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First Western Financial (MYFW) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · First Western Financial (MYFW) Q3 2026 earnings results →
Q3 2026 Revenue up 17% year over year to $28.1M · 21¢ of every $1 of revenue kept as net profit · operating margin 25.9%
First Western Financial made $28.1M in Q3 2026 (+17% Y/Y). Operating margin 25.9%, net earnings $6.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $28.1M in Q3 2026, up 17% year over year and down 2% from the previous quarter.
Operating profit was $7.3M, a 25.9% margin (up 9.4 points year over year). Of the extra revenue versus Q3 2025, 81% reached operating profit, above the 16% margin then. Total costs grew 4% against revenue growth of 17%. The fastest-growing cost line was Sales & marketing (+19%). Net earnings were $6.0M, up 88% year over year. The effective tax rate was 17.8%.
Operating cash flow was $8.4M (down 29% year over year), 140% of net earnings. Non-cash charges added back $656K of depreciation and amortization and $725K of share-based compensation. Working capital and other items added $1.0M. Capital expenditures of $462K left free cash flow of $7.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $28.1M | +17% | 25.9% | $6.0M | $8.4M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $28.6M | +28% | 25.9% | $5.7M | $12.2M |
| Q1 2026 | 10-Q | May 1, 2026 | $28.3M | +14% | 28.7% | $6.2M | $15.3M |
| Q4 2025 | 10-K | Feb 27, 2026 | $25.7M | +6% | 17.2% | $3.3M | −$10.8M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $24.0M | +9% | 16.5% | $3.2M | $10.0M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $22.4M | +10% | 14.8% | $2.5M | −$9.1M |
| Q1 2025 | 10-Q | May 7, 2025 | $24.7M | +6% | 21.7% | $4.2M | $8.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About First Western Financial
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.
In its own words, from its 10-K, filed Feb 27, 2026.
First Western Financial against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +17% against the peers' median +12%. Operating margin: 25.9% against the peers' median 34.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MYFW First Western Financial | Q3 2026 | $28.1M | +17% | 25.9% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: First Western Financial 10-Q on SEC EDGAR · CIK 1327607 · State Commercial Banks
Guidance and outlook
13F: who owns MYFW and who is buying
More on MYFW
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results