First Historical Income Statement
MYFW Stock | USD 19.29 0.41 2.08% |
Historical analysis of First Western income statement accounts such as Interest Expense of 78.2 M can show how well First Western Financial performed in making a profits. Evaluating First Western income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Western's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining First Western Financial latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Western Financial is a good buy for the upcoming year.
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About First Income Statement Analysis
First Western Financial Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First Western shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
First Western Income Statement Chart
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Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in First Western Financial financial statement analysis. It represents the amount of money remaining after all of First Western Financial operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Gross Profit
Gross profit is a required income statement account that reflects total revenue of First Western Financial minus its cost of goods sold. It is profit before First Western operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Cost Of Revenue
Cost of Revenue is found on First Western Financial income statement and represents the costs associated with goods and services First Western provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from First Western's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First Western Financial current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in First Western Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. At this time, First Western's Interest Income is fairly stable compared to the past year. Interest Expense is likely to climb to about 78.2 M in 2024, whereas Net Interest Income is likely to drop slightly above 46.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 61.9M | 100.1M | 138.8M | 145.7M | Net Interest Income | 56.5M | 82.8M | 75.3M | 46.1M |
First Western income statement Correlations
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First Western Account Relationship Matchups
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First Western income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Tax Provision | 2.2M | 8.5M | 6.7M | 7.1M | 4.8M | 2.7M | |
Net Interest Income | 32.1M | 46.1M | 56.5M | 82.8M | 75.3M | 46.1M | |
Interest Income | 45.1M | 53.3M | 61.9M | 100.1M | 138.8M | 145.7M | |
Interest Expense | 13.0M | 7.2M | 5.4M | 17.3M | 74.5M | 78.2M | |
Income Before Tax | 10.2M | 33.1M | 27.3M | 28.8M | 7.1M | 13.8M | |
Net Income Applicable To Common Shares | 8.0M | 24.5M | 20.6M | 21.7M | 25.0M | 26.2M | |
Net Income | 8.0M | 24.5M | 20.6M | 21.7M | 5.2M | 5.0M | |
Income Tax Expense | 2.2M | 8.5M | 6.7M | 7.1M | 1.8M | 1.7M | |
Depreciation And Amortization | 374K | 1.1M | 1.2M | 2.1M | 2.4M | 1.4M | |
Selling General Administrative | 38.9M | 42.8M | 50.8M | 54.6M | 47.9M | 47.1M | |
Selling And Marketing Expenses | 1.3M | 1.5M | 1.6M | 1.9M | 1.5M | 1.3M | |
Total Revenue | 64.6M | 97.3M | 96.7M | 1.5M | 82.7M | 70.1M | |
Gross Profit | 64.6M | 97.3M | 96.7M | 1.5M | 82.7M | 70.1M | |
Other Operating Expenses | 54.4M | (64.2M) | (69.4M) | 1.9M | 70.0M | 73.5M | |
Operating Income | 10.2M | 33.1M | 27.3M | 47.8M | 7.1M | 6.7M | |
Net Income From Continuing Ops | 8.0M | 24.5M | 20.6M | 21.7M | 13.9M | 13.6M | |
Ebit | 10.2M | 33.1M | 27.3M | 28.7M | 7.1M | 6.7M | |
Ebitda | 10.6M | 34.2M | 28.5M | 30.8M | 9.4M | 9.0M | |
Total Operating Expenses | (54.4M) | (64.2M) | (69.4M) | 1.9M | 70.0M | 73.5M | |
Total Other Income Expense Net | 10.2M | (4.3M) | (7.4M) | (4.9M) | (5.6M) | (5.9M) | |
Reconciled Depreciation | 1.7M | 1.1M | 17K | 308K | 2.0M | 1.1M |
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When running First Western's price analysis, check to measure First Western's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Western is operating at the current time. Most of First Western's value examination focuses on studying past and present price action to predict the probability of First Western's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Western's price. Additionally, you may evaluate how the addition of First Western to your portfolios can decrease your overall portfolio volatility.