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Stock impact report

First Western Financial, Inc. Announces Stock Repurchase Program

First Western Financial, Inc. (MYFW) 
Last first western financial, inc. earnings: 4/30 04:30 pm Check Earnings Report
Company Research Source: GlobeNewswire
DENVER, June 17, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western” or “the Company”), announced that on June 13, 2024 its Board of Directors approved a stock repurchase program that authorizes the Company to repurchase up to 200,000 shares of its common stock, which represents approximately 2% of the Company’s outstanding shares. The Board of Governors of the Federal Reserve System advised the Company that it has no objection to the Company’s stock repurchase program. Scott C. Wylie, CEO of First Western, said, “We believe that repurchasing our shares is an attractive long-term investment for the Company, is in the best interest of our shareholders, and represents an opportunity to deploy capital that will be accretive to both earnings and tangible book value per share." Stock repurchases under this program may be made from time to time on the open market, in privately nego Show less Read more
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