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First Western Financial (First Western Financial) Retained Earnings : $51.04 Mil (As of Dec. 2023)


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What is First Western Financial Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. First Western Financial's retained earnings for the quarter that ended in Dec. 2023 was $51.04 Mil.

First Western Financial's quarterly retained earnings increased from Jun. 2023 ($51.14 Mil) to Sep. 2023 ($54.26 Mil) but then declined from Sep. 2023 ($54.26 Mil) to Dec. 2023 ($51.04 Mil).

First Western Financial's annual retained earnings increased from Dec. 2021 ($30.19 Mil) to Dec. 2022 ($51.89 Mil) but then declined from Dec. 2022 ($51.89 Mil) to Dec. 2023 ($51.04 Mil).


First Western Financial Retained Earnings Historical Data

The historical data trend for First Western Financial's Retained Earnings 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.

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First Western Financial Retained Earnings Chart

First Western Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial -14.96 9.58 30.19 51.89 51.04

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
Retained Earnings 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 49.64 51.14 54.26 51.04 -

First Western Financial Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


First Western Financial  (NAS:MYFW) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


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