First Western Financial Inc
myfw.gcs-web.comWhat Do They Do?
Provides private banking and wealth-management services to entrepreneurs, professionals, and high-net-worth individuals and families.
10-K for FY2025, filed Feb 27, 2026First Western Financial, Inc. is a financial holding company headquartered in Denver, Colorado. We provide a fully integrated suite of…View ↗
Our mission is to be the best private bank for the Western wealth management client. We believe that the "Western wealth management client"…View ↗
General. Through our relationship-oriented private bank lending approach, our strategy is to offer a broad range of customized consumer and…View ↗
We are a financial holding company founded in 2002 and headquartered in Denver, Colorado. We provide a fully integrated suite of wealth…View ↗
How Do They Make Money?
Clients pay fees for trust, investment management and advisory services, generally each month based on the value of assets managed. The company also earns interest on loans and sells some mortgages, and collects fees for banking services and insurance placements.
10-K for FY2025, filed Feb 27, 2026Revenue Recognition: In accordance with the Financial Accounting Standards Board (FASB), ASC 606 Revenue from Contracts with Customers (ASC…View ↗
Net Interest IncomeView ↗
Trust and investment management fees—fees and other sources of income charged to clients for managing their trust and investment assets…View ↗
Our consumer lending products include residential first mortgage loans, originated loans for our own portfolio, as well as those for which…View ↗
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10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by reportable segment ↗
$96.9M
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10-K for FY2025, filed Feb 27, 2026
$96.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Wealth Management
Recurring
10-K for FY2025, filed Feb 27, 2026 |
94%
FY2022: 95%
|
Wealth Management, FY2025
$91M Sources
|
Recurring |
|
Mortgage
Sold outright
|
6.1%
FY2022: 5.2%
|
Mortgage, FY2025
$5.9M Sources
|
Sold outright |
Who Are Their Customers?
Entrepreneurs, professionals, high-net-worth individuals and families, and their businesses and philanthropic organizations are the target clients. The company serves them through its own boutique private trust bank offices.
10-K for FY2025, filed Feb 27, 2026
Do Revenues Turn Into Profits?
Yes. It kept 14 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$5.8M.
How Are They Changing?
10-Q for Q2 FY2026, filed Jul 31, 2026
Open tableView ↗
Flat. Revenue was $96.9M in FY2025, about the same as the $95.4M of FY2021.
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