First Western Financial Inc 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549_________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June30, 2026 OR FIRST WESTERN FINANCIAL, INC. (Exact name of registrant as specified in its charter)_________________________________________ Registrant’s telephone number, including area code: 303.531.8100_________________________________________ Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered The Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).YesNo Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. Shares outstanding as ofJuly29, 20269,765,129 FIRST WESTERN FINANCIAL, INC.TABLE OF CONTENTS Item 1.Financial Statements (Unaudited):7Condensed Consolidated Balance Sheets7Condensed Consolidated Statements of Income8Condensed Consolidated Statements of Comprehensive Income9Condensed Consolidated Statements of Changes in Shareholders’ Equity10Condensed Consolidated Statements of Cash Flows11Notes to Condensed Consolidated Financial Statements13Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations53Item 3.Quantitative and Qualitative Disclosures about Market Risk80Item 4.Controls and Procedures81PART II. OTHER INFORMATION82Item 1.Legal Proceedings82Item 1A.Risk Factors82Item 2.Unregistered Sales of Equity Securities and Use of Proceeds82Item 3.Defaults upon Senior Securities82Item 4.Mine Safety Disclosures82Item 5.Other Information82Item 6.Exhibits83SIGNATURES84 ABBREVIATIONS/ACRONYMS The abbreviations and acronyms identified in alphabetical order below are used throughout this Quarterly Report on Form 10-Q: Table of Contents Important Notice about Information in this Quarterly Report Unless we state otherwise or the context otherwise requires, references in this Quarterly Report to "we," "our," "us," "the Company"and "First Western" refer to First Western Financial, Inc. and its consolidated subsidiaries, including First Western Trust Bank, whichwe sometimes refer to as "the Bank" or "our Bank.” The information contained in this Quarterly Report is accurate only as of the date of this Quarterly Report on Form 10-Q and as of thedates specified herein. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements. These forward-looking statements reflect our current viewswith respect to, among other things, future events and our financial performance. These statements are often, but not always, madethrough the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "will likely result," "expect,""continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "projection," "would," and "outlook," or the negative version ofthose words or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are nothistorical facts, and are based on current expectations, estimates and projections about our industry, management’s beliefs and certainassumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control, particularly withregard to developments related to soundness of other financial institutions. Accordingly, we caution you that any such forward-lookingstatements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult