8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT Pursuant

to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 28, 2015

GREAT WESTERN BANCORP, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

001-36688	47-1308512
(Commission File Number)	(IRS Employer Identification No.)
100 North Phillips Avenue
Sioux Falls, South Dakota	57104
(Address of Principal Executive Offices)	(Zip Code)

(605) 334-2548

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

On April 28, 2015, Great Western Bancorp, Inc. ("Great Western" and, together with its consolidated subsidiaries, the “Company”) announced its earnings for the second quarter ended March 31, 2015. A copy of Great Western's press release containing this information is attached as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference.

Item 7.01. Regulation FD Disclosure.

A copy of the slide presentation relating to the Company’s earnings results for use on the conference call being held for investors and analysts is being furnished as Exhibit 99.2 to this report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press release of Great Western dated April 28, 2015, containing financial information for the quarter and fiscal year to date periods ended March 31, 2015.
99.2	Slide presentation for conference call for investors and analysts on April 28, 2015.

All information provided in this Report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of Great Western under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such a filing.

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be filed on its behalf by the undersigned hereunto duly authorized.

	GREAT WESTERN BANCORP,INC.
Date: April 28, 2015	By:          /s/ Peter Chapman
	Name:          Peter Chapman
	Title:          Chief Financial Officer and Executive Vice President

INDEX TO EXHIBITS

Exhibit No.	Description
99.1	Press release of the registrant dated April 28, 2015, containing financial information for the quarter and fiscal year to date periods ended March 31, 2015.
99.2	Slide presentation for conference call for investors and analysts on April 28, 2015.

EX-99.1

Exhibit 99.1

Great Western Bancorp, Inc. Announces Fiscal Year 2015 Second Quarter Financial Results

Financial Highlights

• Second quarter net income was $19.7 million, or $0.34 per share, bringing fiscal year-to-date net income to $46.4 million, or $0.80 per share

• Continuing noninterest expense management contributed to an efficiency ratio¹ of 51.7% for the quarter

• Total loans grew $85.7 million during the quarter and are up $285.0 million, or 4.2%, compared to September 30, 2014

• Deposit growth of $248.5 million during the quarter fully funded expansion of the loan portfolio and allowed for seasonal paydown of FHLB borrowings

Sioux Falls, SD - April 28, 2015 - Great Western Bancorp, Inc. (NYSE: GWB) today reported net income of $19.7 million, or $0.34 per share, for the quarter ended March 31, 2015, compared to net income of $26.0 million, or $0.45 per share, for the same quarter of fiscal year 2014. As previously disclosed, higher total credit-related charges of approximately $14 million incurred during the quarter drove lower net income. Provision for loan losses was $9.7 million in the current quarter compared to $(2.7) million (i.e., release of provision for loan losses) in the second quarter of fiscal year 2014, a pre-tax increase of $12.4 million. Increased net interest income and lower noninterest expense partially offset the increase in credit-related charges. Fiscal year-to-date net income was $46.4 million, or $0.80 per share, compared to $54.6 million, or $0.94 per share, for the same period of fiscal year 2014.

"Great Western Bank delivered a number of positive outcomes during the quarter. We are pleased with the balance sheet growth we attained during the quarter and continue to be very proud of our strong efficiency ratio and commitment to expense management," said Ken Karels, President and Chief Executive Officer. "We were proactive in addressing the higher credit-related charges incurred during the quarter and, while we are disappointed in the magnitude of the impact, we remain focused on risk management and believe these charges are isolated in nature and not indicative of a more systemic issue."

Net Interest Income and Net Interest Margin² 

Net interest income increased $4.1 million, or 5%, from $78.1 million for the second quarter of fiscal year 2014 to $82.2 million for the second quarter of fiscal year 2015. Higher interest income on loans, driven by strong year-over-year growth, and lower deposit interest expense drove the increase, which was partially offset by lower interest income from the investment portfolio caused primarily by lower asset yields and a smaller portfolio size.

Net interest margin was 3.89%, 3.91% and 3.96%, respectively, for the quarters ended March 31, 2015, December 31, 2014, and March 31, 2014 and 3.90% and 3.99%, respectively, for the six months ended March 31, 2015 and March 31, 2014. Adjusted net interest margin¹, which adjusts for the realized gain (loss) on interest rate swaps, was 3.64%, 3.67% and 3.73%, respectively, and 3.66% and 3.77%, respectively, for the same periods. Net interest margin and adjusted net interest margin¹ declined compared to the second quarter of fiscal year 2014 primarily due to reduced asset yields and a higher average cash balance. Pricing on new loans continued to be impacted by competitive pressures in the market and the continued near-zero benchmark interest rate environment, while investment portfolio yields have also declined. These reductions in asset yields were partially offset by a 4 basis point reduction in the cost of deposits over the same period, driven in part by a continued favorable change in deposit mix.

