Great Western Bancorp, Inc. GWB Income Statement

Great western bancorp, inc. (GWB)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13
Interest income
Loans
485,959	496,035	498,935	489,250	479,380	465,941	451,290	440,471	425,542	415,030	407,282	395,596	387,752	376,463	363,728	355,618	347,109	341,311	338,458	336,455	332,012	327,551	324,610	0	0	0
Taxable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	23,140	-	23,523	23,681	23,273	22,973	23,223	23,837	25,081	26,363	0	0	0
Nontaxable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	417	-	100	49	50	51	55	78	79	80	0	0	0
Investment securities
45,191	43,819	41,510	38,220	34,261	31,317	29,171	34,197	33,529	33,054	26,311	37,490	31,083	24,767	24,680	1,081	1,174	1,210	1,247	1,214	1,076	1,017	968	0	0	0
Federal funds sold and other
2,600	2,539	2,472	1,909	1,956	1,686	1,376	1,076	815	807	922	976	970	845	574	379	377	443	652	654	598	555	455	0	0	0
Total interest income
533,750	542,393	542,917	529,379	515,597	498,944	481,837	469,667	453,809	442,814	434,515	422,454	414,084	402,153	388,982	380,701	372,390	366,287	363,381	361,601	357,601	354,283	352,476	0	0	0
Interest expense
Deposits
96,633	104,864	106,718	99,503	87,348	72,908	60,112	50,554	43,572	38,743	35,035	31,566	28,539	26,739	25,114	23,732	23,057	23,012	23,362	23,910	24,453	24,900	25,764	0	0	0
FHLB advances and other borrowings
-	-	-	-	-	-	-	-	-	0	-	-	-	4,649	4,673	528	538	556	563	588	607	600	600	0	0	0
FHLB advances and other borrowings
0	0	-	0	0	0	-	0	0	-	-	5,241	5,147	4,509	-	3,756	3,637	3,601	3,631	3,567	3,451	3,361	3,452	0	0	0
Related party notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	771	923	920	919	921	0	0	0
Subordinated debentures and subordinated notes payable
5,329	5,481	5,540	5,518	5,423	5,240	5,040	4,864	4,655	4,546	4,464	4,374	4,237	4,018	3,737	3,234	2,588	2,034	1,557	1,315	1,310	1,311	1,315	0	0	0
Total interest expense
114,255	121,406	122,209	113,391	100,566	86,835	74,000	64,148	56,074	49,888	45,320	41,420	38,286	35,761	33,524	31,329	30,132	29,742	29,884	30,303	30,741	31,091	32,052	0	0	0
Net interest income
419,495	420,987	420,708	415,988	415,031	412,109	407,837	405,519	397,735	392,926	389,195	381,034	375,798	366,392	355,458	349,372	342,258	336,545	333,497	331,298	326,860	323,192	320,424	0	0	0
Provision for loan and lease losses
107,957	43,835	40,947	43,979	21,417	18,644	17,986	17,657	19,938	19,047	21,539	21,917	21,493	20,115	16,955	13,525	12,563	19,611	19,041	20,157	17,247	4,878	684	0	0	0
Net interest income after provision for loan and lease losses
311,538	377,152	379,761	372,009	393,614	393,465	389,851	387,862	377,797	373,879	367,656	359,117	354,305	346,277	338,503	335,847	329,695	316,934	314,456	311,141	309,613	318,314	319,740	0	0	0
Noninterest income
Service charges and other fees
42,592	43,613	43,893	45,416	47,750	49,588	51,077	51,622	53,539	55,066	55,725	61,809	59,553	56,295	52,925	43,337	40,648	39,203	39,134	39,372	39,440	39,940	40,204	0	0	0
Casualty insurance commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Wealth management fees
10,642	9,637	8,914	9,049	9,057	9,275	9,219	8,764	8,955	9,049	9,118	9,312	8,686	7,925	7,283	6,745	6,910	7,067	7,412	11,225	9,831	8,594	7,228	0	0	0
Mortgage banking income, net
5,294	5,140	4,848	5,030	5,327	5,502	5,842	5,976	6,452	6,926	7,928	9,248	9,089	8,653	7,261	5,810	6,044	6,420	6,694	6,681	6,100	5,467	5,539	0	0	0
Net loss on sale of securities
335	335	-178	-191	-498	-506	6	37	22	74	75	400	534	514	160	63	-71	-95	310	135	135	141	90	0	0	0
Reclassification adjustment for net gain (loss) realized in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-
Trust department income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net increase in fair value of loans at fair value
48,786	27,263	61,412	35,129	11,330	-17,526	-45,407	-32,947	-19,517	-9,895	-65,231	-72,095	-63,957	-22,786	26,314	64,080	25,488	4,741	36,742	6,312	44,592	38,114	11,904	0	0	0
Net realized and unrealized loss on derivatives
-70,793	-31,611	-63,444	-35,259	-6,262	19,052	44,596	28,022	10,841	-1,849	49,900	56,201	43,364	879	-48,658	-88,110	-47,239	-28,044	-62,088	-32,138	-68,881	-59,619	-30,177	0	0	0
Other
4,583	5,368	5,287	5,789	6,432	8,270	8,276	7,621	7,191	4,859	5,699	6,112	5,488	4,787	3,968	3,864	4,917	5,342	5,686	5,479	4,896	5,381	4,993	0	0	0
Total noninterest (loss) income
41,439	59,745	60,732	64,963	73,136	73,655	73,609	69,095	67,483	64,230	63,214	70,987	62,757	56,267	49,253	35,789	36,697	34,634	33,890	33,342	33,651	36,855	39,781	0	0	0
