Earnings Call Summary | First Western Financial(MYFW.US) Q1 2024 Earnings Conference
Earnings Call Summary | First Western Financial(MYFW.US) Q1 2024 Earnings Conference
The following is a summary of the First Western Financial, Inc. (MYFW) Q1 2024 Earnings Call Transcript:
以下是第一西部金融公司（MYFW）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
First Western Financial posted Q1 earnings higher than initial projections, with $2.5 million in net income or $0.26 per diluted share.
Decreased interest income was due to a rise in interest expenses from an increased average cost of deposits.
A 3 basis points decrease was observed in the Net Interest Margin to 2.34% due to an increase in interest-bearing deposit costs.
A 1% quarterly increase was noted in the tangible book value per share.
第一西部金融公佈的第一季度收益高於最初的預期，淨收益爲250萬美元，攤薄後每股收益爲0.26美元。
利息收入減少是由於平均存款成本增加導致利息支出增加。
由於計息存款成本的增加，淨利率下降了3個點子，至2.34％。
每股有形賬面價值季度增長了1％。
Business Progress:
業務進展：
Positive trends were witnessed in the company's efforts to reduce their loan-to-deposit ratio and increase non-interest income, primarily sourced from the wealth management and mortgage banking businesses.
The asset quality improved with a decline in non-performing loans and zero net charge-offs in Q1.
Assets under management have risen by 12% over the past year, an increase of $750 million.
The company plans to focus on core deposit gathering to improve liquidity levels and manage new loan production conservatively.
The bank is betting on increased profitability from the wealth management and mortgage banking sectors in the upcoming quarters, backed by new additions to the Mortgage Loan Originator team.
First Western anticipates loan growth in the latter half of the year, especially in flourishing markets, supported by their platform and team.
The company is fortifying its teams in Arizona and is optimistic about the region's growth.
The bank has opened de novo branches (Bozeman, Vail) which are expected to make significant contributions in the long term.
The bank plans to resolve their remaining large workout credit this year.
該公司努力降低貸款存款比率和增加非利息收入方面出現了積極的趨勢，這些收入主要來自财富管理和抵押貸款銀行業務。
隨着第一季度不良貸款減少和淨扣除額爲零，資產質量有所改善。
在過去的一年中，管理的資產增長了12％，增加了7.5億美元。
該公司計劃將重點放在覈心存款收集上，以提高流動性水平並保守地管理新貸款的產生。
該銀行押注，在抵押貸款發起人團隊新成員的支持下，财富管理和抵押貸款銀行業務將在未來幾個季度中提高盈利能力。
First Western預計，在其平台和團隊的支持下，下半年貸款將增長，尤其是在蓬勃發展的市場。
該公司正在加強其在亞利桑那州的團隊，並對該地區的增長持樂觀態度。
該銀行已經開設了新的分行（博茲曼、韋爾），從長遠來看，這些分行有望做出重大貢獻。
該銀行計劃在今年解決他們剩餘的大額鍛鍊信貸。
More details: First Western Financial IR
更多詳情： 第一西方金融投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。