First Western Financial, Inc. (MYFW) financial statements (2022 and earlier)

Company profile

Business Address 1900 SIXTEENTH ST, #1200
DENVER, CO 80202
State of Incorp. CO
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3851567973
Cash and cash equivalents3851567973
Total current assets:3851567973
Noncurrent Assets
Operating lease, right-of-use asset111110
Property, plant and equipment24556
Intangible assets, net (including goodwill)32242026
Goodwill31242025
Intangible assets, net (excluding goodwill)1001
Deferred income tax assets765
Total noncurrent assets:73474032
Other undisclosed assets2,0691,7711,133979
TOTAL ASSETS:2,5271,9741,2521,084
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt02  
Qualified affordable housing project investments, commitment02  
Total noncurrent liabilities:02  
Other undisclosed liabilities2,3081,8161,124967
Total liabilities:2,3081,8191,124967
Stockholders' equity
Stockholders' equity attributable to parent219155128117
Additional paid in capital189145143141
Accumulated other comprehensive income (loss)01(0)(1)
Retained earnings (accumulated deficit)3010(15)(23)
Total stockholders' equity:219155128117
TOTAL LIABILITIES AND EQUITY:2,5271,9741,2521,084

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues95936458
Gain on disposition of assets for financial service operations1729115
Net investment income61524438
Investment banking revenue20191919
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1)(5)(1)(0)
Gross profit:94886357
Operating expenses(15)(14)(14)(13)
Operating income:79745045
Interest and debt expense(5)(7)(13)(8)
Other undisclosed loss from continuing operations before equity method investments, income taxes(46)(34)(27)(29)
Income from continuing operations before income taxes:2733107
Income tax expense(7)(9)(2)(2)
Net income attributable to parent:212586
Preferred stock dividends and other adjustments   (1)
Net income available to common stockholders, diluted:212584

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:212586
Other comprehensive income (loss) 11(0)
Other undisclosed comprehensive loss(0)   
Comprehensive income, net of tax, attributable to parent:202595

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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