MYFW

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved significant net income growth driven by disciplined balance sheet management and net interest margin (NIM) expansion of 9 basis points this quarter. Capitalized on regional M&A disruption to recruit 12 new front-office and 8 product group professionals, positioning the firm to capture displaced clients and talent. Shifted organizational culture toward proactive sales, resulting in an 88% year-over-year increase in client calls and a 180% increase in trust officer outreach. Maintained a conservative credit posture with zero loan charge-offs for the second consecutive quarter, supported by underwriting that requires three sources of repayment. Prioritized relationship-based lending and pricing discipline, achieving new loan production rates of 6.37%, which exceeded the average payoff rate of 5.89%. Restructured the trust and investment management team to focus on growth, contributing to a 5.1% increase in fees compared to the second quarter of 2020. Management is evaluating a strategic trade-off between further NIM expansion and accelerated asset growth to maximize shareholder value in the second half of 2026. Anticipates continued improvement in financial performance driven by strong loan and deposit pipelines and increased operating leverage. Expects quarterly noninterest expenses to stabilize between $20 million and $21 million, accounting for new production hires and potential incentive compensation. Projects a stable and healthy credit outlook based on current portfolio trends and client feedback, with expected improvements in nonperforming assets (NPAs) during Q3. Assumes a slightly liability-sensitive balance sheet where a 25-basis-point Fed rate cut would provide a modest 1 to 2 basis point benefit to NIM. Recorded a $0.4 million nonrecurring charge related to the write-off of previously capitalized technology assets, impacting diluted EPS by $0.03. Noted intense price competition on loans from competitors defending market share, leading the firm to pass on deals with unattractive spreads (e.g., 125 bps over Treasuries). Observed a seasonal 2% deposit shrinkage in April that was successfully reversed through focused core deposit growth initiatives in May and June. Released $0.5 million in loan loss provisions due to improved portfolio trends and stable asset quality. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management explained that 5 basis points of NIM improvement per quarter combined with $130 million in quarterly growth is their current strategic midpoint. They may 'back off' the pace of NIM improvement to be more competitive on pricing and drive faster asset growth given the current market disruption. The firm has added 20 new staff members this year and implemented a specialized 'activation program' to accelerate the productivity of new client-facing hires. While expenses are rising due to headcount, management highlighted a 3-to-1 ratio of revenue growth to core expense growth over the last three years. The spot rate for deposits was 2.8% at June 30, with management noting that the cost of new deposit acquisition has increased due to competitive pressures. Future margin benefits are expected to come from improving the deposit mix toward noninterest-bearing accounts rather than repricing the time deposit portfolio.

This article first appeared on GuruFocus. Net Income: $6.7 million or $0.57 per diluted share, 129% and 119% higher respectively than the year-ago period. Tangible Book Value Per Share: Increased by 2.6% to $25.53. Loan Production: $115 million in the second quarter, with an average rate of 6.37%. Total Loans: Increased 7% year-over-year. Total Deposits: Increased 12.6% year-over-year. Non-Interest-Bearing Deposits: Increased $18 million or 5.1% in the quarter. Assets Under Management: Increased by $41 million in the second quarter. Gross Revenue: Increased 1.8% from the prior quarter and 16% from the second quarter of 2025. Net Interest Income: Increased 4.3% from the prior quarter. Net Interest Margin: Increased 9 basis points from the prior quarter to 2.9%. Non-Interest Income: Decreased by $0.3 million from the prior quarter. Non-Interest Expense: Increased by $1 million from the prior quarter. Efficiency Ratio: 74.03% compared to 73.11% last quarter and 78.83% in the second quarter of 2025. Allowance Coverage: 75 basis points of total loans. Warning! GuruFocus has detected 6 Warning Sign with MYFW. Is MYFW fairly valued? Test your thesis with our free DCF calculator. Release Date: July 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. First Western Financial Inc (NASDAQ:MYFW) reported a significant increase in net income, reaching $6.7 million or $0.57 per diluted share, which is 129% higher than the previous year. The company achieved a 2.6% increase in tangible book value per share, reaching $25.53. Loan production remained strong with $115 million in new loans, diversified across various markets and loan types. Total deposits increased by 12.6% year-over-year, with a notable rise in non-interest-bearing deposits by 5.1% in the quarter. The company maintained stable asset quality with no loan charge-offs for the second consecutive quarter and a release of provision of $0.5 million. Non-interest income decreased by $0.3 million from the prior quarter, primarily due to lower origination volume in mortgage loans and decreased risk management and insurance fees. Non-interest expense increased by $1 million from the prior quarter, partly due to a $400,000 non-recurring charge related