Company Quick10K Filing
Great Western Bancorp
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 57 $1,951
10-Q 2020-02-05 Quarter: 2019-12-31
10-K 2019-11-27 Annual: 2019-09-30
10-Q 2019-08-06 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-Q 2019-02-05 Quarter: 2018-12-31
10-K 2018-11-27 Annual: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-08-07
10-Q 2018-05-08 Quarter: 2018-03-31
10-Q 2018-02-07 Quarter: 2017-12-31
10-K 2017-11-28 Annual: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-09 Quarter: 2017-03-31
10-Q 2017-02-09 Quarter: 2016-12-31
10-K 2016-11-29 Annual: 2016-09-30
10-Q 2016-08-11 Quarter: 2016-06-30
10-Q 2016-05-12 Quarter: 2016-03-31
10-Q 2016-02-11 Quarter: 2015-12-31
10-K 2015-12-11 Annual: 2015-09-30
10-Q 2015-08-14 Quarter: 2015-06-30
10-Q 2015-05-14 Quarter: 2015-03-31
10-Q 2015-02-12 Quarter: 2014-12-31
10-K 2014-12-12 Annual: 2014-09-30
8-K 2020-02-06 Officers, Other Events, Exhibits
8-K 2020-02-04 Officers, Shareholder Vote, Other Events
8-K 2020-01-28 Other Events
8-K 2020-01-28 Earnings, Regulation FD, Exhibits
8-K 2019-12-11 Other Events
8-K 2019-11-26 Officers, Exhibits
8-K 2019-10-31 Officers, Exhibits
8-K 2019-10-30 Other Events
8-K 2019-10-24 Other Events
8-K 2019-10-24 Earnings, Regulation FD, Exhibits
8-K 2019-10-01 Other Events
8-K 2019-09-15 Officers, Exhibits
8-K 2019-09-03 Other Events
8-K 2019-08-09 Officers, Exhibits
8-K 2019-07-25 Other Events
8-K 2019-07-25 Earnings, Regulation FD, Exhibits
8-K 2019-07-17 Earnings, Exhibits
8-K 2019-04-25 Earnings, Regulation FD, Exhibits
8-K 2019-04-25 Other Events
8-K 2019-02-21 Shareholder Vote, Other Events
8-K 2019-01-24 Other Events
8-K 2019-01-24 Earnings, Regulation FD, Exhibits
8-K 2018-11-14 Other Events
8-K 2018-10-29 Enter Agreement, Exhibits
8-K 2018-10-25 Other Events
8-K 2018-10-25 Earnings, Regulation FD, Exhibits
8-K 2018-09-14 Other Events
8-K 2018-08-30 Officers, Exhibits
8-K 2018-08-23 Other Events
8-K 2018-07-26 Other Events
8-K 2018-07-26 Earnings, Regulation FD, Exhibits
8-K 2018-07-25 Officers, Exhibits
8-K 2018-05-01
8-K 2018-04-26 Other Events
8-K 2018-04-26 Earnings, Regulation FD, Exhibits
8-K 2018-03-15 Officers
8-K 2018-02-28 Officers, Exhibits
8-K 2018-02-26 Officers, Exhibits
8-K 2018-02-22 Shareholder Vote, Other Events
8-K 2018-02-20 Regulation FD, Exhibits
8-K 2018-01-25 Other Events
8-K 2018-01-25 Earnings, Regulation FD, Exhibits
8-K 2018-01-23 Other Events, Exhibits

Great Western Bancorp Financials

GWB Metrics, Comps, Filings

Annual | Quarterly

Business

We are a full-service regional bank holding company focused on relationship-based business and agri-business banking. We serve our customers through 175 branches in attractive markets in nine states: Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. We were established more than 80 years ago and have achieved strong market positions by developing and maintaining extensive local relationships in the communities we serve. By leveraging our business and agri-business focus, highly efficient operating model, robust approach to risk management and presence in attractive markets, we have achieved steady and profitable growth-both organically and through disciplined acquisitions. We have successfully completed nine acquisitions since 2006, including our 2010 FDIC assisted acquisition of TierOne Bank, which represented approximately $2.54 billion in acquired assets, and our 2016 acquisition of HF Financial, which represented approximately $1.12 billion of acquired assets. Our net income was $167.4 million for fiscal year 2019 and our loans and total assets were $9.73 billion and $12.79 billion, respectively, at September 30, 2019.

