Great Western Bancorp (GWB) Misses Q4 EPS by 6c

Great Western Bancorp (NYSE: GWB) reported Q4 EPS of $0.72, $0.06 worse than the analyst estimate of $0.78.

• Net income was $42.3 million, or $0.72 per diluted share, compared to $45.9 million, or $0.78 per diluted share
• Net interest margin and adjusted net interest margin1, 2 were 3.79% and 3.77%, decreases of 18 and 17 basis points, respectively
• The efficiency ratio1 was 48.1% for the quarter
• Noninterest expenses were well controlled during the quarter
• Total loans and total deposits grew $36.1 million, or 0.4%, and $148.2 million, or 1.5%, respectively

"Even though the fourth quarter did have softer loan growth and some nonrecurring items impacting net interest margin, I am pleased with our results for fiscal year 2018," said Ken Karels, Chief Executive Officer and Chairperson of the Board. "We were able to deliver significant year-over-year growth including a 9.1% increase in net income, a 9.0% increase in diluted earnings per share and an 8.5% increase in tangible book value while maintaining a strong efficiency ratio."

For earnings history and earnings-related data on Great Western Bancorp (GWB) click here.

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