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First Western Financial (MYFW) Revenue & Revenue Breakdown

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First Western Financial Revenue Highlights

Latest Revenue (Y)

$152.65M

Latest Revenue (Q)

$6.84M

Main Segment (Y)

Wealth Management

First Western Financial Revenue by Period

First Western Financial Revenue by Year

DateRevenueChange
2024-12-31$152.65M84.59%
2023-12-31$82.70M5591.53%
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 $152.65M in revenue during NA 2024, up 84.59% compared to the previous quarter, and up 236.16% compared to the same period a year ago.

First Western Financial Revenue by Quarter

DateRevenueChange
2025-09-30$6.84M-84.38%
2025-06-30$43.80M-1.66%
2025-03-31$44.54M6.04%
2024-12-31$42.00M-6.79%
2024-09-30$45.06M0.08%
2024-06-30$45.03M-1.43%
2024-03-31$45.68M8.89%
2023-12-31$41.95M-1.48%
2023-09-30$42.58M5.57%
2023-06-30$40.33M-0.45%
2023-03-31$40.52M7.62%
2022-12-31$37.65M14.00%
2022-09-30$33.03M15.58%
2022-06-30$28.57M1.09%
2022-03-31$28.27M16.52%
2021-12-31$24.26M-8.93%
2021-09-30$26.64M6.35%
2021-06-30$25.05M-0.26%
2021-03-31$25.11M7.27%
2020-12-31$23.41M-27.84%
2020-09-30$32.44M16.29%
2020-06-30$27.90M44.70%
2020-03-31$19.28M2.26%
2019-12-31$18.85M-6.95%
2019-09-30$20.26M2.54%
2019-06-30$19.76M9.62%
2019-03-31$18.03M12.81%
2018-12-31$15.98M-3.61%
2018-09-30$16.58M1.10%
2018-06-30$16.40M1.88%
2018-03-31$16.09M2.52%
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 $6.84M in revenue during Q3 2025, up -84.38% compared to the previous quarter, and up 15.19% 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 24Dec 23Dec 22Dec 21Dec 20
Mortgage$6.04M$3.62M$5.32M$16.12M$29.34M
Wealth Management$84.03M$79.08M$102.62M$79.31M$63.26M

First Western Financial's latest annual revenue breakdown by segment (product or service), as of Dec 24: Wealth Management (93.29%), and Mortgage (6.71%).

Quarterly Revenue by Product

Product/ServiceSep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20
Wealth Management$22.28M$20.92M$23.47M$23.60M$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
Mortgage$1.76M$1.50M$1.25M$742.00K$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

First Western Financial's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Wealth Management (92.67%), and Mortgage (7.33%).

First Western Financial Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
MYFWFirst Western Financial$152.65M$6.84M
ISTRInvestar$143.87M$37.09M
CFFIC&F Financial$139.59M$47.63M
BPRNPrinceton Bancorp$122.95M$32.74M
WNEBWestern New England Bancorp$109.83M$26.69M
LCNBLCNB$105.02M$26.30M
OVLYOak Valley Bancorp$78.21M$-45.85M
PVBCProvident Bancorp$55.40M$18.39M
VABKVirginia National Bankshares$53.66M$19.47M
FUNCFirst United$6.97M$1.88M
FVCBFVCBankcorp-$1.03M

MYFW Revenue FAQ

What is First Western Financial’s yearly revenue?

First Western Financial's yearly revenue for 2024 was $152.65M, representing an increase of 84.59% compared to 2023. The company's yearly revenue for 2023 was $82.7M, representing an increase of 5591.53% compared to 2022. MYFW's yearly revenue for 2022 was $1.45M, representing a decrease of -98.50% compared to 2021.

What is First Western Financial’s quarterly revenue?

First Western Financial's quarterly revenue for Q3 2025 was $6.84M, a -84.38% decrease from the previous quarter (Q2 2025), and a -84.82% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $43.8M, a -1.66% decrease from the previous quarter (Q1 2025), and a -2.72% decrease year-over-year (Q2 2024). MYFW's quarterly revenue for Q1 2025 was $44.54M, a 6.04% increase from the previous quarter (Q4 2024), and a -2.49% decrease year-over-year (Q1 2024).

What is First Western Financial’s revenue growth rate?

First Western Financial's revenue growth rate for the last 3 years (2022-2024) was 10405.92%, and for the last 5 years (2020-2024) was 56.92%.

What are First Western Financial’s revenue streams?

First Western Financial's revenue streams in c 24 are Mortgage, and Wealth Management. Mortgage generated $6.04M in revenue, accounting 6.71% of the company's total revenue, up 67.15% year-over-year. Wealth Management generated $84.03M in revenue, accounting 93.29% of the company's total revenue, up 6.25% year-over-year.

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

For the fiscal year ending Dec 24, the largest source of revenue of First Western Financial was Wealth Management. This segment made a revenue of $84.03M, representing 93.29% of the company's total revenue.