earnings
confidence high
sentiment positive
materiality 0.75
First Western Q1 net income rises to $4.2M ($0.43 EPS); NIM expands 16 bps to 2.61%
First Western Financial Inc
2025-Q1 EPS reported
$0.43
revenue$24,718,000
- Net income available to common shareholders of $4.2M, up from $2.7M in Q4 2024; diluted EPS $0.43 vs $0.28.
- Net interest margin increased 16 bps to 2.61%; net interest income $17.5M vs $16.9M prior quarter.
- OREO reduced $31.5M to $4.4M after sale of two properties; net gain of $0.5M.
- Noninterest-bearing deposits grew 9.1% to $409.7M; noninterest income $7.3M vs $6.5M.
- CEO expects continuation of positive trends; redeployment of OREO cash into interest-earning assets.