Quarterly ResultJul 23, 2026, 04:33 PM
First Western Q2 Net Income $5.7M, EPS $0.57
AI Summary
First Western Financial Inc. reported net income of $5.7 million, or $0.57 per diluted share, for the second quarter of 2026. This represents a decrease from $6.2 million in Q1 2026 but a significant increase from $2.5 million in Q2 2025. The company saw a 4.3% increase in net interest income and a 9 basis point expansion in net interest margin quarter-over-quarter. Total loans and deposits also experienced modest growth, while asset quality remained stable.
Key Highlights
- Net income available to common shareholders was $5.7 million in Q2 2026.
- Diluted earnings per share was $0.57 for Q2 2026.
- Net interest income increased 4.3% quarter-over-quarter to $21.8 million.
- Net interest margin rose 9 basis points from Q1 2026 to 2.90% in Q2 2026.
- Total loans held for investment increased 0.9% QoQ to $2.72 billion.
- Total deposits increased 0.4% QoQ to $2.85 billion.
- Book value per common share increased 2.2% QoQ to $28.73.
- Non-performing assets were 0.50% of total assets as of June 30, 2026.
Price Impact
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