CFB - Earnings call transcript Q2 2022 | CrossFirst Bankshares, Inc.

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Welcome to CrossFirst Bankshares Incorporated Second Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode during the presentation. Please note, this event is being recorded. [Operator Instructions] I would now like to turn the call over to Heather Worley, Director of Investor Relations. Please go ahead.

Heather Worley

to second welcome conference XXXX and call. morning, CrossFirst quarter Bankshares earnings Good

please call to on and aware statements, in we how & as These that & mentioned be to Trust risks Before Denver begin, current based Stockmans call announcement comments statements. this Stockmens Central, as these business in is Bank. future Bank Springs on operates the of will including plans, will to & Farmers financial acquisition materially and differ assumptions Central and could performance and Mexico. refer the Bank New are we which subject we results and our Farmers our expectations Colorado forward-looking from cause are include actual uncertainties It and

the session. to this Rapp, will statements financial Mike? Statements prepared our together be obligation and call regarding found Bankshares; who accordance These the Bankshares; in President and or to to or we President the are this Randy measures turn facilitate Mike begin earnings date Our four adjusted time, We to our prepared Clouse as meant CrossFirst I today's with of be financial in SEC. a remarks as on presentation our update law. should risk made of this superior any Mike or of quarter second considered conclusion like of the remarks Ben for required do assume of forward-looking financial At slide with will call are of CrossFirst operator may the filings on of to This by substitute factors CrossFirst not of include identified will can except a revise the Maddox, presentation. results and over them, the be release. CEO measures to financial and with to GAAP measures be other would CFO a earnings measures financial referring Jason At Maddox, non-GAAP non-GAAP Q&A measures, GAAP. non-GAAP financial our reconciliation in not bank. from release call

Mike Maddox

Bank, actively we've June. morning, announced is XXXX you, time us planning discuss Central exciting joining our of which Thank company in half pleased close for we I'm This acquisition second share was anticipated quarter results. in our an and the our everyone, application this to you Good for an second today the pending and thank year. Heather. are as for of that regulatory submitted with

get a confirms to our Central enhanced our fit. will services companies it and deliver expect And the that to the As know team, clients. combination we products our view are continue great for cultural we

this As and during believe I is both a the we mentioned merger for Central. opportunity CrossFirst announcement right great call,

experienced under years. is larger his clients and SBA and across tier established of private and added make a and our with The is existing a deposits talent the we mortgage technology and bring services, in top this This leverage shareholders confident a are line Scott leaders, expected expanded Page enhanced immediately portion products cost our an that addition an shareholders. for business win our team deal will back additional that to ability low We all deliver team for deal fee and capital with Central's of like provide growth can paired three earn for our a market income deploy value of accretive opportunities. CrossFirst can estimated is our The that operation Denver, our and banking markets well sheet of create to shareholders. and for balance transaction will

is corporate strategy. you development of component major As and a know, acquisition our talent

the of our believe including in place year, added quarter. leadership we us We affairs spend with have a challenges right and We to attract our sales the also Randy new high shareholders, is his business operations management. His vision to of allows customers our Randy strategic banking evaluate and the President differentiator of sustainable a promotion producers and achieve on to term rapidly me growth, this will more on of focus time that Bank. is company's brings and oversight oversight strategic talent. excellent evolving General prospects. initiatives. long new is landscape We executing company infrastructure, the CrossFirst corporate matters. a wealth and past is and have securities and caliber CrossFirst's XX in and governance experience An the development, this example legal technology, Ensuring and of matters oversee Counsel public entrepreneurial law of Amy critical of risk a quarter, eight along culture responsible as second helps Rapp this for the with hired credit promotion Abrams. She in

our We continue City's the Park our Dallas. with area to location advance Center application in regulatory for new of Preston market our expansion the Texas in of approval

happy to Kiser hiring our Fort experience announce market. and area. significant the middle upper in to with Worth deep -- Worth market entrance Fort to team are We Worth he lead companies have of middle His routes the has the Fort Cody into and his

near for Worth We our our be expect to location the filing future. Fort application regulatory in

operational optimize our us as a Chief serve new will strategy in part leader, will has instrumental scale, Officer Feaster, to continuing we of the talent operational processes to help efficiencies and strong who add we and a to JC be bank. background have JC our expand. Operating hired as As a of

