Quarterly ResultJul 23, 2026, 04:18 PM

First Western Q2 Net Income $5.7M, Diluted EPS $0.57, up 119% YoY

AI Summary

First Western Financial reported Q2 2026 net income available to common shareholders of $5.7 million, or $0.57 per diluted share, marking a 119% increase in diluted EPS compared to Q2 2025. Net interest income grew 4.3% quarter-over-quarter to $21.8 million, and net interest margin expanded by 9 basis points to 2.90%. The company also saw a 0.4% increase in total deposits to $2.85 billion and a 0.9% rise in total loans held for investment to $2.72 billion. An investor call and webcast are scheduled for July 24, 2026, to discuss these results.

Key Highlights

Net income available to common shareholders was $5.7 million in Q2 2026.
Diluted EPS was $0.57, an increase of 119% from Q2 2025.
Net interest income increased 4.3% QoQ to $21.8 million.
Net interest margin expanded 9 basis points QoQ to 2.90%.
Total deposits rose 0.4% QoQ to $2.85 billion.
Total loans held for investment grew 0.9% QoQ to $2.72 billion.
Tangible book value per share increased 2.7% QoQ to $25.53.
Non-performing assets remained stable at $16.3 million, or 0.50% of total assets.

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First Western Financial Inc

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