First Western Financial Files 8-K on Financial Results
Ticker: MYFW · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1327607
| Field | Detail |
|---|---|
| Company | First Western Financial Inc (MYFW) |
| Form Type | 8-K |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: earnings, financial-condition, regulation-fd
TL;DR
**First Western Financial just dropped an 8-K on its financial results, so get ready for some numbers.**
AI Summary
First Western Financial, Inc. filed an 8-K on January 25, 2024, to announce its results of operations and financial condition, along with a Regulation FD Disclosure. This filing indicates the company is providing an update on its financial performance, which is crucial for investors to understand the bank's health and profitability. For shareholders, this matters because it offers transparency into the company's recent financial state, potentially influencing stock valuation and future investment decisions.
Why It Matters
This filing provides investors with the latest financial performance data for First Western Financial, Inc., which is essential for evaluating the company's health and making informed investment decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and does not inherently present new risks, but rather provides information to assess existing financial risks.
Analyst Insight
A smart investor would review the full financial results once they are publicly available to assess the company's performance and determine if their investment thesis remains valid.
Key Numbers
- 001-38595 — Commission File Number (identifies the company's filings with the SEC)
- 303-531-8100 — Business Phone Number (contact information for First Western Financial, Inc.)
Key Players & Entities
- First Western Financial, Inc. (company) — the registrant filing the 8-K
- January 25, 2024 (date) — date of earliest event reported and filing date
- Colorado (company) — state of incorporation for First Western Financial, Inc.
- 001-38595 (dollar_amount) — Commission File Number
- 303-531-8100 (dollar_amount) — registrant's telephone number
Forward-Looking Statements
- First Western Financial, Inc. will hold an earnings call or release a detailed earnings report soon after this 8-K. (First Western Financial, Inc.) — high confidence, target: 2024-02-15
FAQ
What is the purpose of this 8-K filing by First Western Financial, Inc.?
This 8-K filing by First Western Financial, Inc. is to report on the 'Results of Operations and Financial Condition' and includes 'Regulation FD Disclosure' as of January 25, 2024.
What is the earliest event reported date in this 8-K filing?
The earliest event reported date in this 8-K filing is January 25, 2024.
Where is First Western Financial, Inc.'s principal executive office located?
First Western Financial, Inc.'s principal executive office is located at 1900 16th Street, Suite 1200, Denver, Colorado 80202.
What is the Commission File Number for First Western Financial, Inc.?
The Commission File Number for First Western Financial, Inc. is 001-38595.
Is First Western Financial, Inc. an emerging growth company according to this filing?
No, the filing indicates with an 'o' (unchecked box) that First Western Financial, Inc. is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 695 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2024-01-25 16:15:44
Filing Documents
- myfw-20240125.htm (8-K) — 28KB
- myfw-20231231xexx991.htm (EX-99.1) — 482KB
- myfw-20240125xex992.htm (EX-99.2) — 41KB
- myfw-20221020xex99d1001a.jpg (GRAPHIC) — 9KB
- myfw-20240125xex992001.jpg (GRAPHIC) — 172KB
- myfw-20240125xex992002.jpg (GRAPHIC) — 215KB
- myfw-20240125xex992003.jpg (GRAPHIC) — 125KB
- myfw-20240125xex992004.jpg (GRAPHIC) — 140KB
- myfw-20240125xex992005.jpg (GRAPHIC) — 180KB
- myfw-20240125xex992006.jpg (GRAPHIC) — 140KB
- myfw-20240125xex992007.jpg (GRAPHIC) — 112KB
- myfw-20240125xex992008.jpg (GRAPHIC) — 102KB
- myfw-20240125xex992009.jpg (GRAPHIC) — 138KB
- myfw-20240125xex992010.jpg (GRAPHIC) — 145KB
- myfw-20240125xex992011.jpg (GRAPHIC) — 118KB
- myfw-20240125xex992012.jpg (GRAPHIC) — 132KB
- myfw-20240125xex992013.jpg (GRAPHIC) — 148KB
- myfw-20240125xex992014.jpg (GRAPHIC) — 185KB
- myfw-20240125xex992015.jpg (GRAPHIC) — 50KB
- myfw-20240125xex992016.jpg (GRAPHIC) — 137KB
- myfw-20240125xex992017.jpg (GRAPHIC) — 169KB
- myfw-20240125xex992018.jpg (GRAPHIC) — 167KB
- myfw-20240125xex992019.jpg (GRAPHIC) — 173KB
- myfw-20240125xex992020.jpg (GRAPHIC) — 132KB
- 0001327607-24-000019.txt ( ) — 4703KB
- myfw-20240125.xsd (EX-101.SCH) — 2KB
- myfw-20240125_lab.xml (EX-101.LAB) — 24KB
- myfw-20240125_pre.xml (EX-101.PRE) — 13KB
- myfw-20240125_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. 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. The information in this Item 2.02, including Exhibit 99.1, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, unless specifically identified therein as being incorporated therein by reference.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. The Company intends to hold an investor call and webcast to discuss its financial results for the fourth quarter ended December 31, 2023 on Friday, January 26, 2024, at 10:00 a.m. Mountain Time. The Company's presentation to analysts and investors contains additional information about the Company's financial results for the fourth quarter ended December 31, 2023 and is furnished as Exhibit 99.2 and is incorporated by reference herein. The information in this Item 7.01, including Exhibit 99.2, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act, unless specifically identified therein as being incorporated therein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release issued by First Western Financial, Inc. dated January 25 , 202 4 99.2 First Western Financial, Inc. Earnings Presentation 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. FIRST WESTERN FINANCIAL, INC. Date: January 25, 2024 By: /s/ Scott C. Wylie Scott C. Wylie Chairman, Chief Executive Officer and President 3