Revenue: USD 22 million (-2.2% compared to Q3 2023).
Net profit: USD 2.13 million (down 32% from Q3 2023).
Margin: 9.7% (down from 14% in Q3 2023). The decrease in profit margin was primarily due to an increase in expenses.
EPS: USD 0.22 (down from USD 0.33 in Q3 2023).
Profit and revenue growth
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Sales were 6.6% lower than analysts expected. Earnings per share (EPS) also fell 21% below analyst expectations.
Looking ahead, revenues are expected to grow by an average of 20% annually over the next two years, compared to a 6.7% growth forecast for the U.S. banking industry.
Performance of the American banking industry.
The company’s stock price fell 9.6% from the previous week.
You should always think about risk. Case in point: We’ve discovered 2 warning signs for First Western Financial that you should be aware of.
Do you have feedback on this article? Interested in its content? Please contact us directly. Alternatively, email our editorial team at Simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
