CrossFirst Bankshares, Inc. (NASDAQ:CFB) Q2 2023 Earnings Conference Call July 18, 2023 11:00 AM ET

Company Participants

Mike Daley - Chief Accounting Officer and Head of Investor Relations

Mike Maddox - President and Chief Executive Officer

Randy Rapp - President

Ben Clouse - Chief Financial Officer

Conference Call Participants

Brady Gailey - KBW

Michael Rose - Raymond James

Matt Olney - Stephens

Andrew Liesch - Piper Sandler

Operator

Good day, and welcome to the CrossFirst Bankshares, Inc. Second Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Mike Daley, Chief Accounting Officer and Head of Investor Relations. Please go ahead.

Mike Daley

Good morning, and welcome to CrossFirst Bankshares' second quarter 2023 earnings conference call. Before we begin, please be aware this call will include forward-looking statements, including statements about our business plans, expansion and growth opportunities, expected acquisition of Canyon Bancorporation, Inc., and our future financial performance. These comments are based on our current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from these statements. Our forward-looking statements are as of the date of this call, and we do not assume any obligation to update or revise them, except as required by law. Statements made on this call should be considered together with the risk factors identified in our earnings release and our other filings with the SEC.

We may also refer to adjusted or non-GAAP financial measures. A reconciliation of non-GAAP financial measures to GAAP financial measures can be found in our earnings release. These non-GAAP financial measures are not meant to be a substitute for or superior to financial measures prepared in accordance with GAAP.

Our presentation will include remarks from Mike Maddox, President and CEO of CrossFirst Bankshares; Randy Rapp, President of CrossFirst Bank; and Ben Clouse, CFO of CrossFirst Bankshares. At the conclusion of our prepared remarks, our operator, Betsy, will facilitate a Q&A session.

At this time, I would like to turn the call over to Mike, who will begin on slide four of the presentation available on our Web site, and filed with our earnings release. Mike?

Mike Maddox

Thank you, Mike. I look forward to this opportunity to share an update on our second quarter results. It has been an unprecedented and challenging time for the banking industry. But despite all the recent turmoil, we continue to focus on delivering value to our clients, employees, shareholders, and communities. Deposit stability and liquidity are top of mind for investors, and our financial results reflect the benefits of our relationship-driven business model; balanced business mix, high-quality client base, desirable growing markets, and the relentless efforts of our extraordinary team.