U.S. Markets closed

Great Western Bancorp: Fiscal 1Q Earnings Snapshot

SIOUX FALLS, S.D. (AP) _ Great Western Bancorp Inc. (GWB) on Thursday reported fiscal first-quarter earnings of $45.8 million.

The Sioux Falls, South Dakota-based bank said it had earnings of 79 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The holding company for Great Western Bank posted revenue of $148.8 million in the period. Its revenue net of interest expense was $121.6 million, falling short of Street forecasts. Three analysts surveyed by Zacks expected $124.1 million.

Great Western Bancorp shares have risen almost 9 percent since the beginning of the year. The stock has decreased 23 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GWB at https://www.zacks.com/ap/GWB