{"id":516713,"date":"2021-07-22T16:10:51","date_gmt":"2021-07-22T20:10:51","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/crossfirst-bankshares-inc-reports-second-quarter-2021-results\/"},"modified":"2021-07-22T16:10:51","modified_gmt":"2021-07-22T20:10:51","slug":"crossfirst-bankshares-inc-reports-second-quarter-2021-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/crossfirst-bankshares-inc-reports-second-quarter-2021-results\/","title":{"rendered":"CrossFirst Bankshares, Inc. Reports Second Quarter 2021 Results"},"content":{"rendered":"
\n

\n Second Quarter 2021 Key Financial Performance Metrics\u00a0\u00a0<\/strong>\n <\/p>\n\n\n\n
\n Net Income <\/strong>\n <\/td>\n\u00a0<\/td>\n\n Diluted EPS<\/strong>\n <\/td>\n\u00a0<\/td>\n\n PTPP<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Net Interest Margin
(FTE)<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Efficiency Ratio<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Book Value per
Common Share<\/strong>\n <\/td>\n<\/tr>\n
\n $15.6 million<\/strong>\n <\/td>\n\u00a0\u00a0<\/td>\n\n $<\/strong>
\n 0.30<\/strong>\n <\/td>\n		\u00a0\u00a0<\/td>\n\n $22.3\u00a0million<\/strong>\n <\/td>\n\u00a0\u00a0<\/td>\n\n 3.12<\/strong>
\n %<\/strong>\n <\/td>\n		\u00a0\u00a0<\/td>\n\n 53.61<\/strong>
\n %<\/strong>\n <\/td>\n		\u00a0\u00a0<\/td>\n\n $<\/strong>
\n 12.50<\/strong>\n <\/td>\n<\/tr>\n<\/table>\n

LEAWOOD, Kan., July 22, 2021 (GLOBE NEWSWIRE) — CrossFirst Bankshares, Inc. (Nasdaq: CFB), the bank holding company for CrossFirst Bank, today reported its results for the second quarter of 2021, with net income of $15.6 million, or $0.30 per diluted share, and year-to-date net income of $27.6 million, or $0.53 per diluted share.<\/p>\n

\n CEO Commentary:<\/strong>
\n \n <\/p>\n

“During the second quarter, we achieved the strongest profitability in the Company’s history and I am extremely proud of our team for executing on several key strategic initiatives that provides a foundation for future growth and success,” said CrossFirst\u2019s CEO and President, Mike Maddox.\u00a0 “The Company took several steps to improve the efficiency of the balance sheet and reduce excess liquidity, which resulted in stronger performance metrics, improved margin, and stronger core earnings power.\u00a0 We grew our operating revenue 6% from the previous quarter and our asset quality metrics improved with the strengthening of the loan portfolio and economic recovery.\u00a0 We made great progress on our expansion efforts in Arizona and Frisco, which we believe will create long term value for the organization.”<\/p>\n

\n 2021 Second Quarter Highlights:<\/strong>\n <\/p>\n