of we produced an earnings, in as build approach I'm proud over the risk ensure our value shifting we XX%. quarter, rate long which We impacts made and economy. rates doing of rising term our our financial of and appropriately is and credit to to sustainable. a is monitor must not credit work improvements team team closely quality the $XXX million for We without take the the strong we've is our know growth a and Turning performance. annualized manage balanced $XX.X shareholders. We during reported of million loan growth of our

digital is our The in digital platform will We This new fourth channels. of while providing for an focus to another and the to quarter. live across Most we earnings, of client continue shareholder for expect our technology we unified clients on added investing go solid position committed value. on all a With our provide we exceptional schedule to capital and experience implementation experience. driving importantly, quarter are to future. strong

as for We invested initiative, technology our and talent as stock future have well continued in growth. buyback

well we rest beyond. the can are a dynamic about markets. positioned what more team of supporting excited with I accomplish year and We be great couldn't And this

one one bank a shared execute as Our excellence. vision with of to team, team continues

will call Now, more to Ben in I over detail. hand the to results cover financial

Ben Clouse

And Thank good you, Mike. morning, everyone.

or return costs $X.XX equity share Mike XX.XX%. we solid net These we X.XX% on this result some loan of was core during ratios $XX.X performance income As was the of maintained and earned Quarterly quarter. return growth. were strong average assets per the our and million quarter on outsized indicated, average despite

the We these execution of strong of driven are with ratios, strategy. by are which our earnings consistency happy growth and the

Interest includes to which Our by was was day primarily also PPP $XX.X strong quarter XX% growth a accrual increases, lower loan change. due was linked interest loan improvements, million $X by This forgiveness. driven one the on second in offset the income in additional income loan of fees, quarter rate million. quarter, basis and to increased the which

up basis and X.X% $X.X was quarter yield balances points. rising to loan expense Our average million rates. quarter-over-quarter the Interest was were up average up for XX due

lesser increased rate funds Overall, basis XX Our %age quarter, the our increased amount this wholesale cost despite of to to competitive and of a demand funding. environment. consistent, mostly borrowings due deposits and remained points rates

margin Our moves quarter. we that at the FOMC end the will X.XX% total on some a deposits rate that up was to basis. the Net significantly higher this year. the beta XX year tax the rest was end of against through the of push made somewhat increases of equivalent fully second for Though about June interest

We could year the although expect potentially the through a rate expand pricing remain or migration range rising to and half in be margin headwinds. the deposit, in environment, of first consistent

effect. of XX of any XX% assets and Our increasing growth to decreased that we for earning no first our months, the the credit of maturing note, of first card and incentive the we repricing much and I had the in of increasing were almost declined Non-interest million this also first number have clients $X.X balance to a income over due offset Non-interest expanded about quarter lower expenses fees. quarter. floors exclusively in with as focused by first related million better being for this level Central days. to acquisition. revenue in next normalized the and increase from costs treasury during the sheet volume up sensitivity related $XX.X significant and quarter quarter $XXX,XXX XX to costs credit million, longer remain loan the stream. taxes. We the diversity with partially quarter, volume, credit was Salaries benefits $X.X on quarter card This from due rate and amount separation more included would transaction payments was card the employee notable

an technology of to merger a anticipate digital non-interest two outside that the for We in additional to costs product We be the increase related expense see conversion. also in we'll next $XX range expected experienced closing. million around quarters, spending million $XX our of to

and environment investing and given strike manage the for future. our to will earnings a the balance continue We tightly growing cost between current base

tax of up Our the the rate for XX.X% we the the quarter, in range expect slightly from rest and quarter for was last year.

Deposits XX% nearly at focused quarter, as year X% sheet, growth growing balance growth in up XX% mentioned, loan modest as remain accounts. non-interest DDA over the Mike our from robust had Notably, to are basis. deposits up bearing an non-interest this were a we And first deposits bankers ago. % on bearing well. on Turning our with annualized quarter,

up increased additional improve But at to ratios hold deposit slightly as the our from term earnings. in the moves longer the XXX,XXX through portfolio capital term and and the the quarter remain to ratio unrealized in rate unrealized capital continue as longer as significant the our repurchased regulatory generated end continue environment Board to XX%. growth cycle. exclude experienced second of loss rates we our quarter. May. to resolve in we losses believe we strong interest the the we authorization to intend moved securities some quarter, Our additional calculation. until loan strong received We the With shares right this buyback We our loan will We securities this values we under will

factored end quarter the growth had we significant if funding had deposit have the we positioned it a loan We deposit portfolio. would capacity like Randy I needed. are wholesale year. noted, of near additional I great well rate turn more or to into another As and for and borrowing for drive of going detailed and to discussion the to second increases some of the half quarter credit the over

Randy Rapp

key role, we we new will and Ben, will and Bank. past you, working like of and forward my I'd my Board Thank to procedures our leaders over continue and my Directors credit of for I confidence in of to financial take to processes expand to of risk team a credit oversight as to performance areas, as begin years. this driven metrics the to the and role and good several vital to Maintaining forward. team this quality and of morning, added have implemented as grow and their those talented outstanding be deliver confidence support management moving good Mike, as dedicated, continue banking opportunity have the as well and I look our with everyone. the In our objective company. have President appreciation express people, professionals I

commodity visiting financial continue routinely factors our interest clients to rates loan portfolio changes actively loan rates, We potential the weaknesses. term minimal impact forward. chain and inflation and short and profits disruptions, affirmed economic portfolio which This in to monitoring monitor given increases performance. applying accuracy wages by We supply completed and to will portfolio. in imperative, performance operating moving exercise rates, environment employee interest a current portfolio the stress with portfolio businesses analysis prices, resulted our grade could to and identify in impact potential recently be understand the their grade uncertain Enhanced thorough to our

X% payoff a $XX an reported rate activity. we commercial growth in large XX% C&I this higher during growth illustrating estate total or loan dropping basis. centered from the historical million and quarter, loan our percentage experienced We C&I. on the real portfolios of during loan QX, in quarter mentioned, decrease energy to continued growth portfolio above The to with a or $XXX million previously level continued coming portfolio. the the loan but turnover portfolio quarter-over-quarter of average, remained rate of quarter, slightly annualized The X% our stabilized As

quarters. to to expect metrics. next turnover QX In key in utilization of in of some decrease rate C&I several from we over We XXXX. to quarter line improvement the experienced XX.X% our increased this the XX% during continue QX, credit

our illustrates, in X.X% slide As in in attributable XX totals. The $XX.X classified C&I related impacted by QX classified credits downgrades supply XX% to the reduced increase issues. during we QX totals QX portfolio to to the of increased now increase Classified loan a Classified was primarily slight chain $XX loans million and million. to portfolio negatively energy total represent XX% in loans. in saw

from reserve at the for Our the classified allowance loan XX.X% at ratio QX. combined capital credit loss and of to XX% total end ended up quarter

In based in current environment. C&I or non-performing total to in assets transactions. assets to could on volatility primarily range due XXXX, ratio decreased some expect term $X.X $XX.X We million this in of energy this X.XX% several short and economic but the see QX, uncertain to million decreases remain

commodity down to impacted continues year, by XX% past credit combined sector ratio the XX% QX, XXX%. total assets energy in of we of the prices. have non-performing total a positively sector, to At the in the from end loan remain decreased Over XXXX. sustained had of from of QX to NPAs higher losses This allowance assets. non-accruing be X.XX% X.XX% assets for of

net charge basis off slide rate XX, X at prior was basis ratio basis resulting $X.X XX the quarter charge offs down Moving in annualized an remained points. of XX The the charge months points, trailing net to for XX low million, the for from down X%, net quarter. off points

activity charge lower remainder of expect the off net rate We this XXXX. represent to anticipated better the for

allowance allowance for total messaged, loans. allowance million the second we unfunded At losses this our quarter previously credit reserves million. methodology. As for credit million X, reporting or we on of $XX.X QX, CECL combined The the $XX on losses so of reported under combined adopted of commitments of for this is of January $X.X end XXXX, loans a X.XX% and includes

the For million in of release reserves the $X.X of compared a reported bank provision $XXX,XXX small of quarter, QX. to expense

off are for off pleased balanced activity. net to balances our provision In in QX lower ratio charge Our XXX%. with charge net loan was non-performing improvement asset we growth, and closing, quarterly

we on and global clients to for closely opportunities. potential and the economic evaluate new monitor and portfolio our continue We credit indicators markets, US impact our prospects as

shortly. of to fortunate job in to are high to with prepared economic might be Q&A answering over up remarks. begin turn portion trends. our We to markets growth any located the questions the favorable back some wraps And more have I'll it I look forward This operator the you now, call.

Operator

you. Thank

go from session. We [Operator from question-and-answer Our Please question Instructions] will now Rose first Michael the comes Raymond James. ahead. begin

Michael Rose

Hey, good my questions. morning. Thanks for taking

Mike Maddox

Good morning, Michael.

Michael Rose

morning. Good

loan growth Just wanted the to start on outlook.

So, you guidance. reiterated the

I deal expansion I out, given I think in. that relatively and and the not the I'm trying Phoenix to office the guess the Is some point you're from mean, did it you down just Texas retrenchment growth, a yesterday. to Is attractive competition slowdown? fund that back spreads? given maybe its heard of Or do are We starting the and expect or a you some you to self-imposed? customers? from pullback maybe positive road. markets raise Frisco why the help will guidance? But I'm is figure smaller Obviously, hearing see ability what that at

of there's Just some baked wanted updated get there. your Thanks. if outlook of in conservatism to kind kind and maybe

Mike Maddox

Thanks, Michael.

some in baked is there think I there. conservatism

going the loan we're to be rates What just do not rising continued to to trying going with knowing prudent, economic what’s think demand. I to really is environment. happen

what's Dallas continues across metro bit little really in hopefully markets. a number. cloudy good the because We're little still our area growth. we're a be great growth better that. a in But And markets, in on is about Board with Fort going maybe But Phoenix, growth in about seeing do approach the with thoughtful we are substantial We to Worth, the we're is XX% we feel just the excited expanding than like trying future economy. our can here

Michael Rose

kind and you us as margins to how then [$XXX at a that the to year in Can some where Fed the year half forward? so funds sensitivity move was better we it some just And through walk can margin the of first the Ben. of the would year. apply assuming the understand Thanks. the of if margin? level expectations get maybe That updated just would if imply compression rates, funds the million] back on us we through the a think can and great. of puts about don't (ph) half have going you're you that the of in Obviously, for we end somewhere Fed Okay, of of maybe to walk the takes

Ben Clouse

expect some Sure. relatively as -- margin rates we Well, to I Good opportunity Michael. second the expansion with consistent think be morning, and the quarter come up. for

market, responsive. make strategic forecast, will I fund XX% deposit at anybody quarter remainder growth, for the all mentioned, I end we've That to of As think in where which customer is We drive we we changes Most been about, think, and money beta most be loan we're did the deposit our competition to I don't year. of else. where really the be strong. a see for modeling that the in the has have to something than the neighborhood most different very of the our of we growth will better have very come talked rate which as rate -- some

did we loans coming have quarter million [$XXX move continues NIM The the up is gets the non-accrual. we of other in million] purely expectations. with and off assuming about (ph), consistent is improvement one which that, to of to from we're So have Fed headwind $X

in that my in my or I to So occur modeling guidance. never expect

a I projected increase, that there's opportunity. but big netting haven't certainly together, So

Michael Rose

That's one there and I other then the Is any banks helpful. that is heard the maybe on there is, positive me, sort very there? final what down was meaningfully pretty And credit one of card actually from think some reported just Q-on-Q. from ATM trend. in that interchange, seasonality just of we've really

So I color us was. as it Can there? that give was Thanks. down you much any a little surprised see to just as

Mike Maddox

it's Michael, a deceptive. little

overall we're it quite one you volume, particular business credit volume have who we're bit. in for card while. But a at portfolio, has are really That customer in general outsized if outstripped really whose And substantial We clients our just We had customer cards portfolio to a good. slowed trends one is a growing. of look the growing slowed growing just and and seasonality overall volume related the some and their business. had large it's bit

Michael Rose

Okay. it. color. for I Thanks appreciate the

Operator

The from next Brady question comes ahead. Gailey go from Please KBW.

Brady Gailey

Thank guys. you. Good morning,

Mike Maddox

Hey, Brady.

Brady Gailey

on the just more one Maybe deposit rates.

It of was sounds points. starting like just deposits [Technical at where's Difficulty] there to quarter was point XQ? but the basis you up into curious right guys changes some for headed cost made you as if the you rate XX I the had quarter. exited spot the Your

Mike Maddox

be bps, XXX little bit would bps, that that just XXX over in a neighborhood. Brady,

Brady Gailey

cost points? basis over XXX of deposits so XXX, of total

Mike Maddox

expectation. me Total Brady, sorry, right, just -- new second that's bit and Give funding, one I'm little in the bps. money add XX borrowings. tell deposits, our when here. FHLB you a spot total higher, I'll you

bps. XXX Deposits giving the I XX that's Sorry, bps you. was

Brady Gailey

are the feeling you get in Worth, investments as franchise? is for new this lot new I'm Okay. have then, in I -- technology. position to money continued picture, long you Fort spending over there lot to I to of for term. to of as COO, months your wondering, kind Head new feels the all grow last the so mean, promoted far can be like General you're investing needs needed still bank you listen the six that Counsel, just a lot Randy, take And It breather bigger to that point made of you done the Mike, the of when new comments, where a a somewhat a initiatives do you Or investing bank?

