Great Western Bancorp (GWB) Tops Q4 EPS by 10c

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Go back to Great Western Bancorp (GWB) Tops Q4 EPS by 10c

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 EDT

Highlights 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