Crossfirst Bankshares, Inc. Stock Price, News & Analysis

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.

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.

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.

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

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.

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.

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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