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GWB - Great Western Bancorp: Margin Compression To Counter Credit Quality Improvement
Great Western Bancorp Inc.
Earnings of Great Western Bancorp (GWB) are likely to dip this year partially due to net interest margin contraction following the Fed funds rate cut. Moreover, the loan portfolio is likely to decrease in size, which will further pressurize earnings this year. On the other hand, an improvement in the dynamics of the dairy industry will likely lead to a fall in provisions charges, which will support the bottom-line. Furthermore, non-interest income is likely to increase this year after suffering from one-off losses last year. Overall, I’m expecting GWB’s earnings to dip by