{"schema_version":"secwatch.filing_event.v1","accession":"0001327607-24-000019","form_type":"8-K","ticker":"MYFW","cik":"0001327607","company_name":"First Western Financial Inc","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.794026+00:00","generated_at":"2026-06-06T17:57:08.951805+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 Q4 2023 net income drops to $0.3M; EPS $0.03 vs $0.32 in Q3","bullets":["Net income available to common shareholders $0.3M, down from $3.1M in Q3; diluted EPS $0.03 vs $0.32.","NIM narrowed to 2.37% from 2.46% in Q3 and 3.30% a year ago; deposit costs rose 19 bps to 3.94%.","Provision for credit losses surged to $3.9M from $0.3M in Q3; NPAs rose to $59.7M (2.00% of assets).","Total deposits grew 4.5% to $2.53B; loan-to-deposit ratio improved to 100.7% from 105.1%.","Efficiency ratio worsened to 80.8% from 78.8% in Q3 and 67.7% a year ago."],"urls":{"canonical":"https://secwatch.observer/filing/0001327607-24-000019","json":"https://secwatch.observer/filing/0001327607-24-000019.json","markdown":"https://secwatch.observer/filing/0001327607-24-000019.md","text":"https://secwatch.observer/filing/0001327607-24-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1327607/000132760724000019/0001327607-24-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1327607/000132760724000019/myfw-20240125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T17:57:08.951805+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":"c5919c083dbc4243073af3bbb60ebc71935c98e0","claim":"First Western Financial Inc reported financial results for the fourth quarter ended December 31, 2023.","evidence_excerpt":"On January 25, 2024, First Western Financial, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter ended December 31, 2023. A copy of the press release is furnished as Exhibit 99.1 and is incorporated by reference herein.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327607/000132760724000019/0001327607-24-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"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"}