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Earnings Report-Great Western Bank

Earnings Report-Great Western Bank

Great Western Bancorp: Fiscal 4Q Earnings Snapshot


The Associated Press - October 24, 2019

SIOUX FALLS, S.D. - Great Western Bancorp Inc. (GWB) on Thursday reported fiscal fourth-quarter earnings of $50.3 million.

The Sioux Falls, South Dakota-based bank said it had earnings of 89 cents per share. Earnings, adjusted for amortization costs, were 90 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The holding company for Great Western Bank posted revenue of $153.8 million in the period. Its revenue net of interest expense was $121.7 million, which did not meet Street forecasts.

For the year, the company reported profit of $167.4 million, or $2.92 per share. Revenue was reported as $481.4 million.

Great Western Bancorp shares have increased 14% since the beginning of the year. The stock has declined 5% in the last 12 months.



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