Great Western Bancorp, Inc. Announces Earnings for Second Quarter Fiscal Year 2020

SIOUX FALLS, S.D.--(BUSINESS WIRE)--Great Western Bancorp, Inc. (NYSE: GWB) today reported net loss of $740.6 million, or $(13.25) per diluted share, for the second quarter of fiscal year 2020, compared to net income of $43.3 million, or $0.77 per diluted share, for the first quarter of fiscal year 2020. Adjusted net income1 which excludes the COVID-19 pandemic impact on goodwill, intangible assets and credit and other related charges, was $29.1 million, or $0.52 per diluted share, compared to $43.3 million, or $0.77 per diluted share.