First Western Financial

Q2 FY2026 EarningsQ2 FY26 net income reached $5.7M, or $0.57 per diluted share, up 128.9% YoY but down 7.7% QoQ. Net interest income grew to $21.8M (up 21.8% YoY), supported by a NIM expansion of 23bps YoY to 2.90%. Average noninterest-bearing deposits increased 5.1% QoQ, representing a favorable funding mix shift. Efficiency ratio improved to 74.03% from 78.83% YoY, despite a nonrecurring technology write-off.