to technology assets. The efficiency ratio increased to 74.03% from 73.11% in the previous quarter, indicating higher operational costs. The company faces strong price competition on loans, impacting its ability to grow loan volumes without compromising on pricing discipline. Deposit acquisition costs have increased due to market disruptions, making it challenging to reduce overall deposit costs. Q: Can you provide more details on the loan and deposit growth for the second half of the year? A: Scott Wylie, CEO, explained that the company has seen balanced loan production and is benefiting from market disruptions. They are maintaining discipline in pricing and terms, which has led to a net interest margin (NIM) improvement. The company is considering a trade-off between NIM improvement and asset growth, aiming for better growth in the second half of the year. Q: How is the company taking advantage of market disruptions in terms of hiring and expenses? A: Scott Wylie noted that they have added 12 new front-office staff and 8 in product groups, with 10 being direct salespeople. They have implemented programs to accelerate new hires' productivity and have increased proactive client calls significantly. Julie Courkamp, COO, added that they have a program to help new hires quickly understand the company's products and culture. Q: What is the outlook for expenses in the upcoming quarter? A: Scott Wylie mentioned that Q2 had some one-time expenses related to technology and data processing. They expect higher expenses in Q3 due to new hires and potential incentive compensation from growth. David Weber, CFO, added that there is no specific seasonality in Q3 expenses, but dynamics like hiring and incentive comp could cause fluctuations. Q: What are your thoughts on deposit costs and competition in the current environment? A: David Weber stated that the cost of deposit acquisition has increased due to market disruptions, but they haven't seen pressure from existing depositors on rates. The focus is on improving the mix of deposits, particularly non-interest-bearing deposits, rather than changing rates. Q: How do you expect interest rate changes to affect your margin expectations? A: Scott Wylie explained that they maintain a relatively neutral balance sheet profile, slightly leaning liability sensitive. A 25 basis-point rate increase would have a minimal impact, potentially benefiting them by 1 to 2 basis points in net interest margin. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in First Western Financial, Inc.? Here are five stocks we like better. First Western Financial posted strong Q2 2026 results, with net income of $6.7 million and diluted EPS of $0.57, both sharply higher year over year. Tangible book value per share also rose to $25.53. Loan and deposit growth continued to support the business, with loans up for a fifth straight quarter and deposits rising 12.6% from a year ago. Management said pricing competition remains a challenge, though it may become more flexible to drive asset growth. Margins improved and credit stayed stable, as net interest margin expanded to 2.9% and no loan charge-offs were recorded for the second consecutive quarter. Expenses rose due to technology-related charges, but credit quality remained solid and the company released $500,000 from reserves. First Western Financial (NASDAQ:MYFW) reported second-quarter 2026 net income of $6.7 million, or $0.57 per diluted share, as deposit growth, net interest margin expansion and stable credit quality supported profitability. Net income was 129% higher than in the year-earlier quarter, while diluted earnings per share increased 119%, Chairman and Chief Executive Officer Scott Wylie said during the company’s earnings call. Tangible book value per share rose 2.6% during the quarter to $25.53. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? “We executed well in the second quarter and saw positive trends in many areas, including deposit growth, net interest margin expansion, well-managed expenses, and stable asset quality,” Wylie said. Loans held for investment increased $23 million from the first quarter, marking the company’s fifth consecutive quarter of loan growth, according to Chief Operating Officer Julie Courkamp. Total loans increased 7% from a year earlier. → GE Vernova Just Sent a Mixed AI Signal to Investors Second-quarter new loan production totaled $115 million and was diversified across markets and loan types, with an emphasis on relationship-based lending. The average rate on new loan production was 6.37%, up six basis points from the prior quarter and above the 5.89% average rate on loan payoffs during the period. Wylie said the company experienced approximately $100 million in quarterly loan payoffs and paydowns. While production exceeded that amount, he said it was not sufficient to generate the degree of balance-sheet growth management had anticipated. → D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? Management cited competition in its markets, particularly on loan pricing, as a factor in its growth outlook. Wylie said First Western has chosen to remain disciplined on pricing and loan terms, though the company may become “a little more competitive” during the second half to support asset growth. Total deposits rose from the end of the first quarter and were up 12.6% year over year. Growth in money-market accounts was partly offset by lower time deposits. Average non-interest-bearing deposits increased $18 million, or 5.1%, during the quarter. Chief Financial Officer David Weber said the company’s spot deposit cost was 2.8% at June 30. He said First Western has not seen significant rate pressure from its existing depositors, but the cost of acquiring new deposits has increased as banks compete to retain deposits amid market disruption. The company’s time-deposit portfolio carried a 3.64% spot rate, Weber said, adding that management sees limited remaining opportunity for lower repricing rates in that portfolio. Courkamp said the principal opportunity for further funding-cost improvement is expanding the proportion of non-interest-bearing deposits. Gross revenue increased 1.8% from the prior quarter and 16% from the second quarter of 2025. The sequential increase primarily reflected higher net interest income, partially offset by lower non-interest income. Net interest income rose 4.3% sequentially, aided by a higher net interest margin and the quarter’s higher day count. Net interest margin expanded nine basis points from the first quarter to 2.9%. Weber said the margin improvement reflected a four-basis-point increase in the yield on interest-earning assets, driven by a shift toward higher-yielding loans, as well as a four-basis-point decline in funding costs from improved funding mix and lower time-deposit rates. Net interest income increased 21.7% from a year earlier, supported by a 23-basis-point year-over-year expansion in net interest margin and higher average interest-earning assets. Management said margin expansion could continue, although it is weighing the trade-off between further margin gains and faster balance-sheet growth. Wylie said a more flexible approach to loan pricing could help the company generate stronger asset growth in the third quarter. Trust and investment management assets under management increased $41 million during the second quarter, primarily because of improved market conditions. Investment agency assets under management rose $91 million sequentially and $122 million year over year. Trust and investment management fees increased 5.1% from the second quarter of 2025, Courkamp said. Non-interest income declined $0.3 million from the first quarter. The decrease was primarily attributed to lower gains on sales of mortgage loans amid lower origination volume and higher mortgage rates, as well as lower risk management and insurance fees. Those declines were partly offset by higher bank fees. Non-interest expense increased $1 million sequentially, reflecting higher technology and information systems, data processing and marketing expenses. Weber said the increase included a $400,000 nonrecurring charge for the write-off of certain previously capitalized technology assets, reducing diluted earnings per share by $0.03. The efficiency ratio was 74.03%, compared with 73.11% in the first quarter and 78.83% a year earlier. Management expects quarterly non-interest expense of $20 million to $21 million going forward, compared with its prior $19 million to $20 million range, reflecting investments in newly hired production personnel. On credit quality, the company reported no loan charge-offs for the second consecutive quarter. Non-accrual loans and nonperforming assets were relatively flat sequentially, while allowance coverage stood at 75 basis points of total loans. Improved portfolio trends led to a $500,000 provision release during the quarter. Wylie said the company expects continued financial improvement in the second half, citing healthy economic conditions in its markets, strong loan and deposit pipelines, anticipated fee-income improvement and continued expense discipline. He also said ongoing merger-and-acquisition activity in the company’s markets is creating opportunities to add banking, trust and investment-management talent and attract new clients. First Western Financial, Inc (NASDAQ: MYFW) is a Denver-based bank holding company that, through its principal subsidiary First Western Trust, delivers a suite of personalized financial services. The company's core activities center on wealth management and trust administration for high-net-worth individuals, families and institutions. In addition, First Western Financial offers a comprehensive range of deposit products—such as checking accounts, savings accounts, money market funds and certificates of deposit—designed to meet the liquidity and income needs of its clients. Complementing its deposit offerings, First Western Financial provides fiduciary and investment management services, including estate planning, charitable giving strategies and multi-generational wealth transfer. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "First Western Financial Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Second Quarter 2026 Summary Net income available to common shareholders of $5.7 million, or $0.57 per diluted shares, in Q2 2026 Net interest income increased $0.9 million, or 4.3%, from $20.9 million in Q1 2026 to $21.8 million in Q2 2026 Net interest margin increased 9 basis points from 2.81% in Q1 2026 to 2.90% in Q2 2026 Average noninterest-bearing deposits increased $17.8 million, or 5.1%, from $347.5 million in Q1 2026 to $365.3 million in Q2 2026 DENVER, July 23, 2026 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (“First Western” or the “Company”) (NASDAQ: MYFW), today reported financial results for the second quarter ended June 30, 2026. Net income available to common shareholders was $5.7 million, or $0.57 per diluted share, for the second quarter of 2026. This compares to net income of $6.2 million, or $0.63 per diluted share, for the first quarter of 2026, and net