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Private company

CROSSFIRST BANKSHARES, INC.

CROSSFIRST BANKSHARES, INC. is an American state commercial bank that raised $16.2 million in 2023 (SEC Form D).1 It is headquartered in Leawood, Kansas.1

Last updated Oct 21, 2026.

Overview

  • IndustryState Commercial Banks1
  • HeadquartersLeawood, Kansas1
  • Incorporated inKS2
  • Business address11440 Tomahawk Creek Parkway, Leawood, Ks 662112
  • Filer category, Emerging growth company2
  • Legal formCorporation

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CrossFirst Bankshares, Inc., a Kansas corporation and registered bank holding company (the “Company”), is the holding company for CrossFirst Bank (the “Bank”). The Company was initially formed as a limited liability company, CrossFirst Holdings, LLC, on September 1, 2008, to become the holding company for the Bank and converted to a corporation in 2017. The Bank was established as a Kansas state-chartered bank in 2007 and provides a full suite of financial services to businesses, business owners, professionals, and their personal networks through our branch offices located in Kansas, Missouri, Oklahoma, Texas, Arizona, Colorado and New Mexico.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

430.6%Net margin5
8.6%Revenue growth, 20235
9.4%Return on equity5
2.71×Debt to equity5
$90.4MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Interest71¢$210.3M
  • Income tax6¢$17.4M
  • Profit23¢$66.7M

Out of $15.5M in revenue.5

Where each dollar of operating cash went, fiscal 2023

  • Capital spending9¢$9.0M
  • Kept or used elsewhere91¢$90.4M

Out of $99.4M of cash from operations.5

Financial statements

Revenue675$15.5M in 2023+380% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $3.2M$3.2M20192020: $8.4M$8.4M2020+159%2021: $14.2M$14.2M2021+70%2022: $14.3M$14.3M2022+0%2023: $15.5M$15.5M2023+9%
Net income89675$66.7M in 2023+1040% since 2017
0$20.0M$40.0M$60.0M$80.0M2017: $5.8M$5.8M20172018: $19.6M$19.6M2018+235%2019: $28.5M$28.5M2019+45%2020: $12.6M$12.6M2020−56%2021: $69.4M$69.4M2021+451%2022: $61.6M$61.6M2022−11%2023: $66.7M$66.7M2023+8%
Fiscal year2017201820192020202120222023
Revenue$3.2M6$8.4M7$14.2M5$14.3M5$15.5M5
Interest$23.0M8$46.5M9$74.8M6$43.2M7$24.5M5$55.0M5$210.3M5
Income tax-$1.4M8-$2.4M9$4.1M6$2.7M7$17.6M5$16.0M5$17.4M5
Net income$5.8M8$19.6M9$28.5M6$12.6M7$69.4M5$61.6M5$66.7M5
Earnings per share$0.128$0.489$0.596$0.247$1.355$1.245$1.355
Earnings per share (diluted)$0.128$0.479$0.586$0.247$1.335$1.235$1.345
Shares (weighted, basic)51.3M shares549.5M shares549.0M shares5
Shares (weighted, diluted)52.0M shares550.0M shares549.3M shares5

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Corporate structure

CROSSFIRST BANKSHARES, INC. sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CROSSFIRST BANKSHARES, INC.

  • CROSSFIRST BANKSHARES, INC. Leawood, Kansas
    • CFBSA I, LLC Subsidiary · Kansas, United States
    • CFBSA II, LLC Subsidiary · Kansas, United States
    • CrossFirst Bank Subsidiary · Kansas, United States
    • CrossFirst Investments, Inc. Subsidiary · Kansas, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CROSSFIRST BANKSHARES, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$108.3M5 Dec 31, 2023$98.4M5 Dec 31, 2022+10.1%
Accumulated depreciation$37.5M5 Dec 31, 2023$32.5M5 Dec 31, 2022+15.4%
Property and equipment, net$70.9M5 Dec 31, 2023$66.0M5 Dec 31, 2022+7.4%
Operating-lease assets (leased space)$30.5M7 Dec 31, 2022

