OverviewSuggest Edit

First Western Financial provides an integrated suite of wealth management services comprising private banking, personal trust, investment management, mortgage loans, and institutional asset management services. It operates through three segments: Wealth Management, Capital Management, and Mortgage. The Wealth Management segment provides deposit, loan, insurance, trust and investment management advisory products and services. The Capital Management offers institutional investment management services; and acts as advisor of proprietary mutual funds. The Mortgage segment engages in soliciting, originating, and selling mortgage loans into the secondary market.
TypePublic
Founded2002
HQDenver, US
Websitemyfw.com
Employee Ratings2.6

Latest Updates

Employees (est.) (Dec 2018)245(-6%)
Revenue (FY, 2019)$64 M(+12%)
Share Price (Mar 2020)$14.4 (+2%)

Key People/Management at First Western Financial

John Sawyer

John Sawyer

Chief Investment Officer
Julie Courkamp

Julie Courkamp

Chief Financial Officer
Scott Wylie

Scott Wylie

Chairman, Chief Executive Officer, and President
Scott Lawley

Scott Lawley

Chief Credit Officer
Josh Wilson

Josh Wilson

Regional President, Denver
Daniel C. Thompson

Daniel C. Thompson

Regional President of Arizona
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First Western Financial Office Locations

First Western Financial has offices in Denver, Aspen, Boulder, Englewood and in 2 other locations
Denver, US (HQ)
1900 16th St Mall #1200
Aspen, US
201 N Mill St STE 202
Boulder, US
1155 Canyon Blvd #300
Denver, US
233 Milwaukee St
Englewood, US
6501 E Belleview Ave #200
Fort Collins, US
200 S College Ave #10
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First Western Financial Financials and Metrics

First Western Financial Revenue

First Western Financial's revenue was reported to be $63.98 m in FY, 2019
USD

Revenue (FY, 2019)

64.0m

Net income (FY, 2019)

8.0m

Market capitalization (27-Mar-2020)

113.9m

Closing stock price (27-Mar-2020)

14.4

Cash (31-Dec-2019)

78.6m
First Western Financial's current market capitalization is $113.9 m.
Annual
USDFY, 2018FY, 2019

Revenue

57.6m64.0m

Sales and marketing expense

1.3m1.3m

Operating expense total

3.6m3.9m

Depreciation and amortization

831.0k374.0k
Quarterly
USDQ2, 2018Q3, 2018Q1, 2019Q3, 2019

Revenue

14.5m14.4m14.8m16.6m

Sales and marketing expense

316.0k274.0k278.0k272.0k

Operating expense total

972.0k853.0k871.0k938.0k

Depreciation and amortization

230.0k208.0k173.0k52.0k
Annual
USDFY, 2018FY, 2019

Cash

73.4m78.6m

Accounts Receivable

4.5m1.0m

PP&E

6.1m5.2m

Goodwill

24.8m19.7m
Quarterly
USDQ2, 2018Q3, 2018Q1, 2019Q3, 2019

Cash

58.5m70.4m69.8m146.2m

Accounts Receivable

5.5m4.7m4.6m5.0m

PP&E

6.3m6.3m5.8m5.5m

Goodwill

24.8m24.8m24.8m19.7m
Annual
USDFY, 2018FY, 2019

Net Income

5.6m8.0m

Depreciation and Amortization

2.2m1.7m

Cash From Operating Activities

17.8m(21.5m)

Purchases of PP&E

(714.0k)(415.0k)
Quarterly
USDQ2, 2018Q3, 2018Q1, 2019Q3, 2019

Net Income

2.2m3.9m1.6m5.4m

Depreciation and Amortization

1.2m1.7m717.0k1.4m

Cash From Operating Activities

(8.6m)8.6m(5.6m)(46.3m)

Purchases of PP&E

(168.0k)(525.0k)(86.0k)(380.0k)
USDY, 2019

Financial Leverage

9.8 x
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First Western Financial Operating Metrics

