CrossFirst Bankshares Inc. (NASDAQ:CFB) Q1 2024 Earnings Call Transcript April 16, 2024 11:00 AM ET

Company Participants

Mike Daley - Chief Accounting Officer and Head of Investor Relations
Mike Maddox - President, CEO and Director
Randy Rapp - President & Director
Ben Clouse - Chief Financial Officer

Conference Call Participants

Woody Lay - KBW
Michael Rose - Raymond James
Andrew Liesch - Piper Sandler
Matt Olney - Stephens

Operator

Good morning, and welcome to the CrossFirst Bankshares First Quarter 2024 Earnings Conference Call. All participants will be in 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. Before we begin, please be aware this call will include forward-looking statements, including statements about our business plans, growth opportunities, expense control initiatives, cash requirements and sources of liquidity, capital allocation strategies and plans, 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 today's 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 prepared 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 Cindy will facilitate a Q&A session.

At this time, I would like to turn the call over to Mike, who will begin on Slide 7 of the presentation, available on our website and filed with our earnings release. Mike?

Mike Maddox

Thank you, Mike. Good morning, everyone, and thank you for joining us to discuss CrossFirst’s first quarter financial results. Our company had a solid first quarter with strong organic loan and deposit growth, stable credit quality, expansion of noninterest income, and an increase in earnings. We continue to benefit from operating in dynamic markets with experienced talent. This combination provides steady growth as we execute our strategy focused on serving our clients and driving enhanced shareholder return.