CrossFirst Bankshares Inc reports results for the quarter ended in June - Earnings Summary

Crossfirst Bankshares

15/07/2024 22:01

* CrossFirst Bankshares Inc  CFB.OQ  reported quarterly
adjusted
earnings of 37 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 35 cents.  The mean expectation of five analysts
for the quarter was for earnings of 34 cents per share. Wall
Street expected results to range from 32 cents to 36 cents per
share.
    * Revenue rose 5.4% to $63.59 million from a year ago;
analysts
expected $63.68 million. 
    * CrossFirst Bankshares Inc's reported EPS for the quarter
was 37
cents​.
    * The company reported quarterly net income of $18.6
million.
    * CrossFirst Bankshares Inc shares had risen by 8.6% this
quarter and gained 12.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for CrossFirst
Bankshares Inc is $15.00 
This summary was machine generated from LSEG data July 15 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.34           0.37           Beat
 Mar. 31 2024      0.35           0.36           Beat
 Dec. 31 2023      0.36           0.39           Beat
 Sep. 30 2023      0.32           0.37           Beat