CrossFirst Bankshares (CFB) reported $68.87 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 12.1%. EPS of $0.45 for the same period compares to $0.39 a year ago.The reported revenue represents a surprise of +2.39% over the Zacks Consensus Estimate of $67.27 million. With the consensus EPS estimate being $0.42, the EPS surprise was +7.14%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare t ...

CrossFirst Bankshares (CFB) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this bank holding company would post earnings of $0.39 per share when it actually produced earnings of $0.43, delivering a surprise of 10.26%.Over the last four quart ...

Financial Performance - CrossFirst Bankshares reported record fourth quarter net income of $22.1 million, or $0.44 per diluted common share, and full year net income of $78.5 million, or $1.56 per diluted common share[1]. - Adjusted net income for the fourth quarter was $22.9 million, or $0.45 per diluted common share, and for the full year was $81.6 million, or $1.62 per diluted common share[10]. - Net income for the year ended December 31, 2024, was $78,546 thousand, compared to $66,669 thousand in 2023, indicating an increase of 17.7%[46]. - Basic earnings per common share for the year ended December 31, 2024, was $1.58, up from $1.35 in 2023, representing a growth of 17.0%[46]. - Net income for the three months ended December 31, 2024, was $22,052,000, an increase from $19,649,000 in the previous quarter, and $78,546,000 for the year ended December 31, 2024, compared to $66,669,000 for the previous year[59]. Revenue and Income Growth - Operating revenue for full year 2024 grew 7% compared to the prior year, reaching $261.8 million[3]. - Total interest income for the three months ended December 31, 2024, was $123,201 thousand, an increase from $117,810 thousand in the same period of 2023, representing a growth of 4.0%[46]. - Net interest income after provision for credit losses for the year ended December 31, 2024, was $227,521 thousand, compared to $210,352 thousand in 2023, reflecting an increase of 8.2%[46]. - Non-interest income for the three months ended December 31, 2024, totaled $5,888 thousand, up from $4,483 thousand in the same period of 2023, marking a growth of 31.4%[46]. Asset and Liability Management - Total assets increased to $7,669.7 million as of December 31, 2024, up from $7,380.7 million a year earlier, representing a growth of 3.9%[45]. - Total liabilities of the company stood at $6,895.9 million, up from $6,672.5 million, indicating a 3.4% increase year-over-year[45]. - Total assets increased by $88 million, or 1%, quarter-over-quarter, and by $289 million, or 4%, year-over-year, primarily due to increases in cash and loans[24]. Loan and Deposit Trends - Loans ended the quarter at $6.3 billion, down $73 million, or 1%, compared to the prior quarter, but grew $130 million, or 2%, for the full year[3]. - Deposits increased to $6.7 billion, up $81 million, or 1%, for the quarter, and grew $224 million, or 3%, for the full year[3]. - Loans decreased by $73 million, or 1%, compared to the previous quarter, but increased by $130 million, or 2%, year-over-year, driven mainly by growth in the energy segment[25]. - Deposits increased by $81 million, or 1%, quarter-over-quarter, and by $224 million, or 3%, year-over-year, primarily due to increases in non-interest bearing and savings deposits[27]. Credit Quality and Risk Management - Non-performing assets were 0.52% of total assets, with full year net charge-offs at 0.09% of average loans[4]. - The allowance for credit losses was $79.0 million, or 1.26% of outstanding loans, as of December 31, 2024[32]. - Non-performing assets increased by $14.4 million to $40.2 million, or 0.52% of total assets, primarily due to increases in non-accrual loans[31]. - The provision for credit losses for the year ended December 31, 2024, was $11,112 thousand, a decrease from $14,489 thousand in 2023, indicating a reduction of 23.5%[46]. Efficiency and Cost Management - The efficiency ratio improved to 57.69%, a decrease of 2% since 2023[11]. - Full year non-interest expense increased by $4.1 million compared to 2023, with an adjusted increase of $6.5 million excluding merger-related and employee separation costs[21]. - Total non-interest expense for the year ended December 31, 2024, was $151,023 thousand, compared to $146,907 thousand in 2023, reflecting an increase of 2.9%[46]. - The efficiency ratio (GAAP) improved to 53.99% for the three months ended December 31, 2024, down from 57.52% in the previous quarter, and 57.69% for the year ended December 31, 2024, compared to 59.84% for the previous year[59]. Future Outlook and Strategic Initiatives - The merger with Busey Corporation is expected to close on March 1, 2025, following the receipt of all required regulatory approvals[8]. - The company anticipates growth opportunities and expense control initiatives as part of its forward-looking strategy[39]. - CrossFirst Bankshares is focused on expanding its market presence across multiple states including Kansas, Missouri, Oklahoma, Texas, Arizona, Colorado, and New Mexico[41]. - The company is pursuing a proposed transaction with Busey, which may impact customer retention and operational efficiencies[40]. - CrossFirst Bankshares is actively managing its growth strategy, including entering new lines of business and enhancing service offerings[40].