income of $2.5 million, or $0.26 per diluted share, for the second quarter of 2025. Scott C. Wylie, CEO of First Western, commented, “Our second quarter performance reflected continued execution across the franchise, highlighted by growth in net interest income, expansion in our net interest margin, disciplined expense management, stable asset quality, and positive noninterest-bearing deposit trends. Healthy economic activity across our markets continues to support high quality loan demand, while our focus on relationship-based banking is helping us steadily expand our deposit base. Coupled with careful balance sheet management, these efforts contributed to further growth in both book value and tangible book value per share during the quarter. “Supported by strong loan and deposit pipelines and favorable trends across our business, we are well positioned to build on our momentum and continue delivering attractive financial performance and long-term value for our shareholders throughout 2026,” said Mr. Wylie. Operating Results for the Second Quarter 2026 Revenue Total income before non-interest expense was $28.6 million for the second quarter of 2026, an increase of 1.1% from $28.3 million for the first quarter of 2026. Gross revenue(1) was $28.1 million for the second quarter of 2026, an increase of 1.8% from $27.6 million for the first quarter of 2026. Relative to the first quarter of 2026, the increase in Total income before non-interest expense was primarily driven by an increase in Net interest income, partially offset by a decrease in Non-interest income. Relative to the second quarter of 2025, Total income before non-interest expense increased 27.7% from $22.4 million and Gross revenue increased 16.1% from $24.2 million. Relative to the second quarter of 2025, the increase in Total income before non-interest expense was primarily driven by an increase in Net interest income and a decrease in Provision for credit losses. Net Interest Margin Net interest margin for the second quarter of 2026 increased 9 basis points to 2.90% from 2.81% reported in the first quarter of 2026, primarily due to a decrease in cost of funds and an improved mix shift in average interest-earning assets. The yield on interest-earning assets increased 4 basis points to 5.58% from 5.54% reported in the first quarter of 2026, while the cost of funds decreased 4 basis points to 2.86% from 2.90% reported in the first quarter of 2026. The increase in yield on interest-earning assets was primarily driven by an improved mix shift in average interest-earning assets as a result of increases in average debt security and loan balances in the quarter, and an increase in loan yields. The decrease in cost of funds was primarily driven by an improved mix shift in average deposits as a result of an increase in average noninterest-bearing deposits, and lower rates on time deposit accounts. Relative to the second quarter of 2025, net interest margin increased 23 basis points from 2.67%, primarily due to a 26 basis point decrease in cost of funds, partially offset by a 2 basis point decrease in yield on interest-earning assets. Net Interest Income Net interest income for the second quarter of 2026 was $21.8 million, an increase of 4.3% from $20.9 million for the first quarter of 2026. The increase quarter-over-quarter was primarily driven by a 9 basis point increase in net interest margin and an increase in day count. Relative to the second quarter of 2025, Net interest income increased 21.8% from $17.9 million. The increase compared to the second quarter of 2025 was primarily driven by an increase in average interest-earning assets and a 23 basis point increase in net interest margin. Non-interest Income Non-interest income for the second quarter of 2026 was $6.4 million, a decrease of 4.5% from $6.7 million in the first quarter of 2026. The decrease was primarily driven by decreases in Net gain on mortgage loans and Risk management and insurance fees, partially offset by an increase in Bank fees. The decrease in Net gain on mortgage loans was driven by lower origination volume, while the decrease in Risk management and insurance fees was primarily driven by smaller case size. The increase in Bank fees was driven by increases in prepayment penalty and swap fees. Relative to the second quarter of 2025, Non-interest income increased $0.1 million, primarily driven by increases in Trust and investment management fees and Bank fees, offset by a decrease in Net gain on mortgage loans. The increase in Trust and investment management fees was primarily driven by increases in fee income from Investment Agency and Managed Trust accounts. The increase in Bank fees was driven by increases in prepayment penalty and swap fees. The decrease in Net gain on mortgage loans was primarily driven by lower margins. Non-interest Expense Non-interest expense for the second quarter of 2026 was $21.2 million, an increase of 5.0% from $20.2 million in the first quarter of 2026. The increase was primarily driven by increases in Technology and information systems, Data processing, and Marketing. The increase in Technology and information systems was primarily attributable to a $0.4 million nonrecurring charge related to the write-off of certain previously capitalized technology assets. Relative to the second quarter of 2025, Non-interest expense increased 11.0% from $19.1 million, primarily driven by an increase in Salaries and employee benefits due to an increase in headcount and bonus accruals. The Company’s efficiency ratio(1) was 74.0% in the second