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Stock impact report

First Western Reports First Quarter 2020 Financial Results

First Western Financial, Inc. (MYFW) 
Last first western financial, inc. earnings: 4/30 04:30 pm Check Earnings Report
Company Research Source: GlobeNewswire
First Quarter 2020 Summary Net income available to common shareholders of $1.3 million in Q1 2020, compared to $2.6 million in Q4 2019 and $1.6 million in Q1 2019 Diluted EPS of $0.17 in Q1 2020, compared to $0.32 in Q4 2019 and $0.21 in Q1 2019 Adjusted net income available to common shareholders, excluding loss on intangibles held for sale, of $1.8 million in Q1 2020 Adjusted diluted EPS, excluding loss on intangibles held for sale, of $0.22 for Q1 2020 Total assets grew to $1.35 billion, up 32.7% annualized from Q4 2019 and 18.3% from Q1 2019 Net interest margin improved to 3.14% in Q1 2020 from 2.91% in Q4 2019 and 3.03% Q1 2019 Total deposits of $1.2 billion, an 33.7% annualized increase from Q4 2019 and a 20.5% increase from Q1 2019 Gross loans of $1.04 billion, an annualized increase of 18.4% from Q4 2019 and an increase of 12.1% from Q1 2019 Branch purchase and assumption agreement signed with Simmons Bank that expands First Western’s presence in Den Show less Read more
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