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$255.2M5 Dec 31, 2023$300.1M5 Dec 31, 2022−15.0%
Debt securities available for sale$686.9M7 Dec 31, 2022$746.0M7 Dec 31, 2021−7.9%
Loans, net of allowance$6.1B5 Dec 31, 2023$5.3B5 Dec 31, 2022+14.0%
Deposits held (banks)$6.5B5 Dec 31, 2023$5.7B5 Dec 31, 2022+14.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$14.1M5 Dec 31, 2023$12.8M5 Dec 31, 2022+10.1%
Finite-lived intangibles, gross$21.9M5 Dec 31, 2023$17.5M5 Dec 31, 2022+25.5%
Accumulated amortization$4.7M5 Dec 31, 2023$1.2M5 Dec 31, 2022+284.0%
Finite-lived intangibles, net$17.2M5 Dec 31, 2023$16.2M5 Dec 31, 2022+5.9%

Leadership

Who has led CROSSFIRST BANKSHARES, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. George F. Jones Jr.2019–2020
  2. Mike Maddox2020–2025

President

  1. George F. Jones Jr.2019–2020
  2. Mike Maddox2020–2025
  3. W. Randall Rapp2022–2025

Chief financial officer

  1. Benjamin R. Clouse2021–2025

Chief operating officer

  1. Amy Fauss2019–2025
20202025
Board members and other officers (24)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerJenny Randall Payne named Aug 2, 202343
  • Executive OfficerSteve M. Peterson named Apr 10, 202344
  • DirectorMichael K. Robinson named Apr 10, 2023 to Aug 2, 202343

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • CFBSA I, LLC Kansas3
  • CFBSA II, LLC Kansas3
  • CrossFirst Bank Kansas3
  • CrossFirst Investments, Inc. Kansas3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • CROSSFIRST HOLDINGS LLCMar 2, 2009 to Apr 5, 20172

Timeline

  1. Mar 3, 20258-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights45
  2. Jan 28, 20258-K Results of operations46
  3. Jan 17, 20258-K Other events47
  4. Dec 23, 20248-K Shareholder vote48
  5. Dec 23, 20248-K Executive or director change49
  6. Dec 13, 20248-K Other events50
  7. Oct 22, 20248-K Results of operations51
  8. Aug 27, 20248-K Entered a material agreement; Executive or director change; Other events52
  9. Jul 15, 20248-K Results of operations53
  10. May 16, 20248-K Executive or director change; Shareholder vote54
  11. Apr 15, 20248-K Results of operations55
  12. Jan 22, 20248-K Results of operations56
  13. Jan 3, 2020New chief executive Mike Maddox becomes CEO14
  14. Aug 14, 2019New chief executive George F. Jones Jr. becomes CEO15

Calendar

When it reported results

  1. Jan 28, 2025Reported quarterly or annual results46
  2. Oct 22, 2024Reported quarterly or annual results51
  3. Jul 15, 2024Reported quarterly or annual results53
  4. Apr 15, 2024Reported quarterly or annual results55
  5. Jan 22, 2024Reported quarterly or annual results56
  6. Oct 16, 2023Reported quarterly or annual results57
  7. Jul 17, 2023Reported quarterly or annual results58
  8. Apr 17, 2023Reported quarterly or annual results59

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

296 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 39 major events, 193 insider forms, 10 large holders, 2 private raises, 35 other. The latest 20:

  1. Mar 13, 202515-12G EDGAR
  2. Mar 11, 2025EFFECT EDGAR
  3. Mar 7, 2025S-8 POS EDGAR
  4. Mar 7, 2025S-8 POS EDGAR
  5. Mar 7, 2025S-8 POS EDGAR
  6. Mar 7, 2025POS AM EDGAR
  7. Mar 4, 20254 EDGAR
  8. Mar 4, 20254 EDGAR
  9. Mar 4, 20254 EDGAR
  10. Mar 4, 20254 EDGAR
  11. Mar 4, 20254 EDGAR
  12. Mar 4, 20254 EDGAR
  13. Mar 4, 20254 EDGAR
  14. Mar 4, 20254 EDGAR
  15. Mar 4, 20254 EDGAR
  16. Mar 4, 20254 EDGAR
  17. Mar 4, 20254 EDGAR
  18. Mar 4, 20254 EDGAR
  19. Mar 4, 20254 EDGAR
  20. Mar 4, 20254 EDGAR

