Great Western Bancorp (Great Western Bancorp) Credit Losses Provision : $-45.6 Mil (As of Sep. 2021)

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What is Great Western Bancorp Credit Losses Provision?

Great Western Bancorp's credit losses provision for the three months ended in Sep. 2021 was $-20.9 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2021 was $-45.6 Mil.

Great Western Bancorp's quarterly credit losses provision declined from Mar. 2021 ($-5.0 Mil) to Jun. 2021 ($-20.7 Mil) and declined from Jun. 2021 ($-20.7 Mil) to Sep. 2021 ($-20.9 Mil).

Great Western Bancorp's annual credit losses provision increased from Sep. 2019 ($40.9 Mil) to Sep. 2020 ($118.4 Mil) but then declined from Sep. 2020 ($118.4 Mil) to Sep. 2021 ($-34.7 Mil).

Great Western Bancorp Credit Losses Provision Historical Data

The historical data trend for Great Western Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Great Western Bancorp Credit Losses Provision Chart

Great Western Bancorp Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Credit Losses Provision

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21.54

17.99

40.95

118.39

-34.73

Great Western Bancorp Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Credit Losses Provision	Get a 7-Day Free Trial															11.90	-5.00	-20.70	-20.93	0.99

Great Western Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-45.6 Mil.

Great Western Bancorp (Great Western Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Great Western Bancorp Inc (NYSE:GWB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 South Main Avenue, Sioux Falls, SD, USA, 57104

Website

https://www.greatwesternbank.com

Great Western Bancorp Inc is a bank holding company. The company principally operates through its wholly owned subsidiary, Great Western Bank. The bank is a full-service regional bank focused on relationship-based banking and agri-business banking primarily in the Midwest, as well as the Southwest region of the United States. The bank's strategy does not emphasize building-specific lines of business or geographic segments but instead prefers to work as an integrated unit providing customized solutions for its customers. The company, therefore, reports only through one segment. A plurality of its loan portfolio is in commercial real estate, followed by agricultural loans. The vast majority of the company's net revenue comes from net interest income.

Executives

Andrew James Pederson	officer: Head of P&C and L&D	C/O GREAT WESTERN BANCORP, INC. 225 S MAIN AVENUE SIOUX FALLS SD 57104
Karlyn M Knieriem	officer: EVP and Chief Risk Officer	C/O GREAT WESTERN BANCORP, INC., 225 S MAIN AVENUE, SIOUX FALLS SD 57104
Donald J Straka	officer: General Counsel and Secretary	C/O GREAT WESTERN BANCORP, INC., 225 S MAIN AVENUE, SIOUX FALLS SD 57104
Mark Charles Borrecco	director, officer: President and CEO	C/O GREAT WESTERN BANCORP, INC. 225 S MAIN AVENUE SIOUX FALLS SD 57104
Frances Pallas Grieb	director	C/O GREAT WESTERN BANCORP, INC., 100 NORTH PHILLIPS AVE., SIOUX FALLS SD 57104
James Brannen	director	5400 UNIVERSITY AVENUE, WEST DES MOINES IA 50266
Douglas Richard Bass	officer: Regional President and EVP	C/O GREAT WESTERN BANCORP, INC. 100 NORTH PHILLIPS AVE. SIOUX FALLS SD 57104
Peter Robert Chapman	officer: EVP and CFO	C/O GREAT WESTERN BANCORP, INC., 100 NORTH PHILLIPS AVE., SIOUX FALLS SD 57104
Stephen W. Yose	officer: EVP & Chief Credit Officer	PO BOX 30918, BILLINGS MT 59116
Thomas Edward Henning	director	121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508
Timothy Roy Kintner	officer: Regional Pres. and Former EVP	C/O GREAT WESTERN BANCORP, INC. 225 S MAIN AVENUE SIOUX FALLS SD 57104
Stephen Mark Lacy	director	C/O GREAT WESTERN BANCORP, INC., 100 NORTH PHILLIPS AVE, SIOUX FALLS SD 57104
Scott Edward Erkonen	officer: Chief Information Officer	C/O GREAT WESTERN BANCORP, INC., 225 S MAIN AVENUE, SIOUX FALLS SD 57104
Michael Gough	officer: Former EVP and CCO	C/O GREAT WESTERN BANCORP, INC. 225 S MAIN AVENUE SIOUX FALLS SD 57104
James Israel	director	ONE JOHN DEERE PLACE, MOLINE IL 61265