First Western Financial Management

Management criteria checks 4/4

First Western Financial's CEO is Scott Wylie, appointed in Jan 2002, has a tenure of 22.33 years. total yearly compensation is $1.31M, comprised of 43.9% salary and 56.1% bonuses, including company stock and options. directly owns 7.46% of the company’s shares, worth $11.82M. The average tenure of the management team and the board of directors is 2.3 years and 13.3 years respectively.

Key information

Scott Wylie

Chief executive officer

US$1.3m

Total compensation

CEO salary percentage	43.9%
CEO tenure	22.3yrs
CEO ownership	7.5%
Management average tenure	2.3yrs
Board average tenure	13.3yrs

Recent management updates

Recent updates

First Western Financial Non-GAAP EPS of $0.66 beats by $0.03, revenue of $29.25M misses by $0.2M

Oct 20

With EPS Growth And More, First Western Financial (NASDAQ:MYFW) Is Interesting

May 04

What You Need To Know About First Western Financial, Inc.'s (NASDAQ:MYFW) Investor Composition

Mar 02

If You Had Bought First Western Financial (NASDAQ:MYFW) Stock A Year Ago, You Could Pocket A 13% Gain Today

Jan 25

Need To Know: First Western Financial, Inc. (NASDAQ:MYFW) Insiders Have Been Selling Shares

Dec 29

With EPS Growth And More, First Western Financial (NASDAQ:MYFW) Is Interesting

Dec 02

CEO Compensation Analysis

How has Scott Wylie's remuneration changed compared to First Western Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$4m
Dec 31 2023	US$1m	US$575k	US$5m
Sep 30 2023	n/a	n/a	US$14m
Jun 30 2023	n/a	n/a	US$17m
Mar 31 2023	n/a	n/a	US$20m
Dec 31 2022	US$2m	US$575k	US$22m
Sep 30 2022	n/a	n/a	US$18m
Jun 30 2022	n/a	n/a	US$18m
Mar 31 2022	n/a	n/a	US$20m
Dec 31 2021	US$2m	US$550k	US$21m
Sep 30 2021	n/a	n/a	US$24m
Jun 30 2021	n/a	n/a	US$27m
Mar 31 2021	n/a	n/a	US$29m
Dec 31 2020	US$2m	US$469k	US$25m
Sep 30 2020	n/a	n/a	US$22m
Jun 30 2020	n/a	n/a	US$15m
Mar 31 2020	n/a	n/a	US$8m
Dec 31 2019	US$867k	US$450k	US$8m
Sep 30 2019	n/a	n/a	US$7m
Jun 30 2019	n/a	n/a	US$6m
Mar 31 2019	n/a	n/a	US$5m
Dec 31 2018	US$708k	US$450k	US$4m
Sep 30 2018	n/a	n/a	US$2m
Jun 30 2018	n/a	n/a	US$1m
Mar 31 2018	n/a	n/a	US$405k
Dec 31 2017	US$4m	US$450k	-US$268k

Compensation vs Market: Scott's total compensation ($USD1.31M) is about average for companies of similar size in the US market ($USD1.64M).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.

CEO

Scott Wylie (65 yo)

22.3yrs

Tenure

US$1,308,579

Compensation

Mr. Scott C. Wylie co-founded and serves as Chairman, Chief Executive Officer, and served as President of First Western Trust Bank and serves as Chairman, Chief Executive Officer & President at First Weste...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Scott Wylie	Chairman	22.3yrs	US$1.31m	7.46% $ 11.8m
Julie Courkamp	COO & Director	2.3yrs	US$728.56k	0.26% $ 418.2k
David Weber	CFO & Treasurer	less than a year	no data	0.013% $ 20.8k
Jesica Montgomery	Principal Accounting Officer & Controller	less than a year	no data	0.0074% $ 11.8k
Matthew Cassell	Chief Banking Officer	4yrs	no data	0.083% $ 130.9k
Scott Lawley	Chief Credit Officer	no data	no data	0.091% $ 144.5k
James Scott	Chief Client Experience Officer	no data	no data	no data

2.3yrs

Average Tenure

46yo

Average Age

Experienced Management: MYFW's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Scott Wylie	Chairman	22.3yrs	US$1.31m	7.46% $ 11.8m
Julie Courkamp	COO & Director	3.3yrs	US$728.56k	0.26% $ 418.2k
Eric Sipf	Independent Director	21.3yrs	US$62.10k	1.89% $ 3.0m
Thomas Gart	Independent Director	11.3yrs	US$60.80k	0.95% $ 1.5m
Julie Caponi	Independent Director	7.3yrs	US$72.10k	0.17% $ 263.0k
Joseph Zimlich	Lead Independent Director	20.3yrs	US$61.00k	0.36% $ 571.6k
Patrick Hamill	Independent Director	20.3yrs	US$61.70k	1.66% $ 2.6m
Luke Latimer	Independent Director	8.8yrs	US$67.10k	0.52% $ 828.5k
David Duncan	Independent Director	13.3yrs	US$60.10k	0.52% $ 817.1k
Mark Smith	Independent Director	22.3yrs	US$65.80k	0.48% $ 763.2k
Scott Mitchell	Independent Director	3.3yrs	US$66.10k	0.037% $ 59.0k

13.3yrs

Average Tenure

62yo

Average Age

Experienced Board: MYFW's board of directors are seasoned and experienced ( 13.3 years average tenure).

First Western Financial Management

Management criteria checks 4/4

Key information

Recent management updates

First Western Financial, Inc., Annual General Meeting, Jun 05, 2024

Insufficient new directors

Chairman recently sold US$696k worth of stock

CFO, COO exercised options to buy US$63k worth of stock.

First Western Financial, Inc. Promotes David Weber to Treasurer, Effective October 1, 2023

First Western Financial, Inc. Announces Executive Promotions

Recent updates

First Western Financial, Inc., Annual General Meeting, Jun 05, 2024

Investor sentiment improves as stock rises 20%

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

First Western Financial, Inc. to Report Q1, 2024 Results on Apr 18, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Insufficient new directors

Chairman recently sold US$696k worth of stock

Consensus EPS estimates fall by 16%

Price target increased by 8.2% to US$22.00

First Western Financial, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

First Western Financial, Inc. to Report Q4, 2023 Results on Jan 25, 2024

Investor sentiment deteriorates as stock falls 22%

Price target decreased by 9.9% to US$21.33

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

First Western Financial, Inc. Reports Net Charge-Offs for the Three Months Ended September 30, 2023

First Western Financial, Inc. to Report Q3, 2023 Results on Oct 19, 2023

CFO, COO exercised options to buy US$63k worth of stock.

First Western Financial, Inc. Promotes David Weber to Treasurer, Effective October 1, 2023

First Western Financial, Inc. Announces Executive Promotions

New minor risk - Insider selling

Insider recently sold US$52k worth of stock

Consensus EPS estimates fall by 16%

Price target increased by 7.8% to US$23.00

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

First Western Financial, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Investor sentiment improves as stock rises 16%

Investor sentiment deteriorates as stock falls 16%

Consensus EPS estimates fall by 13%

Price target decreased by 14% to US$27.50

Full year 2022 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorates as stock falls 21%

Independent Director exercised options to buy US$78k worth of stock.

Consensus EPS estimates fall by 20%

Price target decreased by 8.6% to US$30.17

Consensus EPS estimates fall by 20%

First Western Financial, Inc. to Report Q4, 2022 Results on Jan 26, 2023

Independent Director recently sold US$95k worth of stock

First Western Financial, Inc. announced that it has received $20 million in funding

Chairman recently sold US$78k worth of stock

Price target decreased to US$33.33

Third quarter 2022 earnings: EPS exceeds analyst expectations

First Western Financial Non-GAAP EPS of $0.66 beats by $0.03, revenue of $29.25M misses by $0.2M

First Western Financial, Inc. to Report Q3, 2022 Results on Oct 20, 2022

Chairman recently sold US$87k worth of stock

Chairman recently sold US$211k worth of stock

Consensus forecasts updated

Price target decreased to US$38.00

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

First Western Financial, Inc. to Report Q2, 2022 Results on Jul 28, 2022

Independent Director recently sold US$115k worth of stock

First quarter 2022 earnings: EPS in line with expectations, revenues disappoint

First Western Financial, Inc. to Report Q1, 2022 Results on Apr 28, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Director recently bought US$99k worth of stock

First Western Financial, Inc. Appoints Julie A. Courkamp as Chief Operating Officer

First Western Financial, Inc. Reports Unaudited Consolidated Net Charge-Offs for the Fourth Quarter Ended December 31, 2021

First Western Financial, Inc. (NasdaqGS:MYFW) acquired Teton Financial Services, Inc. for $52.1 million.

Independent Director exercised options to buy US$120k worth of stock.

Chairman notifies of intention to sell stock

Price target increased to US$40.33

Price target increased to US$37.33

Third quarter 2021 earnings released: EPS US$0.80 (vs US$1.22 in 3Q 2020)

Insider recently bought US$100k worth of stock

First Western Financial, Inc. announced that it has received $15 million in funding

Chairman recently sold US$656k worth of stock

Second quarter 2021 earnings released: EPS US$0.79 (vs US$1.10 in 2Q 2020)

First Western Financial, Inc. (NasdaqGS:MYFW) entered into an Agreement and Plan of Merger to acquire Teton Financial Services, Inc. for $47.8 million.

First Western Financial, Inc.(NasdaqGS:MYFW) dropped from Russell 3000E Value Index

With EPS Growth And More, First Western Financial (NASDAQ:MYFW) Is Interesting