First Western Financial, Inc. (MYFW)

Nasdaq: MYFW · State Commercial Banks · Denver, CO · filing with the SEC since 2005

Grade4.2

◀ Past 5.1● Present 2.4▶ Future 5.2

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Report filed	Feb 27, 2026	Mar 7, 2025	Mar 15, 2024	Mar 15, 2023	Mar 15, 2022	Mar 12, 2021	Mar 12, 2020	Mar 21, 2019	·
Revenue	96,914	90,071	82,698	107,934	95,408^r	92,600	63,976	57,617	54,501
For lenders
Interest and dividend income	159,787	152,651	145,558	101,196^r	62,011^r	53,334	45,051	38,796	33,337
Interest expense on deposits and borrowings	84,419	88,327	·	·	·	·	·	·	·
Net interest income	75,368	64,324	71,105	83,926^r	56,595^r	46,102	32,061	30,624	27,576
Provision for credit losses	4,993	3,439	12,077	3,682	1,230	4,682	662	180	788
Net interest income after provision	70,343	62,391	60,750	80,244^r	55,365^r	41,420	31,399	30,444	26,788
Noninterest income	26,571	27,680	21,948	27,690^r	40,043^r	51,180	32,577	27,173	27,713
Noninterest expense	79,840	78,492	75,637	79,106	68,128^r	59,537	53,784	50,195	49,494
Interest expense	2,400	2,700	2,700	1,400	1,500	800	500	8,172	5,761
Income before income taxes	17,074	11,579	7,061	28,828	27,280	33,063	10,192	7,422	5,007
Income tax expense	3,886	3,106	1,836	7,130	6,670	8,529	2,183	1,775	2,984
Net income including non-controlling interests	·	·	·	21,698	20,610	24,534	8,009	5,647	2,023
Net income	13,188	8,473	5,225	21,698	20,610	24,534	8,009	5,647	2,023
Preferred dividends	·	·	·	·	·	·	·	1,378	2,291
Net income to common shareholders	13,188	8,473	5,225	21,698	20,610	24,534	8,009	4,269	-268
Earnings per share, basic	1.36	0.88	0.55	2.29	2.58	3.11	1.02	0.64	-0.05
Earnings per share, diluted	1.34	0.87	0.54	2.23	2.50	3.08	1.01	0.63	-0.05
Weighted average shares, basic	9,712,488	9,649,433	9,541,050	9,461,349	7,980,491	7,899,278	7,890,266	6,712,754	5,586,620
Weighted average shares, diluted	9,830,133	9,755,804	9,725,910	9,713,623	8,235,178	7,961,904	7,914,961	6,754,258	5,586,620

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing cost

us-gaap:InterestExpenseDebt
us-gaap:InterestExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton MYFW · research, not advice