First Western Financial's Total Loans was reported to be $892.8m in FY, 2018.
FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Non-performing Loans

$12.49 m$10.80 m$7.29 m$3.61 m$4.22 m$19.05 m

Total Loans

$484.48 m$532.43 m$609.83 m$672.03 m$812.70 m$892.80 m
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First Western Financial Acquisitions / Subsidiaries

Company NameDateDeal Size
First Western Capital Management Company
First Western Trust Bank

First Western Financial Online and Social Media Presence

Embed Graph

First Western Financial News and Updates

First Western Financial, Inc. to Report Third Quarter 2019 Financial Results on Thursday, October 24

DENVER, Oct. 04, 2019 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western”), announced today that it will release financial results for its third quarter ended September 30, 2019 after the markets …

First Western Financial, Inc. to Report Second Quarter 2019 Financial Results on Thursday, July 25

DENVER, July 12, 2019 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western”), announced today that it will release financial results for its second quarter ended June 30, 2019 after the markets clos…

First Western Financial, Inc. Announces Stock Repurchase Program

DENVER, June 14, 2019 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western” or “the Company”), announced today that its Board of Directors has approved a stock repurchase program that authorizes the…

First Western Financial Blogs

Week in Review 3/20/2019

Week Ending: Friday, March 20, 2020 Global equity markets suffered significant losses as concerns about the economic impact of the rapidly spreading corona virus intensified. Efforts by governments and global central banks to blunt the financial impacts of the virus have thus far failed to assuage w…

Week In Review 3.13.2020

Week Ending: Friday, March 13, 2020 U.S. equities posted their worst week since 2008 as volatility shook the markets and investors braced for weaker economic growth. Trading was halted for fifteen minutes twice during the week as indexes plunged shortly after the open. Wednesday marked the end of th…

Market Update: February 28, 2020

Earlier this week we noted that continued disruptions related to Covid-19/Coronavirus would drive our near-term decisions. As this week has unfolded, the spread of the virus has expanded and is at a point where overall economic activity for 2020 will be impacted. Our 2020 outlook, along with most ma…

Weekin Review 3/6/2020

Week Ending: Friday, March 6, 2020 U.S. equity markets were rocked by volatility this week as the Dow posted an 800-point drop sandwiched between two days of 1,100-point gains. The S&P rallied in the last half-hour of trading, gaining on last week’s close. Investors continued to pour into treasu…

Week in Review 2.28.2020

Week Ending: Friday, February 28, 2020 U.S. equity markets ended the week lower with the S&P 500 and Dow posting their biggest one-week declines since 2008 as investors fretted about the rapid spread of the coronavirus and the breadth of its economic impacts. The S&P’s drop marked the quicke…

State of The Markets – February 24

Global equity markets closed lower today on increased concerns about the spread of Covid-19/Coronavirus. For the day, the S&P 500 fell –3.4%. International developed and emerging markets, as measured by the MSCI EAFE and EM indices, fell –4.0% and –3.8%, respectively. Reflecting investor demand …
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First Western Financial Frequently Asked Questions

  • When was First Western Financial founded?

    First Western Financial was founded in 2002.

  • Who are First Western Financial key executives?

    First Western Financial's key executives are John Sawyer, Julie Courkamp and Scott Wylie.

  • How many employees does First Western Financial have?

    First Western Financial has 245 employees.

  • What is First Western Financial revenue?

    Latest First Western Financial annual revenue is $64 m.

  • What is First Western Financial revenue per employee?

    Latest First Western Financial revenue per employee is $261.1 k.

  • Who are First Western Financial competitors?

    Competitors of First Western Financial include Toronto-Dominion Bank (TD), Salem Five and Bank Millennium.

  • Where is First Western Financial headquarters?

    First Western Financial headquarters is located at 1900 16th St Mall #1200, Denver.

  • Where are First Western Financial offices?

    First Western Financial has offices in Denver, Aspen, Boulder, Englewood and in 2 other locations.

  • How many offices does First Western Financial have?

    First Western Financial has 8 offices.