First Western Trust

Private trust banking and wealth management

First Western Trust

Private trust banking and wealth management

Overview

First Western Financial is a private trust bank-based financial holding company that serves high-net-worth individuals, families, entrepreneurs, and business owners in the Western U.S. Its main activities are Wealth Management, which bundles private banking, commercial banking, trust and estate services, investment management, and wealth planning through boutique offices, and Mortgage, which originates and sells residential loans on the secondary market. The approach combines personalized, high-touch service at localized offices with institutional-quality financial products to differentiate from larger, less personal firms. Its goal is to grow through selective expansion and acquisitions while delivering integrated private banking and wealth-management solutions.

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About First Western Trust

Simplify's Rating

Why First Western Trust is rated

B-

Rated B on Competitive Edge

Rated B on Growth Potential

Rated C on Differentiation

Industries

Financial Services

Company Size

201-500

Company Stage

IPO

Headquarters

Denver, Colorado

Founded

2002

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Simplify's Take

What believers are saying

Q2 2026 net income reached $5.7 million, with EPS $0.57 and NIM 2.90%.
Deposits rose to $2.84 billion in Q1 2026, while noninterest deposits grew.
Bill Sullivan joined September 2026, signaling aggressive hiring and expansion across Western markets.

What critics are saying

Pomerantz and Portnoy launched 2026 securities investigations, keeping shareholder litigation pressure alive.
Q2 2026 revenue missed estimates, and management cited weaker mortgage origination volume.
A trust-bank run or credit loss spike would crush a small-cap lender's capital base.

What makes First Western Trust unique

First Western serves affluent Western entrepreneurs through boutique trust offices in Colorado, Arizona, Wyoming, Montana.
Its trust, private banking, lending, and wealth planning stack reduces client handoff friction.
Scott Wylie founded it in 2002, retaining an entrepreneurial culture rivals rarely match.

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Funding

Total Funding

$9M

Above

Industry Average

Funded Over

2 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!

Early VC Funding Comparison Coming Soon

Benefits

Strong Bonus Potential
401(k) Company Match
Paid Parking/Transportation Benefits
Access to Training & Professional Development Programs
Sponsorship for Obtaining Professional Certifications
Flex Spending Accounts
Health Savings Account
Health & Wellness Benefits
Paid Time-Off+ Bank Holidays

Stock Price

Growth & Insights and Company News

6 month growth

1 year growth

2 year growth

Associated Press

Oct 22nd, 2026

First Western Q3 net income rises to $6.0M as loans grow 3.5% to $2.81B

First Western Financial reported third-quarter 2026 net income available to common shareholders of $6.0 million, or $0.60 per diluted share. That compares with $5.7 million in the second quarter and $3.2 million a year earlier. The Denver-based wealth management and banking group saw pre-tax, pre-provision net income rise 14.5% to $7.9 million. Net interest income grew 5.5% to $23.0 million, and net interest margin rose to 2.95% from 2.90%. Loans held for investment increased $95.0 million to $2.81 billion. Deposits rose $70.0 million to $2.92 billion. Non-performing assets fell to $13.3 million from $16.3 million in the second quarter. Assets under management slipped 0.8% to $7.21 billion. Chief executive officer Scott C. Wylie cited strong loan and deposit growth and disciplined expense management.

Yahoo Finance

Sep 15th, 2026

First Western Trust appoints Bill Sullivan as Executive Director of Strategic Planning

First Western Trust, a subsidiary of First Western Financial, Inc. (NASDAQ: MYFW), has appointed Bill Sullivan as Executive Director of Strategic Planning. Sullivan brings nearly four decades of banking leadership experience and deep knowledge of the Colorado market. In his new role, Sullivan will evaluate and implement strategic growth initiatives, expand relationships across the company's markets, and support recruiting efforts. Most recently, he spent over a decade leading BOK Financial's Colorado market as President and Chief Executive Officer. Sullivan said he was drawn to First Western's Colorado roots, commitment to supporting entrepreneurs throughout the Western United States, and entrepreneurial spirit. The appointment reflects the company's momentum in attracting experienced banking professionals as it continues expanding its presence across the Western United States.

Yahoo Finance

Jul 23rd, 2026

First Western reports Q2 2026 net income of $5.7M as net interest margin expands to 2.90%

First Western Financial reported second quarter 2026 net income available to common shareholders of $5.7 million, or $0.57 per diluted share. This compares to $6.2 million, or $0.63 per diluted share, in the first quarter of 2026, and $2.5 million, or $0.26 per diluted share, in the second quarter of 2025. Net interest income increased $0.9 million, or 4.3%, from $20.9 million in Q1 2026 to $21.8 million in Q2. The Denver-based company's net interest margin expanded 9 basis points from 2.81% to 2.90% quarter-over-quarter. Average noninterest-bearing deposits grew $17.8 million, or 5.1%, from $347.5 million in Q1 to $365.3 million in Q2.

Associated Press

May 11th, 2026

First Western Trust hires Alison Timboe as senior vice president in Jackson Hole

First Western Trust has appointed Alison Timboe as Senior Vice President, Trust Officer in its Jackson Hole, Wyoming office. Timboe brings nearly two decades of experience in estate planning, fiduciary advisory and trust administration, most recently serving as Senior Trust Advisor at Wells Fargo Private Bank. In her new role, Timboe will strengthen First Western Trust's trust services in Wyoming whilst supporting clients across the firm's Western markets. She will partner with clients and advisors to develop customised trust strategies and help families leverage Wyoming trust situs advantages. Timboe holds a bachelor's degree in business economics from UC Santa Barbara, a Juris Doctor from Vermont Law and Graduate School, and an LL.M. in Taxation from the University of San Diego. First Western Trust serves high-net-worth clients across Colorado, Arizona, Wyoming and Montana.

Associated Press

Apr 23rd, 2026

First Western reports Q1 2026 net income of $6.2M, up 88% from previous quarter

First Western Financial reported net income available to common shareholders of $6.2 million, or $0.63 per diluted share, for the first quarter of 2026, up from $3.3 million, or $0.34 per share, in the fourth quarter of 2025. The Denver-based financial services holding company saw net interest margin increase 10 basis points to 2.81% from 2.71% in the previous quarter. Net interest income rose 1.5% to $20.9 million, whilst non-interest income increased 9.8% to $6.7 million. Total deposits grew $95 million, or 3.5%, to $2.84 billion during the quarter. Total loans held for investment increased 1.5% to $2.69 billion. Non-performing assets decreased to $16.3 million, or 0.50% of total assets, from $19.6 million in the previous quarter. Book value per common share rose 2.9% to $28.10.

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