CrossFirst Bankshares Inc
CrossFirst Bankshares, Inc. operates as the bank holding company for CrossFirst Bank that provides various banking and financial services to businesses, business owners, professionals, and its personal networks. The company offers commercial and industrial loans, including enterprise value lending; commercial real estate loans; construction and development loans, such as home builder lending; res… Read more
CrossFirst Bankshares Inc (CFB) - Net Assets
Latest net assets as of September 2024: $771.71 Million USD
Based on the latest financial reports, CrossFirst Bankshares Inc (CFB) has net assets worth $771.71 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.58 Billion) and total liabilities ($6.81 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $771.71 Million |
| % of Total Assets | 10.18% |
| Annual Growth Rate | 16.24% |
| 5-Year Change | 15.44% |
| 10-Year Change | N/A |
| Growth Volatility | 25.62 |
CrossFirst Bankshares Inc - Net Assets Trend (2017–2023)
This chart illustrates how CrossFirst Bankshares Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CrossFirst Bankshares Inc (2017–2023)
The table below shows the annual net assets of CrossFirst Bankshares Inc from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $708.14 Million | +16.36% |
| 2022-12-31 | $608.60 Million | -8.83% |
| 2021-12-31 | $667.57 Million | +6.91% |
| 2020-12-31 | $624.43 Million | +1.79% |
| 2019-12-31 | $613.42 Million | +25.10% |
| 2018-12-31 | $490.34 Million | +70.76% |
| 2017-12-31 | $287.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CrossFirst Bankshares Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1037.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $272.35 Million | 38.46% |
| Common Stock | $533.00K | 0.08% |
| Other Comprehensive Income | $-50.05 Million | -7.07% |
| Other Components | $485.31 Million | 68.53% |
| Total Equity | $708.14 Million | 100.00% |
CrossFirst Bankshares Inc Competitors by Market Cap
The table below lists competitors of CrossFirst Bankshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SANGETSU CO LTD
OTCGREY:SGSUF
|
$687.16 Million |
|
Tyra Biosciences Inc
NASDAQ:TYRA
|
$687.18 Million |
|
MONGOLIAN MINING CRP.REGS
F:29X2
|
$687.32 Million |
|
Hefei Urban Construction Development Co Ltd
SHE:002208
|
$687.38 Million |
|
Robinsons Retail Holdings Inc
PINK:RRETY
|
$687.12 Million |
|
Foshan Saturday Shoes Co Ltd
SHE:002291
|
$687.03 Million |
|
Chimerix Inc
NASDAQ:CMRX
|
$686.96 Million |
|
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D
IS:KRDMD
|
$686.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CrossFirst Bankshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 608,599,000 to 708,143,000, a change of 99,544,000 (16.4%).
- Net income of 66,669,000 contributed positively to equity growth.
- Dividend payments of 413,000 reduced retained earnings.
- Share repurchases of 674,412,000 reduced equity.
- New share issuances of 7,586,000 increased equity.
- Other comprehensive income increased equity by 14,511,000.
- Other factors increased equity by 685,603,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $66.67 Million | +9.41% |
| Dividends Paid | $413.00K | -0.06% |
| Share Repurchases | $674.41 Million | -95.24% |
| Share Issuances | $7.59 Million | +1.07% |
| Other Comprehensive Income | $14.51 Million | +2.05% |
| Other Changes | $685.60 Million | +96.82% |
| Total Change | $- | 16.36% |
Book Value vs Market Value Analysis
This analysis compares CrossFirst Bankshares Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.85x to 1.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $5.62 | $15.99 | x |
| 2018-12-31 | $9.59 | $15.99 | x |
| 2019-12-31 | $12.63 | $15.99 | x |
| 2020-12-31 | $11.88 | $15.99 | x |
| 2021-12-31 | $12.83 | $15.99 | x |
| 2022-12-31 | $12.17 | $15.99 | x |
| 2023-12-31 | $14.35 | $15.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CrossFirst Bankshares Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.86%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 10.42x
- Recent ROE (9.41%) is above the historical average (6.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.04% | 7.27% | 0.03x | 10.31x | $-22.87 Million |
| 2018 | 4.00% | 16.80% | 0.03x | 8.38x | $-29.44 Million |
| 2019 | 6.61% | 26.93% | 0.03x | 8.06x | $-20.79 Million |
| 2020 | 2.02% | 7.33% | 0.03x | 9.06x | $-49.84 Million |
| 2021 | 10.40% | 38.07% | 0.03x | 8.42x | $2.66 Million |
| 2022 | 10.12% | 79998.70% | 0.00x | 10.85x | $739.10K |
| 2023 | 9.41% | 28.86% | 0.03x | 10.42x | $-4.15 Million |
Industry Comparison
This section compares CrossFirst Bankshares Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CrossFirst Bankshares Inc (CFB) | $771.71 Million | 2.04% | 8.83x | $687.14 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |