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CrossFirst Bancshares reports Q4 EPS 36c, consensus 32c
The Fly

CrossFirst Bancshares reports Q4 EPS 36c, consensus 32c

Reports Q4 fully taxable equivalent net interest income totaled $54.8M for the fourth quarter of 2022, which was 9% higher than the third quarter and 24% higher than the fourth quarter of 2021. Net interest margin – FTE increased to 3.61% in the current quarter from 3.56% in the previous quarter and 3.30% in the fourth quarter of 2021 as increases in earning asset yields outpaced the cost of funds increase. Full year 2022 net interest income – FTE grew $25.1M an increase of 15% compared to 2021. CrossFirst had a very successful quarter with the closing of our acquisition of Central, launching our new digital banking platform, and incredibly strong organic balance sheet growth," said CrossFirst’s CEO and President, Mike Maddox. "2022 was our best year on recordby a number of different measures, and strategic investments we made last year supported our entry into dynamic markets including Phoenix and Denver, which we believe will drive significant future growth.

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