First Western Financial, Inc. (MYFW) Earnings Call Transcripts

First Western Financial, Inc.'s Latest Earnings Call - Q1 FY2026

First Western Financial reported strong results for Q1 2026, with EPS increasing by 85% quarter-over-quarter. The company achieved net income of $6.2 million or $0.63 per diluted share, marking the third consecutive quarter of net income and EPS growth. Revenue increased by 3.4% from the prior quarter, driven by both net interest income and noninterest income. Management maintained their guidance for the year, expecting continued balance sheet growth and positive trends in net interest margin and fee income.

Reported metrics

Guidance from management

Management maintained their guidance for 2026, expecting solid balance sheet growth and further positive trends in net interest margin and fee income. They anticipate loan and deposit growth at similar levels to 2025.

What management said

I think we added one new MLO this quarter, and we added another 7 folks in front office banker type jobs. The MLO additions are especially nice if they're a good fit for us and producers because they have very low fixed costs and their compensation largely comes from variable cost from production. Do you have the data for last year, handy? For last year, MLO adds.

Yes. Mortgage had a good, strong first quarter. We saw gains on mortgage loans go from $800,000 in quarter 4 to $1.5 million in quarter 1. So really strong production, good economic conditions, I think spurred that, but also the MLO adds we've been doing over the last several quarters have just given us a level of ability to produce mortgages.

What analysts pressed on

Analysts inquired about the sustainability of net interest margin expansion and the impact of geopolitical events on client behavior. There were also questions regarding the competitive landscape for deposits and potential market expansion.

Main topics on the call

• Loan and Deposit Growth — Loans held for investment increased by $41 million, while total deposits grew by $95 million from the prior quarter. The loan-to-deposit ratio improved to below 95%. Management emphasized a conservative approach to new l...
• Net Interest Margin Expansion — Net interest margin increased by 10 basis points to 2.81%, driven by a reduction in the cost of funds. Management expects further expansion in 2026, although not at the same level as the previous year.
• Noninterest Income Growth — Noninterest income increased by approximately $600,000 due to gains on mortgage loans, risk management, insurance fees, and trust and investment management fees. This marks the third consecutive quarter of growth in thes...
• Expense Management — Noninterest expenses decreased by $1.1 million due to a previous OREO write-down and reduced professional services costs. The efficiency ratio improved for the sixth consecutive quarter.

Read the full First Western Financial, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 First Western Financial, Inc. earnings call transcripts on record, spanning January 24, 2020 to July 24, 2026. Based on this history, First Western Financial, Inc. reports quarterly. The most recent call on file is dated July 24, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MYFW

Exchange

NasdaqGS

Country

US

Sector

Financials

Industry

Banks

Calls on record

26

First call

January 24, 2020

Most recent

July 24, 2026

Reporting cadence

quarterly