secwatch.observer — SEC 8-K summary
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Issuer:     First Western Financial Inc (MYFW)
CIK:        0001327607
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001327607-25-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Western Q4 2024 net income $2.7M ($0.28 EPS) vs net loss year ago
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- Net income $2.7M ($0.28 diluted EPS) in Q4 2024 vs $2.1M ($0.22) in Q3 2024 and net loss $3.2M ($0.34) in Q4 2023.
- Net interest margin 2.45% up 13 bps sequentially from 2.32% in Q3 2024.
- Total loans up 2.1% to $2.45B; average deposits up 4.0% to $2.50B.
- Provision for credit losses reversed to a release of $0.974M vs $0.501M provision in Q3 2024.
- CEO noted highest insurance fee quarter ever and OREO property under contract for Q1 2025 sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327607/000132760725000004/0001327607-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327607/000132760725000004/myfw-20250123.htm
  HTML page:      https://secwatch.observer/filing/0001327607-25-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer