First Western Financial
Income Statement

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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. First Western Financial's past years’ income statements indicate that its last revenue has increased compared to the previous period by 5592% to $82,698,000. Profit margin reached 6%. Total operating expenses were $70,013,000.

Profit Margin

First Western Financial, Inc. (NASDAQ:MYFW): Profit margin
2016 54.37M 2.30M 4.23%
2017 55.28M 2.02M 3.66%
2018 57.08M 5.64M 9.89%
2019 64.63M 8.00M 12.39%
2020 97.28M 24.53M 25.22%
2021 96.65M 20.61M 21.32%
2022 1.45M 21.69M 1493.32%
2023 82.69M 5.22M 6.32%

MYFW Income Statement (2016 – 2023)

2023 2022 2021 2020 2019 2018 2017 2016
Revenue
Revenue
82.69M1.45M96.65M97.28M64.63M57.08M55.28M54.37M
Cost of revenue
00000000
Gross profit
82.69M1.45M96.65M97.28M64.63M57.08M55.28M54.37M
Operating exp.
Research and development
00000000
Selling and marketing
1.54M1.88M1.61M1.47M1.29M1.25M1.49M2.17M
Total operating expenses
70.01M1.88M-69.37M-64.21M-54.44M-41.48M-44.52M-45.74M
Operating income
7.06M47.80M27.28M33.06M10.19M15.59M10.76M8.63M
Other income (expenses), net
0-18.97M27.28M-4.30M10.19M-8.17M-2.79M-5.06M
Income before tax
7.06M28.82M27.28M33.06M10.19M7.42M5.00M3.57M
Income tax expense
1.83M7.13M6.67M8.52M2.18M1.77M2.98M1.26M
Net income
5.22M21.69M20.61M24.53M8.00M5.64M2.02M2.30M
Earnings per share
Basic EPS
0.552.292.583.111.020.84-0.04-0.09
Diluted EPS
0.542.232.53.081.010.84-0.04-0.09
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