Crossfirst Bankshares, Inc. Stock Price, News & Analysis

CrossFirst Bankshares, Inc. (Nasdaq: CFB) announced a conference call on January 25, 2022, at 11:00 AM ET to discuss its fourth quarter and full-year 2021 financial results. Results will be released after market close on January 24, 2022. Participants can access the call by dialing (877) 621-5851 or +1 (470) 495-9492 for international callers, using conference number 9688475. A replay will be available two hours post-call. The bank operates across nine locations in Kansas, Missouri, Oklahoma, Texas, and Arizona.

CrossFirst Bankshares, Inc. (Nasdaq: CFB) reported strong third quarter 2021 results with net income of $21.0 million or $0.41 per diluted share, marking a significant increase from $8.0 million in Q3 2020. Year-to-date net income reached $48.6 million, influenced by a $10 million release from reserves amid improving credit quality. Despite a 2% decline in total assets year-over-year, the company saw a 27% growth in non-interest-bearing deposits. The Board also approved a $30 million stock repurchase program, emphasizing their commitment to shareholder value.

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.