{"schema_version":"secwatch.filing_event.v1","accession":"0001327607-23-000104","form_type":"8-K","ticker":"MYFW","cik":"0001327607","company_name":"First Western Financial Inc","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.593976+00:00","generated_at":"2026-06-12T23:58:37.062005+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First Western Q2 net income $1.5M, EPS $0.16 vs $0.39 Q1; revenue down 5% QoQ","bullets":["Gross revenue $24.8M, down 5.0% QoQ; net interest income $18.4M, down 5.8% due to higher deposit costs.","Non-interest income $4.0M, down 31.9% on $1.2M contingent consideration impairment and $1.1M fair-value loan losses.","Provision for credit losses $1.8M vs negative provision in Q1; net income impacted by $1.5M after-tax allowance on analyzed loans.","Deposits $2.38B (-0.7% QoQ); loans $2.50B (+1.1%); borrowings rose $51M to $312.6M.","Headcount cut 10.5% in Q2; book value per share $25.38 (+0.6%); NPAs $10.3M (0.36% of assets) down from $12.5M."],"urls":{"canonical":"https://secwatch.observer/filing/0001327607-23-000104","json":"https://secwatch.observer/filing/0001327607-23-000104.json","markdown":"https://secwatch.observer/filing/0001327607-23-000104.md","text":"https://secwatch.observer/filing/0001327607-23-000104.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1327607/000132760723000104/0001327607-23-000104-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1327607/000132760723000104/myfw-20230727.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T23:58:37.062005+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":"a26cb570dfad22c16655dae6c2c35980111dbee3","claim":"First Western Financial Inc reported the second quarter ended June 30, 2023 results: net income $1.5 million, EPS $0.16.","evidence_excerpt":"First Western Reports Second Quarter 2023 Financial Results Second Quarter 2023 Summary • Total assets of $3.0 billion and assets under management of $6.5 billion • Net income available to common shareholders of $1.5 million in Q2 2023, compared to $3.8 million in Q1 2023 and $4.5 million in Q2 2022 • Diluted EPS of $0.16 in Q2 2023, compared to $0.39 in Q1 2023 and $0.46 in Q2 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327607/000132760723000104/0001327607-23-000104-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Net income","value":"$1.5 million"},{"label":"EPS","value":"$0.16"},{"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"}