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First Western Financial (First Western Financial) Net Interest Margin (Bank Only) % : 2.49% (As of Dec. 2023)


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What is First Western Financial Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. First Western Financial's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $64.68 Mil. First Western Financial's average earning assets for the quarter that ended in Dec. 2023 was $2,600.86 Mil. Therefore, First Western Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 2.49%.


First Western Financial Net Interest Margin (Bank Only) % Historical Data

The historical data trend for First Western Financial's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Western Financial Net Interest Margin (Bank Only) % Chart

First Western Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial 3.13 3.27 3.02 3.65 2.74

First Western Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.04 2.85 2.56 2.49 2.49

Competitive Comparison of First Western Financial's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, First Western Financial's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Western Financial's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Western Financial's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where First Western Financial's Net Interest Margin (Bank Only) % falls into.



First Western Financial Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

First Western Financial's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=70.485/( (2551.2 + 2595.495)/ 2 )
=70.485/2573.3475
=2.74 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 2463.034 + 88.166
=2551.2

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 2514.238 + 81.257
=2595.495

First Western Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Sep. 2023 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=64.68/( (2606.233 + 2595.495)/ 2 )
=64.68/2600.864
=2.49 %

where

Earning Assets(Q: Sep. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 2519.389 + 86.844
=2606.233

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 2514.238 + 81.257
=2595.495

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


First Western Financial  (NAS:MYFW) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


First Western Financial Net Interest Margin (Bank Only) % Related Terms

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First Western Financial (First Western Financial) Business Description

Traded in Other Exchanges
N/A
Address
1900 16th Street, Suite 1200, Denver, CO, USA, 80202
First Western Financial Inc is a financial holding company that provides a fully integrated suite of wealth management services on its private trust bank platform, which includes a comprehensive selection of deposit, loan, trust, wealth planning, and investment management products and services. it has two operating segments; The Wealth Management segment consists of operations relative to the Company's fully integrated wealth management products and services. Services provided include deposit, loan, insurance, and trust and investment management advisory products and services, and The Mortgage segment consists of operations relative to the Company's residential mortgage service offerings. the bank derives its majority revenue from the wealth management segment.
Executives
Jesica J. Montgomery officer: Principal Accounting Officer 1900 SIXTEENTH STREET, SUITE 500, DENVER CO 80202
David R. Weber officer: Chief Financial Officer 1900 SIXTEENTH STREET, SUITE 500, DENVER CO 80202
Matthew C. Cassell officer: Chief Banking Officer 1900 16TH STREET, SUITE 1200, DENVER CO 80202
James Allen Scott officer: Chief Client Exp. Officer 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Scott C Mitchell director 1900 16TH STREET, SUITE 1200, DENVER CO 80202
David R Duncan director 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Scott C Wylie director, 10 percent owner, officer: Chairman, CEO and President 1900 16TH STREET, SUITE 1200, DENVER CO 80202
John Emery Sawyer officer: Chief Investment Officer 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Julie A Courkamp officer: Chief Financial Officer 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Joseph C. Zimlich director 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Eric D Sipf director 1601 DRY CREEK DRIVE, LONGMONT CO 80503
Mark L Smith director 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Scott J Lawley officer: Chief Credit Officer 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Cammie A Redpath officer: Chief Human Capital Officer 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Daniel C Thompson officer: Regional Pres., Ariz./Calif. 1900 16TH STREET, SUITE 1200, DENVER CO 80202