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Crossfirst Bankshares, Inc. - CFB STOCK NEWS

Welcome to our dedicated page for Crossfirst Bankshares news (Ticker: CFB), a resource for investors and traders seeking the latest updates and insights on Crossfirst Bankshares stock.

Overview of CrossFirst Bankshares, Inc. (CFB)

CrossFirst Bankshares, Inc. (Nasdaq: CFB) is a Kansas-based bank holding company that operates through its wholly-owned subsidiary, CrossFirst Bank. Headquartered in Leawood, Kansas, the company delivers a comprehensive suite of banking and financial services tailored to meet the needs of businesses, professionals, and families. With a presence in key markets across Kansas, Missouri, Oklahoma, Texas, Arizona, Colorado, and New Mexico, CrossFirst Bank has established itself as a trusted financial partner in the region.

Core Business and Revenue Model

CrossFirst Bank specializes in relationship-based banking, offering a range of products and services designed to support its clients' financial goals. Key offerings include:

  • Checking and Savings Accounts: Flexible deposit solutions for individuals and businesses.
  • Personal and Business Loans: Customized lending options to support personal and commercial growth.
  • Treasury Services: Advanced cash management solutions for businesses.
  • International Banking: Services to facilitate cross-border financial transactions.

The company generates revenue primarily through interest income on loans and marketable securities, as well as fees from banking services. This diversified revenue model ensures stability and adaptability in changing market conditions.

Market Position and Competitive Differentiation

Operating in the competitive regional banking sector, CrossFirst Bank differentiates itself through its commitment to exceptional customer service, a hallmark of its corporate philosophy. The bank combines the expertise of highly experienced banking professionals with technology-driven solutions to deliver a seamless and personalized banking experience. This approach has earned CrossFirst recognition as a trusted partner for its clients and a valuable contributor to the communities it serves.

Strategic Focus and Expansion

CrossFirst Bank strategically targets high-growth metropolitan markets, leveraging its localized expertise and relationship-driven model to build strong customer connections. Its operations are deeply rooted in community engagement, aiming to provide financial solutions that foster economic growth and stability.

In 2024, CrossFirst announced a strategic merger with First Busey Corporation, a move expected to enhance its market presence and operational scale. The combined entity will operate under the Busey brand, creating a premier full-service commercial bank with approximately $20 billion in total assets and a diversified client base across 10 states. This merger underscores CrossFirst's commitment to growth and delivering enhanced value to its stakeholders.

Commitment to Excellence

CrossFirst Bank is driven by a culture of extraordinary service and trust. Its team of dedicated professionals prioritizes building long-term relationships with clients, offering tailored financial solutions to meet their unique needs. This client-centric approach has been instrumental in fostering loyalty and driving sustainable growth.

Challenges and Opportunities

Like many regional banks, CrossFirst faces challenges such as regulatory compliance, interest rate volatility, and competition from larger financial institutions and fintech companies. However, its focus on personalized service, strategic market positioning, and technological innovation positions it well to navigate these challenges and capitalize on growth opportunities in its target markets.

Conclusion

CrossFirst Bankshares, Inc. exemplifies the principles of community banking, combining personalized service with innovative solutions to meet the evolving needs of its clients. With a strong presence in high-growth markets and a commitment to excellence, the company is well-positioned to continue its legacy of delivering value to customers, communities, and shareholders.

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CrossFirst Bankshares (Nasdaq: CFB) announced its record financial results for the fourth quarter and full year ending December 31, 2024. The detailed earnings report can be accessed here.

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First Busey (NASDAQ: BUSE) has received Federal Reserve approval to acquire CrossFirst Bankshares through merger. Both companies' shareholders approved the transaction on Dec. 20, 2024. The holding company merger is expected to close on March 1, 2025, pending Illinois Department of Financial and Professional Regulation approval.

CrossFirst Bank will initially operate as a separate banking subsidiary until its merger with Busey Bank, anticipated in late June 2025. The combined entity will serve clients from 77 full-service locations across 10 states, with approximately $20 billion in total assets, $17 billion in deposits, $15 billion in loans, and $14 billion in wealth assets under care.

The merger expands Busey's presence in growth markets including Kansas City, Wichita, Dallas/Fort Worth, Denver, and Phoenix. The partnership aims to enhance commercial banking relationships and grow wealth management business and payment technology solutions through FirsTech, Inc.

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First Busey (BUSE) and CrossFirst Bankshares (CFB) announced that shareholders of both companies have approved their previously announced merger. The special shareholder meetings were held on December 20, 2024. The merger is expected to close in Q1 or Q2 2025, pending regulatory approvals.

The combined entity will form a premier full-service commercial bank with:

  • $20 billion in total assets
  • $17 billion in total deposits
  • $15 billion in total loans
  • $14 billion in wealth assets under care
  • 77 full-service locations across 10 states

The merger aims to enhance performance metrics through improved net interest margin and efficiency, promising increased profitability and shareholder returns through compatible banking philosophies and complementary business models.

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CrossFirst Bankshares, Inc. (Nasdaq: CFB), the bank holding company for CrossFirst Bank, has released its operating results for the third quarter ended September 30, 2024. The company has made the detailed earnings report available on their investor relations website. Interested parties can access the full third quarter earnings release at the provided link: https://investors.crossfirstbankshares.com/financials/quarterly-reports. For further information or inquiries, investors are directed to contact Mike Daley, the investor relations representative, at 913.754.9707 or via email at mike.daley@crossfirstbank.com.

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First Busey and CrossFirst Bankshares, Inc. have announced a merger valued at approximately $916.8 million. The all-stock transaction will create a combined company with $20 billion in total assets, operating under the Busey brand. The merger extends Busey's market presence to Arizona, Colorado, Kansas, New Mexico, Oklahoma, and Texas.

Key highlights:

  • Combined company will have $17 billion in total deposits and $13 billion in wealth management assets
  • Expected to result in 20% earnings per share accretion for Busey in 2026
  • Headquarters will move to Leawood, Kansas
  • Van Dukeman will serve as Executive Chairman and CEO, with Mike Maddox as President and Executive Vice Chairman
  • The merger is expected to close in Q1 or Q2 of 2025, subject to shareholder and regulatory approvals
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CrossFirst Bankshares, Inc. (Nasdaq: CFB), the parent company of CrossFirst Bank, has released its operating results for the second quarter of 2024, ending June 30. The company has scheduled a conference call for July 16, 2024, at 10 a.m. CT / 11 a.m. ET to discuss the Q2 results and potential company developments. Investors and interested parties can access the detailed earnings report through the company's investor relations website. This quarterly report likely contains important financial metrics such as revenue, earnings per share (EPS), and guidance, which are essential for understanding the bank's performance and future outlook.

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CrossFirst Bankshares (Nasdaq: CFB) announced it will hold a conference call to review its second quarter 2024 financial results on July 16, 2024, at 11:00 AM ET. The call will be hosted by the management team and may cover recent company developments.

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CrossFirst Bankshares, the parent company of CrossFirst Bank, has been named to the 2024 KBW Bank Honor Roll by Keefe, Bruyette & Woods. This recognition places CrossFirst among the top 5% of eligible banks in the country, attributed to its long-term performance and consistent increases in earnings per share over the last decade. To qualify, banks must be publicly traded with over $500 million in total assets. CEO Mike Maddox emphasized that this accolade reflects the company's strength, stability, and commitment to client and community service. Additionally, CrossFirst has been listed in Newsweek's 2024 top 250 Best Regional Banks and recognized by Gallup for the second consecutive year with the Don Clifton Strengths Based Culture Award.

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CrossFirst Bankshares, Inc. (CFB) reported its first-quarter 2024 results, showcasing its performance as the bank holding company for CrossFirst Bank. The company will host a conference call to discuss these results on April 16, 2024. Investors can access the call via telephone or live webcast.
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CrossFirst Bankshares, Inc. to host a conference call to review first quarter 2024 financial results on April 16, 2024. The call may cover company developments.
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FAQ

What is the current stock price of Crossfirst Bankshares (CFB)?

The current stock price of Crossfirst Bankshares (CFB) is $15.99 as of February 28, 2025.

What is the market cap of Crossfirst Bankshares (CFB)?

The market cap of Crossfirst Bankshares (CFB) is approximately 787.7M.

What services does CrossFirst Bankshares, Inc. provide?

CrossFirst Bank offers services including checking and savings accounts, personal and business loans, treasury services, and international banking.

How does CrossFirst Bank generate revenue?

The bank generates revenue primarily through interest income from loans and securities, as well as fees from its banking services.

What is CrossFirst Bank's competitive advantage?

The bank differentiates itself through personalized, relationship-driven banking and a focus on high-growth metro markets.

What is the significance of CrossFirst's merger with First Busey Corporation?

The merger will create a premier commercial bank with expanded market presence, operational scale, and diversified financial services.

In which states does CrossFirst Bank operate?

CrossFirst Bank operates in Kansas, Missouri, Oklahoma, Texas, Arizona, Colorado, and New Mexico.

What type of clients does CrossFirst Bank serve?

The bank serves businesses, professionals, individuals, and families with tailored financial solutions.

What challenges does CrossFirst Bank face?

Challenges include regulatory compliance, interest rate fluctuations, and competition from larger banks and fintech companies.

What is CrossFirst Bank's approach to customer service?

The bank emphasizes extraordinary, personalized service delivered by experienced professionals using technology-driven solutions.

How does CrossFirst Bank support local communities?

The bank fosters economic growth through localized expertise and tailored financial solutions for businesses and individuals.
Crossfirst Bankshares, Inc.

Nasdaq:CFB

CFB Rankings

CFB Stock Data

787.66M
42.78M
12.93%
55.34%
0.53%
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