Quarterly ResultApr 23, 2026, 04:17 PM
First Western Q1 2026 Net Income Jumps to $6.2M, EPS $0.63
AI Summary
First Western Financial Inc. reported a significant increase in its first-quarter 2026 financial results, with net income available to common shareholders rising to $6.2 million, up from $3.3 million in Q4 2025. Diluted earnings per share also saw a substantial jump to $0.63 from $0.34 quarter-over-quarter. The company experienced positive trends including a 10 basis point expansion in net interest margin to 2.81%, a 1.5% increase in net interest income to $20.9 million, and a 3.5% growth in total deposits to $2.84 billion. CEO Scott C. Wylie highlighted strong execution, improved asset quality, and healthy economic conditions driving loan and deposit growth, positioning the company for continued strong performance.
Key Highlights
- Net income available to common shareholders rose to $6.2M in Q1 2026 from $3.3M in Q4 2025.
- Diluted EPS increased to $0.63 in Q1 2026 from $0.34 in Q4 2025.
- Net interest margin expanded 10 bps to 2.81% in Q1 2026 from 2.71% in Q4 2025.
- Total deposits grew $95M (3.5%) to $2.84B in Q1 2026 from $2.75B in Q4 2025.
- Net interest income increased 1.5% to $20.9M in Q1 2026 from $20.6M in Q4 2025.