First Western Reports Third Quarter 2026 Financial Results
First Western Financial reported Q3 2026 net income to common of $6.0 million, or $0.60 per diluted share, up from $0.57 in Q2 2026 and $0.32 a year earlier. Net interest margin expanded 5 basis points to 2.95%, net interest income rose 5.5% sequentially to $23.0 million, and loans held for investment grew 3.5% to $2.81 billion while deposits rose 2.5% to $2.92 billion. Credit quality improved, with non-performing assets falling to 0.39% of assets from 0.50%, and tangible book value per share rose 2.9% to $26.28.
Key figures
- Eps
- 0.6
- Revenue
- 28119000
- Aum
- 7210000000
- Npa ratio
- 0.39%
- Eps year ago
- 0.32
- Roa annualized
- 0.74%
- Total deposits
- 2920000000
- Efficiency ratio
- 72.20%
- Rotce annualized
- 9.31%
- Eps prior quarter
- 0.57
- Net income common
- 5981000
- Nim qoq change bps
- 5
- Noninterest income
- 5806000
- Net interest income
- 22960000
- Net interest margin
- 2.95%
- Noninterest expense
- 20840000
- Loans qoq growth pct
- 3.5%
- Nonperforming assets
- 13300000
- Deposits qoq growth pct
- 2.5%
- Loans held for investment
- 2810000000
- Pretax preprovision income
- 7900000
- Net interest income qoq pct
- 5.5%
- Pretax preprovision qoq pct
- 14.5%
- Tangible book value per share
- 26.28
AI analysis
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