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Great Western Bank-Earnings Report

Great Western Bank-Earnings Report

Great Western Bancorp: Fiscal 3Q Earnings Snapshot


The Associated Press - July 30, 2020

SIOUX FALLS, S.D. (AP) _ Great Western Bancorp Inc. (GWB) on Wednesday reported fiscal third-quarter profit of $5.4 million.

The bank, based in Sioux Falls, South Dakota, said it had earnings of 10 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The holding company for Great Western Bank posted revenue of $108.2 million in the period. Its revenue net of interest expense was $94.6 million, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $116.1 million.

Great Western Bancorp shares have fallen 60% since the beginning of the year. The stock has declined 59% in the last 12 months.



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