First Western Reports Second Quarter 2020 Financial Results
(WorldNews Environment)

Second Quarter 2020 Summary Net income available to common shareholders of $8.7 million in Q2 2020, compared to $1.3 million in Q1 2020 and $1.4 million in Q2 2019 Diluted EPS of $1.10 in Q2 2020, compared to $0.17 in Q1 2020 and $0.18 in Q2 2019 Gross revenue(1) of $26.2 million in Q2 2020, compared to $16.7 million in Q1 2020 and $16.5 million in Q2 2019 Net interest margin remained relatively flat at 3.10% in Q2 2020, compared with 3.14% in Q1 2020 and 3.10% Q2 2019 Total assets of $1.81 billion, up 33.7% from Q1 2020 and 52.1% from Q2 2019 Total deposits of $1.41 billion, up 19.4% from Q1 2020 and 40.0% from Q2 2019 Gross loans of $1.42 billion, up 36.3% from Q1 2020 and 51.4% from Q2...