Crossfirst Bankshares Inc Up 1.68% To $10.28 After Earnings Beat

Crossfirst Bankshares Inc (CFB) said after close Monday that it earned $0.37 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $61.1 million, beating estimates by $508 thousand.

In the same quarter a year ago, the company earned $0.35 per share on revenue of $53.5 million.

The stock is up 1.68% to $10.28 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Crossfirst Bankshares Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 24, putting Crossfirst Bankshares Inc in the bottom 25% of stocks. The firm set a 52-week low on May 4, 2023 at $9.29 and set a 52-week high on February 27, 2023 at $14.66.

CrossFirst Bankshares Inc is engaged in providing banking and financial services to businesses, business owners, professionals, and professional networks. The services offered by the company include Checking accounts, Savings accounts, Personal Loans, International Banking, Business Loans, and Treasury services. The company generates revenue from interest income and fees on loans and interest earned from its marketable securities portfolio.