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Great Western Bancorp: Q1 Earnings Insights

Shares of Great Western Bancorp (NYSE:GWB) were unchanged after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 2.60% year over year to $0.75, which beat the estimate of $0.39.

Revenue of $122,056,000 rose by 0.95% year over year, which beat the estimate of $115,560,000.

Looking Ahead

Great Western Bancorp hasn’t issued any earnings guidance for the time being.

Revenue guidance hasn’t been issued by the company for now.

Details Of The Call

Date: Jan 27, 2021

Time: 08:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/gwb/mediaframe/42684/indexr.html

Price Action

Company’s 52-week high was at $33.24

Company’s 52-week low was at $10.86

Price action over last quarter: Up 84.17%

Company Overview

Great Western Bancorp Inc is a bank holding company. The company principally operates through its wholly owned subsidiary, Great Western Bank. The bank is a full-service regional bank focused on relationship-based banking and agri-business banking primarily in the Midwest, as well as the Southwest region of the United States. The bank’s strategy does not emphasize building-specific lines of business or geographic segments but instead prefers to work as an integrated unit providing customized solutions for its customers. The company, therefore, reports only through one segment. A plurality of its loan portfolio is in commercial real estate, followed by agricultural loans. The vast majority of the company’s net revenue comes from net interest income.

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