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Earnings-Great Western

Earnings-Great Western
Great Western Bancorp beats 1Q profit forecasts
The Associated Press - January 25, 2018

SIOUX FALLS, S.D. - Great Western Bancorp Inc. (GWB) on Thursday reported fiscal first-quarter earnings of $29.2 million.

The bank, based in Sioux Falls, South Dakota, said it had earnings of 49 cents per share. Earnings, adjusted for pretax expenses, came to 72 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The holding company for Great Western Bank posted revenue of $131.6 million in the period. Its adjusted revenue was $117.3 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $118.8 million.

Great Western Bancorp shares have climbed 11 percent since the beginning of the year. The stock has climbed almost 3 percent in the last 12 months.



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