Great western bancorp, inc. (GWB)
Income statement / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12
Interest income
Loans

498,935

451,290

407,282

363,728

338,458

324,610

319,710

305,020

Taxable securities

-

-

-

-

22,973

26,363

28,552

32,581

Nontaxable securities

-

-

-

-

51

80

127

180

Investment securities

41,510

29,171

26,311

24,680

1,247

968

909

1,030

Federal funds sold and other

2,472

1,376

922

574

652

455

336

331

Total interest income

542,917

481,837

434,515

388,982

363,381

352,476

349,634

339,142

Interest expense
Deposits

106,718

60,112

35,035

25,114

23,362

25,764

33,117

44,416

FHLB advances and other borrowings

9,951

8,848

5,821

4,673

563

600

644

1,014

FHLB advances and other borrowings

-

-

-

-

3,631

3,452

3,103

3,098

Related party notes payable

-

-

-

-

771

921

950

1,007

Subordinated debentures and subordinated notes payable

5,540

5,040

4,464

3,737

1,557

1,315

1,347

1,436

Total interest expense

122,209

74,000

45,320

33,524

29,884

32,052

39,161

50,971

Net interest income

420,708

407,837

389,195

355,458

333,497

320,424

310,473

288,171

Provision for loan and lease losses

40,947

17,986

21,539

16,955

19,041

684

11,574

30,145

Net interest income after provision for loan and lease losses

379,761

389,851

367,656

338,503

314,456

319,740

298,899

258,026

Noninterest income
Service charges and other fees

43,893

51,077

55,725

52,925

39,134

40,204

41,692

38,937

Casualty insurance commissions

-

-

-

-

-

-

-

1,383

Wealth management fees

8,914

9,219

9,118

7,283

7,412

7,228

8,108

1,847

Mortgage banking income, net

4,848

5,842

7,928

7,261

6,694

5,539

13,724

11,794

Net loss on sale of securities

-178

6

75

160

310

90

917

7,305

Trust department income

-

-

-

-

-

-

-

3,241

Net increase in fair value of loans at fair value

61,412

-45,407

-65,231

26,314

36,742

11,904

-41,160

15,093

Net realized and unrealized loss on derivatives

-63,444

44,596

49,900

-48,658

-62,088

-30,177

26,088

-29,300

Gain on acquisition of business

-

-

-

-

-

-

-

3,950

Other

5,287

8,276

5,699

3,968

5,686

4,993

10,463

13,696

Total noninterest (loss) income

60,732

73,609

63,214

49,253

33,890

39,781

59,832

67,946

Noninterest expense
Salaries and employee benefits

136,305

135,352

128,135

109,055

100,646

95,105

100,660

97,689

Data processing and communication

24,077

29,805

28,288

25,440

19,531

19,548

18,980

15,270

Occupancy and equipment

20,784

20,330

19,817

-

14,809

17,526

18,532

17,366

Professional fees

14,579

17,891

15,038

-

14,024

12,233

12,547

13,049

Communication expenses

-

-

-

19,554

4,455

4,510

4,609

4,826

Advertising

4,493

4,507

3,983

13,572

3,940

4,746

6,267

8,169

Equipment expenses

-

-

-

4,267

3,905

4,350

4,518

5,438

Net loss on repossessed property and other related expenses

4,367

4,369

1,749

1,263

5,382

8,644

3,650

-6,822

Amortization of core deposits and other intangibles

-

-

-

3,264

7,110

16,215

19,290

19,646

Acquisition expenses

0

0

710

15,692

0

0

-

-

Other

20,293

19,171

18,923

15,533

12,992

17,345

19,537

34,188

Total noninterest expense

224,898

231,425

216,643

207,640

186,794

200,222

208,590

208,819

(Loss) income before income taxes

215,595

232,035

214,227

180,116

161,552

159,299

150,141

117,153

(Benefit from) provision for income taxes

48,230

74,119

69,441

58,863

52,487

54,347

53,898

44,158

Net (loss) income

167,365

157,916

144,786

121,253

109,065

104,952

96,243

72,995

Other comprehensive income (loss) - change in net unrealized gain (loss) on securities available for sale (net of deferred income tax (expense) benefit of $(721) and $(2,649) for the three months ended June 30, 2017 and 2016, respectively and $6,764 and $(4,115) for the nine months ended June 30, 2017 and 2016, respectively)

-

-

-

-

-

924

-26,192

2,569

Comprehensive income

-

-

-

-

-

105,876

70,051

75,564

Basic earnings per common share
Weighted average shares outstanding (in shares)

57,154

58,938

58,770

56,563

57,455

57,886

57,886

57,886

Earnings per share (in dollars per share)

2.93

2.68

2.46

2.14

1.90

1.81

1.66

1.26

Diluted earnings per common share
Weighted average shares outstanding (in shares)

57,257

59,131

59,029

56,729

57,500

57,886

57,886

-

Diluted earnings per share (in dollars per share)

2.92

2.67

2.45

2.14

1.90

1.81

1.66

-

Dividends per share
Dividends paid

62,904

53,002

43,474

31,419

20,520

102,000

41,400

41,800

Dividends per share (in dollars per share)

1.10

0.90

0.74

0.56

0.36

1.76

0.72

0.72