First Western Financial Inc
For the period ended Oct 23, 2025. Filed Oct 23, 2025.
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Oct 23, 2025 · Filed Oct 23, 2025
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Contents
EX-99.1 · Net Interest Margin
Net Interest Margin
Net interest margin for thethird quarter of 2025 decreased 13 basis points to 2.54% from 2.67% reported in thesecond quarter of 2025, primarily due to an unfavorable mix shift in average interest-earning asset balances and an increase in cost of funds. The increase in cost of funds was driven by an unfavorable mix shift in average deposit balances.
The yield on interest-earning assets decreased 2 basis points to 5.59% from 5.61% reported in thesecond quarter of 2025 and the cost of interest-bearing liabilities increased 4 basis points to 3.67% from 3.63% reported in thesecond quarter of 2025.
Relative to thethird quarter of 2024, net interest margin increased 22 basis points from 2.32%, primarily due to a 33 basis point decrease in total cost of funds as a result of the lower interest rate environment.
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