Monitor the Q4 2026 earnings for continued loan and deposit growth momentum and whether non-interest income stabilizes. The sequential improvement in NIM and core banking metrics is encouraging, but the revenue miss and declining fee income warrant attention.
Price Chart
Executive Summary
First Western Financial reported Q3 2026 EPS of $0.60, in-line with consensus, and gross revenue of $28.9M, slightly below the $29.4M consensus. Net interest income grew 5.5% QoQ to $23.0M and NIM expanded 5 bps to 2.95%, but non-interest income fell 9.4% QoQ and the provision swung to a $0.6M expense from a $0.5M release in Q2. The sequential improvement in core banking metrics is positive, but the revenue miss and declining fee income temper the outlook.
Key Financial Metrics
Key Facts
- Q3 2026 EPS of $0.60, in-line with consensus of $0.60
- Gross revenue of $28.9M, below consensus of $29.4M
- Net interest income increased 5.5% QoQ to $23.0M
- Net interest margin expanded 5 bps to 2.95%
- Non-interest income decreased 9.4% QoQ to $5.8M
- Provision for credit losses was $0.6M expense vs $0.5M release in Q2
- Total loans held for investment grew 3.5% QoQ to $2.81B
- Total deposits grew 2.5% QoQ to $2.92B
- Non-performing assets improved to 0.39% of total assets from 0.50% in Q2
Financial Impact
EPS in-line at $0.60; revenue miss of ~$0.5M vs consensus; NII up $1.2M QoQ; non-interest income down $0.6M QoQ
Risk Factors
- Declining non-interest income, particularly mortgage gains and bank fees, could pressure future earnings
- Provision expense swung to a charge from a release, indicating potential credit normalization
- FHLB borrowings increased sharply by $114.5M to fund asset growth, increasing interest expense exposure
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3386936 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $29.98 | awaiting T+60 | — | $29.98 (−0.00%) |
Oct 22, 2026 4d ago | 8-K | $29.98 | awaiting T+60 | — | $29.98 (−0.00%) |
Jul 9, 2026 15w ago | Press Release | $32.78 $30.01 | ▼ −8.45% | ▼ −11.08% | $29.98 (−8.54%) |
Jun 2, 2026 20w ago | 8-K | $28.22 $30.86 | ▲ +9.36% | ▲ +6.86% | $29.98 (+6.24%) |
May 11, 2026 24w ago | Press Release | $28.97 $32.27 | ▲ +11.39% | ▲ +7.00% | $29.98 (+3.49%) |
May 1, 2026 25w ago | 8-K | $28.32 $31.37 | ▲ +10.77% | ▲ +8.91% | $29.98 (+5.86%) |
Apr 23, 2026 26w ago | Press Release | $26.39 $32.70 | ▲ +23.91% | ▲ +18.83% | $29.98 (+13.60%) |
Apr 23, 2026 26w ago | 8-K | $26.39 $32.70 | ▲ +23.91% | ▲ +18.83% | $29.98 (+13.60%) |
Apr 7, 2026 28w ago | Press Release | $26.29 $32.99 | ▲ +25.48% | ▲ +15.03% | $29.98 (+14.04%) |
Mar 6, 2026 33w ago | Press Release | $24.07 $28.83 | ▲ +19.78% | ▲ +6.99% | $29.98 (+24.55%) |
US Market Status
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