{"schema_version":"secwatch.filing_event.v1","accession":"0001327607-24-000063","form_type":"8-K","ticker":"MYFW","cik":"0001327607","company_name":"First Western Financial Inc","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.911033+00:00","generated_at":"2026-06-03T18:23:25.130028+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"First Western Q1 2024 net income $2.5M ($0.26/diluted) vs Q4 2023 loss $3.2M","bullets":["Net income available to common $2.5M (diluted EPS $0.26) compared to net loss $3.2M (loss $0.34) in Q4 2023 and net income $3.8M ($0.39) in Q1 2023.","Net interest margin fell to 2.34% from 2.37% QoQ; loan-to-deposit ratio improved to 98.4% vs 100.6%; non-performing assets declined to $46.0M from $51.1M.","Total capital to risk-weighted assets 13.15% (Q4 2023: 12.59%); book value per common share $25.52, up 0.8% from $25.33; tangible book value $22.21.","Non-interest income rose 19.7% QoQ to $7.3M on higher wealth management and mortgage banking fees; provision for credit losses just $0.07M vs $8.5M in Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0001327607-24-000063","json":"https://secwatch.observer/filing/0001327607-24-000063.json","markdown":"https://secwatch.observer/filing/0001327607-24-000063.md","text":"https://secwatch.observer/filing/0001327607-24-000063.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1327607/000132760724000063/0001327607-24-000063-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1327607/000132760724000063/myfw-20240418.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T18:23:25.130028+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":"023f4e99acd944b6478c247cd27d2387b3c3f4a8","claim":"First Western Financial Inc reported first quarter ended March 31, 2024 results: net income $2.5 million, EPS $0.26 per diluted share.","evidence_excerpt":"On April 18, 2024, First Western Financial, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327607/000132760724000063/0001327607-24-000063-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Net income","value":"$2.5 million"},{"label":"EPS","value":"$0.26 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c693917687a76d1c363fc75e3ec5e2d96cc4c0f2","claim":"First Western Financial Inc reported first quarter 2024 results: net income $2.5 million, EPS $0.26 per diluted share.","evidence_excerpt":"Net income available to common shareholders of $2.5 million in Q1 2024, compared to a Net loss of $3.2 million in Q4 2023. • Diluted earnings/(loss) per share of $0.26 in Q1 2024, compared to $(0.34) in Q4 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327607/000132760724000063/0001327607-24-000063-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"Net income","value":"$2.5 million"},{"label":"EPS","value":"$0.26 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c693917687a76d1c363fc75e3ec5e2d96cc4c0f2","claim":"First Western Financial Inc reported first quarter 2024 results: net income $2.5 million, EPS $0.26 per diluted share.","evidence_excerpt":"Net income available to common shareholders wa s $2.5 million, or $0.26 per diluted share, for the first quarter of 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327607/000132760724000063/0001327607-24-000063-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"Net income","value":"$2.5 million"},{"label":"EPS","value":"$0.26 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"}