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+0.94%
Close of 9 Nov 2026, in USD
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About First Western Financial
From its filings with the US Securities and Exchange Commission
First Western Financial is based in Denver, Colorado and is incorporated in Colorado. Its shares trade on Nasdaq under the ticker MYFW. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported revenue of $96.9m and net income of $13.2m. At that date it held total assets of $3.15bn and shareholders' equity of $265.6m.
First Western Financial, Inc. is a financial holding company headquartered in Denver, Colorado. We provide a fully integrated suite of wealth management services on our private trust bank platform, which includes a comprehensive selection of deposit, loan, trust, wealth planning and investment management products and services. We believe our integrated business model distinguishes us from other banks and non-bank financial services companies in the markets in which we operate. As of December 31, 2025, we provided fiduciary and advisory services on $7.28 billion of trust and investment management assets (AUM), and we had total assets of $3.15 billion, total loans excluding mortgage loans held for sale of $2.65 billion, total deposits of $2.75 billion, and total shareholders’ equity of $265.6 million.
Our mission is to be the best private bank for the Western wealth management client. We believe that the "Western wealth management client" shares our entrepreneurial spirit and values our sophisticated, high-touch integrated financial services that are tailored to meet their specific needs. Our target clients include successful entrepreneurs, professionals and other high net worth individuals or families, along with their businesses and philanthropic organizations. We offer our services through a branded network of boutique private trust bank offices, loan production offices, and trust offices, which we believe are strategically located in affluent and high-growth markets in nineteen locations across Colorado, Arizona, Wyoming, Montana, and California.
Quoted from its 10-K, filed 27 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 19 Jul 2018
- Employees
- 320
- Website
- myfw.gcs-web.com ↗
- Head office
- 1900 SIXTEENTH ST, #1200, DENVER, CO, 80202
- Incorporated in
- CO
- Classification
- State Commercial Banks
- Filer status
- Accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Scott WylieChairman of the Board, President, Chief Executive Officer of the Company and the Bank, since 2002$1.3m
- Mr. David WeberChief Financial Officer, Treasurer of the Company and the Bank
- Ms. Julie CourkampChief Operating Officer, Director and President of First Western Trust Bank, since 2013$713,359
- Mr. Matthew CassellChief Banking Officer$436,909
- Mr. Eric EnsmannChief Risk Officer of First Western Trust Bank
- Mr. Joseph ZimlichLead Independent Director$60,200
- Ms. Julie CaponiIndependent Director$72,900
- Mr. David DuncanIndependent Director$60,100
- Mr. Thomas GartIndependent Director$61,600
- Mr. Patrick HamillIndependent Director$59,300
- Mr. Luke LatimerIndependent Director$75,400
- Mr. Scott MitchellIndependent Director$58,300
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 45
- Environment
- 51
- Social
- 30
- Governance
- 53
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- First Western Financial Inc has several strengths that contribute to its success in the market. Firstly, the company has a strong financial position, which enables it to make strategic investments and expand its operations. This allows First Western Financial Inc to take advantage of growth opportunities and remain competitive. Additionally, the company has a diversified business portfolio, offering a range of financial services to different customer segments. This helps to reduce risk and provides stability to its revenue streams.
Weaknesses
- Despite its strengths, First Western Financial Inc also has some weaknesses that need to be addressed. One weakness is its limited geographic presence, mainly operating in a specific region. This can restrict its growth potential and put it at a disadvantage compared to national or global competitors. Another weakness is the company's reliance on a few key clients for a significant portion of its revenue. This dependency on a small number of clients poses a risk if they reduce their business with First Western Financial Inc.
Opportunities
- First Western Financial Inc has several opportunities that it can leverage to further enhance its position in the market. One opportunity is the growing demand for financial services, especially in emerging markets. By expanding its reach and offering tailored services to these markets, the company can tap into new customer segments and increase its revenue. Another opportunity lies in technological advancements. First Western Financial Inc can invest in digital solutions and fintech partnerships to improve its efficiency, customer experience, and stand out from competitors.
Threats
- Finally, there are certain threats that First Western Financial Inc needs to navigate successfully to sustain its success. One major threat is the intense competition within the financial services industry. There are numerous banks, credit unions, and other financial institutions vying for market share, making it important for First Western Financial Inc to continuously innovate and differentiate itself. Additionally, economic uncertainties and regulatory changes can pose challenges to the company's growth plans. Volatile interest rates and geopolitical factors also need to be considered as potential threats.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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