First Western appoints new Chief Revenue Officer

First Western Financial Inc. (NASDAQ:MYFW), headquartered in Denver, Colorado, announced the appointment of Matthew C. Cassell as Chief Revenue Officer of First Western Trust Bank, effective June 5, 2025. The $204 million market cap company, which has demonstrated strong profitability with a 14% revenue growth over the past year according to InvestingPro data, disclosed this key executive move in a recent 8-K filing with the Securities and Exchange Commission.

Matthew C. Cassell, who has been with First Western since May 2020, previously held the position of President of Commercial Banking before being promoted to Chief Banking Officer in February 2023. His extensive experience in the banking sector spans over 25 years, including a significant role as Colorado President for Simmons Bank, and various leadership positions across local, regional, and national banks. The appointment comes at a promising time, as InvestingPro reports three analysts have revised their earnings upwards for the upcoming period, with the company expected to maintain profitability this year.

The company’s board of directors made the decision to appoint Cassell, recognizing his contributions and expertise in the field. The announcement clarified that there is no familial relationship between Cassell and any member of the board or executive officer of the company. Furthermore, there are no arrangements or understandings between Cassell and any other persons related to his appointment, and he is not involved in any transactions that would necessitate disclosure under SEC regulations.

This executive appointment comes as part of the company’s ongoing efforts to strengthen its leadership team and drive revenue growth. As Chief Revenue Officer, Cassell will be responsible for overseeing the bank’s revenue-generating strategies and operations. According to InvestingPro’s Fair Value analysis, the stock currently appears fairly valued, with a solid financial health score of 1.95 out of 3, suggesting a stable foundation for future growth initiatives.

First Western Financial has not disclosed any additional details regarding compensatory arrangements for Cassell in the filing. The information provided in this article is based on the latest SEC filing by First Western Financial Inc. and complemented by comprehensive financial analysis available through InvestingPro’s detailed research reports.

In other recent news, First Western Financial Inc. reported impressive earnings for the first quarter of 2025, exceeding analyst expectations. The company achieved earnings per share of $0.43, significantly surpassing the projected $0.25. Revenue was reported at $24.8 million, slightly above the anticipated $24.76 million. Additionally, First Western Financial announced the appointment of David R. Weber as the new Principal Accounting Officer, a move reflecting its commitment to internal talent development and succession planning.

The company’s net income for the quarter was $4.2 million, with a 3.4% increase in gross revenue from the previous quarter. First Western Financial also expanded its net interest margin by 16 basis points to 2.61%. The firm maintained a conservative loan production strategy, focusing on key personnel hires and rebuilding its Trust and Investment Management function.

Looking forward, First Western Financial targets a 1% return on assets and anticipates stable net interest margins in the second quarter, with potential expansion later in 2025. The company is prepared to deploy its bond book if loan demand remains subdued. These developments underscore First Western Financial’s strategic focus on profitability and operational efficiency.

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