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CrossFirst Bankshares (CrossFirst Bankshares) Pretax Margin % : 37.02% (As of Mar. 2024)


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What is CrossFirst Bankshares Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. CrossFirst Bankshares's Pre-Tax Income for the three months ended in Mar. 2024 was $23.0 Mil. CrossFirst Bankshares's Revenue for the three months ended in Mar. 2024 was $62.2 Mil. Therefore, CrossFirst Bankshares's pretax margin for the quarter that ended in Mar. 2024 was 37.02%.

The historical rank and industry rank for CrossFirst Bankshares's Pretax Margin % or its related term are showing as below:

CFB' s Pretax Margin % Range Over the Past 10 Years
Min: 5.48   Med: 21.66   Max: 47.73
Current: 35.51


CFB's Pretax Margin % is ranked better than
55.67% of 1455 companies
in the Banks industry
Industry Median: 32.88 vs CFB: 35.51

CrossFirst Bankshares Pretax Margin % Historical Data

The historical data trend for CrossFirst Bankshares's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CrossFirst Bankshares Pretax Margin % Chart

CrossFirst Bankshares Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial 21.66 8.90 47.73 36.81 34.27

CrossFirst Bankshares Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.14 33.60 35.06 36.28 37.02

Competitive Comparison of CrossFirst Bankshares's Pretax Margin %

For the Banks - Regional subindustry, CrossFirst Bankshares's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CrossFirst Bankshares's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, CrossFirst Bankshares's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where CrossFirst Bankshares's Pretax Margin % falls into.



CrossFirst Bankshares Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

CrossFirst Bankshares's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=84.109/245.438
=34.27 %

CrossFirst Bankshares's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=23.023/62.183
=37.02 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CrossFirst Bankshares  (NAS:CFB) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


CrossFirst Bankshares Pretax Margin % Related Terms

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CrossFirst Bankshares (CrossFirst Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
11440 Tomahawk Creek Parkway, Leawood, KS, USA, 66211
CrossFirst Bankshares Inc is engaged in providing banking and financial services to businesses, business owners, professionals, and professional networks. The services offered by the company include Checking accounts, Savings accounts, Personal Loans, International Banking, Business Loans, and Treasury services. The company generates revenue from interest income and fees on loans and interest earned from its marketable securities portfolio.
Executives
Hansen George E. Iii director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Michael Kent Robinson director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
James W. Kuykendall director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Michael John Daley officer: Chief Accounting Officer 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Jennifer M Payne officer: Chief Risk Officer 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Mason King director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
George Bruce director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Lance Humphreys director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Benjamin R Clouse officer: CFO 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Amy C. Abrams officer: General Counsel & Corp Sec 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Jana Merfen officer: CHIEF TECHNOLOGY OFFICER 11440 TOMAHAWK CREEK PKWY, LEAWOOD KS 66211
Mike Maddox director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
David L. O'toole director, officer: CFO and Investment Officer 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Jones George F Jr director, officer: President and CEO 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Steve M Peterson officer: Chief Banking Officer 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211

CrossFirst Bankshares (CrossFirst Bankshares) Headlines