First Western Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 net income $6.0 million, or $0.60 per diluted share
- ➤Net interest income increased 5.5% to $23.0 million sequentially
- ➤Net interest margin rose five basis points to 2.95%
- ➤Loans grew 3.5% to $2.81 billion; deposits increased 2.5% to $2.92 billion
- ➤Non-performing assets declined to $13.3 million, or 0.39% of total assets
Expert Statements
Scott C. Wylie, CEO of First Western
“Our third quarter results demonstrate continued execution and progress across our business, underscored by strong loan and deposit growth, accelerating loan production, further expansion in our net interest margin and disciplined expense management. Healthy client demand in our markets drove robust loan growth during the quarter, while continued growth in noninterest-bearing deposits reflects the strength of our relationship-based banking model and our ongoing focus on improving our funding mix. Together, these trends contributed to strong growth in net interest income and pre-provision net revenue, while asset quality remained stable.”
Scott C. Wylie, CEO of First Western
“We remain encouraged by the strength of our loan pipeline and the opportunities we see across our markets. With continued momentum in our core banking franchise, disciplined expense management and a strong balance sheet, we believe we are well positioned to continue improving profitability and creating long-term value for our shareholders.”
Third Quarter 2026 Summary * Net income available to common shareholders of $6.0 million, or $0.60 per diluted share, in Q3 2026, compared to $5.7 million, or $0.57 per diluted share, in Q2 2026 * Pre-tax, pre-provision net income increased 14.5% from $6.9 million in Q2 2026 to $7.9 million in Q3 2026 * Net interest margin increased 5 basis points from 2.90% in Q2 2026 to 2.95% in Q3 2026 * Net interest income increased $1.2 million, or 5.5%, from $21.8 million in Q2 2026 to $23.0 million in Q3 2026 * Total loans held for investment increased $95.0 million, or 3.5%, from $2.72 billion in Q2 2026 to $2.81 billion in Q3 2026 * Total deposits increased $70.0 million, or 2.5%, from $2.85 billion in Q2 2026 to $2.92 billion in Q3 2026 DENVER, Oct. 22, 2026 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (“First Western” or the “Company”) (NASDAQ: MYFW), today reported financial results for the third quarter ended September 30, 2026.
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