quarter of 2026, compared to 73.1% in the first quarter of 2026 and 78.8% in the second quarter of 2025. Income Taxes The Company recorded Income tax expense of $1.7 million for the second quarter of 2026, compared to $1.9 million for the first quarter of 2026, and $0.8 million for the second quarter of 2025. Loans Total loans held for investment were $2.72 billion as of June 30, 2026, an increase of $23.1 million, or 0.9%, from $2.69 billion as of March 31, 2026. Changes in the quarter included growth in the 1-4 family residential and Cash, securities, and other portfolios. Relative to the second quarter of 2025, total loans held for investment increased 6.8% from $2.54 billion as of June 30, 2025, primarily driven by growth in Non-owner occupied commercial real estate, 1-4 family residential, Owner occupied commercial real estate, and Cash, securities, and other portfolios, partially offset by a decrease in the Construction and development portfolio. 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. The increase was primarily driven by an increase in money market deposit accounts, partially offset by a decrease in time deposit accounts. Relative to the second quarter of 2025, Total deposits increased 12.6% from $2.53 billion as of June 30, 2025, primarily driven by increases in money market deposit accounts and Noninterest-bearing accounts, partially offset by a decrease in time deposit accounts. Borrowings Federal Home Loan Bank (“FHLB”) borrowings were $36.4 million as of June 30, 2026, a decrease of $13.6 million from $50.0 million as of March 31, 2026. The decrease when compared to March 31, 2026 was primarily driven by the pay down of FHLB borrowings. Relative to the second quarter of 2025, borrowings decreased $127.0 million from $163.4 million as of June 30, 2025 driven by the pay down of FHLB borrowings. Subordinated notes were $44.8 million as of June 30, 2026 and March 31, 2026. Subordinated notes increased $0.1 million from $44.7 million as of June 30, 2025. Assets Under Management Assets Under Management (“AUM”) was $7.28 billion as of June 30, 2026, an increase of $41 million, or 0.6%, from $7.23 billion as of March 31, 2026. The increase in AUM during the quarter was primarily attributable to improving market conditions. Compared to June 30, 2025, total AUM decreased 2.9% from $7.50 billion primarily attributable to net withdrawals in fixed-fee accounts. Credit Quality Non-performing assets totaled $16.3 million, or 0.50%, of Total assets as of June 30, 2026 and March 31, 2026. As of June 30, 2025, non-performing assets totaled $18.8 million, or 0.62%, of Total assets. Relative to the second quarter of 2025, the decrease in non-performing assets was primarily driven by the sale of an OREO property in the first quarter of 2026, pay downs, and a charge-off, partially offset by additions to non-accrual loans. Non-accrual loans totaled $16.3 million as of June 30, 2026 and March 31, 2026. As of June 30, 2025, non-accrual loans totaled $14.4 million. Relative to the second quarter of 2025, the increase was primarily driven by additions to non-accrual loans, partially offset by pay downs and a charge-off. During the second quarter of 2026, the Company recorded a provision release of $0.5 million, compared to a provision release of $0.7 million in the first quarter of 2026, and provision of $1.8 million in the second quarter of 2025. The release of $0.5 million in the second quarter of 2026 was primarily driven by decreased reserves on individually analyzed loans and a decrease in general reserves due to improved economic forecasts. As of June 30, 2026 and March 31, 2026, the Allowance for credit losses as a percentage of Total loans was 75 basis points and 77 basis points, respectively. Capital As of June 30, 2026, First Western (“Consolidated”) and First Western Trust Bank (“Bank”) exceeded the minimum capital levels required by their respective regulators. As of June 30, 2026, the Bank was classified as “well capitalized,” as summarized in the following table: Book value per common share increased 2.2% from $28.10 as of March 31, 2026 to $28.73 as of June 30, 2026. Book value per common share increased 7.8% from $26.64 as of June 30, 2025. Tangible book value per common share(1) increased 2.7% from $24.87 as of March 31, 2026 to $25.53 as of June 30, 2026. Tangible book value per common share increased 9.1% from $23.39 as of June 30, 2025. Conference Call, Webcast and Slide Presentation The Company will host a conference call and webcast at 10:00 a.m. MT/ 12:00 p.m. ET on Friday, July 24, 2026. Telephone access: https://register-conf.media-server.com/register/BI620e7cc229a04eecacb0dc725f48f6cf A slide presentation relating to the second quarter 2026 results will be accessible prior to the scheduled conference call. The slide presentation and webcast of the conference call can be accessed on the Events and Presentations page of the Company’s investor relations website at https://myfw.gcs-web.com. About First Western First Western is a financial services holding company headquartered in Denver, Colorado, with operations in Colorado, Arizona, Wyoming, California, and Montana. First Western and its subsidiaries provide a fully integrated suite of wealth management services on a private trust bank platform, which includes a comprehensive selection of deposit, loan, trust, wealth planning and investment management products and services. First Western’s common stock is traded on the Nasdaq Global Select Market under the symbol “MYFW.” For more information, please visit www.myfw.com. Non-GAAP Financial Measures Some of the financial measures included in this press release are not measures of financial performance recognized in accordance with generally accepted accounting principles in the United States (“GAAP”). These non-GAAP financial measures include “Tangible Common Equity,” “Tangible Common Book Value per Share,” “Return on Tangible Common Equity,” “Efficiency Ratio,” and “Gross Revenue”. The Company believes these non-GAAP financial measures provide both management and investors a more complete understanding of the Company’s financial position and performance. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures. Not all companies use the same calculation of these measures; therefore, this presentation may not be comparable to other similarly titled measures as presented by other companies. Reconciliation of non-GAAP financial measures to GAAP financial measures are provided at the end of this press release. Forward-Looking Statements Statements in this news release regarding our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business and markets are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “position,” “outlook,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” The forward-looking statements in this news release are based on current information and on assumptions that we make about future events and circumstances that are subject to a number of risks and uncertainties that are often difficult to predict and beyond our control. As a result of those risks and uncertainties, our actual financial results in the future could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this news release and could cause us to make changes to our future plans. Those risks and uncertainties include, without limitation, the risk of geographic concentration in Colorado, Arizona, Wyoming, California, and Montana; the risk of changes in the economy affecting real estate values and liquidity; the risk in our ability to continue to originate residential real estate loans and sell such loans; risks specific to commercial loans and borrowers; the risk of claims and litigation pertaining to our fiduciary responsibilities; the risk of changes in interest rates could reduce our net interest margins and Net interest income; increased credit risk, including as a result of deterioration in economic conditions, could require us to increase our allowance for credit losses and could have a material adverse effect on our results of operations and financial condition; the risk in our ability to maintain a strong core deposit base or other low-cost funding sources. Additional information regarding these and other risks and uncertainties to which our business and future financial performance are subject is contained in our Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on February 27, 2026 (“Form 10-K”), and other documents we file with the SEC from time to time. We urge readers of this news release to review the “Risk Factors” section our Form 10-K and any updates to those risk factors set forth in our subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and our other filings with the SEC. Also, our actual financial results in the future may differ from those currently expected due to additional risks and uncertainties of which we are not currently aware or which we do not currently view as, but in the future may become, material to our business or operating results. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this news release, which speak only as of today’s date, or to make predictions based solely on historical financial performance. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. Contacts:Financial Profiles, Inc.Lisa [email protected]@myfw.com

First Western (MYFW) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.79%. A quarter ago, it was expected that this company would post earnings of $0.44 per share when it actually produced earnings of $0.63, delivering a surprise of +43.18%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. First Western, which belongs to the Zacks Banks - Midwest industry, posted revenues of $28.15 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.88%. This compares to year-ago revenues of $24.19 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. First Western shares have added about 20.9% since the beginning of the year versus the S&P 500's gain of 9.6%. While First Western has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First Western was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.61 on $29.6 million in revenues for the coming quarter and $2.44 on $115.7 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. FirstSun Capital (FSUN), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 27. This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of -81.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. FirstSun Capital's revenues are expected to be $183.95 million, up 72.