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GWB - Great Western Bancorp Offering Attractive Total Return
Great Western Bancorp Inc.
Earnings of Great Western Bancorp (GWB), a bank holding company, declined in the June 2019 ending quarter (3QFY19) due to a surprise jump in provisions charge for credit losses. We expect credit quality in GWB's problem area - agriculture - to improve in the coming quarters, which will help the company resume its earnings growth. We expect earnings to be driven by loan growth as well.
Provisions Charges to Normalize
GWB’s provisions charge for credit losses surged in 3QFY19, mostly due to the milk industry, according to the latest investor conference call.