LEAWOOD, Kan., Jan. 28, 2025 (GLOBE NEWSWIRE) -- CrossFirst Bankshares, Inc. (NASDAQ:CFB), the bank holding company for CrossFirst Bank, today reported operating results for the fourth quarter and full-year ended December 31, 2024. The fourth quarter and full-year earnings release can be viewed here: https://investors.crossfirstbankshares.com/financials/quarterly-reports Investor ContactMike Daley | CrossFirst Bankshares, Inc.913.754.9707 | mike.daley@crossfirstbank.com About CrossFirst Bankshares, Inc. Cr ...

Core Viewpoint - CrossFirst Bankshares (CFB) has received an upgrade to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Ratings - The Zacks rating system is primarily based on a company's changing earnings picture, tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - A strong correlation exists between changes in earnings estimates and near-term stock price movements, making the Zacks rating system valuable for investors [3][5]. - The recent upgrade for CrossFirst indicates a positive outlook on its earnings, which could positively affect its stock price [4][6]. Performance Metrics - For the fiscal year ending December 2024, CrossFirst is expected to earn $1.57 per share, reflecting a 6.8% increase from the previous year [9]. - Over the past three months, the Zacks Consensus Estimate for CrossFirst has risen by 2.6%, indicating a trend of increasing earnings estimates [9]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions and potential for market-beating returns [10][11].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 001-39028 Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, October 31:Matson, Inc. (MATX) : This ocean transportation and logistics provider carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.Matson has a price-to-earnings ratio (P/E) of 11.73 compared with 20.00 for the industry. The company possesses a Value Scoreof A.H&R Block, Inc. (HRB) : This DIY tax return preparation se ...

CrossFirst Bankshares (CFB) reported $67.13 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 9.9%. EPS of $0.43 for the same period compares to $0.37 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $65.42 million, representing a surprise of +2.62%. The company delivered an EPS surprise of +10.26%, with the consensus EPS estimate being $0.39.While investors closely watch year-over-year changes in headline numbers -- revenue and ear ...

CrossFirst Bankshares (CFB) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.26%. A quarter ago, it was expected that this bank holding company would post earnings of $0.34 per share when it actually produced earnings of $0.37, delivering a surprise of 8.82%.Over the last four quart ...

LEAWOOD, Kan., Oct. 22, 2024 (GLOBE NEWSWIRE) -- CrossFirst Bankshares, Inc. (Nasdaq: CFB), the bank holding company for CrossFirst Bank, today reported operating results for the third quarter ended September 30, 2024. The third quarter earnings release can be viewed here: https://investors.crossfirstbankshares.com/financials/quarterly-reports Investor ContactMike Daley | CrossFirst Bankshares, Inc.913.754.9707 | mike.daley@crossfirstbank.com About CrossFirst Bankshares, Inc. CrossFirst Bankshares, Inc. (N ...