---
schema_version: "secwatch.filing_event.v1"
accession: "0001327607-23-000003"
form_type: "8-K"
ticker: "MYFW"
cik: "0001327607"
company_name: "First Western Financial Inc"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:00:48.650152+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Western Q4 net income $5.5M ($0.56 EPS); deposits grow 43.9% annualized, NPAs rise to $12.3M

## Summary
- Net income available to common shareholders $5.5M, diluted EPS $0.56, vs $6.2M ($0.64) Q3 2022 and $1.9M ($0.23) Q4 2021.
- Deposits grew $237.8M (43.9% annualized) to $2.41B; loans held for investment rose $121.2M (20.6% annualized) to $2.48B.
- Net interest margin 3.32% vs 3.76% Q3 2022; efficiency ratio 67.7% vs 64.9% Q3 2022.
- Non-performing assets increased to $12.3M (0.43% of total assets) from $3.9M; CECL adoption Jan 2023 with expected ACL 75-90 bps.
- Completed $20M subordinated notes issuance at 7.00% due 2032; FHLB borrowings reduced by $126.3M.

## SEC filing metadata
- accession: 0001327607-23-000003
- form_type: 8-K
- ticker: MYFW
- cik: 0001327607
- company_name: First Western Financial Inc
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327607/000132760723000003/0001327607-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327607/000132760723000003/myfw-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001327607-23-000003
- JSON: https://secwatch.observer/filing/0001327607-23-000003.json
- Plain text: https://secwatch.observer/filing/0001327607-23-000003.txt

## Key facts
- Earnings Releases
  First Western Financial Inc reported financial results for the fourth quarter ended December 31, 2022.
  - Period: the fourth quarter ended December 31, 2022
  - Result: reported results
  source text: On January 26, 2023, First Western Financial, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327607/000132760723000003/0001327607-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.