earnings
confidence high
sentiment positive
materiality 0.75
First Western Q4 2024 net income $2.7M ($0.28 EPS) vs net loss year ago
First Western Financial Inc
2024-FY EPS reported
$0.87
revenue$90,071,000
- Net income $2.7M ($0.28 diluted EPS) in Q4 2024 vs $2.1M ($0.22) in Q3 2024 and net loss $3.2M ($0.34) in Q4 2023.
- Net interest margin 2.45% up 13 bps sequentially from 2.32% in Q3 2024.
- Total loans up 2.1% to $2.45B; average deposits up 4.0% to $2.50B.
- Provision for credit losses reversed to a release of $0.974M vs $0.501M provision in Q3 2024.
- CEO noted highest insurance fee quarter ever and OREO property under contract for Q1 2025 sale.