Investor Presentation - Form 8-K

CROSSFRISTBANKSHARES, INC.TM

B of A Securities 2021

Banking & FinancialsConference

November 10, 2021Mike Maddox, President & CEOBenClouse, CFORandy Rapp, CCO & CROHeatherWorley, Director of IR

Legal disclaimer

FORWARDLOOKING STATEMENTS.

The financial results in this presentation reflect preliminary,unaudited results, which are not final until the Company'sQu

arterly Report on Form 10

Q is filed.

This presentation and oral statements made during this meetingcontain forward

oking statements. These forward

looking statements reflect our current views with respect to, among otherthings, future events and our financial performance

. These statements are often, but not always, made through the use of wordsor phrases such as "may

," "might," "should," "could," "predict," "potential," "believe,""expect," "continue," "will," "anticipate," "seek," "estima

te," "intend," "plan," "strive," "projection," "goal," "target," "outlook,""aim," "would," "annualized" and "outlook," or th

e nega

tive version of those words or other comparable words or phrases of afuture or forward

looking nature. These forward

-

looking statements are not historical facts, and are based on current expectations,estimates and projections about our indus

try, manageme

nt's beliefs and certain assumptions made by management,many of which, by their nature, are inherently uncertain and beyond

our control. Accordingly, we caution you that any such forward

looking statements are not guarantees of future performanceand are

subject to risks, assumptions, estimates and uncertainties that are difficultto predict. Although we believe that the expect

ations reflected in these forward

looking statements are reasonable as of the date made, actual results may proveto be materially

different from the results expressed or implied by the forward

looking statements. There are or will be important factors that could causeour actual results to differ materially from thos

e indicated in these forward

looking statements, including, but not

limited to, the following: risks relating to the COVID

19 pandemic; risks related to general business and economic conditionsand any regulatory responses to such conditions; our a

bility to effectively execute our gro

wth strategy and manage our growth, inc

luding identifying and consummating suitable mergers and acquisitions;the geographic concentration of our markets; fluctuati

on of the fair value of our investment securities due to factors outsideour control; our ability to successfully manage our

credit

risk and the sufficiency of our allowance;

regulatory restrictions on our ability to grow due to our concentrationin commercial real estate lending; our ability to att

ract, hire and retain qualified management perso

nnel; interest rate fluctuations; our a

bility to raise or maintain sufficient capital; competition from banks,credit unions and other financial services providers;

the effectiveness of our risk management framework in mitigating risksand losses; our ability to maintain effective internal

cont

rol over financial reporting; our ability to keep pace with technologicalchanges; system failures and interruptions, cyber

attacks and security breaches; employee error, fraudulentactivity by employees or clients and inaccurate or incomplete infor

mation

about our clients and counterparties; our ability to maintain ourreputation; costs and effects of litigation, investigations

or similar matters; risk exposure from transactions with financialcounterparties; severe weather, acts of god, acts of waro

r ter

rorism; compliance with governmental and regulatory requirements; changesin the laws, rules, regulations, interpretations or

policies relating to financial institutions, accounting, tax, trade,monetary and fiscal ma

tters; compliance with requirements

associated with being a public company; level of coverage of ourbusiness by securities analysts; and future equity issuances.Any forwardlooking statement speaks only as of the date on which it is made, andwe do not undertake any obligation to update or review anyforwardlooking statement, whether as aresult of new information, future developments or otherwise, except asrequired by law.

NONGAAP FINANCIAL INFORMATION.

This presentation contains certain nonGAAP measures. ThesenonGAAP measures, as calculated by CrossFirst,are not necessarily comparable to similarly titled measuresreported by other companies. Additionally, these nonGAAPmeasures are not measures of financial performance or liquidityunder GAAP and should not be considered alternatives to the Company'sother financial information determined under GAAP. See reconciliationsof certain nonGAAP measures includedat the end of this presentation.

MARKET AND INDUSTRY DATA.

This presentation references certain market, industry and demographicdata, forecasts and other statistical information. We haveobtained this data, forecasts and information from various independent,third party industry sources and publications. Nothing in thedata, forecasts or information used or derived from third partysources should be construed as advice. Some data and other informationare also based on our good faith estimates, which are derivedfrom our review of industry publications and surveys and independentsources. We believe that these sources and estimates arereliable but have not independently verified them. Statements as to ourmarket position are based on market data currentlyavailableto us. Although we are not aware of any misstatements regardingthe

economic, employment, industry and other market datapresentedherein, these estimates involve inherent risks and uncertainties andare based on assumptions that are subject to change.

CROSSFIRSTBANK

Mike MaddoxPresident, CEO and Director

Joined CrossFirst in 2008 after serving as Kansas City regional presidentfor Intrust BankPracticing lawyer for more than sixyears before joining Intrust BankAppointedto CEO June 1, 2020 after 12 years of serviceB.S. Business, University of Kansas;J.D. Law, University of Kansas; Graduate School of Bankingat the University of WisconsinMadison

Ben Clouse ChiefFinancial Officer

25 years of experience in financial services, asset and wealthmanagement, banking, retail and transportation, including publiccompany CFO experienceJoined CrossFirst in July 2021 after servingas CFO of Waddell & Reed Financial, Inc. (formerly NYSE: WDR)until its acquisition in 2021 Significant experience leading financialoperations as well as driving operational changeB.S. Business, KansasState University; Master of Accountancy, Kansas State UniversityObtainedCPA designation and FINRA Series 27 license

