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GWB - Great Western Bancorp: Hotel Exposure Creates Risks
Great Western Bancorp Inc.
Earnings of Great Western Bancorp, Inc. (NYSE: GWB) declined to $0.10 per share in the June-ending quarter from adjusted earnings of $0.52 per share in the March-ending quarter of 2020. The earnings decline was mostly attributable to a decrease in the value of loans at fair value. Earnings will likely remain under pressure in the quarters ahead because of elevated provision expense. Moreover, the net interest margin will likely pressurize earnings. Overall, I’m expecting earnings to decline further in the September-ending quarter, leading to adjusted earnings of $1.45 per share for the fiscal year