First Western Financial : Investor Presentation November 2019
11/01/2019 | 03:48pm EDT
First Western Financial, Inc.
The First, Western-Based Private Trust Bank
This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect the current views of First Western's management with respect to, among other things, future events and First Western's financial performance. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "will likely result," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "project," "forecast," "goal," "target," "would" and "outlook," or the negative variations of those words or other comparable words of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about First Western's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond First Western's control. Accordingly, First Western cautions you that any such forward- looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although First Western believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. All subsequent written and oral forward-looking statements attributable to First Western or persons acting on First Western's behalf are expressly qualified in their entirety by this paragraph. We undertake no obligation to publicly update or otherwise revise any forward-looking statements, whether as a result of new information, future events or otherwise (except as required by law).
Certain of the information contained herein may be derived from information provided by industry sources. The Company believes that such information is accurate and the sources from which it has been obtained are reliable; however, the Company cannot guaranty the accuracy of such information and has not independently verified such information.
This presentation contains certain non-GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided at the end of this presentation. Numbers in the presentation may not sum due to rounding.
Our common stock is not a deposit or savings account. Our common stock is not insured by the Federal Deposit Insurance Corporation or any governmental agency or instrumentality.
This presentation is not an offer to sell any securities and it is not soliciting an offer to buy any securities in any state or jurisdiction where the offer or sale is not permitted. Neither the SEC nor any state securities commission has approved or disapproved of the securities of the Company or passed upon the accuracy or adequacy of this presentation. Any representation to the contrary is a criminal offense. Except as otherwise indicated, this presentation speaks as of the date hereof. The delivery of this presentation shall not, under any circumstances, create any implication that there has been no change in the affairs of the Company after the date hereof.
A Wealth Manager on Private Trust Bank Platform
Niche-focused regional wealth manager built
on a private trust bank platform
Headquartered in Denver, Colorado and
positioned in desirable, affluent and high
Households of $1+ million liquid net worth
High net worth and high growth markets
Colorado, Arizona, Wyoming and California
Operates as one integrated firm, not silos
Team approach benefits clients, First Western
Local boutique private trust bank offices with central product experts
First Western Financial, Inc. (FW)
Financial Holding Company
First Western Trust Bank
as of 9/30/2019
Tier 1 Ratio:
Colorado state chartered bank (14 locations)
First Western Merger Corporation
State licensed insurance agency
First Western Capital Management Co.
Registered investment advisor (1 location)
MYFW: Our Five Core Strengths
Proven in the
Niche-focused franchise headquartered in Denver, Colorado
Well-positionedin many attractive markets in Arizona, California, Colorado and Wyoming
Specialized central expertise to compete with siloed national, regional firms
Delivered throughlocal, boutique trust banking teams so clients "owned" by MYFW, not associates
Strong profit center margins at maturity, growth opportunities in current and new markets
Built in Operating
Revenue growth in both fee income and net interest income, with liability sensitive balance sheet
Scalable, leverageable high fixed cost Product and Support Centers
Operating expense investment already in place for growth and expansion
~50% fee income, consistently through MYFW history
Primarily recurring trust and investment management ("TIM") fees
Low risk, "sticky" wealth/trust business with comprehensive product offering
Multiple entry points with ConnectView® - proprietary review process to service, cross-sell
Experienced, Tested Team
Executives aremajor bank/professional firm trained, with deep relationships in communities
Achievedgrowth through business and economic cycles, capital constraints
Healthy relationship with all regulators withstrong risk management culture
CEO withproven track record for creating value in previous bank ownership
At critical mass but small market share, many current and new market opportunities
Proven ability to expand: (1) Organically, (2) By expansion and (3) By acquisition
Few large Colorado bank alternatives for investors and clients, creating lift-outopportunities
MYFW was capital constrained: IPO provided growth capital, paid off high cost capital, debt
First Western's core strengths provide the foundation for driving shareholder value
Rationale for Starting First Western
Competition is Everyone and No One
This is an excerpt of the original content. To continue reading it, access the original document here.
First Western Financial Inc. published this content on 01 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2019 20:47:00 UTC