First Western Financial, Inc. (MYFW) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7973
Cash and cash equivalents7973
Total current assets:7973
Noncurrent Assets
Operating lease, right-of-use asset10
Property, plant and equipment56
Intangible assets, net (including goodwill)2026
Goodwill2025
Intangible assets, net (excluding goodwill)01
Deferred income tax assets5
Total noncurrent assets:4032
Other undisclosed assets1,133979
TOTAL ASSETS:1,2521,084
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,124967
Total liabilities:1,124967
Stockholders' equity
Stockholders' equity attributable to parent128117
Additional paid in capital143141
Accumulated other comprehensive loss(0)(1)
Accumulated deficit(15)(23)
Total stockholders' equity:128117
TOTAL LIABILITIES AND EQUITY:1,2521,084

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
Revenues6458
Gain on disposition of assets for financial service operations115
Net investment income4438
Investment banking revenue1919
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1)(0)
Gross profit:6357
Operating expenses(14)(13)
Operating income:5045
Interest and debt expense(13)(8)
Other undisclosed loss from continuing operations before equity method investments, income taxes(27)(29)
Income from continuing operations before income taxes:107
Income tax expense(2)(2)
Net income attributable to parent:86
Preferred stock dividends and other adjustments (1)
Net income available to common stockholders, diluted:84

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
Net income:86
Other comprehensive income (loss)1(0)
Comprehensive income, net of tax, attributable to parent:95

Statements sources

The financial statements are based on the company's filings with the 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.

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