CrossFirst Bankshares (CrossFirst Bankshares) Credit Losses Provision : $10.8 Mil (As of Mar. 2024)

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What is CrossFirst Bankshares Credit Losses Provision?

CrossFirst Bankshares's credit losses provision for the three months ended in Mar. 2024 was $1.7 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $10.8 Mil.

CrossFirst Bankshares's quarterly credit losses provision increased from Sep. 2023 ($2.4 Mil) to Dec. 2023 ($4.1 Mil) but then declined from Dec. 2023 ($4.1 Mil) to Mar. 2024 ($1.7 Mil).

CrossFirst Bankshares's annual credit losses provision increased from Dec. 2021 ($-4.0 Mil) to Dec. 2022 ($7.1 Mil) and increased from Dec. 2022 ($7.1 Mil) to Dec. 2023 ($13.6 Mil).

CrossFirst Bankshares Credit Losses Provision Historical Data

The historical data trend for CrossFirst Bankshares's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CrossFirst Bankshares Credit Losses Provision Chart

CrossFirst Bankshares Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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29.90

56.70

-4.00

7.10

13.59

CrossFirst Bankshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															4.42	2.64	2.43	4.10	1.66

CrossFirst Bankshares Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $10.8 Mil.

CrossFirst Bankshares (CrossFirst Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CrossFirst Bankshares Inc (NAS:CFB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

11440 Tomahawk Creek Parkway, Leawood, KS, USA, 66211

Website

https://www.crossfirstbank.com

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.

Executives

Hansen George E. Iii	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Michael Kent Robinson	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
James W. Kuykendall	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Michael John Daley	officer: Chief Accounting Officer	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Jennifer M Payne	officer: Chief Risk Officer	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Mason King	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
George Bruce	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Lance Humphreys	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Benjamin R Clouse	officer: CFO	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Amy C. Abrams	officer: General Counsel & Corp Sec	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Jana Merfen	officer: CHIEF TECHNOLOGY OFFICER	11440 TOMAHAWK CREEK PKWY, LEAWOOD KS 66211
Mike Maddox	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
David L. O'toole	director, officer: CFO and Investment Officer	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Jones George F Jr	director, officer: President and CEO	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Steve M Peterson	officer: Chief Banking Officer	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211