CrossFirst Bankshares (CFB) Financial Statements
Price: $15.99
Market Cap: $788.64M
Avg Volume: 236.11K
Market Cap: $788.64M
Avg Volume: 236.11K
Country: US
Industry: Banks - Regional
Sector: Financial Services
Industry: Banks - Regional
Sector: Financial Services
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of CrossFirst Bankshares.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | $231.02M | $77.00K | $182.35M | $171.98M | $150.58M | $116.62M | $80.40M |
| Cost of Revenue | $- | $- | $- | $- | $- | $-4.00K | $- |
| Gross Profit | $231.02M | $77.00K | $182.35M | $171.98M | $150.58M | $116.62M | $80.40M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $96.44M | $78.64M | $64.78M | $62.05M | $59.90M | $54.57M | $44.44M |
| Selling and Marketing Expenses | $2.89M | $3.20M | $2.09M | $1.22M | $2.46M | $2.69M | $2.65M |
| Selling General and Administrative Expenses | $99.33M | $81.84M | $66.88M | $63.27M | $62.36M | $57.26M | $47.09M |
| Other Expenses | $146.11M | $50.63M | $-162.26M | $-219.94M | $-164.33M | $-120.67M | $-100.08M |
| Operating Expenses | $245.44M | $132.47M | $-95.38M | $-156.67M | $-101.97M | $-52.91M | $-52.99M |
| Cost and Expenses | $245.44M | $132.47M | $-95.38M | $-156.67M | $-101.97M | $-52.91M | $-52.99M |
| Interest Income | $435.15M | $248.51M | $193.15M | $203.45M | $216.22M | $156.88M | $97.14M |
| Interest Expense | $210.31M | $54.98M | $24.46M | $43.20M | $74.77M | $46.51M | $23.00M |
| Depreciation and Amortization | $9.46M | $5.30M | $5.26M | $5.25M | $1.73M | $1.79M | $1.27M |
| EBITDA | $93.57M | $82.88M | $92.23M | $20.57M | $37.93M | $- | $- |
| EBITDA Ratio | 40.50% | 107632.00% | 50.58% | 11.96% | 33.43% | 58.64% | 37.89% |
| Operating Income | $84.11M | $132.55M | $86.97M | $15.31M | $48.61M | $63.71M | $27.41M |
| Operating Income Ratio | 36.41% | 172144.16% | 47.69% | 8.90% | 32.28% | 54.63% | 34.09% |
| Total Other Income Expenses Net | $- | $-17.47M | $-15.89M | $-21.61M | $-10.90M | $-10.79M | $-6.44M |
| Income Before Tax | $84.11M | $77.57M | $86.97M | $15.31M | $48.61M | $17.20M | $4.41M |
| Income Before Tax Ratio | 36.41% | 100742.86% | 47.69% | 8.90% | 32.28% | 14.75% | 5.48% |
| Income Tax Expense | $17.44M | $15.97M | $17.56M | $2.71M | $8.05M | $-2.39M | $-1.44M |
| Net Income | $66.67M | $61.60M | $69.41M | $12.60M | $40.56M | $19.59M | $5.85M |
| Net Income Ratio | 28.86% | 79998.70% | 38.07% | 7.33% | 26.93% | 16.80% | 7.27% |
| EPS | $1.35 | $1.24 | $1.35 | $0.24 | $0.85 | $0.38 | $0.07 |
| EPS Diluted | $1.34 | $1.23 | $1.33 | $0.24 | $0.83 | $0.38 | $0.07 |
| Weighted Average Shares Outstanding | 49.01M | 49.49M | 51.29M | 52.07M | 47.68M | 51.12M | 51.12M |
| Weighted Average Shares Outstanding Diluted | 49.34M | 50.00M | 52.03M | 52.55M | 48.58M | 51.12M | 51.12M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $234.03M | $300.14M | $482.73M | $408.81M | $187.32M | $216.54M | $130.82M |
| Short Term Investments | $5.50M | $686.90M | $745.97M | $654.59M | $741.63M | $284.02M | $703.58M |
| Cash and Short Term Investments | $234.03M | $301.21M | $1.23B | $1.06B | $928.95M | $880.22M | $834.40M |
| Net Receivables | $- | $- | $- | $17.24M | $15.72M | $14.09M | $- |
