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1. Company Snapshot

1.a. Company Description

CrossFirst Bankshares, Inc.operates as the bank holding company for CrossFirst Bank that provides various banking and financial services to businesses, business owners, professionals, and its personal networks.The company offers commercial real estate, construction and development, 1-4 family real estate, commercial, energy, and consumer loans.


It also provides a range of deposit products consisting of noninterest-bearing demand and interest-bearing deposits, which include transaction accounts, savings accounts, money market accounts, and certificates of deposit; and personal and business checking and savings accounts, as well as negotiable order of withdrawal accounts; and brokered and reciprocal deposits.In addition, the company offers international banking services; treasury management services; automated teller machine access; and mobile banking services.Further, it holds investments in marketable securities.


As of December 31, 2021, it had nine full-service banking offices in Kansas, Missouri, Oklahoma, Arizona, and Texas.CrossFirst Bankshares, Inc.was founded in 2007 and is headquartered in Leawood, Kansas.

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1.b. Last Insights on CFB

CrossFirst Bankshares, Inc.'s recent performance was primarily driven by the company's acquisition by First Busey Corporation, announced on March 3, 2025. This deal likely overshadowed the bank's record Q4 and full-year 2024 results, which featured strong earnings and revenue growth. The acquisition news may have drawn attention away from the bank's financial performance, potentially impacting investor sentiment. Additionally, the news of Arrowhead Pharmaceuticals' interim clinical data on ARO-CFB, a potential treatment for complement mediated diseases, may have also been a distraction for the bank's investors.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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First Busey Corporation Announces 2025 First Quarter Results

Apr -22

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First Busey Corporation Completes Acquisition of CrossFirst Bankshares, Inc. and CrossFirst Bank

Mar -03

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CrossFirst (CFB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Jan -29

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CrossFirst Bankshares (CFB) Surpasses Q4 Earnings and Revenue Estimates

Jan -29

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CrossFirst Bankshares, Inc. Reports Record Fourth Quarter and Record Full Year 2024 Results

Jan -28

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Arrowhead Pharmaceuticals Presents Interim Clinical Data on ARO-CFB for the Treatment of Complement Mediated Diseases

Dec -11

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CROSSFIRST BANKSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of CrossFirst Bankshares, Inc. - CFB

Dec -06

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CrossFirst (CFB) Upgraded to Strong Buy: What Does It Mean for the Stock?

Nov -06

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.00%)

6. Segments

Banking and Financial Services

Expected Growth: 10.0%

CrossFirst Bankshares, Inc.'s 10.0% growth in Banking and Financial Services is driven by strategic acquisitions, expansion into new markets, and a strong commercial lending pipeline. Additionally, the company's focus on digital transformation, cost savings initiatives, and a favorable interest rate environment have contributed to its growth momentum.

7. Detailed Products

Commercial Banking

Provides financial solutions to businesses, including cash management, lending, and treasury management services.

Consumer Banking

Offers personal banking services, including checking and savings accounts, credit cards, and personal loans.

Mortgage Banking

Provides mortgage lending services to individuals and families, including purchase and refinance loans.

Wealth Management

Offers investment and wealth management services, including financial planning, investment management, and trust services.

Treasury Management

Provides cash management and treasury services to businesses, including account management, payment processing, and fraud prevention.

8. CrossFirst Bankshares, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for CrossFirst Bankshares, Inc. is medium due to the presence of alternative financial institutions and digital payment platforms.

Bargaining Power Of Customers

The bargaining power of customers for CrossFirst Bankshares, Inc. is low due to the lack of concentration of buyers and the presence of multiple banking options.

Bargaining Power Of Suppliers

The bargaining power of suppliers for CrossFirst Bankshares, Inc. is medium due to the presence of multiple suppliers and the bank's moderate dependence on them.

Threat Of New Entrants

The threat of new entrants for CrossFirst Bankshares, Inc. is high due to the relatively low barriers to entry in the banking industry and the presence of fintech companies.

Intensity Of Rivalry

The intensity of rivalry for CrossFirst Bankshares, Inc. is high due to the presence of multiple competitors in the banking industry and the need to differentiate itself through innovative products and services.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 11.51%
Debt Cost 8.75%
Equity Weight 88.49%
Equity Cost 9.07%
WACC 9.04%
Leverage 13.01%

11. Quality Control: CrossFirst Bankshares, Inc. passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Growth: 7.9

Quality: 7.0

Yield: 3.0

Momentum: 6.0

Volatility: 8.3

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Esquire Financial

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Quality: 7.4

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ChoiceOne Financial Services

A-Score: 6.1/10

Value: 5.5

Growth: 7.7

Quality: 5.4

Yield: 8.0

Momentum: 3.5

Volatility: 6.7

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Colony Bankcorp

A-Score: 6.0/10

Value: 7.3

Growth: 4.1

Quality: 5.2

Yield: 5.0

Momentum: 6.5

Volatility: 7.7

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CrossFirst Bankshares

A-Score: 5.6/10

Value: 6.3

Growth: 8.3

Quality: 7.8

Yield: 0.0

Momentum: 5.0

Volatility: 6.0

1-Year Total Return ->

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A-Score: 5.1/10

Value: 5.4

Growth: 6.6

Quality: 8.0

Yield: 3.0

Momentum: 5.0

Volatility: 2.7

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

15.99$

Current Price

15.99$

Potential

-0.00%

Expected Cash-Flows