Earnings ·
First Western posts Q3 diluted EPS of $0.60 on $23.0M net interest income
MYFWFirst Western Financial Inc
First Western Financial reported third-quarter 2026 net income available to common shareholders of $6.0 million, or $0.60 per diluted share, compared to $5.7 million, or $0.57 per diluted share, in the second quarter and $3.2 million, or $0.32 per diluted share, a year earlier. Net interest income rose 5.5% to $23.0 million as the net interest margin expanded five basis points to 2.95%. Pre-tax, pre-provision net income increased 14.5% to $7.9 million. Total loans held for investment grew $95.0 million to $2.81 billion, while total deposits rose $70.0 million to $2.92 billion. Non-interest expense decreased slightly to $20.8 million, improving the efficiency ratio to 72.2%. The company operates as a financial services holding company providing banking and wealth management services in the Mountain West region.