Quarterly ResultMay 1, 2026, 04:23 PM
First Western Q1 EPS $0.63; Net Income $6.2M; NIM 2.81%
AI Summary
First Western Financial, Inc. reported strong first quarter 2026 results, with diluted earnings per share increasing 85% quarter-over-quarter to $0.63 and net income available to common shareholders rising to $6.2 million. The company achieved a net interest margin of 2.81%, a 10 basis point increase from the prior quarter, driven by improved cost of funds. Total loans held for investment grew by $41 million, and total deposits increased by $95 million, reflecting successful execution on growth strategies in attractive markets. Tangible book value per share also increased to $24.87.
Key Highlights
- Diluted EPS for Q1 2026 was $0.63, an 85% increase from Q4 2025 and 47% from Q1 2025.
- Net income available to common shareholders reached $6.2 million in Q1 2026.
- Net interest margin improved to 2.81% in Q1 2026, up 10 basis points from Q4 2025.
- Total loans held for investment increased by $41 million (1.5%) in Q1 2026 to $2.69 billion.
- Total deposits grew by $95 million (3.5%) in Q1 2026 to $2.84 billion.
- Tangible book value per share increased 3.3% to $24.87 in Q1 2026 from $24.07 in Q4 2025.
- Non-performing assets as a percentage of total assets decreased to 0.50% in Q1 2026.
- Gross revenue for Q1 2026 was $27.6 million, up 3.4% from Q4 2025.
Price Impact
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