Randy Rapp ChiefRisk Officer and Chief Credit Officer

More than 33 years of commercial banking experience in Texasin various credit, production, risk and executive roles.JoinedCrossFirst in March 2019 after a 19yearcareer at Texas Capital Bank (NASDAQ:TCBI) serving as ExecutiveVice President and Chief Credit Officer from May 2015 untilMarch 2019.B.B.A. Accounting, The University of Texasat Austin and M.B.A. Finance, Texas Christian UniversityObtainedCPA designation

Heather Worley Directorof Investor Relations

More than 15 years of experience in marketing, communicationsand investor relations in banking and financeJoined CrossFirst inSeptember 2021. Previously, SVP & Director of IR for TexasCapital Bancshares, Inc. (NASDAQ:

TCBI)Recognized by

Institutional Investor

magazine AllAmerica Executive Team 2017 | Top InvestorRelations Professional & All-America Executive Team 2019 |Top Investor RelationsProgramB.A. Communications, Mississippi State University

Other Senior ExecutivesSteve Peterson

Chief Banking Officerof CrossFirst Bank21+ yearsof banking experienceJoined CrossFirst in 2011

Amy Fauss

Chief Operating &Chief Human Relations Officerof CrossFirst Bank28+ years of banking experienceJoinedCrossFirst in 2009

Jana Merfen

Chief Technology Officerof CrossFirst Bank12+years of technology experienceJoined CrossFirstin 2021

Our Road to Success

rdLargest Bank Headquartered

in Kansas City MSA

ONE TEAM

Focusing on:Elevating our Strong Corporate Cultureby Living our CrossFirst ValuesAttracting and Retaining HighPerforming TalentWellbeing of our Employees

ONE BANK

Focusing on:Targeting Businesses and ProfessionalsBranchLite TechnologyFocusedDelivering Extraordinary Service and CustomerExperience

SHARED VISION

Focusing on:Performance & ProfitabilitySeizing Growth OpportunitiesStrong Credit Quality Enhancing Products and ServicesManagingEnterprise RiskContributing to our CommunitiesPHOENIX, AZLEAWOOD, KSKANSASCITY, MOTULSA, OKOKLAHOMACITY, OK FRIESCO, TXDALLAS, TX

TotalAssets$5.4 billionGrossLoans$4.2billionTotalDeposits$4.4 billionBook Value/Share$12.79

Our history of strong growthCROSSFIRST BANK

Total Assets

($ millions)

5,659*

$4,931

Compound Annual Growth Rates Since Since 2007 Total ATmfi2012

$4,107

$2,961

$2,133

$22

$77

$155

$311

$355

$565

$847

$1,220

$1,574

$5,401

1 2007 2008 2009 2010 2011 1 2012 2013 1 « 2014 20152016 2017 2018 2019 2020 Q3 2021 >

o K<

2007

Established with initial presence in Kansas Crty

2010

Acquired Leawood.

KS

based

Leawood Bancs hares

S725mm in Total

Assets)

2012

Expansion into

Wichita and

Oklahoma City

markets

2016

George F. Jones Jr.

joins as Vice

Chairman to expand

into Dallas market

2008

Formed

CrossFirst

Bankshares.

ne

2013

Expansion into Tulsa market

through acquisition of Tulsa

National Bancshares. Inc.

(~$160mm in

Total Assets)

2019

CrossFirst

Bankshares, Ine

Initial Public

Offering at $14S0;

Nasdaq listed: CFB

2018

George F. Jones

Jr. named CEO of

CrossFirst

Bankshares. Inc.

2021

Ben Clouse named

CFO of CrossFirst

Bankshares. Ine

and expansion into

Phoenix market

020

Mike Maddox named

CEO of CrossFirst

Bankshares. Inc. and

expansion into Frisco

market

PPP loan balances totaled $292 million at 12/33/20 and $109million of PPP at Q3 21

In response to the PPP forgiveness', the Bank made some strategicbalance sheet re

ductions to reduce liquidity

2020 Impact Report

CROSSFIRST BANK

We are committed to our employees, clients, and communities,which is why we created our first ever Impact Report toshow our

commitment to being a force for good in our

communities.

Highlights the meaningful difference we aremaking in the lives of our employees, our clients and in our communities

Benchmark of where we are today and a baseline to measure our continuedsuccess in the future

COMMUNITY

IMPACT

We build strong

relationships within our communities and support the passionsof our employees.

Supported over 100 organizations in 2020 with donations andsponsorships

Employees donated $25,000, which was matched by CrossFirst fora total philanthropic investment of

$50,000 in the communities where we live and work through our GenerousGiving program

DIVERSITY, EQUITY

AND INCLUSION

We believe that an equitable and inclusive environmentwith diverse teams supports our core values.

IDEA (Inclusion, Diversity, Equity,

and Accountability) Champions enhance an inclusive culturethrough company events and

participation in our recruitment efforts

In 2020, we employed 328 individuals across a diverse representationof 58% female, 42% male and 13% of whom are ethnicallyd

i

verse

BEST

IN

CLASS

CULTURE

We embrace and encourage our employees' strengths andtalents to deliver on our extraordinary service promise.

