Monitor for sustained net interest margin expansion and loan growth in upcoming quarters; the provision release suggests improving credit quality, which could support further EPS growth if maintained.
Price Chart
Executive Summary
First Western Financial reported strong first-quarter 2026 results with diluted EPS of $0.63, a significant beat of $0.44 consensus, driven by a 10 basis point net interest margin expansion, improved asset quality, and a $0.7 million provision release. Loan and deposit growth remained solid, and the company raised tangible book value per share by 3.3%.
Key Financial Metrics
Key Facts
- Diluted EPS of $0.63 vs. $0.44 consensus (43% beat)
- Net income of $6.2 million, up 87% from Q4 2025
- Net interest margin increased 10 bps to 2.81%
- Provision release of $0.7 million vs. $0.9 million provision in prior quarter
- Total deposits grew 3.5% to $2.84 billion
- Tangible book value per share increased 3.3% to $24.87
Financial Impact
EPS beat of $0.19 (43%) and revenue in line with prior quarter's $26.7M; net interest income up 1.5% to $20.9M
Risk Factors
- Future EPS growth may slow if short-term rates stabilize or rise, affecting deposit cost management
- Concentration risk in Western U.S. real estate markets
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-026845 |
| Document: myfw-20260423xex992a01.htm | 0001628280-26-026845 |
| Document: myfw-20260423.htm | 0001628280-26-026845 |
| Document: 0001628280-26-026845-index-headers.html | 0001628280-26-026845 |
| Document: 0001628280-26-026845-index.html | 0001628280-26-026845 |
| Document: 0001628280-26-026845.txt | 0001628280-26-026845 |
| 8-K Data (Synthetic) | 0001628280-26-026845 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | Press Release | $30.14 | awaiting T+60 | — | $30.40 (+0.86%) |
Oct 22, 2026 3d ago | 8-K | $30.14 | awaiting T+60 | — | $30.40 (+0.86%) |
Jul 9, 2026 15w ago | Press Release | $32.78 $30.01 | ▼ −8.45% | ▼ −11.08% | $30.40 (−7.26%) |
Jun 2, 2026 20w ago | 8-K | $28.22 $30.86 | ▲ +9.36% | ▲ +6.86% | $30.40 (+7.73%) |
May 11, 2026 24w ago | Press Release | $28.97 $32.27 | ▲ +11.39% | ▲ +7.00% | $30.40 (+4.94%) |
May 1, 2026 25w ago | 8-K | $28.32 $31.37 | ▲ +10.77% | ▲ +8.91% | $30.40 (+7.34%) |
Apr 23, 2026 26w ago | Press Release | $26.39 $32.70 | ▲ +23.91% | ▲ +18.83% | $30.40 (+15.20%) |
Apr 23, 2026 26w ago | 8-K | $26.39 $32.70 | ▲ +23.91% | ▲ +18.83% | $30.40 (+15.20%) |
Apr 7, 2026 28w ago | Press Release | $26.29 $32.99 | ▲ +25.48% | ▲ +15.03% | $30.40 (+15.63%) |
Mar 6, 2026 33w ago | Press Release | $24.07 $28.83 | ▲ +19.78% | ▲ +6.99% | $30.40 (+26.30%) |
US Market Status
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