First Western Financial Inc. (MYFW) Financial Statements (2025 and earlier)

Company Profile

Business Address 1900 SIXTEENTH ST, #1200
DENVER, CO 80202
State of Incorp. CO
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments245,799257,889254,442271,484297,568295,067
Cash and cash equivalents245,799257,889254,442271,484297,568295,067
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss400   
Total current assets:245,799257,889254,842271,484297,568295,067
Noncurrent Assets
Operating lease, right-of-use asset18,66719,2508,9298,4109,0337,951
Nontrade receivables10,70011,10010,80010,80010,50010,000
Property, plant and equipment24,65724,86925,25625,41025,47325,383
Intangible assets, net (including goodwill)30,40030,40031,85430,40030,40030,400
Goodwill30,40030,40030,40030,40030,40030,400
Intangible assets, net (excluding goodwill)   1,454   
Deferred income tax assets6,1235,6956,4076,6247,2026,792
Total noncurrent assets:90,54791,31483,24681,64482,60880,526
Other undisclosed assets2,601,2092,583,0142,637,3742,649,6252,625,4702,592,914
TOTAL ASSETS:2,937,5552,932,2172,975,4623,002,7533,005,6462,968,507
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt4,5004,6004,9004,9006,000 
Investment program, proportional amortization method, elected, commitment4,5004,6004,9004,9006,000 
Total noncurrent liabilities:4,5004,6004,9004,9006,000 
Other undisclosed liabilities2,686,1802,682,0892,727,8242,751,5972,757,4042,728,685
Total liabilities:2,690,6802,686,6892,732,7242,756,4972,763,4042,728,685
Equity
Equity, attributable to parent246,875245,528242,738246,256242,242239,822
Additional paid in capital192,891192,724192,894192,573191,968191,901
Accumulated other comprehensive loss(649)(753)(1,198)(578)(869)(1,716)
Retained earnings54,63353,55751,04254,26151,14349,637
Total equity:246,875245,528242,738246,256242,242239,822
TOTAL LIABILITIES AND EQUITY:2,937,5552,932,2172,975,4623,002,7533,005,6462,968,507

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues20,41623,27513,91922,53620,55425,689
Net investment income37,13037,49136,97535,43335,24933,483
Revenues, excluding interest and dividends4,8754,9304,7054,8464,6024,635
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(2,680)(699)(9,352)(329)(1,843) 
Gross profit:17,73622,5764,56722,20718,71125,689
Operating expenses(632)(624)11,802(4,618)(4,765)(4,822)
Operating income:17,10421,95216,36917,58913,94620,867
Interest and debt expense(22,276)(22,328)(21,662)(19,715)(17,937)(15,152)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes6,5873,9559366,3486,026(554)
Income (loss) from continuing operations before income taxes:1,4153,579(4,357)4,2222,0355,161
Income tax expense (benefit)(339)(1,064)1,138(1,104)(529)(1,341)
Net income (loss) available to common stockholders, diluted:1,0762,515(3,219)3,1181,5063,820

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):1,0762,515(3,219)3,1181,5063,820
Comprehensive income (loss):1,0762,515(3,219)3,1181,5063,820
Other undisclosed comprehensive income (loss), net of tax, attributable to parent104445(620)291847(199)
Comprehensive income (loss), net of tax, attributable to parent:1,1802,960(3,839)3,4092,3533,621

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: