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.

Cash Flow Balance Sheet Income Statement

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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.

Net Income Gross Profit

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.

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

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.

Income Before Tax Net Income Income Tax Expense Selling General Administrative Selling And Marketing Expenses Gross Profit

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on First Western income statement and is an important metric when analyzing First Western Financial profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

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.

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.

	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

Interest Income Net Interest Income

First Western income statement Correlations

	Tax Provision	Net Interest Income	Interest Income	Income Before Tax	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Net Income From Continuing Ops	Ebit	Ebitda	Total Operating Expenses	Total Other Income Expense Net	Reconciled Depreciation	Extraordinary Items
Tax Provision		0.7	0.55	0.79	0.17	0.68	-0.51	0.69	-0.7	0.24	0.24	-0.44	0.55	0.73	0.59	0.58	0.25	0.05	-0.66	0.26
Net Interest Income	0.7		0.81	0.73	0.43	0.64	-0.28	0.95	-0.44	0.0	0.0	-0.34	0.66	0.84	0.55	0.55	0.57	-0.08	-0.76	0.53
Interest Income	0.55	0.81		0.46	0.06	0.27	-0.27	0.81	-0.54	0.12	0.12	0.06	0.22	0.63	0.13	0.12	0.9	-0.08	-0.55	0.82
Income Before Tax	0.79	0.73	0.46		0.71	0.95	-0.62	0.81	-0.51	0.21	0.21	-0.79	0.86	0.96	0.91	0.9	0.05	0.0	-0.91	0.01
Net Income	0.17	0.43	0.06	0.71		0.81	-0.37	0.52	0.01	0.08	0.08	-0.83	0.8	0.72	0.85	0.84	-0.27	-0.04	-0.69	-0.27
Income Tax Expense	0.68	0.64	0.27	0.95	0.81		-0.5	0.69	-0.36	0.17	0.17	-0.88	0.91	0.89	0.97	0.96	-0.13	-0.05	-0.83	-0.14
Depreciation And Amortization	-0.51	-0.28	-0.27	-0.62	-0.37	-0.5		-0.42	0.65	-0.45	-0.45	0.42	-0.3	-0.58	-0.43	-0.38	0.07	-0.64	0.63	0.01
Selling General Administrative	0.69	0.95	0.81	0.81	0.52	0.69	-0.42		-0.47	0.06	0.06	-0.44	0.69	0.89	0.61	0.61	0.51	-0.09	-0.9	0.43
Selling And Marketing Expenses	-0.7	-0.44	-0.54	-0.51	0.01	-0.36	0.65	-0.47		-0.4	-0.4	0.13	-0.18	-0.51	-0.29	-0.26	-0.32	-0.22	0.45	-0.36
Total Revenue	0.24	0.0	0.12	0.21	0.08	0.17	-0.45	0.06	-0.4		1.0	-0.36	-0.22	0.28	0.11	0.09	-0.05	-0.01	-0.14	0.31
Gross Profit	0.24	0.0	0.12	0.21	0.08	0.17	-0.45	0.06	-0.4	1.0		-0.36	-0.22	0.28	0.11	0.09	-0.05	-0.01	-0.14	0.31
Other Operating Expenses	-0.44	-0.34	0.06	-0.79	-0.83	-0.88	0.42	-0.44	0.13	-0.36	-0.36		-0.75	-0.7	-0.92	-0.91	0.46	0.16	0.69	0.36
Operating Income	0.55	0.66	0.22	0.86	0.8	0.91	-0.3	0.69	-0.18	-0.22	-0.22	-0.75		0.79	0.93	0.94	-0.11	-0.09	-0.78	-0.25
Net Income From Continuing Ops	0.73	0.84	0.63	0.96	0.72	0.89	-0.58	0.89	-0.51	0.28	0.28	-0.7	0.79		0.82	0.81	0.25	-0.03	-0.91	0.25
Ebit	0.59	0.55	0.13	0.91	0.85	0.97	-0.43	0.61	-0.29	0.11	0.11	-0.92	0.93	0.82		1.0	-0.27	-0.11	-0.78	-0.28
Ebitda	0.58	0.55	0.12	0.9	0.84	0.96	-0.38	0.61	-0.26	0.09	0.09	-0.91	0.94	0.81	1.0		-0.25	-0.17	-0.76	-0.28
Total Operating Expenses	0.25	0.57	0.9	0.05	-0.27	-0.13	0.07	0.51	-0.32	-0.05	-0.05	0.46	-0.11	0.25	-0.27	-0.25		-0.16	-0.16	0.89
Total Other Income Expense Net	0.05	-0.08	-0.08	0.0	-0.04	-0.05	-0.64	-0.09	-0.22	-0.01	-0.01	0.16	-0.09	-0.03	-0.11	-0.17	-0.16		-0.01	-0.12
Reconciled Depreciation	-0.66	-0.76	-0.55	-0.91	-0.69	-0.83	0.63	-0.9	0.45	-0.14	-0.14	0.69	-0.78	-0.91	-0.78	-0.76	-0.16	-0.01		-0.07
Extraordinary Items	0.26	0.53	0.82	0.01	-0.27	-0.14	0.01	0.43	-0.36	0.31	0.31	0.36	-0.25	0.25	-0.28	-0.28	0.89	-0.12	-0.07

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First Western Account Relationship Matchups

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.

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First Historical Income Statement

About First Income Statement Analysis

First Western Income Statement Chart

Income Before Tax

Net Income

Gross Profit

First Western income statement Correlations

First Western Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Western income statement Accounts

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Gross Profit	+ 1.0	Total Revenue
Ebitda	+ 1.0	Ebit
Ebit	+ 0.97	Income Tax Expense
Net Income From Continuing Ops	+ 0.96	Income Before Tax
Ebitda	+ 0.96	Income Tax Expense
Selling General Administrative	+ 0.95	Net Interest Income

Ebit	- 0.92	Other Operating Expenses
Reconciled Depreciation	- 0.91	Net Income From Continuing Ops
Ebitda	- 0.91	Other Operating Expenses
Reconciled Depreciation	- 0.91	Income Before Tax
Reconciled Depreciation	- 0.9	Selling General Administrative
Other Operating Expenses	- 0.88	Income Tax Expense