---
schema_version: "secwatch.filing_event.v1"
accession: "0001327607-24-000155"
form_type: "8-K"
ticker: "MYFW"
cik: "0001327607"
company_name: "First Western Financial Inc"
filed_at: "2024-07-23T23:59:59+00:00"
generated_at: "2026-05-31T17:52:37.166491+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# First Western Q2 net income drops to $1.1M, EPS $0.11; NPLs rise to $49.3M

## Summary
- Net income available to common shareholders $1.1M ($0.11 diluted EPS) vs Q1 $2.5M ($0.26) and Q2 2023 $1.5M ($0.16).
- Net interest margin stabilized at 2.35%, up 1 bps QoQ; net interest income $15.8M, down 1.9% QoQ.
- Non-performing assets $49.3M (1.68% of assets) vs Q1 $46.0M (1.57%); provision for credit losses $2.3M vs $0.07M Q1.
- Total loans held for investment $2.46B (-0.8% QoQ); deposits $2.41B, down from $2.53B Q1.
- Book value per share $25.55; tangible book value $22.27; AUM $7.01B vs $7.14B Q1.

## SEC filing metadata
- accession: 0001327607-24-000155
- form_type: 8-K
- ticker: MYFW
- cik: 0001327607
- company_name: First Western Financial Inc
- filed_at: 2024-07-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327607/000132760724000155/0001327607-24-000155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327607/000132760724000155/myfw-20240723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001327607-24-000155
- JSON: https://secwatch.observer/filing/0001327607-24-000155.json
- Plain text: https://secwatch.observer/filing/0001327607-24-000155.txt

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