First Western Financial, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 04:03 pm EDT
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First Western Financial, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was USD 18.28 million compared to USD 13.05 million a year ago. Net income was USD 5.52 million compared to USD 6 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.76 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 0.74 a year ago.
First Western Financial, Inc. is a financial service holding company with operations in Colorado, Arizona, Wyoming, California, and Montana. The Company and its subsidiaries provide a fully integrated suite of wealth management services on a private trust bank platform. The Company offers its services through a branded network of boutique private trust bank offices, loan production offices and trust offices. The Company operates through two segments: Wealth Management and Mortgage. Its Wealth Management segment consists of operations relating to the Companyâs fully integrated wealth management products and services. Services provided include deposit, loan, insurance, and trust and investment management advisory products and services. Its Mortgage segment consists of operations relating to the Companyâs residential mortgage service offerings. Services provided by its mortgage segment include soliciting, originating, and selling mortgage loans on the secondary market.