Welcome to our dedicated page for First Western Financial news (Ticker: MYFW), a resource for investors and traders seeking the latest updates and insights on First Western Financial stock.
First Western Financial, Inc. (MYFW) is a dynamic financial holding company based in the United States, specializing in comprehensive wealth management services. The company is dedicated to serving the western wealth management client through its unique private trust bank platform.
With over $4 billion in affiliated assets under management or advice, First Western Financial offers a synergistic combination of institutional-quality investment management and a diverse array of financial services. These services include wealth planning, investment management, private banking, personal trust, philanthropic services, retirement consulting, as well as insurance and mortgage services.
First Western Financial operates through two main segments: the Wealth Management segment and the Mortgage segment. The Wealth Management segment is responsible for providing a fully integrated suite of wealth management products and services, while the Mortgage segment focuses on residential mortgage service offerings. The majority of the company's revenue is derived from the Wealth Management segment.
Built specifically for the new economies of the West, First Western Financial has established a strong presence with offices in Arizona, California, Colorado, and Wyoming. The firm is known for its commitment to delivering tailored solutions and access to local expertise, positioning itself as a trusted partner for high-net-worth individuals and families.
Recently, the company announced several updates:
- A conference call and webcast scheduled at 10:00 a.m. MT / 12:00 p.m. ET on Friday, July 28, 2023.
- Operating results for the third quarter of 2023, including details on revenue, net interest income, non-interest income, non-interest expense, income taxes, loans, borrowings, and assets under management.
- Provision and allowance for credit loss amounts as per the latest GAAP standards.
- Upcoming events and presentations for the fourth quarter of 2023 and the first quarter of 2024.
First Western Financial continually focuses on prudent risk management and aims to provide multiple products and services to its clients, ensuring long-term value creation for its shareholders.
First Western Financial, Inc. (NASDAQ: MYFW) announced it will release its financial results for the first quarter ended March 31, 2023, on April 27, 2023, after market close. A conference call is scheduled for April 28, 2023, at 10:00 a.m. MT to discuss these results. Analysts and investors are invited to participate in a question-and-answer session following the presentation. The call will be accessible via telephone and also streamed live on the company’s investor relations website. First Western operates in multiple states, offering a range of wealth management services including deposits, loans, trusts, and investment management products.
First Western Financial, Inc. (NASDAQ: MYFW) reported its fourth quarter 2022 financial results with net income of $5.5 million, or $0.56 per diluted share, a decline from $6.2 million in Q3 2022. Total deposits rose 11.0% to $2.41 billion, while total loans increased by 5.1% to $2.48 billion. Gross revenue slightly decreased by 1.0% to $29.0 million compared to Q3 2022 but marked a 23.8% annual increase. The net interest margin fell to 3.32% due to rising costs of funds. Book value per share rose 2.5%, closing at $25.37. The company emphasizes strong business growth despite potential economic headwinds ahead.
First Western Financial, Inc. (NASDAQ: MYFW) announced its financial results for the fourth quarter ending December 31, 2022, will be released after market close on January 26, 2023. A conference call is scheduled for January 27, 2023, at 10:00 a.m. MT, where management will discuss the results and engage in a Q&A session.
As a financial services holding company, First Western provides wealth management services across several states, including Colorado and California. For more details, visit their investor relations page.
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