Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks a ...

财务数据和关键指标变化 - 公司在第二季度实现净利润1.1百万美元,每股摊薄收益约0.11美元,税前拨备前净收入为3.7百万美元,与上一季度和去年同期基本持平 [14] - 贷款规模较上季度下降2000万美元,但6月份贷款规模有所增加 [16] - 存款总额有所下降,主要受季节性税款支付、运营账户波动和客户进一步进行战略投资等因素影响,但平均存款较去年同期增加3900万美元 [18] - 资产管理规模下降1.29亿美元,主要受客户提款和托管账户减少影响,但过去一年增长8% [20] 各条业务线数据和关键指标变化 - 净利息收入较上季度下降1.9%,主要由于活期存款减少,但净利差略有改善,从2.34%上升至2.35% [21][22][23] - 非利息收入较上季度下降4.2%,但较去年同期平均水平增长29.6%,其中信托和投资管理费用以及贷款销售净收益持续做出较大贡献 [24] - 非利息支出下降,主要由于专业服务费用减少,效率比率呈现改善趋势 [25] 各个市场数据和关键指标变化 - 非良性资产略有增加,主要是由于收回两处抵押物并计入其他实有资产,但不良贷款余额和逾期贷款余额均有所下降 [26][27] - 公司在博兹曼和亚利桑那州的新开设的全服务网点进展良好,正在建立较强的当地团队 [79][80] 公司战略和发展方向及行业竞争 - 公司将继续保持谨慎的风险管理和保守的贷款投放策略,同时专注于维持严格的费用控制和开发新的存款关系 [9][28][29] - 公司正在重组投资管理业务以提升其业绩和业务开发能力 [30] - 公司正在进行技术平台的重大升级改造,以提高效率和降低成本 [82][83][84] - 公司正在积极招聘新的前线销售人员,以提升各业务线的发展势头 [51][52][53][54][55][62][63] 管理层对经营环境和未来前景的评论 - 尽管经济环境仍存在不确定性,但公司将继续专注于谨慎的风险管理和保守的贷款投放策略 [28] - 公司看到净息差、抵押贷款业务和存款开发等方面的积极趋势,预计下半年盈利水平将有所提高 [30] - 公司资产质量和资本充足率持续改善,为未来资本运用提供了灵活性 [30] 问答环节重要的提问和回答 问题1 **Wood Lay 提问** 询问公司最大不良贷款的最新进展和损失预期 [33][35] **Scott Wylie 回答** 公司最大不良贷款余额约2900万美元,已计提8.2百万美元的专项拨备,其中2.4百万美元是在第二季度计提的。公司正在积极处置抵押物,预计在2024年内完成 [34][36] 问题2 **Unidentified Analyst 提问** 询问公司未来费用支出的预期 [45] **Scott Wylie 回答** 公司预计未来几个季度的非利息支出将保持相对稳定,主要取决于业绩激励性薪酬的水平 [46] 问题3 **Bill Dezellem 提问** 询问公司在人才招聘方面的进展和计划 [51][63] **Scott Wylie 和 Julie Courkamp 回答** 公司今年上半年已净增加14名前线销售人员,增幅达24%,并计划在下半年继续保持同样的招聘节奏。公司在市场上的知名度和声誉正在提升,有助于吸引优秀人才 [52][54][55][56]

业绩总结 - 2024年第二季度可供普通股东的净收入为110万美元，每股摊薄收益为0.11美元[4] - 税前、预拨备净收入为375万美元，较上一季度的365万美元有所增加[4] - 毛收入较上季度下降2%[115] - 净利息收入较上季度下降0.3百万美元，降幅为1.9%[142] - 非利息收入较上季度下降4.2%[170] 用户数据 - 贷款总额从上一季度减少1950万美元，主要由于新贷款生产有限且被偿还额抵消[45] - 平均存款较上一季度减少4100万美元，期末存款减少1.21亿美元，主要受季节性税款和客户流动性使用影响[78] - 管理资产总额在本季度减少1.8%至70亿美元，但较2023年第二季度增加7.8%[96] - 不良贷款较上一季度下降，净坏账/平均贷款为0.00%[10] - 每股有形账面价值增加约0.2%至22.27美元[27] 新产品和新技术研发 - 抵押贷款生产从上季度的9100万美元增加至1.41亿美元，主要由于市场上购房活动增加[172] - 非利息支出减少至1900万美元，主要由于法律费用降低和欺诈损失减少[197] 市场扩张和并购 - 公司在新存款关系方面取得成功，2024年第二季度新增存款关系带来2200万美元[78] 未来展望 - 净利息利润率从1Q24的2.34%小幅上升1个基点至2Q24的2.35%[143] - 非利息支出预计在未来几个季度保持相对稳定，主要变量为与财务表现相关的激励补偿[198] 其他新策略和有价值的信息 - 非利息收入来自财富管理和抵押贷款业务的强劲贡献[8] - 净利息收入占总收入的69.4%[117] - 非利息收入占总收入的30.6%[117]

First Western, which belongs to the Zacks Banks - Midwest industry, posted revenues of $22.75 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4.01%. This compares to year-ago revenues of $22.4 million. The company has topped consensus revenue estimates just once over the last four quarters. While First Western has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? It will be interesting to see how estimates ...

Exhibit 99.1 Second Quarter 2024 Summary First Western Reports Second Quarter 2024 Financial Results • Book value per common share increased 0.1% from $25.52 in Q1 2024 to $25.55 in Q2 2024. Tangible book value per common share increased 0.2% from $22.21 in Q1 2024 to $22.27 in Q2 2024 (1) • Net interest margin stabilized during the quarter, with a slight increase of 1 basis point from 2.34% in Q1 2024 to 2.35% in Q2 2024 • Net income available to common shareholders of $1.1 million in Q2 2024, compared to ...

Book value per common share increased 0.1% from $25.52 in Q1 2024 to $25.55 in Q2 2024. Tangible book value per common share(1) increased 0.2% from $22.21 in Q1 2024 to $22.27 in Q2 2024 Net interest margin stabilized during the quarter, with a slight increase of 1 basis point from 2.34% in Q1 2024 to 2.35% in Q2 2024 Net income available to common shareholders of $1.1 million in Q2 2024, compared to $2.5 million in Q1 2024 Diluted earnings per share of $0.11 in Q2 2024, compared to $0.26 in Q1 2024 Total c ...

Wall Street expects a year-over-year increase in earnings on higher revenues when First Western (MYFW) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On ...

Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. For First Western, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. Current-Year Estimate Revisions Bottom Line First Western (MYFW) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lat ...

Under the plan, First Western Financial is authorized to repurchase up to 2 million shares, representing almost 2% of its outstanding shares. The program will be in effect for one year. First Western Financial doesn't pay dividends. Over the years, First Western Financial has expanded organically and through strategic acquisitions. In 2021, the company acquired Teton Financial Services, Inc. The transaction expanded the company's presence in Wyoming. First Western Financial has a solid balance sheet positio ...

First Western is a financial services holding company headquartered in Denver, Colorado, with operations in Colorado, Arizona, Wyoming, California, and Montana. First Western and its subsidiaries provide a fully integrated suite of wealth management services on a private trust bank platform, which includes a comprehensive selection of deposit, loan, trust, wealth planning and investment management products and services. First Western's common stock is traded on the Nasdaq Global Select Market under the symb ...