First Western Financial, Inc. (MYFW) Earnings
First Western Financial, Inc. is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $0.55. MYFW has beaten EPS estimates in 4 of its last 11 reported quarters (average surprise -8.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 24, 2026 | $0.44 | $0.63 | +43.2% | $28M | +4.3% |
| Jan 22, 2026 | $0.47 | $0.34 | -27.7% | $27M | -2.4% |
| Oct 23, 2025 | $0.38 | $0.32 | -15.8% | $26M | -2.1% |
| Jul 24, 2025 | $0.39 | $0.26 | -33.3% | $24M | -9.0% |
| Apr 24, 2025 | $0.23 | $0.43 | +87.0% | $25M | +2.8% |
| Jan 24, 2025 | $0.26 | $0.28 | +6.3% | $21M | -14.8% |
| Oct 24, 2024 | $0.28 | $0.22 | -21.4% | $23M | -6.6% |
| Jul 23, 2024 | $0.30 | $0.11 | -63.3% | $23M | -8.1% |
| Apr 18, 2024 | $0.22 | $0.26 | +18.2% | $23M | -3.5% |
| Mar 15, 2024 | — | $-0.33 | — | $42M | — |
| Oct 19, 2023 | $0.45 | $0.32 | -28.9% | $23M | -12.7% |
| Jul 27, 2023 | $0.44 | $0.25 | -43.2% | $22M | -13.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 24, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Executed well in first quarter with positive trends in loan and deposit growth, net interest margin expansion, well-managed expenses, higher mortgage banking revenues, and improved asset quality. - EPS up 85% quarter over quarter, third consecutive quarter of net income and EPS increase. - Conservative approach to new loan production with disciplined underwriting and pricing criteria. - Added to banking team, seeing solid loan production diversified across markets, industries, and loan types. - Tangible book value per share increased 3.3% for the quarter. - Net interest income increased due to increase in net interest margin and average interest earning assets. - Non-interest income increased due to gains on sale of mortgage loans, risk management and insurance fees, and trust and investment management fees. - Non-interest expense decreased by $1.1 million from prior quarter, efficiency ratio improved for sixth consecutive quarter. - Asset quality improved with decreases in non-accrual loans and NPAs, no loan charge-offs in the quarter, allowance coverage improved.
Guidance
- Expectation for the year unchanged from start of year. - Loan deposit pipelines remain strong, expecting solid balance sheet growth in 2026. - Anticipate further expansion in net interest margin in 2026 but may not be at the same level as 2025. - Will remain disciplined in expense control but invest in business for future shareholder value. - Ongoing M&A activity in markets creates opportunities to add banking talent and new clients. - No indication of meaningful deterioration in asset quality.
Segment performance
Loan portfolio: Loans held for investment increased $41 million from the end of the prior quarter. New loan production was $116 million in the first quarter, diversified across portfolios, with an average rate on new production of 6.31% in the quarter. Deposit trends: Total deposits increased $95 million from the end of the prior quarter, with growth in all types of deposits, including a 10% or $35 million increase in non-interest bearing deposits. Loan to deposit ratio dropped below 95. Trust and investment management: Assets under management increased $43 million in the first quarter, primarily attributed to lower market values partially offset by new accounts, with net new accounts and contributions contributing a net increase of $42 million. Trust and investment management fees increased 5.3% from the second quarter of 2025.
Risks & headwinds
- Various factors could cause actual results to be materially different from forward-looking statements, including factors discussed in SEC filings. - Economic conditions, interest rate fluctuations, M&A activity impact, market competition, etc., could affect performance.
Analyst Q&A
Q: How many MLOs have been added and mortgage production totals?
A: Added 1 new MLO this quarter, added 7 front office banker type jobs. Mortgage production had gains from $800,000 in quarter four to $1.5 million in quarter one, secondary lock volume was just under $180 million in Q1.
Q: Any other markets keying in on growth?
A: Recruited new market president for Scottsdale, Arizona, excited about hires there, and seeing opportunities everywhere with quality talent available.
Q: Thoughts on net interest margin trajectory?
A: Expect to eventually get back to 3.15%-3.20% NIM, but pace hard to predict, focused on pricing discipline on loan and deposit sides.
Q: Trust business trajectory?
A: Brought in new head of wealth a year ago, overhauled planning, investment management, insurance, and retirement services, launched B2B offering WorkWealth, seeing green shoots.
Q: Deposit and loan growth dynamics?
A: Deposit growth focus for several quarters, loans come with primary banking relationship, loan to deposit ratio sub-95 now, long-term not heading to very low ratios.
Q: Impact of geopolitical events?
A: Not seen negative impact on loan, deposit, or pipeline activity so far.
Q: Loan growth expectation for 2026?
A: Guidance for balance sheet growth is high single digits, seeing loan growth across platform, being selective in owner-occupied CRE.
Q: Deposit rate pressure?
A: Not hearing much pressure to raise deposit rates, clients prefer local banks, have conversion concierge.
Q: New branch plans?
A: Very focused on organic growth, seeing opportunities to bring in well-established teams in adjacent footprints but no immediate announcements.