Filing Flows › First Western Financial (MYFW) › Q1 2025
First Western Financial (MYFW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
First Western Financial (MYFW) reported revenue of $24.7M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +2% from the quarter before. Operating margin was 21.7%, net earnings $4.2M (16.9% of revenue).
First Western Financial, Q1 2025: revenue $24.7M (+6% year over year), operating margin 21.7%, net earnings $4.2M, operating cash flow $8.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.7M | +2% | +6% |
| Operating profit | $5.4M | +37% | +50% |
| Net earnings | $4.2M | +52% | +66% |
| Operating cash flow | $8.0M | — | — |
| Free cash flow | $7.0M | — | — |
What changed
Revenue was $24.7M in Q1 2025, up 6% year over year and up 2% from the previous quarter. Wealth Management was the largest line at 95% of revenue. Wealth Management added $1.6M year over year (up 7%), 109% of the total change. Mortgage declined 9%.
Operating profit was $5.4M, a 21.7% margin (up 6.3 points year over year). Of the extra revenue versus a year earlier, 123% reached operating profit, above the 15% margin then. Total costs fell 2% while revenue rose 6%. The fastest-growing cost line was Sales & marketing (+11%). Net earnings were $4.2M, up 66% year over year. The effective tax rate was 21.9%.
Operating cash flow was $8.0M, 191% of net earnings. Non-cash charges added back $672K of depreciation and amortization and $422K of share-based compensation. Working capital and other items added $2.7M. Capital expenditures of $1.0M left free cash flow of $7.0M.
Questions
What was First Western Financial's revenue in the first quarter 2025?
First Western Financial (MYFW) reported revenue of $24.7M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +2% from the quarter before.
Was First Western Financial profitable in the first quarter 2025?
Operating profit was $5.4M (21.7% of revenue) and net earnings $4.2M.