{"schema_version":"secwatch.filing_event.v1","accession":"0001327607-23-000159","form_type":"8-K","ticker":"MYFW","cik":"0001327607","company_name":"First Western Financial Inc","filed_at":"2023-10-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.633022+00:00","generated_at":"2026-06-09T19:55:56.029388+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 Q3 net income $3.1M ($0.32 EPS); non-performing assets jump to $56.1M on single relationship","bullets":["Net income available to common shareholders $3.1M, diluted EPS $0.32 vs $0.16 Q2 and $0.64 YoY.","Net revenue $22.5M, up 9.6% QoQ but down 18% from $27.5M in Q3 2022.","Non-performing assets surged to $56.1M (1.87% of assets) driven by one $42.2M relationship moved to non-accrual.","Total deposits rose 1.9% to $2.42B; net interest margin fell 27 bps to 2.46% due to higher deposit costs.","Book value per share $25.76, up 1.5% QoQ; provision for credit losses was $0.3M vs $1.8M prior quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001327607-23-000159","json":"https://secwatch.observer/filing/0001327607-23-000159.json","markdown":"https://secwatch.observer/filing/0001327607-23-000159.md","text":"https://secwatch.observer/filing/0001327607-23-000159.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1327607/000132760723000159/0001327607-23-000159-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1327607/000132760723000159/myfw-20231019.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T19:55:56.029388+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":"942c8da089343c0c4ad567c832ffee0cc769ac27","claim":"First Western Financial Inc reported third quarter ended September 30, 2023 results: revenue $22.5 million, net income $3.1 million, EPS $0.32 per diluted share.","evidence_excerpt":"First Western Reports Third Quarter 2023 Financial Results Third Quarter 2023 Summary • Net revenue increased $2.0 million, or 9.6%, to $22.5 million in Q3 2023, compared to $20.6 million in Q2 2023 • Net income available to common shareholders of $3.1 million in Q3 2023, compared to $1.5 million in Q2 2023 and $6.2 million in Q3 2022 • Diluted EPS of $0.32 in Q3 2023, compared to $0.16 in Q2 2023 and $0.64 in Q3 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327607/000132760723000159/0001327607-23-000159-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$22.5 million"},{"label":"Net income","value":"$3.1 million"},{"label":"EPS","value":"$0.32 per diluted share"},{"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"}