CrossFirst Bankshares, Inc. Reports Second Quarter 2021 Results
Second Quarter 2021 Key Financial Performance Metrics
Net Income
12.50
LEAWOOD, Kan., July 22, 2021 (GLOBE NEWSWIRE) CrossFirst Bankshares, Inc. (Nasdaq: CFB), the bank holding company for CrossFirst Bank, today reported its results for the second quarter of 2021, with net income of $15.6 million, or $0.30 per diluted share, and year-to-date net income of $27.6 million, or $0.53 per diluted share. CEO Commentary:
“During the second quarter, we achieved the strongest profitability in the Company’s history and I am extremely proud of our team for executing on several key strategic initiatives that provides a foundation for future growth and success,” said CrossFirst’s CEO and President, Mike Maddox. “The Company took several steps to improve the efficiency of the balance sheet and reduce excess liquidity, which resulted in stronger performance metrics, improved margin, and stronger core earnings p
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An IT firm with a major Ottawa footprint and big ambitions of expanding across North America has further bolstered its presence south of the border after its second M&A deal in less than six months.
Convergence Networks/Grade A said Wednesday it’s finalized the acquisition of Application Specialist Kompany, a 34-person managed IT services and cybersecurity firm based in Lansing, Mich. Financial terms of the agreement were not disclosed.
The deal comes hot on the heels of Ottawa-based Grade A’s merger with Oregon’s Convergence Networks last December. Boston-based private equity firm Riverside Partners is the majority shareholder in the combined firm, which is officially incorporated in the U.S. and has its Canadian headquarters in Ottawa and its U.S. head office in Portland.