| Inventory | $- | $-330.77M | $-499.90M | $-428.39M | $-206.66M | $- | $-148.54M |
| Other Current Assets | $- | $- | $- | $- | $- | $2.47B | $- |
| Total Current Assets | $234.03M | $330.72M | $1.24B | $1.08B | $944.67M | $3.36B | $846.61M |
| Property Plant Equipment Net | $100.87M | $65.98M | $66.07M | $70.51M | $70.21M | $74.94M | $36.65M |
| Goodwill | $14.13M | $12.84M | $- | $- | $7.40M | $7.40M | $7.40M |
| Intangible Assets | $17.20M | $16.25M | $130.00K | $208.00K | $297.00K | $399.00K | $500.00K |
| Goodwill and Intangible Assets | $31.34M | $29.08M | $130.00K | $208.00K | $7.69M | $7.80M | $7.90M |
| Long Term Investments | $11.88M | $686.90M | $745.97M | $654.59M | $741.63M | $663.68M | $703.58M |
| Tax Assets | $- | $48.52M | $26.03M | $30.04M | $13.78M | $22.82M | $18.41M |
| Other Non-Current Assets | $7.00B | $-48.52M | $-26.16M | $-30.04M | $-13.78M | $-22.82M | $-18.41M |
| Total Non-Current Assets | $7.15B | $781.97M | $812.04M | $725.30M | $819.54M | $746.42M | $748.13M |
| Other Assets | $- | $5.49B | $3.56B | $3.85B | $3.18B | $- | $1.37B |
| Total Assets | $7.38B | $6.60B | $5.62B | $5.66B | $4.94B | $4.11B | $2.96B |
| Account Payables | $94.42M | $87.61M | $32.68M | $43.77M | $31.25M | $19.51M | $11.92M |
| Short Term Debt | $- | $5.00M | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $11.18M | $24.96M | $-28.68M | $-99.90M | $-75.70M |
| Other Current Liabilities | $2.57B | $-92.61M | $-32.68M | $-68.73M | $-2.57M | $-19.51M | $-11.92M |
| Total Current Liabilities | $2.66B | $92.61M | $32.68M | $43.77M | $31.25M | $19.51M | $11.92M |
| Long Term Debt | $86.84M | $228.57M | $237.61M | $294.06M | $359.66M | $313.87M | $320.06M |
| Deferred Revenue Non-Current | $- | $-3.50M | $226.05M | $278.84M | $348.13M | $-26.01M | $314.48M |
| Deferred Tax Liabilities Non-Current | $- | $3.50M | $11.55M | $15.22M | $11.53M | $6.50M | $5.59M |
| Other Non-Current Liabilities | $6.57B | $-228.57M | $-237.61M | $4.74B | $3.97B | $-320.37M | $-320.06M |
| Total Non-Current Liabilities | $6.65B | $92.61M | $237.61M | $294.06M | $359.66M | $313.87M | $320.06M |
| Other Liabilities | $-2.64B | $5.81B | $4.68B | $4.70B | $3.94B | $3.28B | $2.34B |
| Total Liabilities | $6.67B | $5.99B | $4.95B | $5.03B | $4.33B | $3.62B | $2.67B |
| Preferred Stock | $- | $- | $- | $- | $- | $12.00K | $12.00K |
| Common Stock | $533.00K | $530.00K | $526.00K | $523.00K | $520.00K | $451.00K | $307.00K |
| Retained Earnings | $272.35M | $206.09M | $147.10M | $77.65M | $76.67M | $38.57M | $23.95M |
| Accumulated Other Comprehensive Income Loss | $-50.05M | $-64.56M | $21.49M | $29.40M | $16.45M | $-3.01M | $7.03M |
| Other Total Stockholders Equity | $485.31M | $466.53M | $498.46M | $516.85M | $519.87M | $454.51M | $256.11M |
| Total Stockholders Equity | $708.14M | $608.60M | $667.57M | $624.43M | $613.42M | $490.34M | $287.15M |
| Total Equity | $708.14M | $608.60M | $667.57M | $624.43M | $613.42M | $490.34M | $287.15M |
| Total Liabilities and Stockholders Equity | $7.38B | $6.60B | $5.62B | $5.66B | $4.94B | $4.11B | $2.96B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $7.38B | $6.60B | $5.62B | $5.66B | $4.94B | $4.11B | $2.96B |
