Q4 2025 First Western Financial Inc Earnings Call Transcript
Key Points
- First Western Financial Inc (MYFW) reported an increase in net income to $3.3 million or $0.34 per diluted share in the fourth quarter, higher than the previous quarter.
- The company achieved a 1.6% increase in tangible book value per share due to prudent balance sheet management.
- Loan production was strong, with $146 million in new loans during the fourth quarter, diversified across commercial real estate and other sectors.
- Total deposits increased by $102 million from the previous quarter, demonstrating successful new deposit relationships.
- Net interest income increased by 5.6% from the prior quarter and 21.7% from the fourth quarter of 2024, driven by an improved net interest margin.
- The company had to write down the value of an OREO property, reducing earnings per share by $0.10 after tax in the fourth quarter.
- Non-interest income decreased by approximately $800,000 from the prior quarter due to a decline in mortgage loan sales and risk management fees.
- Assets under management decreased by $155 million in the fourth quarter, primarily due to net withdrawals in low-fee and fixed-fee product categories.
- Non-interest expense increased by $1.2 million from the prior quarter, impacted by a one-time $1.4 million writedown on an OREO property.
- The company faces a competitive market environment, with pressure on pricing for loans and deposits.
Good day and thank you for standing by. Welcome to the first Western Financial Fourth quarter 2025 earnings conference call. At this time, all participants are listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask the question during the session, you'll need to press 11 on your telephone. You'll then hear automated message advising your hand is raised. To withdraw your question, please press 11 again. Please be advised that today's conference be recorded. All right, to hand the conference over to your first speaker today, Tony Rossi. Please go ahead.
Thank you, Marvin. Good morning, everyone, and thank you for joining us today for First Western Financial's fourth quarter 2025 earnings call. Joining us from First Western's management team are Scott Wiley, Chairman and Chief Executive Officer, Julie Corkamp, Chief Operating Officer, and David Weber, Chief Financial Officer. We will use a slide presentation as part of our discussion this morning. If you've
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