y / Y Net Income Growth (TTM) -75.92 % -23.31 % -7.21 % -0.7 % 5.28 %
Year on Year Net Income Growth Overall Ranking # 681 # 1426 # 578 # 789 # 527
Seqeuential Net Income Change (TTM) -62.45 % -18.23 % -14.88 % -7.85 % 19.59 %
Seq. Net Income Growth (TTM) Overall Ranking # 469 # 552 # 454 # 761 # 1307




Cumulative Net Income growth Comment
First Western Financial Inc 's cumulative 12 months Net Income continue to drop, but on the faster rate at -75.92% year on year, at Dec 31 2023 compare to the -23.31% decrease at Sep 30 2023. If the First Western Financial Inc 's fiscal year would end at Dec 31 2023, annual Net Income would be $5 millions.

In the Financial sector 145 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 681, from total ranking in previous quarter at 1426.

Net Income TTM Q/Q Growth Statistics
High Average Low
167 %
0.02 %
-75.92 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 17
Financial Sector # 146
Overall # 681

Net Income TTM Y/Y Growth Statistics
High Average Low
167 %
0.02 %
-75.92 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 17
Sector # 99
S&P 500 # 469
Cumulative Net Income growth Comment
First Western Financial Inc 's cumulative 12 months Net Income continue to drop, but on the faster rate at -75.92% year on year, at Dec 31 2023 compare to the -23.31% decrease at Sep 30 2023. If the First Western Financial Inc 's fiscal year would end at Dec 31 2023, annual Net Income would be $5 millions.

In the Financial sector 145 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 681, from total ranking in previous quarter at 1426.

Net Income TTM Q/Q Growth Statistics
High Average Low
167 %
0.02 %
-75.92 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 17
Financial Sector # 146
Overall # 681

Net Income TTM Y/Y Growth Statistics
High Average Low
167 %
0.02 %
-75.92 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 17
Sector # 99
S&P 500 # 469




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
MYFW's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for MYFW's Competitors
Net Income Growth for First Western Financial Inc 's Suppliers
Net Income Growth for MYFW's Customers

You may also want to know
MYFW's Annual Growth Rates MYFW's Profitability Ratios MYFW's Asset Turnover Ratio MYFW's Dividend Growth
MYFW's Roe MYFW's Valuation Ratios MYFW's Financial Strength Ratios MYFW's Dividend Payout Ratio
MYFW's Roa MYFW's Inventory Turnover Ratio MYFW's Growth Rates MYFW's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Lloyds Banking Group Plc-0.67%$ -0.666 millions
Republic Bancorp inc -0.69%$ -0.692 millions
American Assets Trust Inc -1.19%$ -1.193 millions
Boston Properties Inc -1.65%$ -1.649 millions
Pathward Financial Inc -1.79%$ -1.787 millions
Unity Bancorp inc -1.87%$ -1.868 millions
Raymond James Financial Inc -2.16%$ -2.161 millions
Flushing Financial Corporation-2.16%$ -2.162 millions
Top Financial Group Ltd-2.68%$ -2.680 millions
Phillips Edison and Company Inc -3.28%$ -3.280 millions
Employers Holdings Inc -3.39%$ -3.390 millions
Mgic Investment Corp-3.62%$ -3.625 millions
Realty Income Corporation-3.75%$ -3.755 millions
Plumas Bancorp-3.81%$ -3.812 millions
Citizens Financial Services Inc -4.25%$ -4.254 millions
Franklin Financial Services Corporation-6.62%$ -6.618 millions
Tfs Financial Corporation-6.70%$ -6.696 millions
Federal Home Loan Bank Of Boston-7.04%$ -7.042 millions
Us Bancorp De-7.42%$ -7.419 millions
The Cigna Group-7.60%$ -7.596 millions
S and t Bancorp Inc -8.00%$ -8.003 millions
Onemain Holdings Inc -8.33%$ -8.333 millions
Amalgamated Financial Corp -8.34%$ -8.342 millions
1st Source Corporation-8.50%$ -8.498 millions
Ohio Valley Banc Corp-8.54%$ -8.541 millions
Magyar Bancorp Inc -8.73%$ -8.729 millions
Independent Bank Corporation-8.90%$ -8.902 millions
Provident Financial Holdings inc -9.70%$ -9.701 millions
Stonex Group Inc -9.79%$ -9.791 millions
City Holding Company-10.50%$ -10.498 millions




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