Great Western Bancorp (GWB) Tops Q4 EPS by 10c
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Great Western Bancorp, Inc. Announces Fourth Quarter and Fiscal Year 2019 Financial Results; 9.4% Increase in Diluted EPS and 10.5% Increase in TBV for Fiscal Year 2019
October 24, 2019 7:01 AM EDTHighlights for the Fourth Quarter of Fiscal Year 2019 (all quarterly comparisons in this document refer to the third quarter of fiscal year 2019, except as noted)
Net income was $50.3 million, or $0.89 per diluted share, compared to $26.8 million, or $0.47 per diluted share Net interest margin remained stable at 3.70% while adjusted net interest margin1, 2 decreased 2 basis points to 3.69% Noninterest expenses were well controlled during the quarter contributing to an efficiency ratio1 of 44.5% Total loans declined $180.2 million, or 1.8%, for the quarter Total deposits increased $64.4 million, or 0.6%, for the quarter Credit-related charges were... More