The 296 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

33 open-market trades by officers, directors and large owners since October 2021: 9 buys and 24 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 30, 2024Bruce GeorgeDirectorBuy100$1,000.00$100.0KForm 4
Nov 6, 2023Hansen George E. IIIDirectorSale1,500$11.42$17.1KForm 4
Oct 30, 2023Robinson Michael KentDirectorSale8,889$10.47$93.1KForm 4
Oct 27, 2023Robinson Michael KentDirectorSale1,530$10.30$15.8KForm 4
Oct 26, 2023Robinson Michael KentDirectorSale23,948$10.31$246.9KForm 4
Oct 23, 2023Robinson Michael KentDirectorSale6,904$10.46$72.2KForm 4
Oct 20, 2023Robinson Michael KentDirectorSale18,729$10.64$199.3KForm 4
May 4, 2023Kuykendall James W.DirectorBuy5,000$9.50$47.5KForm 4
May 3, 2023DALEY MICHAEL JOHNCHIEF ACCOUNTING OFFICERBuy10,000$9.75$97.5KForm 4
Mar 10, 2023King MasonDirectorBuy3,600$11.89$42.8KForm 4
Feb 13, 2023Robinson Michael KentDirectorSale1,000$14.10$14.1KForm 4
Jan 31, 2023Robinson Michael KentDirectorSale1,000$13.50$13.5KForm 4
Dec 15, 2022Bruce GeorgeDirectorSale2,500$12.50$31.2KForm 4
Sep 14, 2022Kuykendall James W.DirectorBuy2,500$12.93$32.3KForm 4
Aug 15, 2022Humphreys LanceDirectorSale14,122$15.61$220.4KForm 4
Jul 25, 2022Robinson Michael KentDirectorSale1,207$13.50$16.3KForm 4
Jul 21, 2022Clouse Benjamin RCFOBuy7,500$12.99$97.4KForm 4
Jul 19, 2022Robinson Michael KentDirectorSale293$13.50$4.0KForm 4
Jun 22, 2022Robinson Michael KentDirectorSale3,000$13.50$40.5KForm 4
Apr 6, 2022Robinson Michael KentDirectorSale1,500$15.33$23.0KForm 4

All 33 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$16.2M 2023–2023
Money received by yearMoney received by year, 2023–2023: $16.2M in all. Private raises (Form D) $16.2M.$0$5M$10M$15M$20M2023 · Private raises (Form D): $16.2M2023
Figures by year
YearPrivate raises (Form D)Total
2023$16.2M$16.2M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Aug 1, 2023Raised $8.4 million in a private offering of equity43 Form D: $8.8 million offered in all Form D
  2. Mar 29, 2023Raised $7.8 million in a private offering of equity44 Form D: 33 investors so far Form D

SEC filer profile

How CROSSFIRST BANKSHARES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCROSSFIRST BANKSHARES, INC.1
  • CIK0001458412
  • Filer status<br>emerging growth company1
  • Incorporated inKansas1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address11440 Tomahawk Creek Parkway, Leawood, KS 662111
  • Phone913-754-97041
  • Shares outstanding49,300,685 as of Oct 25, 202412
  • Public float$443.3M as of Jun 30, 20235
  • On EDGAR sinceMar 2, 20091
  • Filings558 in all: 4 (330), 8-K (56), 3 (28), D (21), 10-Q (16), 425 (16), SC 13G/A (8), 4/A (7)1
    All 40 form types

    CORRESP (7), 144 (6), 10-K (5), DEF 14A (5), UPLOAD (5), SC 13G (4), 10-Q/A (3), 8-K/A (3), DEFA14A (3), DRSLTR (3), EFFECT (3), S-8 (3), S-8 POS (3), 3/A (2), ARS (2), DRS/A (2), S-1/A (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 424B4 (1), 8-A12B (1), CERT (1), DEFM14A (1), DEFR14A (1), DRS (1), FWP (1), POS AM (1), REGDEX/A (1), S-1 (1), S-3 (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Feb 29, 2024
    Quarterly report (10-Q) Nov 1, 2024
    Proxy statement (DEF 14A) Mar 26, 2024
    Latest 8-K (8-K) Mar 3, 2025

Sources

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