{"schema_version":"secwatch.filing_event.v1","accession":"0001327607-23-000042","form_type":"8-K","ticker":"MYFW","cik":"0001327607","company_name":"First Western Financial Inc","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.423774+00:00","generated_at":"2026-06-16T08:34:56.990033+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"First Western Q1 earnings drop: EPS $0.39 vs $0.57 YoY; NIM falls 37bps to 2.93%","bullets":["Net income available to common shareholders $3.8M, down 30% from $5.5M in Q4 2022 and Q1 2022.","Net interest margin 2.93%, down 37bps QoQ; efficiency ratio worsened to 78.3% from 67.7%.","Deposits $2.39B stable (-0.6% QoQ); borrowings increased to $261M from $147M; liquidity $1.5B.","Adopted CECL on Jan 1, reducing retained earnings by $5.3M net of tax; provision release of $0.3M.","Non-performing assets $12.5M (0.42% of assets), up from $4.3M (0.17%) a year ago."],"urls":{"canonical":"https://secwatch.observer/filing/0001327607-23-000042","json":"https://secwatch.observer/filing/0001327607-23-000042.json","markdown":"https://secwatch.observer/filing/0001327607-23-000042.md","text":"https://secwatch.observer/filing/0001327607-23-000042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1327607/000132760723000042/0001327607-23-000042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1327607/000132760723000042/myfw-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T08:34:56.990033+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"25790e7a60321899ab1370f77788f66543674a49","claim":"First Western Financial Inc reported the first quarter ended March 31, 2023 results: net income Net income available to common shareholders of $3.8 million, EPS Diluted EPS of $0.39.","evidence_excerpt":"On April 27, 2023, First Western Financial, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327607/000132760723000042/0001327607-23-000042-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Net income","value":"Net income available to common shareholders of $3.8 million"},{"label":"EPS","value":"Diluted EPS of $0.39"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}