CrossFirst Bankshares, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 22, 2024 at 04:11 pm EST
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CrossFirst Bankshares, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 56.95 million compared to USD 54.02 million a year ago. Net income was USD 17.65 million compared to USD 11.95 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.35 compared to USD 0.24 a year ago.
For the full year, net interest income was USD 224.84 million compared to USD 193.53 million a year ago. Net income was USD 66.67 million compared to USD 61.6 million a year ago. Basic earnings per share from continuing operations was USD 1.35 compared to USD 1.24 a year ago. Diluted earnings per share from continuing operations was USD 1.34 compared to USD 1.23 a year ago.
CrossFirst Bankshares, Inc. is a bank holding company for CrossFirst Bank (the Bank). The Bank provides a full suite of financial services to businesses, business owners, professionals and their personal networks through its offices located in Kansas, Missouri, Oklahoma, Texas, Arizona, Colorado and New Mexico. The Bank operates as a regional bank, which provides deposit and lending products to commercial and consumer clients. In addition to its branch locations, it also offers private banking solutions and commercial banking solutions. It focuses on various loan categories, including commercial loans; commercial real estate loans; construction and development loans; multifamily real estate loans; energy loans; and consumer loans. It offers deposit banking products, including personal and business checking and savings accounts; international banking services; treasury management services; negotiable order of withdrawal accounts; automated teller machine access; and mobile banking.