First Western Financial Inc
For the period ended Jul 23, 2026. Filed Jul 23, 2026.
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Jul 23, 2026 · Filed Jul 23, 2026
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EX-99.1 · Net Interest Margin
Net Interest Margin
Net interest margin for thesecond quarter of 2026 increased 9 basis points to 2.90% from 2.81% reported in thefirst quarter of 2026, primarily due to a decrease in cost of funds and an improved mix shift in average interest-earning assets. The yield on interest-earning assets increased 4 basis points to 5.58% from 5.54% reported in the first quarter of 2026, while the cost of funds decreased 4 basis points to 2.86% from 2.90% reported in thefirst quarter of 2026. The increase in yield on interest-earning assets was primarily driven by an improved mix shift in average interest-earning assets as a result of increases in average debt security and loan balances in the quarter, and an increase in loan yields. The decrease in cost of funds was primarily driven by an improved mix shift in average deposits as a result of an increase in average noninterest-bearing deposits, and lower rates on time deposit accounts.
Relative to thesecond quarter of 2025, net interest margin increased 23 basis points from 2.67%, primarily due to a 26 basis point decrease in cost of funds, partially offset by a 2 basis point decrease in yield on interest-earning assets.
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