---
schema_version: "secwatch.filing_event.v1"
accession: "0001327607-24-000048"
form_type: "8-K/A"
ticker: "MYFW"
cik: "0001327607"
company_name: "First Western Financial Inc"
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:14:41.579392+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Western restates Q4 results: $3.5M charge-off on C&I loan after guarantor bankruptcy

## Summary
- Charge-off of $3.5M net of tax reduces Q4 and FY 2023 net income available to common stockholders.
- Allowance for credit losses increased by $4.0M; loans decreased by $8.6M due to the charge-off.
- Guarantor filed Chapter 7 bankruptcy on Feb 28, 2024; company pursuing all remedies.
- Q4 2023 net loss revised to $3.2M (diluted EPS -$0.34) vs. previously reported $3.1M net income.

## SEC filing metadata
- accession: 0001327607-24-000048
- form_type: 8-K/A
- ticker: MYFW
- cik: 0001327607
- company_name: First Western Financial Inc
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327607/000132760724000048/0001327607-24-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327607/000132760724000048/myfw-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001327607-24-000048
- JSON: https://secwatch.observer/filing/0001327607-24-000048.json
- Plain text: https://secwatch.observer/filing/0001327607-24-000048.txt

## Key facts
- Earnings Releases
  First Western Financial Inc reported the fiscal year ended December 31, 2023 results: net income $3.5 million, net of tax, decrease to the fourth quarter and annual net income available to common stockholders.
  - Period: the fiscal year ended December 31, 2023
  - Net income: $3.5 million, net of tax, decrease to the fourth quarter and annual net income available to common stockholders
  - Result: preliminary results
  source text: The charge-off resulted in a $3.5 million, net of tax, decrease to the fourth quarter and annual net income available to common stockholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327607/000132760724000048/0001327607-24-000048-index.htm

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