Mike Maddox

Yes.

there And the lot investments. positions I example, those net several new was Randy, add no people. think positions. have we of replacement made of promoting And are a Brady, for of

really more at, was was it we've and budgeted. restructuring of our chart. organizational reorganization JC it a we hiring of So, been looking something was The something

who her really experience. continue run has lot had regional strong we now from and to CHRO, of to grow who of some is since titles as our bank expand, Fauss, a As just XXXX, we shed with JC a Amy operations came

process more he'll So letting help us talent. be right? we think will the made efficiency the enter of and yes, we've on side. it of if market, be we much a forward really new But going We'll investment

Brady Gailey

Okay. the great. for Thanks right, color. All

Mike Maddox

Thanks.

Operator

Jennifer question comes Truist ahead. The Please Demba from from go next Securities.

Jennifer Demba

you. the think you you your to you Thank could you just Ben, can second Can loan provision the review talk second the what outlook talk during about half And discussed in the about prompted of year? quarter? you be conduct just what

Randy Rapp

Hey, the was a good I’m environment Jennifer, test. portfolio Jennifer. put happy Randy. answer This is We rate said, rising through the data out negative there the at just to economic and that. stress morning, looked of some that and let's

interest profit and where what and bit looked given the commercial stress fairly stress appropriate, early was built indicating that through, a we're like to out rate that. scenarios those of run and there different just felt an utilize cycle. warning were. to test able economic we we in above all And -- C&I of operating for just drop $XX borrowers And signs estate model portfolio, early we get were a for the robust on at so Just real million idea to in

little Provision, how said under different test, We're inputs. through reacts mean, held bit behind that. to we I up was but we're in second CECL well quarter our said, the As that stress learning still the as comments, really I very in CECL. a portfolio our that genesis

and we the representative But reasonable what probably quite would the heard can provision be move banks, level of in we bit. would the forecasts the say a know that expect you would from remaining other in quarters. change supportable provision you've we in As had and that QX

Jennifer Demba

so Thanks much. Okay.

Operator

ahead. Liesch from go Andrew Piper Sandler. from comes question Please next The

Andrew Liesch

everyone. Hey, good morning,

Mike Maddox

Good morning, Andrew.

Andrew Liesch

loans loan that radar or were quick that follow-up just Or how are of -- issues you better review. a supply perhaps that your that on rating? standards? you over moved Is to the these is got some is already that loans Just and felt identified was how sub -- that the substandard chain on a these

Randy Rapp

This is Randy. morning. Good

So been prior supply stress issue actually to identified test. chain had the one the the credit I referenced had that

And so, portfolio. a QX show test did in information. that's really That's monitor as one-time we continuing the the as to again, not stress material with any not great exercise get we'll updated -- continue And changes numbers, a exercise, we'll that that. reporting companies start rerun

not been credit So identified. that was one-time the event, a other but had previously

Mike Maddox

with Andrew, there, I rates, out just we're to something seeing double didn't we're have add. we just the portfolio. a and I’ll inflation, just customer yet everything not we hearing we And want make appropriately And and read mean, banks, with with to chain, at up of supply in we with sure issues you really wanted it's you're really show reserved. our that looked much make in down knock any and our base. it sure lot wood like on rising

our And need be going to. to as like and so, portfolio. proactive really stay We're top on monitor to always to we try of to we're it going do we closely continue

Andrew Liesch

passing guess follow-up loans? Or Got point margin on? that of beta loan in a it. lot Ben, are You that's guys seeing and a discussions new good rates what at the got higher the on think is And I the this hikes you the there, I cycle. with on all these move over being competed away? rate the

Ben Clouse

Well, XX% best first XXdays. about to Andrew. probably you is morning, I XX% as is in XX% there good I think the fact Hey, give repricing, we're variable said, of the or that that,

had rest in right? the we the we loan I of here similar of expansion the of XX to quarter-over-quarter, lot move to a portfolio. sensitivity right, in -- see So As the it said, in an We year. a yield think pattern, loan increases I as bps, expect be for

expansion there's we're of with I said the So variability for comments, opportunity as in there. think happy really portfolio. my the I And

Randy Rapp

-- is A bit that, than a this we're seeing rates. I lot floating add competitive, more to pricing Andrew, to rate, Randy. Deals we're margin. movement the expansion seen. look everything Hi, at I would of had little but seeing on are is fixed in some we from customers think

seeing cautious we're rate, on So the on But being expand we're margin front. floating that slightly.

