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 the bank holding company for CrossFirst Bank, a full-service financial institution headquartered in Leawood, Kansas. The bank offers products and services to businesses, professionals, individuals, and families across its locations in Kansas, Missouri, Oklahoma, Texas, Arizona, Colorado, and New Mexico. This news page aggregates company announcements, earnings updates, and transaction-related disclosures that affect CFB and its stakeholders.
Investors and followers of CFB will find regular news about CrossFirst Bankshares, Inc.’s operating results, including quarterly and full-year earnings releases for periods such as the first, second, third, and fourth quarters. These announcements typically include references to conference calls and webcasts where management discusses financial performance and company developments.
In addition to earnings-related items, this page also captures significant corporate events involving CrossFirst Bankshares, Inc., such as the announced all-stock merger with First Busey Corporation, shareholder approvals of that merger, and regulatory milestones. Public communications describe how the planned combination with First Busey Corporation and Busey Bank is expected to create a larger commercial banking franchise and outline anticipated steps in the merger process, subject to customary conditions and forward-looking risks.
By reviewing the news feed for CFB, users can see how CrossFirst presents its strategy, culture of relationship-based banking, geographic footprint, and partnership with First Busey Corporation over time. This page serves as a centralized view of official press releases and updates related to CrossFirst Bankshares, Inc. and its role as the holding company for CrossFirst Bank.
CrossFirst Bankshares, Inc. (Nasdaq: CFB) will release its third quarter 2020 results on October 20, 2020, following market close. The management will host a conference call at 4 p.m. CT to discuss these results. Interested parties can register for the call or access the webcast via the company's investor relations page. A replay will be available after the call until October 27, 2020. CrossFirst operates eight banking offices in the I-35 corridor across Kansas, Missouri, Oklahoma, and Texas.
CrossFirst Bankshares, Inc. (Nasdaq: CFB) will announce its third quarter 2020 financial results on October 20, 2020, after market close. A conference call to discuss these results will follow at 4 p.m. CT. Participants can register for the call or access the webcast via the company's investor relations website. A replay will be available shortly after the call and accessible until October 27, 2020. CrossFirst operates as a bank holding company with eight full-service banking offices across Kansas, Missouri, Oklahoma, and Texas.
CrossFirst Bankshares, Inc. (Nasdaq: CFB) reported a net loss of $7.4 million for Q2 2020, leading to a year-to-date loss of $3.5 million. Despite the losses, the company achieved its 25th consecutive quarter of operating revenue growth, with $36.5 million in operating revenue. They increased their loan loss allowance by $21 million due to COVID-19 impacts and recorded a $7.4 million goodwill impairment charge. Assets grew to $5.5 billion, with a 20% revenue growth year-over-year. The bank's efficiency ratio improved to 71%, with loans increasing by $418 million over the previous quarter.
CrossFirst Bankshares (Nasdaq: CFB) will announce its second quarter 2020 financial results on July 23, 2020, after the market closes. A conference call and webcast will follow at 4 p.m. Central Time to discuss the results. Participants can register for the call at the company’s investor relations website or dial in toll-free at (877) 621-5851. A replay of the call will be available for one week post-event. CrossFirst operates primarily in the I-35 corridor across Kansas, Missouri, Oklahoma, and Texas, with seven full-service banking offices.
The Board of Directors of CrossFirst Bankshares has announced that Mike Maddox will assume the role of CEO, effective June 1, 2020, transitioning from George F. Jones, Jr., who will remain as Vice Chairman and Board member until 2021. Maddox, who has led CrossFirst Bank since 2008, has expanded its market presence across multiple states and contributed to a substantial asset base exceeding $5 billion. Notably, under their combined leadership, the company has achieved 24 consecutive quarters of positive operating revenue growth, positioning for future success amidst external challenges.