First Western Financial Inc Income Statement

Income Statement Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 0.79M0.18M0.66M4.68M1.23M3.68M12.08M3.44M
Revenue 54.50M57.62M63.98M92.60M95.41M107.93M82.70M90.07M
Interest income
Interest income - Loans 30.91M37.01M42.05M52.00M60.76M95.17M135.43M140.05M
Interest Income - Debt Securities 2.52M2.37M2.62M3.45M3.25M4.55M5.37M7.44M
Interest Income - Fed Funds 0.31M0.69M1.73M0.46M0.40M2.25M5.71M8.84M
Interest Income - Total 33.34M38.80M45.05M53.33M62.01M101.20M145.56M152.65M
Interest expenses
Interest Expense - Deposits 3.78M6.51M12.26M5.79M3.48M13.01M65.46M82.54M
Interest Expense - Debt 1.98M1.66M0.73M1.44M1.93M4.26M8.99M5.79M
Interest Expenses 5.76M8.17M12.99M7.23M5.42M17.27M74.45M88.33M
Interest Income - Net 27.58M30.62M32.06M46.10M56.59M83.93M71.11M64.32M
Non-interest income
Interest Income - Total 26.79M30.44M31.40M41.42M55.37M80.24M60.75M62.39M
Financial Services Fees 1.29M1.30M1.21M1.20M1.12M1.23M0.92M1.66M
Investment Gain (Loss) 19.45M19.16M18.93M19.02M20.20M18.94M18.79M19.19M
Investment Banking Income 3.47M4.56M10.59M29.28M16.06M4.58M2.83M4.91M
Card Income 2.18M1.76M1.17M1.32M1.78M2.66M2.02M2.04M
Trading Income 0.08M0.12M0.01M
Other Non-Interest Income 1.49M1.25M1.29M1.48M1.61M1.89M8.84M9.35M
Non-Interest Income 27.71M27.17M32.58M51.18M40.04M27.69M21.95M27.68M
Operating Items
Amortization - Intangibles 0.78M0.83M0.40M0.01M0.02M0.31M0.30M0.23M
Wages, Salaries and Other 28.66M29.77M31.81M34.78M40.75M48.25M45.20M45.04M
Rent Expense 5.88M5.85M5.56M6.01M5.99M7.52M7.60M8.28M
Other Operating Expenses 0.82M44.34M0.18M-0.55M62.14M0.00M68.04M70.21M
Operating Expenses 49.49M50.20M53.78M59.54M68.13M79.11M75.64M78.49M
Operating Income 1.75M1.56M2.14M6.94M5.73M
EBIT 1.75M1.56M2.14M6.94M5.73M46.10M81.51M99.91M
Net income details
EBT 5.01M7.42M10.19M33.06M27.28M28.83M7.06M11.58M
Tax Provisions 2.98M1.77M3.40M9.83M6.67M7.13M1.84M3.11M
Profit After Tax 2.02M5.65M8.01M24.53M20.61M21.70M5.22M8.47M
Equity Income 0.48M-0.69M-0.60M0.47M0.34M-0.02M-0.03M
Income from Continuing Operations 2.02M5.65M6.79M23.23M20.61M21.70M5.22M8.47M
Consolidated Net Income 2.02M5.65M6.79M23.23M20.61M21.70M5.22M8.47M
Income towards Parent Company 2.02M5.65M6.79M23.23M20.61M21.70M5.22M8.47M
Preferred Dividend Payments 2.29M1.38M
Net Income towards Common Stockholders -0.27M4.27M8.01M24.53M20.61M21.70M5.22M8.47M
Additional items
EPS (Basic) -0.050.641.023.112.582.290.550.88
EPS (Weighted Average and Diluted) -0.050.631.013.082.502.230.540.87
Shares Outstanding (Weighted Average) 7.42M7.97M7.99M7.95M8.03M9.49M9.56M9.66M
Tax Rate 59.60%23.92%33.35%29.73%24.45%24.73%26.00%26.82%