Andrew Liesch

taking questions Okay. here. will Very helpful. Thanks I step the for back.

Mike Maddox

Thanks, Andrew.

Operator

from go The Matt Stephens. from Olney comes next question Please ahead.

Matt Olney

And I I first mentioned question. think taking of get in increased topic. follow-up rates. change this was Thanks sure growth in I and of you’ve loan wanted the to got want Did XX% I right. XQ. Randy, for the on the It then make the quarter the utilization I to XX% that?

Randy Rapp

Matt. right, That's

Matt Olney

as any color in change more any XQ? pretty a Because as And one where overall. notable far industries specific you saw considerable just that's movements for quarter

Randy Rapp

Yes.

balanced the growth so, during CRE C&I. And saw good and we between quarter

diversity. our we also had You're industry C&I. footprint portfolio, asking specifically around diversity within Really within C&I the good we had geographic good and

had one increase. no outlier that was an there So

services, top of some professional the Matt, services. engineering, and healthcare in increases, And technical were financial and

one we broad obviously, There that was and watch saw So level industry based outlier. growth we there. no at the

Matt Olney

industry as color were most that that the chain, was impacted for Randy. C&I Thanks Okay. And as which on? far on -- by any focused the mostly supply credits then that

Randy Rapp

supplier box big that, same having guys through the seen, purchasing up And you've inventory good. a at was the on they a as client box, excess where a some retailers big Matt of to sell before having that this level. was it with sporting to the they're in lot levels box high got and restart of inventory that, big caught caught are

the segment. that's So

Matt Olney

liquidity. looks back was funding down the funding circling then XQ strategy take in It and the And that. to strategy. Appreciate to Okay. borrowings like some utilize some

third the already roll like As sounds it deposit quarter, we into pricing. you've updated

in growth assume here? funded primarily growth from loan the the by that be we quarter deposit should So third should

Mike Maddox

our Matt, that's to the off a to able of deposit XX funding really right? past run Over months we lot core due were goal, growth. wholesale the

that did quarter, XXmonths. and And proud do we grown we've pricing put the bit we're place little deposits with last and fact growth add so, of that back, we've to of in but second going really deposit a the in the XX% over still core to our that DDA loan fund

And balance than When loan going a growing on focus little deposit sheet to funding to and the growth. accounts always our comes new markets, growth faster deposits. so, with checking continue the core open we're you

And doing growth, funding always so, tremendous they're Phoenix, for themselves, example, has although a almost but loan bit. had lags a job, they're growth basically deposit fantastic

And over so, will all that time. rationalize

Matt Olney

Okay. on up following that. And just

of channels think compare back points the mentioned for Ben earlier that in basis money the over that half an the coming just wholesale for option I'm curious also for are XXX some some call I how new some deposit pricing, in. new of does the the year? of of the

Mike Maddox

number was a wholesale think number he I gave you. that Matt

Ben Clouse

pretty comparable, between and huge retail. a we Matt, a similar Yes, new amount to would at goal what for our in for It's those range. pay wholesale generally not of money they're be difference

Matt Olney

That's all guys. you. Thank from me Okay.

Mike Maddox

Matt. Thanks,

Operator

[Operator Instructions] turn to concludes to queue. no are in closing the more for Mike the CEO, Maddox There like conference back question-and-answer remarks. President over This I'd and questions our session.

Mike Maddox

I our joining Really, want for quarter. to thank everybody us proud really today. of

us and and New said to of the add the access team well very beyond. for family terrific a about will excited some markets. That CrossFirst As year rest funding in to Mexico. dynamic we're Colorado the really the We're and very to I provide earlier, great opportunity core opportunity bankers positioned of

team quarter. the you of the I look really again, you want of at to just third talking and for proud all So I thank end us and joining forward to just, to

Operator

heather@crossfit.com. you conference attending The has to presentation. for any Please today's concluded. follow-up now direct calls Thank

disconnect. now may You

CrossFirst Bankshares (CFB) 19 Jul 222022 Q2 Earnings call transcript