Core Insights - CrossFirst Bankshares reported revenue of $63.59 million for the quarter ended June 2024, reflecting a year-over-year increase of 5.4% [5] - The company achieved an EPS of $0.37, up from $0.35 in the same quarter last year, indicating a positive trend in earnings [5] - The reported revenue was slightly below the Zacks Consensus Estimate of $63.66 million, resulting in a revenue surprise of -0.10% [1] Performance Metrics - Net interest margin stood at 3.2%, matching the three-analyst average estimate [4] - The efficiency ratio was reported at 59.3%, higher than the two-analyst average estimate of 57.9% [4] - Average interest-earning assets totaled $7.49 billion, exceeding the $7.30 billion average estimate [4] - Total non-performing loans were $10.10 million, significantly lower than the two-analyst average estimate of $27.15 million [4] - Total non-performing assets were reported at $16.70 million, also below the two-analyst average estimate of $29.90 million [4] - Net charge-offs as a percentage of average loans were 0.1%, better than the 0.2% average estimate [4] - Net interest income was $57.89 million, slightly above the $57.76 million average estimate [4] - Non-interest income matched the average estimate at $5.70 million [4] Stock Performance - CrossFirst shares have returned +19.4% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [2] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [2]
CrossFirst (CFB) Reports Q2 Earnings: What Key Metrics Have to Say