We focus on business banking, complemented by our agri-business banking, retail banking and wealth management services. Our loan portfolio consists mainly of business loans, comprised of CRE loans and commercial non-real estate loans, which collectively accounted for 70.0% of our loan portfolio and agri-business loans, which accounted for 20.6% of our total loan portfolio at September 30, 2019. In addition, 70.5% of our aggregate loan portfolio was primarily secured by interests in real estate predominantly located in the states in which we operate, including 52.3% of CRE loans, 9.8% of agriculture real estate loans and 8.4% of residential real estate loans. In addition, some of our other lending occasionally involves taking real estate as primary or secondary collateral. We offer small and mid-sized businesses a focused suite of financial products and have established strong relationships across a diversified range of sectors, including key areas supporting regional growth such as hospitality/tourism, agri-business services, freight and transport and healthcare. We have developed extensive expertise in CRE and agri-business lending, which serves two of the most prominent industries across our markets, and we offer a variety of financial services designed to meet the specific needs of such customers. We also provide a range of deposit and loan products to our retail customers through several channels, including our branch network, online banking system, mobile banking applications and customer care centers. In our wealth management business, we seek to expand our private banking, financial planning, investment management and insurance operations to better position us to capture an increased share of the business of managing the private wealth of many of our business and agri-business customers.

Our banking model seeks to balance the best of being a "big enough" and a "small enough" bank, providing capabilities typical of a much larger bank, such as diversified product specialists, customized banking solutions and multiple delivery channels, with a customer-focused culture usually associated with smaller banks. Our focus on balancing these capabilities with a service-oriented culture is embedded within our operations and is enhanced by focusing on our core competencies. We are well recognized within our markets for our relationship-based banking model that provides for local, efficient decision making. We believe we serve our customers in a manner that is responsive, flexible and accessible. Our relationship bankers strive to build deep, long-term relationships with customers and understand the customers' specific needs to identify appropriate financial solutions. We believe we have been successful in attracting customers and bankers from larger competitors because of our flexible approach and the speed and efficiency with which we provide banking solutions to our customers while maintaining disciplined underwriting standards.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
First Midwest Bancorp (FMBI) 2,218 6.0 1% 17,462 15,162 0 0 188 352 2,125
Simmons First National (SFNC) 2,205 7.0 1% 17,937 15,468 0 0 214 460 3,228
United Community Banks (UCBI) 2,205 0% 7.3 1% 12,779 11,213 416 0 178 298 2,177
WSFS Financial (WSFS) 2,196 0% 7.7 1% 12,157 10,320 560 0 118 217 1,674
First Bancorp (FBP) 2,173 0% 4.0 2% 12,537 10,384 637 0 222 362 1,433
Trustmark (TRMK) 2,108 6.8 1% 13,549 11,930 0 0 148 249 1,703
Renasant (RNST) 2,072 6.1 1% 12,893 10,773 0 0 168 310 1,891
WesBanco (WSBC) 2,062 6.7 1% 12,495 10,421 0 0 162 277 1,867
Pacific Premier Bancorp (PPBI) 2,015 7.5 1% 11,784 9,799 0 0 77 217 1,640
Great Western Bancorp (GWB) 1,951 0% 5.5 1% 12,955 11,074 41 0 159 334 1,835
Hilltop Holdings (HTH) 1,901 3.8 1% 14,266 12,214 0 0 166 374 1,407
Bancfirst (BANF) 1,863 0.7 2% 7,642 6,686 0 0 132 231 158
Ameris Bancorp (ABCB) 1,846 4.5 1% 11,889 10,352 0 0 164 332 1,507
Banner (BANR) 1,832 6.1 1% 11,847 10,326 0 0 148 260 1,586
ServisFirst Bancshares (SFBS) 1,830 3.4 2% 8,740 7,961 0 0 141 275 944
First Merchants (FRME) 1,798 5.7 2% 10,738 9,236 0 0 163 295 1,670
Northwest Bancshares (NWBI) 1,796 21.4 0% 10,505 9,172 0 0 0 79 1,689
Eagle Bancorp (EGBN) 1,754 5.9 2% 8,388 7,240 0 0 156 315 1,850
Hope Bancorp (HOPE) 1,713 2.9 1% 15,339 13,344 0 0 176 455 1,300
Westamerica Bancorporation (WABC) 1,651 16.5 1% 5,523 4,830 0 0 75 100 1,651

Balance Sheet ($MM)2015-09-302016-09-302017-09-302018-09-30
Cash49952754
Accounts Receivable
Inventory
PP&E98119112114
Assets1,5501,77711,69012,117
Accounts Payable
Long-Term Debt112108108
Liabilities911149,93510,276
Stockholders' Equity1,4591,6631,7551,841
Income Statement ($MM)2015-09-302016-09-302017-09-302018-09-30
Revenue8971
Cost of Revenue
Gross Profit
R&D
SG&A
Tax52556974
Net Income109121145158
Cash Flow ($MM)2015-09-302016-09-302017-09-302018-09-30
Cash Operating8466132182
Cash Investing-495-31-379-533
Cash Financing-87-3183289