Long partnered with the GALLUP® organization in the administrationof its CliftonStrengths® assessment for each emp

loyee and Q12 Survey to measure employee engagement

Maintained a consistent employee engagement score in 2020

CROSSFIRST BANKSHARES, INC. TM

EXPANDING OUR FOOTPRINT

AREA OF FOCUSContinue to execute ourorganic growth strategy in existing marketsFocus onnew expansion in target markets where we currently haveclient businessEvaluate expansion strategies in key targetmarkets:De Novo Expansion:Hire experienced talent to expandin key growth marketsStrategic Acquisition:Providesoperational scale and synergiesAdds new lines of businessAddsfee income opportunities

POTENTIAL TARGET MARKETS

Fort Worth, TexasAustin, TexasDenver,ColoradoOmaha, NebraskaHouston, TexasSan Antonio, TexasNashville,Tennessee

Earnings Growth

CROSSFR

IST BANK

Net Income

8.0

$15.6

$12.0

$21.0

Q3 2020

Q4 2020

Ql2021

Q2 2021

Q3 2021

Diluted EPS

$0.41

Q3 2020

Q4 2020

Ql 2021

Q2 2021

Q3 2021

Consistently growing net income and earnings per share

Q3 2021 $6.2 million unrealized loss on an equity

security

Q3 2021 $10 million release from reserves reversesthe majority of the 2021 provisioning due to improved credit quality, econ

omic recovery in the markets we serve, and relatively static loan balance

As of June 30, 2021, the Company had provisioned

$11 million for loan losses YTD

Third Quarter 2021 Summary & Highlights

NetIncome

$21.0M

ROAA

1.54%

NIM

(FTE)

3.20%

Diluted

EPS

$0.41

ROE

12.92%

^ m III/ 2% Deposit growth QoQ 17% DDA Deposit growthQoQ

~ 2%21 TBV/ Share growth QoQ Balance Sheet Update 2% Non

GAAP Loan growth QoQ Credit 0.92% 0.13% 1.56%11121 Klnn

CAAD 17% Performance NPAs / NCOs/ INvJI 1 vjMMKDpcprvPS / Classified Loans/ Asset Avg Loans Loans Capital+ ALLL Capital & 1

2.61% 13.88% 95%

19% Liquidity CET 1 Capital Total Risk

Based Loans/ Cash and Securities/ Ratio Capital Deposits Assets

Efficiency

59.1%

Q3 2021

GAAP

Efficiency Ratio

50.5%

Q3 2021

Non

GAAP

Efficiency Ratio

1.76%

Non

Interest Expense/

Avg Assets

$15.3M

Assets /

Employee

ote: Interim periods are

annuäöed

Cross leans net of unearned

ircorre;

excludes PPP Cans

Represents a non

CAAP financ'd measjjre. See N^vGAAPRecoKiliation

slides at the end this presentation fer additional detail.

Q3 2021 and YTD 2021 Highlights and Summary

CROSSFIRST

BANK

Strong net income during Q3 2021 of $21 million and YTD net incomeof $48.6 million

Net interest margin fully tax

equivalent (FTE) of 3.20% compared to 3.12% in Q2 2021

Continued improvement in YTD efficiency ratio

8.2% (annualized) growth in total loans, ex PPP,'during Q32021

17% demand deposits growth from June 30, 2021 whichnow account for 22% of total deposits

1.7 billion in unfunded loan commitments as of September 30, 2021

$30 million share repurchase authorization Focus on hiring andrecruiting experienced revenue generators Continue strong earn

ings momentum Enhance digital products to better serveour client

s Grow lending verticals

Financial

Performance

Balance Sheet

Strategic

Initiatives

10

* Represents a

cn

G*AP fnanc'al treasure, see Non

GAAP

eccrc iatioo slides at the end c

I

the pesentation fee rrore derail

OPERATING REVENUE GROWTHCROSSFIRSTBANK

Operating Revenue*

*

$172.0

2017

2018

2019

2020

YTD2020 YTD 2020 YTD 2021 YTD 2021

Non

GAAP

Non

GAAP

Net interest income Non

interest

Income

Non

GAAP

Non

GAAP

Net

Interest income '

Non

Interest Income '

Historically, our balance sheet

growth combined with a relatively stable net interest margin hasenabled robust operating revenue growth

2017

2021 Q3 YTD non

interest income CAGR of 33% as we execute on our plan to increasefee income

Q3 2021 Non

Interest Income was impacted by a $6.2

million impairment of an investment in a business acquired aspart of a loan restructuring

Operating Revenue1'1

Q3 2021

QoQ

YOY

FY 2020

YOY

2017

2020

C AC R

Net Interest Income

1% A 6%

A 13%

29%

Non

GAAP Non

-

Interest Income

A 28% A 25%

Non

CAAP Total Revenue

A 1%

A 8%

Operating Revenue1'1

03 2021

FY 2020

2017

2020

QOQ

YOY

YOY

CAGR

Non

Interest Income

119%

127%

A 35%

A 47%

Total Revenue

T

-

15%

%

A 15%

30%

Mole; Dollars

are in millions.

[1) Defined as Net Interest Income plus

Non

Interest income

|2) Represents a non

CAAP

financial measure.SeeM»vGAAPReccrciliaüonslidesattheendc

11

Net Interest MarginCROSSFIRST BANKYieldon Loans & Cost of Deposits2017201820192020Q3 2020Q32021Yield on loans Cost of Total DepositsNet Interest Margin Fully TaxEquivalent (FTE) 3.40% 3.39% 3.31%3.12% 3.00% 3.12% 3.20%20172018 2019 2020Q42020Q12021 Q2 2021Q3 2021Fully taxequivalent netinterest margin increased 8bps to 3.20% from Q2 2021, primarilydue to improved cost of fundsReduced timedeposits and wholesale fundingIncreased noninterestbearingdepositsLoan yield increased 1bps compared to Q2 2021 dueto a decrease in PPP loan balance and nonaccrual changesoffsetting lower loan feesLoan to deposit ratio decreased to 95% from 97%in Q2 2021 and decreased from 100% in Q3 202012

Growth and expense management CROSSFIRST BANKQ3YTD '20 -Q3 YTD '21NonInterest ExpenseDetails$76.2$14.7$7.4$4.8$6.3$430$72.7$15.6 $5.2$7.3$44.6YTD 2020YTD 2021OtherGoodwillImpairment TechnologyOccupancySalaries & BenefitsAssetsand NonInterest Expenses2.53% 2.45% 1.95%1.84%$2,961 $4,107 $4,931 $5,65920172018 2019 2020Total AssetsNoninterest expense / Average AssetsNote:Dollars are in millions and amounts shown are as of the end ofthe period unless otherwise specified.* Includes$7.4 million goodwill impairment

Improving Efficiencywhile Growing AssetsCROSSFIRSTBANK79.1%74.0%73.6% 67.8%58.4%57.4%58.1%53.0%54.2%51.2%$2,961$4,107$4,931$5,659$5,4012017201820192020YTD 2021TotalAssetsEfficiency RationNonGAAPEfficiency RatioNote: Dollars are in millions andamounts shown are as of the end of the period unless otherwise specified.*Represents a non-GAAP financial measure. See NonGAAPReconciliation slides at the end of this presentation for additionaldetail. 14

Diverse loan portfolioCROSSFIRST BANK

Loan Mix by Type ($4.2bn)(1)

Owner Occupied Real Estate8%SBA PPP3%Energy7%Commercial Real Estate 41%ResidentialReal Estate9%Other1% Commercial& Industrial31%

Commercial and Industrial Loan BreakdownbyType ($1.3bn)

Engineering & Contracting7%Restaurants 4%FinancialManagement 4% Aircraft & Transportation 5%MerchantWholesalers4%18 Other Industries35%Manufacturing 12%Real Estate Activity4%BusinessLoans to Individuals8%Recreation 5% Health Care7%Administrative Services5%

CRE Loan Portfolio by Segment ($1.7bn)(1)

Retail 12%Office15%Industrial9%4 Family Res Construction8%Hotel11%Senior Living7%Other18%MultiFamily20%

CRE Loans by Geography ($1.7bn)(1)

TX37% OK13% KS10%MO8%CO4%NC4%FL4%AZ2%RemainingStates 18%Note: Data as of September 30, 2021.CREas defined by regulators (including construction and development).15

Asset Quality Performance

CROSSFIRST BANK

Nonperforming Assets / Assets

1.6%

1.4%

1.2%

1.0%

%

0.4%

0.2%

%

0.18%

0.43%

0.97%

1.39%

1.15%

1.09%

0.92%

2017

2018

2019

2020

Q12021

Q22021

Q32021

NPAs continue to improve as economic and businessoutlooks improve

Reduction in NPAs mostly related to upgrades in commercialand industrial loans adversely effected by the pandemic

51% of the nonperforming asset balance in Q3 2021

relates to energy credits

OREO balances reduced to $1.1 million

Classified Loans / (Total Capital + ALLL)

$350 $300

$250

$200

$150

$100

$50

$299.9

$286.1

$268.9

$170.7

$124.1

43.2%

40.9%

38.2%

24.0%

17.3%

Q3 2020

Q4 2020

Q1 2021

Q2 2021

Q3 202

Classified loans continue to trend down due primarily to higher energyprices, improvements in customers' businesses, and imp

roved economic conditions

37% of classifieds in Q3 2021 relate to Energy, down from43% in Q2 2021 and 46% in Q3 2020

Energy classifieds decreased 37% during the quarter and 67% fromQ3 2020

Classified Loans

Ratio

Note: Dollar amounts are in millions.

16

Asset Quality PerformanceCROSSFRIST BANK

Net ChargeOffs / Average Loans(1)

12%1.0%0.8%0.6%0.4%0.2%0.0%0.44% 0.07%0.31%0.89%1.03% 0.13%0.74%0.23%0.13%2017201820192020Q42020Q12021 Q2 2021 Q3 2021ALLLALLL/LoansPrudentlyreduced ALLL/Total Loans to 1.51%, or 1.56% excludingPPP loans(2), at end of Q3 2021 by releasing $10 million in reserves$3.5 million of provisions were added to the reserves in Q2 2021$7.5million of provisions were added to the reserves in Q1 2021Note: Dollaramounts are in millions.Ratio is annualizedfor interim periods.Represents a nonGAAP financialmeasure. See NonGAAP Reconciliation slidesat the end of this presentation for additional detail. 17

CROSSFIRSTBANKSHARES, INC.TMSupplementalInformation

Note: Dollar amounts are in millions.

Ratio is annualized for interim periods.

Represents a non

AAP financial measure. See Non

GAAP Reconciliation slides at the end of this presentation for additionaldetail.

Return of accumulated capital and earnings to shareholders

Facilitated by consistency in core earnings

Anticipate enhanced earnings per share w

ith little tangible book value dilution and a short earnback period

Expect improved ROE by deploying accumulated capital

BALANCE SHEET

EFFECTS AS OF 9/30/21

Key capital ratios remain well capitalizedRetain strategic growthcapabilitiesOrganic expansion M&A opportunitiesIncreasesdiluted EPS by ~$0.05 or ~4.4%Increases ROATCEby ~38bpsBuying back ~4.4% of outstandingsharesCROSSFRIST BANKSAHRES, INC. * Effects basedon share price and outstanding shares as of 9/30/21 19

capital Ratios

CROSSFRIST

ANKC

16%

14%

12%

10%

8%

6%

4%

2%

0%

11.95%

11.97%

13.23%

11.93%

11.94%

13.20%

12.00%

12.02%

13.27%

12.40%

12.42%

13.67%

12.61%

12.63%

13.88%

Q3 2020

Q4 2020

Q1 2021

Q2 2021

Q3 2021

Common Equity Tier 1

Tier 1Risk Based

Total Risk Based Capital

Maintaining strong capital levels to support future growth

Anticipate remaining well capitalized while utilizing capital forthe new share buyback program

Execution of our profitable growth strategy further strengtheningcapital ratios

20

Balance Sheet

Growth

CROSSFRIST

BANK

$1,996

$2,303

$3,061

$3,208

$3,852

$3,924

$4,442

$4,695

$4,233

$4,437

2017

2018

2019

2020

2021

Cross loans net of unearned fees

Total deposits

Balance Sheet

Q3 2021

QoQ

YoY

FY 2020

YoY

2017

2020

CAGR

Cross Loans

Cross Loans ex

PPP *

0%

Y

5%

A 2%

0%

A 15%

A 3r%

T

7%

A 24%

Total Deposits

A 2%

Y

1%

A 20%

A 27%

Total Assets

A 2%

2%

A 15%

A 24%

Annualized loan growth of 8% during Q3 2021, excluding theimpact of PPP

$88 million in PPP loans were forgiven in Q3 2021

Deposit growt

h of 7% annualized during Q3 2021

Includes 17% QoQ increase in non

interest

bearing deposits

Note: Dollars are in millions.

* Represents a non

GAAP financial measure. See Non

GAAP Reconciliation slides at the end of this presentation for

additional detail.

21

improving core funding baseCROSSFIRSTBANK

Deposit Mix by Type

$4,493$1,141$2,090$508 $754Q3 2020 $4,695 $1,044 $2,155$778$718Q4 2020$5,052$932 $2,484 $841 $795 Q1 2021$4,375 $804 $275$659 $819 Q2 2021 $4,437 $701$2,103 $672$961Q3 2021Costof Deposits0.67% 0.58%0.48%0.41%0.38%Noninterest bearing deposits TransactionDepositsSavings & MMATime DepositsDemanddeposits increased+27% compared to Q3 2020+17%compared to Q2 2021Improved the cost of depositsby increasing DDAand lowering time deposit and money market accountsDeposit costshave trended down due to the persistent lowrateenvironment and management's balance sheet strategy

Focus on Core Funding

17%9%Q3 202014% 6%Q42020 8%2%Q1 20218%2%Q220217%2%Q32021

Q3 2021 Deposit Composition

Transaction Deposits15% DDA22% TimeDeposits16% Note: Dollars are in millions and amountsshown are as of the end of the period. * As a percentageof Bank assets

PPP Loan SummaryCROSSFRISTBANK

PPP Timeline

$369Q3 2020 End($77)Q42020 Forgiven $292 Q4 2020 End($67)Q12021 Forgiven$336$111$225Q12021 End($161)Q2 2021 Forgiven$197$129$68Q22021 End ($88)Q3 2021 Forgiven$109$96$13Q3 2021 End2020 PPP LonasLoan Forgiveness2021PPP LoansWeighted average rate of approximately 5.5%,in Q3 2021$3.0 million in anticipated fees remainfrom Rounds 1 and 2Round 1 (2020 programs)were 2year programs while Round 2 (2021program) is a 5year program$9.9Q22020$3.2Q3 2020$2.6Q4 2020$2.4Q1 2021$3.7$2.2Q1 2021$2.1Q22021$4.2$0.5Q2 2021$1.7 Q32021 $3.0Q3 2021

Fee Recognition Breakdown

Q1 2021: $2.4 millionRound 1: $1.9 millionRound2: $0.5 millionQ2 2021: $2.1 millionRound 1: $1.7 millionRound 2: $0.4millionQ3 2021: $1.7 millionRound 1: $0.5 millionRound2: $1.2 millionNote: As of end of period; dollars in millions. 23

Securities portfolioCROSSFRIST BANK

Investment Portfolio Breakout as of September 30, 2021

Municipal Taxable1.2%MunicipalTaxExempt76.2%CMO (Fixed) 3.2%Other,0.6%MBS (Fixed)18.8%

Total: ~$708 million*

Continue to exercise caution in the investment portfolio and maintainhighquality investment securitiesAt theend of Q3 2021, the portfolio's duration was approximately 5.1yearsThe fully taxable equivalent yield for Q3 2021 fell 6bpsto 2.87%During Q3 2021, $18 million of MBS/CMO paydowns werereceived and no securities were sold During Q3 2021, $14 millionof TaxExempt Municipal bonds were sold with a realizedgain of $1 millionThe securities portfolio has unrealized gains of approximately$26 million as of September 30, 2021

Securities Yield Fully TaxEquivalent

3.85%

2.79%

2017

3.62%

2.13%

2018

3.35%

1.45%

2019

3.05%

2.13%

2020

2.93%

2.18%

Q3 2020

.96%

2.31%

Q4 2020

2.89%

2.33%

Q1 2021

2.93%

2.44%

Q2 2021

2.87%

2.41%

Q3 2021

Securities Yield

Cost of Funds Spread

Securities Yield

* Based on approximate fair value.

CrossFirst Energy PortfolioCROSSFIRSTBANK

Portfolio Composition

Collateral base is predominately comprised of properties with sufficientproduction history to establish reliable production

trends

Typically, only lend as a senior secured lender in singlebank transactions and as a cash flow lender

Exploration & Producti

on lending only on proven and producing reserves

CrossFirst typically does not lend to shale, oil field services, or midstreamenergy companies.

Have decreased number of energy loans by 9 to 49, or 16%,since Q2 2020

Energy by Composition 9/30/2021

Loa

Loan

Amoun

Total

Avg % Hedged*1)

Hedge

Priced

oil

35

$175

59%

38%

$47.60

Natural

Gas

13

$121

41%

49%

$2.62

Other

Sources

$0

0%

0%

Total

49

$296

10O%

40% 0)

Energy Portfolio andTangible Equity(3)

98% 79%69%55%45%$243$2492017$358$4532018$409$5942019$345$6242020$296$652Q3 2021$399$15$13$371Q1 2020$390$108$72$210Q2 2020$384$138 $59$187Q3 2020$345$109$90$146Q4 2020$343$119$82$142 Q1 2021 $326 $73$102$151Q22021$296$46$116$134Q3 2021Note:Data as of 9/30/21.Note: Loan dollars in millions;WeightedAverage. Hedged rolling 12 month; Oil price in $ per barreland natural gas price in $ per MMBtu.Represents a nonGAAP financialmeasure, see nonGAAP reconciliation slides inthe supplemental information for more detail.25

Quarterly selected financials

CROSSFIRST

BANK

(Dollars in thousands, except per share data) CrossFirstBankshares, Inc. Quarterly Financials For the Three Months Ended 9/3

0/2021 6/30/2021 3/31/2021 12/31/2020 9/30/2020 IncomeStat

ement Data: Interest income $ 47,311 $ 48,484 $ 48,153 $ 49,534$ 48,452 Interest expense 5,510 6,156 7,036 7,997 9,125 Net i

nterest income 41,801 42,328 41,117 41,537 39,327 Provision forloan losses

10,000 3,500 7,500 10,875 10,875 Non

interest income

1,105 5,825 4,144 2,949 4,063 Non

interest expense 24,036 25,813 22,818 23,732 23,011 Net incomebefore taxes 26,660 18,840 14,943 9,879 9,504 Income tax expen

se 5,660 3,263 2,908 1,785 1,498 Net income 21,000 15,577 12,035 8,0948,006 Non

GAAP core operat

ing income(1) $ 25,898 $ 14,245 $ 12,035 $ 8,094 $ 8,006 BalanceSheet Data: Cash and cash equivalents $ 316,722 $ 220,814 $

630,787 $ 408,810 $ 223,636 Securities 708,106 712,217685,454 654,588 649,901 Gross loans (net of unearned income)4,233,117

4,237

,944 4,508,600 4,441,897 4,477,809 Allowance for loan losses64,152 75,493 74,551 75,295 76,035 Goodwill and intangibles 149

169 188 208 227 Total assets 5,401,151 5,311,434 5,998,0745,659,303 5,505,696 Non

interest

bearing deposits 960,999 818,887 794,55

9 718,459 754,172 Total deposits 4,436,597 4,356,627 5,051,5704,694,740 4,492,549 Borrowings and repurchase agreements276,6

00 283,100 286,394 295,406 349,631 Trust preferredsecurities, net of fair value adjustments 997 986 974 963 952 Stockholders

' Equi

ty 652,407 637,190 628,834 624,428 617,883 Tangible commonstockholders' equity(1) $ 652,257 $ 637,021 $ 628,646 $ 624,220$

617,656 Share and Per Share Data: Basic earnings per commonshare $ 0.41 $

0.3 $ 0.23 $ 0.16 $ 0.15 Diluted earning per common share 0.41 0.3 0.230.15 0.15 Book value per share 12.79 12.5 12.17 12.08 11.84Tangible book value per share(1) $ 12.79 $ 12.5 $12.16$ 12.08 $ 11.83 Basic weighted average common sharesoutstanding 50,990,113 51,466,885 51,657,204 51,970,116 52,136,286Diluted weighted average common shares outstanding 51,605,72152,209,541 52,381,474 52,463,645 52,560,126 Shares outstandingat end of period 51,002,698 50,958,680 51,678,669 51,679,51652,195,778 Represents a nonGAAP financialmeasure. See NonGAAP Reconciliation slidesat the end of this presentation for additional detail.26

Quarterly selected financialsCROSSFIRSTBANKCrossFirstBankshares, Inc. Quarterly Financials For the Three MonthsEnded 9/30/2021 6/30/2021 3/31/2021 12/31/2020 9/30/2020SelectedRatios: Return on average assets(1) 1.54 % 1.1 % 0.84 %0.58 % 0.58 % NonGAAP core operating return on averageassets(1)(2) 1.9 1.01 0.84 0.58 0.58 Return on average common equity 12.929.86 7.8 5.19 5.19 Yield on earning assets 3.56 3.51 3.45 3.67 3.61Yield on earning assetstax equivalent(3) 3.62 3.57 3.5 3.71 3.66 Yield on securities 2.462.52 2.48 2.56 2.55 Yield on securitiestax equivalent(3) 2.87 2.93 2.89 2.96 2.93 Yield on loans4 3.99 3.94 4 3.9 Cost of funds 0.46 0.49 0.56 0.65 0.75 Cost ofinterestbearing liabilities 0.57 0.59 0.65 0.770.88 Cost of interestbearing deposits 0.47 0.5 0.57 0.69 0.8 Costof deposits 0.38 0.41 0.48 0.58 0.67 Cost of other borrowings1.82 1.79 1.79 1.78 1.5 Net interest margintax equivalent(3) 3.2 3.12 3 3.12 2.98 Noninterestexpense to average assets 1.76 1.82 1.6 1.71 1.67 Efficiency ratio(4)59.06 53.61 50.41 53.35 53.03 NonGAAPcore operating efficiency ratio (FTE)(2)(4) 50.45 53.34 49.64 52.5452.23 noninterestbearing deposits to total deposits 21.66 18.8 15.7315.3 16.79 Loans to deposits 95.41 % 97.28 % 89.25 % 94.61 %99.67 % Credit Quality Ratios: Allowance for loanslossesto total loans 1.51 % 1.78 % 1.65 % 1.7 % 1.7 % Nonperformingassets to total assets 0.92 1.09 1.15 1.39 1.49 Nonperformingloans to total loans 1.15 1.33 1.48 1.71 1.78 Allowance forloans losses to nonperforming loans 131.76 133.79 112.1 98.98 95.18 Netchargeoffs (recoveries) to average loans(1) 0.13 % 0.23 % 0.74 %1.03 % 0.54 % Capital Ratios: Total stockholders' equity tototal assets 12.08 % 12 % 10.48 % 11.03 % 11.22

% Common equity tier 1 capital ratio 12.61 12.4 12 11.93 11.95Tier 1 risk

based capital ratio 12.63 12.42 12.02 11.94 11.97 Totalrisk

based capital ratio 13.88 13.67 13.27 13.2 13.23 Tier 1 leveragerati

o 11.77 % 10.81 % 10.51 % 10.93 % 10.85 %

(1) Inter

im periods are annualized.

(2) Represents a non

GAAP financial measure. See Non

GAAP Reconciliation slides at the end of this presentation foradditional detail.

(3) Tax

exempt income is calculated on a ta

equivalent basis. Tax

exempt income includes municipal securities, which is exempt fromfederal taxation. A tax rate of 21% is used.

(4) Efficiency ratio is non

-

interest expense divided by the sum of net interest income andnon

interest income; non

GAAP

core operating efficiency ratio (FTE) is adjusted f

or non

core or non

recurring items

Nongaap reconciliations CROSSFIRSTBANKForthe Three Months Ended (Dollars in thousands) 9/30/2021 6/30/20213/31/2021 12/31/2020 9/30/2020 NonGAAP Core Operating Income:Net income $ 21,000 $ 15,577 $ 12,035 $ 8,094 $ 8,006 Add:Unrealized loss on equity security 6,200Less: Tax effect(2) 1,302Unrealized loss on equity security, net of tax 4,898Add: Accelerated employee benefits719Less: Tax effect (3)210Accelerated employee benefits, net of tax509Less: BOLI settlement benefits(1)1,841NonGAAP core operating income $ 25,898$ 14,245 $ 12,035 $ 8,094 $ 8,006 NonGAAPCore Operating Return on Average Assets: Net income $ 21,000$ 15,577 $ 12,035 $ 8,094 $ 8,006 NonGAAPcore operating income 25,898 14,245 12,035 8,094 8,006 Averageassets $ 5,408,984 $ 5,673,638 $ 5,798,167 $ 5,523,196 $ 5,486,252GAAP return on average assets 1.54 % 1.1 % 0.84 % 0.58% 0.58 % NonGAAP core operating return on averageassets 1.9 % 1.01 % 0.84 % 0.58 % 0.58 % NonGAAPCore Operating Return on AverageEquity: Net income available tocommon stockholders $ 21,000 $ 15,577 $ 12,035 $ 8,094 $ 8,006NonGAAP core operating income availableto common stockholders 25,898 14,245 12,035 8,094 8,006 Averagecommon equity 644,715 633,417 625,875 620,496 613,910 Less:average goodwill and intangibles 160 179 199 218 238 AverageTangible Equity $ 644,555 $ 633,238 $ 625,676 $ 620,278 $ 613,672GAAP return on average common equity 12.92 % 9.86 % 7.8 % 5.19 %5.19 % NonGAAP core return on averagetangible common equity 15.94 % 9.02 % 7.8 % 5.19 % 5.19 % NonGAAPCore Operating Efficiency Ratio: Noninterestexpense $ 24,036 $ 25,813

$ 22,818 $ 23,732 $ 23,011 Less: Accelerated employee benefits

719

Non

GAAP non

interest expense (numerator) $ 24,036 $ 25,094 $

22,818 $ 23,732 $ 23,011 Net interest income 41,801 42,32841,117 41,537 39,327 Tax equivalent interest income(4)748 7

34 704 683 669 Non

interest income

1,105 5,825 4,144 2,949 4,063 Add: Unrealized loss on equitysecurity 6,200

-

Less: BOLI settle

ment benefits

1,841

Non

-

GAAP operating revenue (denominator) $ 47,644 $ 47,046 $ 45,965$ 45,169 $ 44,059 GAAP Efficiency Ratio 59.06 % 53.61 %50.41

% 53.35 % 53.03 % Non

GAAP core operating efficiency ratio (FTE) 50.45 % 53.34 % 49.64% 52.54 % 5

2.23 %

No tax effect.

Represents the tax impact of the adjustments at a tax rate of 21.0%.

