FORWARD-LOOKING STATEMENTS CROSSFIRST
BANKSHARES, INC. The financial results in this presentation
reflect preliminary, unaudited results, which are not final until
the Company’s Quarterly Report on Form 10-Q is filed. This
presentation and oral statements made relating to this presentation
contain forward-looking statements regarding, among other
things, our business plans; expansion targets and opportunities;
post-closing plans, objectives, expectations and intentions with respect
to the Tucson acquisition; expense management initiatives and
the results expected to be realized from those initiatives; anticipated
expenses, cash requirements and sources of liquidity; capital allocatio
n
strategies and plans; and future financial performance. These
statements are often, but not always, made through the use of words
or phrases such as “positioned,” “growth,” “estimate,” “believe,”
“plan,” “future,” “opportunity,” “optimistic,” “anticipate,”
“target,” “expectations,” “expect,” “will,” “strategy,” “goal,
“focused,” “guidance,” “foresee” and similar words or phrases of
a future or forward-looking nature. The inclusion of forward
-looking information herein should not be regarded as a representation
by us or any other person that the future plans, estimates or expectations
contemplated by us will be achieved. These forward-looking statements
are not historical facts, and are based on current expectations,
estimates and projections about our industry, management’s
beliefs, certain assumptions made by management, and
financial trends that may affect our financial condition, results of
operations, business strategy or financial needs, many of which,
by their nature, are inherently uncertain and beyond our control.
Our actual results could differ materially from those anticipated
in such forward-looking statements. Accordingly, we caution
you that any such forward-looking statements are not guarantees
of future performance and are subject to risks, assumptions, estimates and
uncertainties that are difficult to predict. Although we believe
that the expectations reflected in these forward-looking statements
are reasonable as of the date made, actual results may prove to be
materially different from the results expressed or implied by the
forward-looking statements due to a number of factors,
including without limitation, the following: impact on us and our clients
of a decline in general business and economic conditions and any
regulatory responses thereto, including uncertainty and volatility
in the financial markets; interest rate fluctuations; our ability to
effectively execute our growth strategy and manage our growth,
including identifying and consummating suitable mergers and acquisitions,
entering new lines of business or offering new or enhanced
services or products; fluctuations in fair value of our investments due to factors
outside of our control; our ability to successfully manage
credit risk and the sufficiency of our allowance; geographic conce
ntration of our markets; economic impact on our commercial real
estate and commercial-based loan portfolios, including declines
in commercial and residential real estate values; an increase
in non-performing assets; our ability to attract, hire and retain key personnel;
maintaining and increasing customer deposits, funding availability,
liquidity and our ability to raise and maintain sufficient capital;
competition from banks, credit unions and other financial services
providers; the effectiveness of our risk management framework; accounting
estimates; our ability to maintain effective internal control over
financial reporting; our ability to keep pace with technological changes;
cyber incidents or other failures, disruptions or security breaches;
employee error, fraud committed against the Company or
our clients, or incomplete or inaccurate information about clients and
counterparties;
mortgage markets; our ability to maintain our reputation; costs and
effects of litigation; environmental liability; risk exposure from transactions
with financial counterparties; severe weather, natural
disasters, pandemics, acts of war or terrorism
or other external events; and changes in laws, rules, regulations, interpretations
or policies relating to financial institutions, including stringent capital
requirements, higher FDIC insurance premiums and assessments,
consumer protection laws and privacy laws. These and other
factors that could cause results to differ materially from those described
in the forward-looking statements, as well as a discussion of the
risks and uncertainties that may affect our business, can be found
in our Annual Report on Form 10-K, our Quarterly Reports on
Form 10-Q and in other filings we make with the Securities and Exchange
Commission. These forward-looking statements are made as
of the date hereof, and we disclaim any obligation to update any forward
-looking statement or to publicly announce the results of any revisions
to any of the forward-looking statements included herein, except
as required by law. MARKET AND INDUSTRY DATA.
This presentation references certain market, industry and demographic
data, forecasts and other statistical information. We have
obtained this data, forecasts and information from various independent,
third party industry sources and publications. Nothing in the data, forecasts
or information used or derived from third party sources should be constru
ed as advice. Some data and other information are also based on
our good faith estimates, which are derived from our review
of industry publications and surveys and independent sources. We
believe that these sources and estimates are reliable but have not
independently verified them. Statements as to our market position are
based on market data currently available to us.
Although we are not aware of any misstatements regarding the economic,
employment, industry and other market data presented herein,
these estimates involve inherent risks and uncertainties and are
based on assumptions that are subject to change. 2
