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Great Western Bancorp: Fiscal 4Q Earnings Snapshot

SIOUX FALLS, S.D. (AP) _ Great Western Bancorp Inc. (GWB) on Thursday reported fiscal fourth-quarter earnings of $42.3 million.

The bank, based in Sioux Falls, South Dakota, said it had earnings of 72 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The holding company for Great Western Bank posted revenue of $144.5 million in the period. Its revenue net of interest expense was $121.2 million, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $125.9 million.

For the year, the company reported profit of $157.9 million, or $2.67 per share. Revenue was reported as $481.4 million.

Great Western Bancorp shares have declined 17 percent since the beginning of the year. The stock has decreased 20 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