First Western Financial (NASDAQ: MYFW) reported third-quarter 2026 net income of $6.0 million, up 88% from $3.2 million a year earlier, with diluted EPS of $0.60. Net interest income rose 5.5% to $23.0 million, and the net interest margin reached 2.95%, five basis points higher than the prior quarter. Total loans held for investment grew 3.5% to $2.81 billion and total deposits rose 2.5% to $2.92 billion, led by non-interest-bearing and money market accounts; the non-performing asset ratio fell to 0.39%. Management said it added 14 senior hires from FirstBank and expects about 10% loan growth for full-year 2026. Risks cited include a sharp fall in mortgage production as rising rates reduced residential loan demand, and a two-basis-point rise in the cost of funds to 2.88%.
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Original headline: First Western ( MYFW ) Q3 2026 Earnings Call Transcript
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