--- title: "First Western Financial | 8-K: FY2026 Q2 Revenue: USD 28.15 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293662129.md" datetime: "2026-07-23T20:19:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293662129.md) - [en](https://longbridge.com/en/news/293662129.md) - [zh-HK](https://longbridge.com/zh-HK/news/293662129.md) --- # First Western Financial | 8-K: FY2026 Q2 Revenue: USD 28.15 M Revenue: As of FY2026 Q2, the actual value is USD 28.15 M. EPS: As of FY2026 Q2, the actual value is USD 0.57, beating the estimate of USD 0.555. EBIT: As of FY2026 Q2, the actual value is USD 7.401 M. #### Net Income Net income available to common shareholders for First Western Financial, Inc. was $5.7 million for the second quarter of 2026 (Q2 2026), compared to $6.2 million in Q1 2026 and $2.5 million in Q2 2025, representing a 129% increase from Q2 2025. #### Net Interest Income Net interest income for Q2 2026 was $21.8 million, an increase of 4.3% from $20.9 million in Q1 2026. This also represents a 21.8% increase from $17.9 million in Q2 2025. #### Net Interest Margin The net interest margin for Q2 2026 increased by 9 basis points to 2.90% from 2.81% in Q1 2026. Compared to Q2 2025, the net interest margin increased by 23 basis points from 2.67%. #### Non-Interest Income Total non-interest income for Q2 2026 was $6.4 million, a decrease of -4.5% from $6.7 million in Q1 2026, primarily due to decreases in Net gain on mortgage loans and Risk management and insurance fees. Relative to Q2 2025, non-interest income increased by $0.1 million from $6.3 million. #### Non-Interest Expense Non-interest expense for Q2 2026 was $21.2 million, an increase of 5.0% from $20.2 million in Q1 2026, driven by increases in Technology and information systems, Data processing, and Marketing, including a $0.4 million nonrecurring charge for capitalized technology assets write-off. Compared to Q2 2025, non-interest expense increased 11.0% from $19.1 million, primarily due to increases in Salaries and employee benefits. Adjusted non-interest expense was $20.8 million for Q2 2026, compared to $20.2 million for Q1 2026 and $19.0 million for Q2 2025. #### Income Before Income Taxes Income before income taxes was $7.4 million for Q2 2026, compared to $8.1 million for Q1 2026 and $3.3 million for Q2 2025. #### Pre-tax, Pre-provision Net Income Pre-tax, pre-provision net income increased by $1.8 million, or 36%, compared to Q2 2025, reaching $6.9 million for Q2 2026, compared to $7.4 million for Q1 2026 and $5.1 million for Q2 2025. #### Provision for Credit Losses First Western Financial, Inc. recorded a provision release of - $0.5 million in Q2 2026, following a provision release of - $0.7 million in Q1 2026, and a provision of $1.8 million in Q2 2025. The Q2 2026 release was driven by decreased reserves on individually analyzed loans and improved economic forecasts. #### Efficiency Ratio The Company’s efficiency ratio was 74.0% in Q2 2026, compared to 73.1% in Q1 2026 and 78.8% in Q2 2025. #### Adjusted Total Income (Gross Revenue) Adjusted total income increased 1.8% from $27.6 million in Q1 2026 to $28.1 million in Q2 2026. For Q2 2025, adjusted total income was $24.2 million. #### Total Loans Held for Investment (HFI) Total loans HFI reached $2.72 billion as of June 30, 2026, an increase of $23.1 million (0.9%) from $2.69 billion as of March 31, 2026. This represents a 6.8% increase from $2.54 billion as of June 30, 2025. #### Total Deposits Total deposits were $2.85 billion as of June 30, 2026, an increase of 0.4% from $2.84 billion as of March 31, 2026. Total deposits increased 12.6% from $2.53 billion as of June 30, 2025. #### Average Noninterest-Bearing Deposits Average noninterest-bearing deposits increased by $17.8 million (5.1%) to $365.3 million in Q2 2026 from $347.5 million in Q1 2026. #### Total Assets Under Management (AUM) AUM was $7.28 billion as of June 30, 2026, an increase of $41 million (0.6%) from $7.23 billion as of March 31, 2026, primarily due to improving market conditions. Compared to June 30, 2025, total AUM decreased 2.9% from $7.50 billion. Investment Agency AUM increased $91 million, or 5.6%, in the quarter and $122 million, or 7.7%, year-over-year. #### Non-Performing Assets Non-performing assets totaled $16.3 million, or 0.50% of total assets, as of June 30, 2026, consistent with March 31, 2026. This is a decrease from $18.8 million, or 0.62% of total assets, as of June 30, 2025. #### Tangible Book Value Per Share Tangible book value per share increased 2.6% from $24.87 in Q1 2026 to $25.53 in Q2 2026. #### Noninterest-bearing Deposits (Period End) Noninterest-bearing deposits increased 0.5% from $380.1 million in Q1 2026 to $381.8 million in Q2 2026. #### Loan Production New loan production in Q2 2026 was $114.7 million, with an average rate of 6.37%. #### Asset Quality First Western Financial, Inc. reported stable non-performing assets and non-accrual loans in Q2 2026, with zero charge-offs for the second consecutive quarter. A provision release of $0.5 million occurred during Q2 2026, and the Allowance for Credit Losses (ACL) to Total loans ratio was 0.75% for Q2 2026, down from 0.77% for Q1 2026. #### Liquidity Funding Sources Total liquidity funding sources amounted to $1.28 billion as of June 30, 2026. #### Loan-to-Deposit Ratio The loan-to-deposit ratio was 95.3% as of June 30, 2026. #### Capital Ratios As of June 30, 2026, the Tier 1 Capital to Risk-Weighted Assets ratio was 9.93%, CET1 to Risk-Weighted Assets was 9.93%, Total Capital to Risk-Weighted Assets was 12.47%, and Tier 1 Capital to Average Assets was 8.06%. #### Outlook First Western Financial, Inc. expects positive trends to continue, including solid loan and deposit growth, and further expansion in net interest margin. The company anticipates more robust business development in Wealth Management, higher mortgage production, and improved operating leverage from revenue growth with disciplined expense control. No meaningful deterioration in asset quality is expected, leading to steady improvement in financial performance and shareholder value creation throughout 2026. ### Related Stocks - [MYFW.US](https://longbridge.com/en/quote/MYFW.US.md) ## Related News & Research - [Tobii schedules Q2 2026 interim report webcast presentation](https://longbridge.com/en/news/296061914.md) - [Apple declares Q3 2026 distribution of R$ 0.05 per unit, payable Aug. 19](https://longbridge.com/en/news/296137926.md) - [Orizon approves 2Q 2026 interim financial statements in board meeting](https://longbridge.com/en/news/295875106.md) - [Eidesvik Offshore to present Q2 2026 results in digital briefing](https://longbridge.com/en/news/295931470.md) - [Jacktel to webcast Q2, H1 2026 results](https://longbridge.com/en/news/296198778.md)