First Western Q3 2026 EPS Rises 88% to $0.60 on Margin Expansion and Loan Growth
MYFW sits 37% above its 52-week low of $22.
Summary
First Western reported Q3 2026 net income of $6.0 million, or $0.60 per diluted share, up 88% year-over-year, on a 2.95% net interest margin and 3.5% quarterly loan growth. Non-performing assets fell to 0.39% of total assets.
Key Events · Earnings and Guidance · MYFW
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Q3 EPS Up 88% Year-Over-Year
Net income available to common shareholders was $6.0 million, or $0.60 per diluted share, versus $3.2 million, or $0.32, in Q3 2025 and $5.7 million, or $0.57, in Q2 2026.
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Margin Expansion Drives Net Interest Income
Net interest margin rose 5 basis points to 2.95% from 2.90% in Q2 2026, lifting net interest income 5.5% to $23.0 million from $21.8 million.
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Loan and Deposit Growth Continue
Loans held for investment grew $95.0 million, or 3.5%, to $2.81 billion, and deposits rose $70.0 million, or 2.5%, to $2.92 billion, with noninterest-bearing deposits up 10.2% to $420.6 million.
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Asset Quality Improves
Non-performing assets fell to $13.3 million, or 0.39% of total assets, from $16.3 million, or 0.50%, at June 30, 2026; the allowance for credit losses was 0.74% of total loans.
Analysis · MYFW · Finance
First Western's third quarter showed the operating leverage story continuing: net income of $6.0 million ($0.60 per diluted share) was up 88% from $3.2 million a year ago, with net interest margin at 2.95% — the fourth straight quarterly increase — and net interest income up 5.5% sequentially to $23.0 million. Loans grew $95.0 million (3.5%) in the quarter and deposits $70.0 million, while non-performing assets fell to 0.39% of total assets from 0.50%. The offset is that non-interest income slipped 9.4% on weaker mortgage gains and bank fees, and the sequential EPS gain was modest ($0.57 to $0.60) because the provision swung from a $0.5 million release to a $0.6 million expense. Management's outlook calls for continued loan and deposit growth and further margin expansion with no meaningful asset-quality deterioration.
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At the time of this filing, MYFW was trading at $30.14 on NASDAQ in the Finance sector, with a market capitalization of approximately $294.3M. The 52-week trading range was $22.00 to $34.36. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.