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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
                                 AUGUST 3, 2004

                         FIRSTCITY FINANCIAL CORPORATION
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

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              DELAWARE                           033-19694                              76-0243729
      (STATE OF INCORPORATION)             (COMMISSION FILE NO.)             (IRS EMPLOYER IDENTIFICATION NO.)
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                               6400 IMPERIAL DRIVE
                                WACO, TEXAS 76712
               (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)


       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (254) 751-1750

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ITEM 7. EXHIBITS

         On August 3, 2004, FirstCity Financial Corporation ("FirstCity" or the
"Company") issued a press release announcing its financial results for the
quarter ended June 30, 2004 and certain other information. A copy of this press
release is attached hereto as Exhibit 99.1.


ITEM 9. REGULATION FD DISCLOSURE.

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

         The following information is furnished pursuant to Item 9, "Regulation
FD Disclosure" and Item 12, "Results of Operations and Financial Condition."

         On August 3, 2004, FirstCity Financial Corporation ("FirstCity" or the
"Company") issued a press release announcing its financial results for the
quarter ended June 30, 2004 and certain other information. A copy of this press
release is attached hereto as Exhibit 99.1.





                                   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 hereunto duly authorized.


                                              FirstCity Financial Corporation

Date: August 3, 2004                     By:         /S/ J. Bryan Baker
                                              ----------------------------------
                                                        J. Bryan Baker
                                                  Senior Vice President, and
                                                   Chief Financial Officer





                                  EXHIBIT INDEX

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<Caption>
Exhibit No.       Description
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99.1     -        Text of press release of FirstCity Financial Corporation issued on August 3, 2004.

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