MYFWMEDIUM SIGNALFINANCIAL10-K

MYFW reported strong 55.6% net income growth to $13.2M with significant balance sheet expansion, though operating cash flow deteriorated to -$1.8M amid increased capital spending.

The substantial improvement in profitability combined with meaningful asset growth ($2.92B to $3.15B) and loan portfolio expansion suggests successful business execution. However, the negative operating cash flow trend and 227% increase in capital expenditures warrant monitoring as potential indicators of operational strain or aggressive expansion that may pressure near-term liquidity.

Comparing 2026-02-27 vs 2025-03-07View on EDGAR →
FINANCIAL ANALYSIS

MYFW demonstrated strong financial performance with net income surging 55.6% and cash reserves nearly doubling to $156M, indicating solid profitability and liquidity positioning. However, operating cash flow turned significantly more negative (-$1.8M vs -$544K) while capital expenditures tripled to $4M, suggesting the company is investing heavily but may be experiencing working capital pressures. The overall picture shows a profitable, growing financial institution with strong balance sheet metrics, though cash flow management requires attention as expansion accelerates.

FINANCIAL STATEMENT CHANGES
Share Buybacks
Cash Flow
+780.9%
$89K→$784K

Share repurchases increased 780.9% — management returning capital, signals confidence in intrinsic value.

Operating Cash Flow
Cash Flow
-230.7%
-$544K→-$1.8M

Operating cash flow fell 230.7% — earnings quality concerns; investigate working capital changes and non-cash items.

Capital Expenditure
Cash Flow
+227.3%
$1.2M→$4.0M

Capital expenditure jumped 227.3% — major investment cycle underway; assess returns on deployment.

Cash & Equivalents
Balance Sheet
+98.4%
$78.6M→$156.0M

Cash position surged 98.4% — strong cash generation or capital raise providing significant financial cushion.

Net Income
P&L
+55.6%
$8.5M→$13.2M

Net income grew 55.6% — bottom-line growth signals improving overall business health.

LANGUAGE CHANGES
NEW — 2026-02-27
PRIOR — 2025-03-07
ADDED
As of December 31, 2025, we provided fiduciary and advisory services on $7.28 billion of trust and investment management assets (AUM), and we had total assets of $3.15 billion, total loans excluding mortgage loans held for sale of $2.65 billion, total deposits of $2.75 billion, and total shareholders equity of $265.6 million.
For the year ended December 31, 2025, Total non-interest income was $26.6 million or 27.4% of Total income before non-interest expense and Net interest income, before Provision for credit losses, was $75.4 million, or 77.8% of Total income before Non-interest expense.
As of December 31, 2025, 1-4 family residential loans were $1.03 billion , or 39.1% of our total loan portfolio, consisting of $123.6 million and $910.1 million of fixed-rate and adjustable-rate loans, respectively.
While we typically originate loans with adjustable rates and maturities up to 30 years, as of December 31, 2025, the average term on our 1-4 family portfolio was 23.6 years with an average remaining term of 20.3 years.
As of December 31, 2025, loans secured with cash, marketable securities and other were $164.7 million, or 6.3% of our total loan portfolio.
+7 more — sign up free →
REMOVED
As of December 31, 2024, we provided fiduciary and advisory services on $7.32 billion of trust and investment management assets ("AUM"), and we had total assets of $2.92 billion, total loans excluding mortgage loans held for sale and loans held for sale of $2.43 billion, total deposits of $2.51 billion, and total shareholders equity of $252.3 million.
For the year ended December 31, 2024, non-interest income was $27.7 million or 30.7% of total income before non-interest expense and net interest income, before the provision for credit losses, was $64.3 million, or 71.4% of total income before non-interest expense.
As of December 31, 2024, 1-4 family residential loans were $962.9 million, or 39.8% of our total loan portfolio, consisting of $133.6 million and $829.3 million of fixed-rate and adjustable-rate loans, respectively.
While we typically originate loans with adjustable rates and maturities up to 30 years, as of December 31, 2024, the average term on our 1-4 family portfolio was 20.8 years with an average remaining term of 18.3 years.
As of December 31, 2024, loans secured with cash, marketable securities and other were $119.8 million, or 5.0% of our total loan portfolio.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →