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.
CrossFirst Bankshares, Inc. (Nasdaq: CFB) is a Kansas corporation and a registered bank holding company for its wholly owned subsidiary, CrossFirst Bank. Headquartered in Leawood, Kansas, CrossFirst Bank offers a comprehensive range of banking and financial services to businesses, business owners, professionals, and families across Kansas, Missouri, Oklahoma, Texas, Arizona, Colorado, and New Mexico. With a robust portfolio of products including checking and savings accounts, personal and business loans, international banking, and treasury services, CrossFirst Bank is designed to meet the diverse financial needs of its clients.
CrossFirst Bankshares is renowned for its team of highly experienced banking professionals dedicated to providing extraordinary service. Their commitment to customer satisfaction is reflected in their comprehensive suite of services tailored to meet the unique needs of business owners, professionals, and their families. The bank generates revenue through interest income and fees on loans, alongside interest from its marketable securities portfolio.
In terms of recent achievements, CrossFirst Bankshares has reported robust financial performance across several quarters. The company’s second quarter earnings release is available here, and the third quarter earnings release can be accessed here. For those interested, the fourth quarter and full-year results for 2023 are detailed here, and the first quarter results for 2024 can be found here.
CrossFirst Bankshares frequently keeps its stakeholders updated with periodic conference calls. The next such event is scheduled on April 16, 2024 at 10 a.m. CT / 11 a.m. ET to review the first quarter results. To join the conference call, dial (844) 481-2831 or, for international callers, +1 (412) 317-1851. The event will also be streamed live over the internet, accessible through this link. For those who cannot attend, replays will be available for 90 days on the company’s website.
CrossFirst Bank’s strategic initiatives and relentless focus on enhancing customer value have positioned it as a key player in the financial services sector. As it continues to expand its footprint, stakeholders can expect consistent updates on performance and developments.
CrossFirst Bank, a subsidiary of CrossFirst Bankshares, Inc. (NASDAQ: CFB), is expanding its operations in Texas, with a focus on Frisco, as part of its long-term growth strategy. David Williams has been appointed as the Market President for Frisco, after a successful tenure in Dallas. Under his leadership, the bank aims to enhance its presence and recruit top talent. The bank's Texas market is seen as a vital area for future growth, leveraging an already strong customer base.
CrossFirst Bankshares, Inc. (Nasdaq: CFB) announced a conference call to discuss its third quarter earnings on October 19, 2021, at 11:00 AM ET. Financial results will be available after market close on October 18, 2021. Participants can join by calling (877) 621-5851 or internationally at +1 (404) 537-3406, using conference number 8025119. A live webcast will also be accessible online, with a replay available post-call for those unable to attend. CrossFirst Bank operates full-service banking locations across multiple states.
CrossFirst Bankshares, Inc. (NASDAQ: CFB) has released its inaugural corporate impact report, detailing its contributions to employees, clients, shareholders, and communities for the year 2020. The report highlights the bank's hiring practices, commitment to diversity, philanthropic efforts, and responses to the COVID-19 pandemic. CEO Mike Maddox emphasizes the report as a representation of the bank's current impact and a roadmap for future aspirations, while acknowledging employees awarded the Extraordinary Service Award.
CrossFirst Bank, a subsidiary of CrossFirst Bankshares, Inc. (Nasdaq: CFB), has announced the hiring of Jay Ganske and Mike Theile as Managing Directors in Phoenix, Arizona. Ganske, with 32 years of experience, will focus on commercial real estate banking, while Theile, who has over 20 years in commercial banking, will concentrate on new business originations. These hires aim to enhance CrossFirst's growth and support the region's economic development. The bank also plans to transition to a permanent location in Phoenix by the end of 2023.
CrossFirst Bankshares reported strong second quarter 2021 results, achieving a net income of $15.6 million or $0.30 per diluted share. Year-to-date, net income reached $27.6 million or $0.53 per diluted share. Key metrics included a 6% operating revenue growth versus Q1 2021 and an improved efficiency ratio of 53.61%. The bank's total assets were $5.3 billion, with a return on average assets of 1.10% and a return on equity of 9.86%. The company completed a $20 million share repurchase program, enhancing shareholder value.
CrossFirst Bankshares, Inc. (Nasdaq: CFB) is set to release its second quarter 2021 results on July 22, 2021, after market close. Following the announcement, management will host a conference call at 4 p.m. Central Time. Investors can register for the call at CrossFirst Investor Relations, with dial-in numbers provided for both U.S. and international participants. A replay of the webcast will be accessible post-call until July 29, 2021. CrossFirst operates across eight banking offices in Kansas, Missouri, Oklahoma, and Texas.
CrossFirst Bankshares (NASDAQ: CFB) announced the appointment of Ben Clouse as Chief Financial Officer, effective July 12, 2021. Clouse, who previously served as CFO of Waddell & Reed Financial, will oversee financial planning and reporting and support the bank's growth strategy. CEO Mike Maddox expressed confidence in Clouse's extensive financial leadership experience. Clouse succeeds David O'Toole, who will remain as Chief Investment Officer during the transition. The press release includes a cautionary note on forward-looking statements regarding the bank's future.
CrossFirst Bankshares, Inc. (NASDAQ: CFB) is set to expand into the Phoenix market by appointing Kevin Halloran as the new Phoenix Market President. Halloran, who has over 35 years of banking experience, will lead the opening of a new bank location and will focus on delivering exceptional services to local businesses and clients. The bank is currently seeking regulatory approval to establish a temporary office and plans to move to a permanent site later this year. This expansion follows CrossFirst's successful growth in Kansas and surrounding states since 2007.
CrossFirst Bankshares, Inc. (NASDAQ: CFB) announced the passing of Vice Chairman George F. Jones, Jr. on May 21, 2021, at the age of 77. Jones, an integral part of the Board since 2016, previously served as CEO of Texas Capital Bank. His leadership was pivotal in guiding CrossFirst through its public transition, and he was highly regarded for his significant banking experience. The company expressed deep condolences for his loss, highlighting his impact on the organization and the banking industry.
CrossFirst Bankshares (CFB) reported a net income of $12.0 million, or $0.23 per diluted share for Q1 2021, marking a significant increase from $3.9 million in Q1 2020. Pre-tax, pre-provision profits rose by 24% year-over-year to $22.4 million. The bank's operating revenue grew by 12%, supported by strong loan and deposit growth of $68 million and $357 million, respectively. Efficiency ratio improved to 50.41%. However, net interest income declined by 11% due to low market rates. The bank remains well-capitalized with a tangible book value of $12.17 per share.
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