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Western Financial, Inc. (MYFW) : Free Stock Analysis Report FirstSun Capital Bancorp (FSUN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects German American Bancorp (GABC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This financial services holding company is expected to post quarterly earnings of $0.92 per share in its upcoming report, which represents a year-over-year change of +7%. Revenues are expected to be $98.43 million, up 9.5% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.35% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For German American Bancorp, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.54%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that German American Bancorp will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that German American Bancorp would post earnings of $0.9 per share when it actually produced earnings of $0.88, delivering a surprise of -2.22%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. German American Bancorp appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Banks - Midwest industry, First Western (MYFW), is soon expected to post earnings of $0.56 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +115.4%. This quarter's revenue is expected to be $28.4 million, up 17.4% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for First Western has remained unchanged. Nevertheless, the company now has an Earnings ESP of +0.90%, reflecting a higher Most Accurate Estimate. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that First Western will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report German American Bancorp, Inc. (GABC) : Free Stock Analysis Report First Western Financial, Inc. (MYFW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Commerce Bancshares (CBSH) came out with quarterly earnings of $1.1 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.77%. A quarter ago, it was expected that this bank holding company would post earnings of $0.94 per share when it actually produced earnings of $0.96, delivering a surprise of +2.13%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Commerce, which belongs to the Zacks Banks - Midwest industry, posted revenues of $498.91 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.24%. This compares to year-ago revenues of $445.76 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Commerce shares have added about 11.1% since the beginning of the year versus the S&P 500's gain of 10.6%. While Commerce has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Commerce was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.06 on $492.59 million in revenues for the coming quarter and $4.15 on $1.96 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, First Western (MYFW), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 23. This company is expected to post quarterly earnings of $0.56 per share in its upcoming report, which represents a year-over-year change of +115.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. First Western's revenues are expected to be $28.4 million, up 17.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Commerce Bancshares, Inc. (CBSH) : Free Stock Analysis Report First Western Financial, Inc. (MYFW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Wall Street expects a year-over-year increase in earnings on higher revenues when First Western (MYFW) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $0.56 per share in its upcoming report, which represents a year-over-year change of +115.4%. Revenues are expected to be $28.4 million, up 17.4% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For First Western, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.90%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that First Western will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that First Western would post earnings of $0.44 per share when it actually produced earnings of $0.63, delivering a surprise of +43.18%. Over the last four quarters, the company has beaten consensus EPS estimates just once. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. First Western appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Old Second Bancorp (OSBC), another stock in the Zacks Banks - Midwest industry, is expected to report earnings per share of $0.54 for the quarter ended June 2026. This estimate points to a year-over-year change of +12.5%. Revenues for the quarter are expected to be $95.1 million, up 26.6% from the year-ago quarter. The consensus EPS estimate for Old Second Bancorp has been revised 1.8% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -2.30%. When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that Old Second Bancorp will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Western Financial, Inc. (MYFW) : Free Stock Analysis Report Old Second Bancorp, Inc. (OSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

First Western (MYFW) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. Consensus earnings estimates for the next quarter and full year have moved considerably higher for First Western, as there has been strong agreement among the covering analysts in raising estimates. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: For the current quarter, the company is expected to earn $0.55 per share, which is a change of +111.5% from the year-ago reported number. Over the last 30 days, the Zacks Consensus Estimate for First Western has increased 10% because one estimate has moved higher compared to no negative revisions. For the full year, the company is expected to earn $2.44 per share, representing a year-over-year change of +80.7%. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, one estimate has moved up for First Western versus no negative revisions. This has pushed the consensus estimate 15.09% higher. The promising estimate revisions have helped First Western earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. First Western shares have added 15.6% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Western Financial, Inc. (MYFW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research