CrossFirst Bankshares, Inc. (CFB)

CrossFirst Bankshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	435.76	400.91	224.14	174.66	183.74	191.53
Interest Income on Investments	37.05	34.24	24.38	18.49	19.71	24.69
Total Interest Income	472.8	435.15	248.51	193.15	203.45	216.22
Interest Paid on Deposits	242.24	201.81	49.98	18.52	36.59	67.67
Interest Paid on Borrowings	4	8.5	5	5.94	6.61	7.11
Total Interest Expense	246.24	210.31	54.98	24.46	43.2	74.77
Net Interest Income	226.57	224.84	193.53	168.69	160.25	141.44
Net Interest Income Growth (YoY)	4.66%	16.18%	14.73%	5.27%	13.30%	28.16%
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.42
Gain (Loss) on Sale of Investments	-	-	-	-	1.75	1.05
Other Non-Interest Income	19.49	17.98	17.23	13.66	9.94	7.88
Total Non-Interest Income	21.75	20.66	17.28	13.66	11.73	8.71
Non-Interest Income Growth (YoY)	18.63%	19.58%	26.51%	16.42%	34.75%	43.14%
Revenues Before Loan Losses	248.32	245.51	210.82	182.35	171.98	150.15
Provision for Loan Losses	11.47	14.49	11.5	-4	56.7	29.9
Revenue	236.86	231.02	199.31	186.35	115.28	120.25
Revenue Growth (YoY)	8.77%	15.91%	6.96%	61.65%	-4.13%	16.80%
Salaries and Employee Benefits	84.95	83.9	70.87	56.5	53.38	52.39
Federal Deposit Insurance	7.61	7.26	3.35	3.71	4.3	2.79
Amortization of Goodwill & Intangibles	3.72	3.5	0.35	0.08	-	-
Selling, General & Administrative	38.4	38.88	33.4	26.99	24.97	24.35
Other Non-Interest Expense	11.7	11.94	12.72	11.41	8.68	8.03
Total Non-Interest Expense	146.63	145.61	120.68	99.38	92.57	87.64
EBT Excluding Unusual Items	90.22	85.41	78.64	86.97	22.71	32.61
Other Unusual Items	-	-1.3	-1.06	-	-	-
Pretax Income	90.22	84.11	77.57	86.97	15.31	32.61
Income Tax Expense	18.86	17.44	15.97	17.56	2.71	4.14
Net Income	71.36	66.67	61.6	69.41	12.6	28.47
Preferred Dividends & Other Adjustments	0.62	0.41	-	-	-	0.18
Net Income to Common	70.74	66.26	61.6	69.41	12.6	28.3
Net Income Growth	16.26%	8.23%	-11.26%	450.85%	-55.74%	45.34%
Basic Shares Outstanding	49	49	49	51	52	48
Diluted Shares Outstanding	50	49	50	52	53	49
Shares Change (YoY)	1.15%	-1.32%	-3.90%	-0.99%	8.18%	29.56%
EPS (Basic)	1.43	1.35	1.24	1.35	0.24	0.59
EPS (Diluted)	1.42	1.34	1.23	1.33	0.24	0.58
EPS Growth	14.58%	8.94%	-7.52%	454.17%	-58.62%	23.40%
Effective Tax Rate	20.91%	20.73%	20.59%	20.19%	17.72%	12.69%

Source: S&P Capital IQ. Banks template. Financial Sources.