Great Western Bancorp: Fiscal Q2 Earnings Snapshot

The Associated PressApril 29, 2021Business
GWB-Earnings Report

SIOUX FALLS, S.D. (AP) _ Great Western Bancorp Inc. (GWB) on Thursday reported fiscal second-quarter net income of $51.3 million, after reporting a loss in the same period a year earlier.

The bank, based in Sioux Falls, South Dakota, said it had earnings of 93 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The holding company for Great Western Bank posted revenue of $126.2 million in the period. Its revenue net of interest expense was $120.1 million, also beating Street forecasts.

Great Western Bancorp shares have increased 57% since the beginning of the year. The stock has climbed 65% in the last 12 months.