Represents the tax impact of

the adjustments above at a tax rate of 21.0%, plus a permanenttax benefit associated with stock

based grants.

Tax exempt income (tax

fr

ee municipal securities) is calculated on a tax equivalent basis. The incrementaltax rate used is 21.0%.

28

Nongaap reconciliations CROSSFIRSTBANKForthe Three Months Ended (Dollars in thousands) 9/30/2021 6/30/20213/31/2021 12/31/2020 9/30/2020 NonGAAP Core Operating Income: Netincome $ 21,000 $ 15,577 $ 12,035 $ 8,094 $ 8,006 Add: Unrealizedloss on equity security 6,200Less: Tax effect(2) 1,302Unrealized loss on equity security, net of tax 4,898Add: Accelerated employee benefits719Less: Tax effect (3)210Accelerated employee benefits, net of tax509Less: BOLI settlement benefits(1)1,841NonGAAP core operating income $ 25,898$ 14,245 $ 12,035 $ 8,094 $ 8,006 NonGAAPCore OperatingReturn on Average Assets: Net income $ 21,000 $ 15,577$ 12,035 $ 8,094 $ 8,006 NonGAAP coreoperating income 25,898 14,245 12,035 8,094 8,006 Averageassets $ 5,408,984 $ 5,673,638 $ 5,798,167 $ 5,523,196 $ 5,486,252GAAP return on average assets 1.54 % 1.1 % 0.84 % 0.58% 0.58 % NonGAAP core operating return on average assets1.9 % 1.01 % 0.84 % 0.58 % 0.58 % NonGAAPCore Operating Return on Average Equity: Net income availableto common stockholders $ 21,000 $ 15,577 $ 12,035 $ 8,094$ 8,006 NonGAAPcore operating income available to common stockholders 25,89814,245 12,035 8,094 8,006 Average common equity 644,715633,417 625,875 620,496 613,910 Less: average goodwill and intangibles160 179 199 218 238 Average Tangible Equity $ 644,555 $633,238 $625,676 $ 620,278 $ 613,672 GAAP returnon average common equity 12.92 % 9.86 % 7.8 % 5.19 % 5.19% NonGAAP core return on averagetangible common equity 15.94 % 9.02 % 7.8 % 5.19 % 5.19 % NonGAAPCore Operating Efficiency Ratio: Noninterestexpense $ 24,036 $ 25,813

$ 22,818 $ 23,732 $ 23,011 Less: Accelerated employee benefits

719

Non

GAAP non

interest expense (numerator) $ 24,036 $ 25,094 $ 22,818 $ 23,732$ 23,011 Net interest income 41,801 42,328 41,117 41,53739,

327 Tax equivalent interest

income(4) 748 7

34 704 683 669 Non

interest income

1,105 5,825 4,144 2,949 4,063 Add: Unrealized loss on equitysecurity 6,200

-

Less: BOLI settlement benefits

1,841

Non

-

GAAP operating revenue (denominator) $ 47,644 $ 47,046 $ 45,965$ 45,16

9 $ 44,059 GAAP Efficiency Ratio 59.06 % 53.61 % 50.41% 53.35 % 53.03 % Non

GAAP core operating efficiency ratio (FTE) 50.45 % 53.34 % 49.64% 52.54 % 52.23 %

No tax effect.

Represents the tax impact of the adjustments at a tax rate of 21.0%.

Represents t

he tax impact of

the adjustments above at a tax rate of 21.0%, plus a permanenttax benefit associated with stock

based grants.

Tax exempt income (tax

free municipal securities) is calculated on a tax equivalent basis. Theincremental tax rate used is 21.0

%.

28

Non

gaap reconciliations (Cont.)

CROSSFIRST

BANK

For the Three Months Ended (Dollars in thousands, except per sharedata) 9/30/2021 6/30/2021 3/31/2021 12/31/2020 9/30/2020 T

angible common stockholders' equity: Stockholders' equity $ 652,407$ 63

7,190 $ 628,834 $ 624,428 $ 617,883 Less: goodwill and otherintangible assets 149 169 188 208 227 Tangible Stockholders' Equ

ity $ 652,258 $ 637,021 $ 628,646 $ 624,220 $ 617,656 Shares outstandingat end of period 51,002,698 50,958,680 51,678,669 51

,679,5

16 52,195,778 Book value per share $ 12.79 $ 12.5 $ 12.17 $12.08 $ 11.84 Tangible book value per share $ 12.79 $ 12.5$ 12.1

6 $ 12.08 $ 11.83 For the Three Months Ended 9/30/2021 6/30/20213/31/2021 12/31/2020 9/30/2020 Gross loans, net of unearned

income

S 4.233.117 S 4.237.944 S 4.508.600 S 4.441.897 S 4,477.81 Less:PPP loans, net of unearned income 109.465 197.084 336,355 29

2,230 369.26 Non

PPP gross loans, net of unearned income s 4,123,652 s 4,040.86s 4,172,245 s 4,149.67 s 4,108.55 Year

over

year l

oan growth (5.461 % Non

GAAP year

over

year loan growth excluding PPP loans 0.00 Apnked quarter loan growth

-

0.11 Non

GAAP linked quarter loan growth excluding PPP loans 2.05% Allowancefor loan losses $ 64.152 75.493 s 74.551 s 75.295 $ 76.03

5 Allowance f

or loan losses to gross loans, net of unearned income 1.51% 1.78% 1.65%1.70% 1.70% Allowance for loan losses to non

PPP gross loans, net of unearned income 1.56% 1.87% 1.79% 1.81%1.85%