Ficus Nitida bark cracking – how concerning is this?

Hello, I recently planted a Ficus Nitida tree in my backyard. This part of the yard is right on a small lake facing West so it gets a considerable amount of sun exposure.

This ficus tree was planted in summer in Arizona and I have it being watered 3 times a day so it get good water in this dry summer. I plan to back the water down when it gets cooler. The tree went through some minor shock when initially planted and loss a few leaves but nothing major.

Now the tree looks great. No leaves falling. Color is looking good, etc.

But just one issue: the trunk/bark on the tree that faces the lake (so facing West) has cracked a bit. I’m not sure at what stage it cracked though. It does not come off when I try to peel it but it can be visibly seen.

My question is:

Is this trunk crack ok?

Will this hinder the tree’s growth or ability to grow in the future?

I would really love this tree to become a giant beautiful ficus one day with a lot of shade.

I would hate to remove and replace this tree but if this crack will be a problem then better to do it now while this tree is still small compared to when it gets larger.

Any help and feedback is much appreciated. Thanks.