Noninterest expense
Salaries and employee benefits
140,215	137,440	136,305	136,896	138,119	137,254	135,352	132,925	130,671	129,369	128,135	127,510	122,994	115,393	109,055	103,690	101,950	101,854	100,646	99,302	96,816	95,172	95,105	0	0	0
Data processing and communication
24,731	24,572	24,077	24,030	24,973	28,199	29,805	31,613	31,806	29,495	28,288	29,545	27,800	25,871	25,440	21,159	20,191	19,949	19,531	19,636	19,333	19,348	19,548	0	0	0
Occupancy and equipment
20,809	20,751	20,784	20,817	20,857	20,608	20,330	20,916	20,808	20,641	19,817	18,336	17,472	16,192	-	15,076	14,235	14,376	14,809	15,082	16,815	17,317	17,526	0	0	0
Professional fees
16,348	15,055	14,579	16,508	16,882	16,939	17,891	17,067	16,911	16,443	15,038	15,020	14,206	13,299	-	12,647	12,609	13,560	14,024	13,074	13,405	12,907	12,233	0	0	0
Communication expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	19,660	19,554	3,676	3,919	4,216	4,455	4,537	4,552	4,569	4,510	0	0	0
Advertising
4,162	4,420	4,493	4,366	4,481	4,386	4,507	4,394	4,193	4,067	3,983	13,586	13,574	13,627	13,572	4,085	4,234	4,132	3,940	4,231	4,248	4,390	4,746	0	0	0
Equipment expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	4,161	4,267	3,743	3,859	3,853	3,905	4,207	4,209	4,279	4,350	0	0	0
Net loss on repossessed property and other related expenses
6,933	1,646	4,367	6,912	6,622	7,218	4,369	2,061	1,908	1,305	1,749	1,991	2,218	2,031	1,263	314	1,002	3,426	5,382	16,604	13,973	11,061	8,644	0	0	0
Goodwill and intangible assets impairment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of core deposits and other intangibles
-	-	-	-	-	-	-	-	-	-	-	2,952	3,236	3,394	3,264	2,947	3,901	5,506	7,110	9,169	11,462	13,840	16,215	0	0	0
Acquisition expenses
-	-	-	-	-	-	-	-	-	-	710	3,452	15,631	16,402	15,692	12,950	0	0	-	0	-	-	-	-	-	-
Other
21,045	20,838	20,293	19,707	19,165	19,059	19,171	21,996	21,196	20,331	18,923	15,378	15,192	15,258	15,533	14,845	13,669	13,051	12,992	4,435	13,312	16,131	17,345	0	0	0
Total noninterest expense
976,595	224,722	224,898	229,236	231,099	233,663	231,425	227,207	224,266	218,974	216,643	218,654	224,954	215,957	207,640	195,132	180,340	183,923	186,794	190,277	198,125	199,014	200,222	0	0	0
(Loss) income before income taxes
-623,618	212,175	215,595	207,736	235,651	233,457	232,035	229,750	221,014	219,135	214,227	211,450	192,108	186,587	180,116	176,504	186,052	167,645	161,552	154,206	145,139	156,155	159,299	0	0	0
(Benefit from) provision for income taxes
-3,342	47,322	48,230	48,376	57,200	58,985	74,119	76,453	78,531	82,022	69,441	70,567	59,925	58,892	58,863	55,197	62,273	54,816	52,487	51,078	48,341	53,110	54,347	0	0	0
Net (loss) income
-620,276	164,853	167,365	159,360	178,451	174,472	157,916	153,297	142,483	137,113	144,786	140,883	132,183	127,695	121,253	121,307	123,779	112,829	109,065	103,128	96,798	103,045	104,952	0	0	0
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)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	674	9,325	10,493	924	0	0	0
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	132,072	126,377	110,582	-	103,802	106,123	113,538	105,876	0	0	0
Basic earnings per common share
Weighted average shares outstanding (in shares)
55,906	56,377	56,654	56,995	56,994	57,974	58,959	58,948	58,941	58,902	58,753	58,790	58,788	58,750	58,717	57,012	55,269	55,253	56,130	57,898	57,898	57,895	57,886	57,886	57,886	57,886
Earnings per share (in dollars per share)
-13.25	0.77	0.89	0.47	0.78	0.79	0.71	0.78	0.69	0.50	0.63	0.60	0.60	0.63	0.57	0.46	0.56	0.55	0.60	0.50	0.34	0.46	0.48	0.39	0.45	0.49
Diluted earnings per common share
Weighted average shares outstanding (in shares)
55,906	56,457	56,804	57,110	57,074	58,039	59,122	59,170	59,146	59,087	58,921	59,130	59,073	58,991	58,938	57,176	55,408	55,393	56,231	57,959	57,916	57,895	57,886	57,886	57,886	57,886
Diluted earnings per share (in dollars per share)
-13.25	0.77	0.88	0.47	0.78	0.79	0.71	0.78	0.69	0.49	0.63	0.59	0.60	0.63	0.58	0.46	0.55	0.55	0.60	0.50	0.34	0.46	0.48	0.39	0.45	0.49
Dividends per share
Dividends paid
67,787	65,253	62,904	60,580	58,223	55,768	53,002	50,026	47,054	45,263	43,474	39,940	35,922	33,667	31,419	29,828	29,040	28,253	20,520	13,893	40,947	68,000	102,000	0	0	0
Dividends per share (in dollars per share)
0.30	0.30	0.30	0.30	0.25	0.25	0.25	0.25	0.20	0.20	0.20	0.20	0.17	0.17	0.14	0.14	0.14	0.14	0.12	0.12	0.12	0.00	-0.00	0.59	0.59	0.59