| Total Investments | $11.88M | $687.98M | $1.49B | $1.31B | $1.48B | $1.33B | $1.41B |
| Total Debt | $86.84M | $258.57M | $237.61M | $294.06M | $359.66M | $313.87M | $320.06M |
| Net Debt | $-147.19M | $-41.57M | $-245.12M | $-114.75M | $172.34M | $97.33M | $189.25M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|
| Net Income | $66.67M | $61.60M | $69.41M | $12.60M | $28.47M | $19.59M | $5.85M |
| Depreciation and Amortization | $9.46M | $5.30M | $5.26M | $5.25M | $5.32M | $4.67M | $3.06M |
| Deferred Income Tax | $-2.09M | $-1.97M | $2.66M | $-5.26M | $-3.49M | $-239.00K | $-3.21M |
| Stock Based Compensation | $5.28M | $4.42M | $4.58M | $4.36M | $4.72M | $4.60M | $2.38M |
| Change in Working Capital | $6.20M | $-2.13M | $3.02M | $-3.40M | $7.07M | $1.74M | $-1.10M |
| Accounts Receivables | $- | $-10.97M | $1.21M | $-1.52M | $-1.62M | $-1.88M | $-3.41M |
| Inventory | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $6.20M | $8.84M | $1.81M | $-1.88M | $8.70M | $3.62M | $2.31M |
| Other Non Cash Items | $13.83M | $13.13M | $3.43M | $66.90M | $31.73M | $15.48M | $15.85M |
| Net Cash Provided by Operating Activities | $99.36M | $80.35M | $88.37M | $80.45M | $73.83M | $45.85M | $22.82M |
| Investments in Property Plant and Equipment | $-8.95M | $-2.57M | $-1.21M | $-6.09M | $-850.00K | $-42.83M | $-16.52M |
| Acquisitions Net | $19.35M | $125.75M | $173.37M | $-639.91M | $-802.62M | $-1.06B | $-705.82M |
| Purchases of Investments | $-220.44M | $-116.14M | $-225.72M | $-76.22M | $-233.12M | $-209.29M | $-208.54M |
| Sales Maturities of Investments | $194.53M | $100.20M | $124.36M | $173.87M | $176.38M | $231.14M | $109.19M |
| Other Investing Activities | $-642.73M | $-727.19M | $8.41M | $3.76M | $-1.67M | $1.15M | $-30.39M |
| Net Cash Used for Investing Activities | $-658.25M | $-619.95M | $79.20M | $-544.59M | $-861.87M | $-1.08B | $-852.07M |
| Debt Repayment | $-165.56M | $-4.08M | $-59.58M | $-65.64M | $45.76M | $-6.23M | $123.78M |
| Common Stock Issued | $3.00K | $368.00K | $175.00K | $154.00K | $88.87M | $203.85M | $55.76M |
| Common Stock Repurchased | $- | $-35.78M | $-22.29M | $-7.30M | $- | $-13.16M | $-55.00K |
| Dividends Paid | $-413.00K | $- | $- | $-983.00K | $-700.00K | $-2.10M | $-2.10M |
| Other Financing Activities | $679.95M | $396.86M | $-11.80M | $753.49M | $625.69M | $941.96M | $626.72M |
| Net Cash Used Provided by Financing Activities | $513.98M | $357.00M | $-93.66M | $685.63M | $758.82M | $1.12B | $804.10M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-44.91M | $-182.59M | $73.92M | $221.49M | $-29.22M | $85.72M | $-25.15M |
| Cash at End of Period | $255.23M | $300.14M | $482.73M | $408.81M | $187.32M | $216.54M | $130.82M |
| Cash at Beginning of Period | $300.14M | $482.73M | $408.81M | $187.32M | $216.54M | $130.82M | $155.97M |
| Operating Cash Flow | $99.36M | $80.35M | $88.37M | $80.45M | $73.83M | $45.85M | $22.82M |
| Capital Expenditure | $-8.95M | $-2.57M | $-1.21M | $-6.09M | $-850.00K | $-42.83M | $-16.52M |
| Free Cash Flow | $90.40M | $77.78M | $87.16M | $74.36M | $72.98M | $3.02M | $6.30M |