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First Western Financial (MYFW) Revenue & Revenue Breakdown

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First Western Financial Revenue Highlights

Latest Revenue (Y)

$168.30M

Latest Revenue (Q)

$6.97M

Main Segment (Y)

Wealth Management

First Western Financial Revenue by Period

First Western Financial Revenue by Year

DateRevenueChange
2023-12-31$168.30M11483.14%
2022-12-31$1.45M-98.50%
2021-12-31$96.66M-0.64%
2020-12-31$97.28M50.50%
2019-12-31$64.64M13.24%
2018-12-31$57.08M3.24%
2017-12-31$55.29M1.67%
2016-12-31$54.38M-

First Western Financial generated $168.30M in revenue during NA 2023, up 11483.14% compared to the previous quarter, and up 294.85% compared to the same period a year ago.

First Western Financial Revenue by Quarter

DateRevenueChange
2024-09-30$6.97M-84.52%
2024-06-30$45.03M-1.43%
2024-03-31$45.68M3.64%
2023-12-31$44.08M92.77%
2023-09-30$22.86M2.09%
2023-06-30$22.40M-11.75%
2023-03-31$25.38M1687.25%
2022-12-31$1.42M-95.15%
2022-09-30$29.29M8.17%
2022-06-30$27.08M0.60%
2022-03-31$26.92M12.49%
2021-12-31$23.93M-5.57%
2021-09-30$25.34M6.83%
2021-06-30$23.72M0.22%
2021-03-31$23.67M1.10%
2020-12-31$23.41M-24.36%
2020-09-30$30.95M18.03%
2020-06-30$26.22M57.04%
2020-03-31$16.70M1.71%
2019-12-31$16.42M-1.85%
2019-09-30$16.73M1.10%
2019-06-30$16.55M10.70%
2019-03-31$14.95M10.45%
2018-12-31$13.53M-6.19%
2018-09-30$14.43M-0.30%
2018-06-30$14.47M-1.25%
2018-03-31$14.65M-6.67%
2017-12-31$15.70M11.18%
2017-09-30$14.12M7.33%
2017-06-30$13.16M6.84%
2017-03-31$12.31M-

First Western Financial generated $6.97M in revenue during Q3 2024, up -84.52% compared to the previous quarter, and up 31.13% compared to the same period a year ago.

First Western Financial Revenue Breakdown

First Western Financial Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Wealth Management$79.08M$102.62M$79.31M$63.26M$50.15M
Mortgage$3.62M$5.32M$16.12M$29.34M$10.68M
Capital Management----$3.15M

First Western Financial's latest annual revenue breakdown by segment (product or service), as of Dec 23: Wealth Management (95.63%), and Mortgage (4.37%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Mortgage$1.74M$2.17M$1.39M$556.00K$889.00K$1.02M$1.15M$583.00K$940.00K$1.28M$2.52M$2.50M$4.50M$3.93M$5.20M$4.32M$12.32M$10.20M$2.50M$2.62M
Wealth Management$20.30M$18.24M$21.89M$13.36M$21.65M$19.53M$24.54M$26.62M$26.55M$25.28M$24.19M$20.62M$20.44M$19.78M$18.47M$20.89M$16.23M$13.11M$13.02M$12.54M
Capital Management----------------$899.00K$788.00K$804.00K$815.00K

First Western Financial's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Wealth Management (92.09%), and Mortgage (7.91%).

First Western Financial Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
HTBIHomeTrust Bancshares$186.37M$-145.70M
MYFWFirst Western Financial$168.30M$6.97M
CFBKCF Bankshares$112.31M$30.00M
FNWBFirst Northwest Bancorp$104.92M$28.21M
FFNWFirst Financial Northwest$80.93M$20.09M
CWBCCommunity West Bancshares$61.39M$27.26M
FCAPFirst Capital$51.24M$15.02M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M

MYFW Revenue FAQ

What is First Western Financial’s yearly revenue?

First Western Financial's yearly revenue for 2023 was $168.3M, representing an increase of 11483.14% compared to 2022. The company's yearly revenue for 2022 was $1.45M, representing a decrease of -98.50% compared to 2021. MYFW's yearly revenue for 2021 was $96.66M, representing a decrease of -0.64% compared to 2020.

What is First Western Financial’s quarterly revenue?

First Western Financial's quarterly revenue for Q3 2024 was $6.97M, a -84.52% decrease from the previous quarter (Q2 2024), and a -69.51% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $45.03M, a -1.43% decrease from the previous quarter (Q1 2024), and a 101.04% increase year-over-year (Q2 2023). MYFW's quarterly revenue for Q1 2024 was $45.68M, a 3.64% increase from the previous quarter (Q4 2023), and a 80.00% increase year-over-year (Q1 2023).

What is First Western Financial’s revenue growth rate?

First Western Financial's revenue growth rate for the last 3 years (2021-2023) was 74.12%, and for the last 5 years (2019-2023) was 160.37%.

What are First Western Financial’s revenue streams?

First Western Financial's revenue streams in c 23 are Wealth Management, and Mortgage. Wealth Management generated $79.08M in revenue, accounting 95.63% of the company's total revenue, down -22.93% year-over-year. Mortgage generated $3.62M in revenue, accounting 4.37% of the company's total revenue, down -32.00% year-over-year.

What is First Western Financial’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of First Western Financial was Wealth Management. This segment made a revenue of $79.08M, representing 95.63% of the company's total revenue.