First Western Financial, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter Ended December 31, 2018
January 24, 2019 at 09:30 pm
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First Western Financial, Inc. reported unaudited consolidated earnings results for the fourth quarter ended December 31, 2018. For the quarter, the company reported net interest income of $7,899,000 compared to $7,270,000 a year ago. Net income was $1,724,000 compared to $45,000 a year ago. Basic and diluted earnings per share was $0.22 compared to loss per share of $0.09 a year ago.
First Western Financial, Inc. is a financial service holding company with operations in Colorado, Arizona, Wyoming, California, and Montana. The Company and its subsidiaries provide a fully integrated suite of wealth management services on a private trust bank platform. The Company offers its services through a branded network of boutique private trust bank offices, loan production offices and trust offices. The Company operates through two segments: Wealth Management and Mortgage. Its Wealth Management segment consists of operations relating to the Companyâs fully integrated wealth management products and services. Services provided include deposit, loan, insurance, and trust and investment management advisory products and services. Its Mortgage segment consists of operations relating to the Companyâs residential mortgage service offerings. Services provided by its mortgage segment include soliciting, originating, and selling mortgage loans on the secondary market.
FIRST WESTERN FINANCIAL, INC. 
