Operating cash flow remains highly volatile, evidenced by an OCF/NI ratio that has fluctuated between -10.68 and 8.29, indicating that core earnings generation is frequently distorted by lumpy credit provisions and investment activity.
| Cash from Operations | 5.45M | -1.8M | -544K | 21.88M | 48.28M | 162.51M | -93.32M | -21.51M | 17.8M | -5.43M | 19.11M |
| Operating CF Growth % | -75.67% | -230.7% | -102.49% | -54.68% | -70.29% | 274.15% | -333.78% | -220.86% | 427.81% | -128.42% | - |
| Net Income | 15.21M | 13.19M | 8.47M | 5.22M | 21.7M | 20.61M | 24.53M | 8.01M | 5.65M | 2.02M | 2.3M |
| Depreciation & Amortization | 2.6M | 2.64M | 2.56M | 2.38M | 2.01M | 1.26M | 1.12M | 1.67M | 2.22M | 2.45M | 2.42M |
| Deferred Taxes | -407K | -770K | 3.12M | 2.06M | 557K | -668K | -1.3M | -1.22M | 1.81M | 2.67M | 1.31M |
| Other Non-Cash Items | -15.31M | -11.34M | -15.24M | 13.61M | 26.35M | 136.14M | -116.95M | -33.45M | 7.79M | -13.66M | 12.95M |
| Working Capital Changes | 802K | -7.68M | -947K | -3.23M | -4.9M | 2.27M | -3.26M | 1.18M | -1.52M | -211K | -898K |
| Cash from Investing | -330.47M | -264.44M | 66.44M | -66.39M | -558.8M | -43.02M | -456.02M | -116.38M | -63.07M | -102.05M | -96.04M |
| Purchase of Investments | -94.88M | -89.66M | -17.45M | -41.96M | -54.4M | -19.75M | -7.95M | -32.35M | -6.86M | -39.78M | -63.15M |
| Sale/Maturity of Investments | 30.76M | 23.01M | 17.36M | 48.64M | 22.11M | 17.22M | 28.64M | 20.32M | 18.85M | 78.08M | 29.18M |
| Net Investment Activity | -64.12M | -66.65M | -95K | 6.68M | -32.29M | -2.53M | 20.69M | -12.03M | 11.99M | 38.31M | -33.97M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 121M | -61.32M | 0 | 0 | -1M | 0 |
| Other Investing | -262.8M | -193.82M | 67.75M | -70.72M | -523.54M | -159.38M | -414.19M | -103.94M | -74.35M | -138.86M | -60.25M |
| Cash from Financing | 315.59M | 228.58M | -84.3M | 102.44M | 320.05M | 111.5M | 626.69M | 143.17M | 109.13M | 54.3M | 59.98M |
| Dividends Paid | 0 | 0 | -463K | 0 | 0 | 0 | 0 | 0 | -1.38M | -2.29M | -2.84M |
| Share Repurchases | -928K | -784K | -89K | 0 | 0 | 0 | -377K | -743K | 0 | 0 | 0 |
| Stock Issued | -228K | -808K | 0 | 245K | 179K | 1.71M | 0 | 0 | 34.45M | 5.25M | 2.5M |
| Net Stock Activity | -1.16M | -1.59M | -89K | 245K | 179K | 1.71M | -377K | -743K | 34.45M | 5.25M | 2.5M |
| Debt Issuance (Net) | 0 | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K |
| Other Financing | 325.85M | 232.37M | -15.07M | 123.37M | 198.68M | 206.06M | 469.79M | 148.92M | 121.33M | 62.22M | 44M |
| Net Change in Cash | -7.53M | -37.66M | -18.4M | 57.93M | -190.47M | 230.99M | 77.35M | 5.28M | 63.85M | -53.18M | -16.95M |
| Exchange Rate Effect | 1.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 200.28M | 237.94M | 254.44M | 196.51M | 386.98M | 155.99M | 78.64M | 73.36M | 9.5M | 62.69M | 79.64M |
| Cash at End | 264.05M | 200.28M | 236.04M | 254.44M | 196.51M | 386.98M | 155.99M | 78.64M | 73.36M | 9.5M | 62.69M |
| Interest Paid | 62.63M | 85.12M | 90.13M | 71.78M | 16.5M | 5.51M | 7.08M | 12.92M | 8.14M | 5.62M | 4.29M |
| Income Taxes Paid | 0 | 0 | 93K | 2.91M | 5.24M | 6.34M | 11.76M | 2.48M | 439K | 275K | 202K |
| Free Cash Flow | 1.9M | -5.77M | -1.76M | 19.53M | 45.31M | 160.41M | -94.52M | -21.93M | 17.09M | -5.93M | 17.28M |
| FCF Growth % | -75.45% | -228.34% | -109% | -56.89% | -71.75% | 269.7% | -331.07% | -228.34% | 388.18% | -134.31% | - |
Mortgage segment volatility
Based on reported financial statements, First Western Financial's investment activity shows significant volatility, with quarterly purchase outflows reaching as high as $51.4 million in 2025Q3, suggesting that the firm is actively managing its securities portfolio to offset the inherent instability of its mortgage-driven cash flow streams.
The frequent swings between net purchases and sales of investment securities indicate a tactical approach to liquidity management rather than a static hold-to-maturity strategy. Investors should monitor whether this turnover is driven by a need to fund loan growth or a reactive response to fluctuating deposit levels in its boutique markets.
As indicated by the provided cash flow data, First Western Financial has maintained a minimal capital return profile, with dividends paid appearing only once in the last ten quarters and share buybacks remaining negligible, which suggests that the firm is prioritizing capital retention over direct shareholder distributions.
The absence of consistent dividend payments or meaningful share repurchases implies that the bank is likely retaining earnings to support its boutique expansion strategy and maintain regulatory capital buffers. This approach warrants further investigation into whether the firm's current growth trajectory justifies the lack of capital return to shareholders.
According to the historical cash flow data, the bank's provision for credit losses has fluctuated significantly, reaching a peak of $8.5 million in 2023Q4, which suggests that the firm's earnings quality is susceptible to lumpy credit impairments within its concentrated high-net-worth loan portfolio.
The inconsistency in provision levels relative to net income highlights the potential for credit-related volatility to disrupt cash flow stability. Analysts should interpret these swings as a reflection of the bank's exposure to specific, large-ticket loans that are characteristic of its private banking and wealth management model.
Based on the reported figures, the OCF/NI ratio has exhibited extreme variance, ranging from -10.68 in 2024Q2 to 8.29 in 2024Q3, which indicates that the traditional operating cash flow metric is a poor proxy for the bank's underlying profitability and core earnings generation capacity.
This extreme volatility in operating cash flow appears to be driven by the bank's mortgage origination activities and changes in trading assets, which mask the true cash-generating potential of the wealth management segment. Investors should look past these headline cash flow figures and focus on recurring fee income and net interest margin trends to assess the firm's actual financial health.
Quick answers to the most common questions about buying MYFW stock.
First Western Financial, Inc. (MYFW) generated $-1.8M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
First Western Financial, Inc. (MYFW) reported negative free cash flow of $5.8M in 2025, indicating capital requirements exceeded cash from operations.
First Western Financial, Inc. (MYFW) spent $4.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, First Western Financial, Inc. (MYFW) spent $0.8M on share repurchases. This shows the company's commitment to returning capital to its equity investors.