CrossFirst Bankshares, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2020
January 28, 2021 at 09:02 pm
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CrossFirst Bankshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2020. For the quarter, the company reported net interest income of $41,537,000 against $37,179,000 a year ago. Net income was $8,094,000 against loss of $700,000 a year ago. Basic earnings per share was $0.16 against loss per share of $0.01 a year ago. Diluted earnings per share was $0.15 against $0.01 a year ago.
For the year, the company reported net interest income of $160,249,000 against $141,444,000 a year ago. Net income was $12,601,000 against $28,473,000 a year ago. Basic earnings per share was $0.24 against $0.59 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.