CrossFirst Bankshares Inc. (CFB) Tops Q1 EPS by 4c

CrossFirst Bankshares Inc. (NASDAQ: CFB) reported Q1 EPS of $0.23, $0.04 better than the analyst estimate of $0.19.

"I am extremely proud of our team's effort as we posted our highest quarterly net income to date for the first quarter, despite still having elevated provisioning and additional margin compression from persistently low interest rates," said CrossFirst’s CEO and President Mike Maddox. "The Company's performance was impacted by continued organic growth and enhanced by the efficiency initiatives we implemented in 2020, which contributed to generating positive operating revenue growth and our highest quarterly pre-tax, pre-provision profits to date for the first quarter. Our asset quality and related metrics continued to trend in the right direction as a result of the economic recovery, additional fiscal stimulus, regulatory relief, and stronger energy prices."

For earnings history and earnings-related data on CrossFirst Bankshares Inc. (CFB) click here.

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