Loan growth for the quarter ended March 31, 2015 was $85.7 million, bringing fiscal year-to-date growth to $285.0 million, an increase of 4.2% compared to September 30, 2014. Year-to-date growth remains balanced across the business and agriculture lending components of the portfolio including commercial non-real estate, commercial real estate and agriculture. Consistent with management's expectations at the end of the first fiscal quarter, the agriculture portfolio did contract slightly during the quarter as a result of clients' calendar year-end tax planning.

¹ This is a non-GAAP measure management believes is helpful to understanding trends in the business that may not be fully apparent based only on the most comparable GAAP measure. Further information on this measure and a reconciliation to the most comparable GAAP measure is provided at the end of this document.

² All references to net interest income and net interest margin are presented on a fully-tax equivalent basis unless otherwise noted.

Exhibit 99.1

Deposits grew by $248.5 million during the quarter and by $435.5 million, or 6.2%, compared to September 30, 2014. Deposit growth is typically most robust in the first and second fiscal quarters and some seasonal contraction is expected in the third fiscal quarter. The average cost of deposits for the quarter was 0.33%, down 4 basis points compared to the same quarter in fiscal year 2014, driven in part by continuing change in deposit mix.

Provision for Loan Losses and Asset Quality

Provision for loan losses was $9.7 million for the quarter ended March 31, 2015, compared to $(2.7) million (i.e., release of provision for loan losses) in the same quarter of fiscal year 2014. As previously disclosed on March 9, 2015, the provision recorded during the quarter was mainly driven by a small number of Commercial & Industrial lending exposures that deteriorated during the quarter. The credits are not concentrated by industry or geography. Management believes the higher charges are driven by customer-specific developments and are not indicative of credit concerns across the portfolio. Net charge-offs for the quarter were $9.1 million, or 0.52% of total loans on an annualized basis, bringing fiscal year-to-date net charge-offs to $8.1 million, or 0.23% of total loans on an annualized basis. For the comparable periods in fiscal year 2014, net charge-offs were $6.2 million, or 0.39% of total loans on an annualized basis, and $5.1 million, or 0.16% of loans on an annualized basis, respectively. The ratio of allowance for loan losses to total loans increased from 0.70% at September 30, 2014 to 0.74% at March 31, 2015.

At March 31, 2015, nonperforming loans were $74.3 million, with $27.8 million of the balance covered by FDIC loss-sharing arrangements. Total nonperforming loans represent a 6% decrease compared to September 30, 2014 and a 9% increase compared to December 31, 2014. OREO balances have declined by $6.0 million since September 30, 2014, with $8.6 million of the $43.6 million of total OREO as of March 31, 2015 covered by FDIC loss-sharing arrangements. Loans on "Watch" status were $384.4 million as of March 31, 2015, an increase of 34% compared to September 30, 2014. Some of the increase reflected ongoing proactive management of credit exposures and some of the increase resulted from a broad-based review of the loan portfolio performed in conjunction with the announcement of elevated credit-related charges on March 9. Management does not anticipate a significant negative trend in future charge-offs as a result of the increase in "Watch" loans.

A summary of total credit-related charges incurred during the current, prior and comparable quarters is presented below:

GREAT WESTERN BANCORP, INC.
Summary of Credit-Related Charges (Unaudited)
(Dollars in thousands)		For the three months ended:
Item	Included within F/S Line Item(s):	March 31, 2015		December 31, 2014			March 31, 2014
Provision for loan losses	Provision for loan losses	$	9,679	$	3,319		$	(2,690	)
Net OREO charges	1) Net (gain) loss from sale of repossessed property and other assets 2) Other noninterest expense	2,634		1,846			1,219
Reversal of interest income on nonaccrual loans	Interest income on loans	517		(162		)	6
Loan fair value adjustment related to credit	Net increase (decrease) in fair value of loans at fair value	1,184		2,223			(683		)
Total		$	14,014	$	7,226		$	(2,148	)

Noninterest Income

Noninterest income was $6.9 million for the quarter ended March 31, 2015, a decrease of $3.2 million, or 32%, compared to the second quarter of fiscal year 2014. Included within noninterest income are the changes in fair value of certain loans for which the Company has elected the fair value option and the net gain (loss), realized and unrealized, of the related derivatives used to manage the interest rate risk on these loans. On a net basis, these two components of noninterest income accounted for $2.8 million, or 87%, of the period-over-period decrease, driven primarily by fair value adjustments related to credit outlined above.

Aside from the increased net charges related to loans at fair value and the related derivatives, noninterest income declined 3% compared to the second quarter of fiscal year 2014. Service charges and other fees and other noninterest income each decreased by $0.5 million, while net gain on sale of mortgage loans increased by $0.6 million based on higher volumes in that line of business.

Exhibit 99.1

Noninterest Expense

Total noninterest expense was $48.4 million for the quarter ended March 31, 2015, a decrease of 2% or $0.9 million compared to the same quarter in fiscal year 2014. The decrease in noninterest expense was driven in large part by a $2.4 million decrease in amortization of intangible assets and a reduction in net occupancy expenses as a result of branch closures completed in prior fiscal periods. These decreases were partially offset by higher salaries and employee benefits, driven largely by favorable nonrecurring events in the comparable period, higher professional fees, primarily attributable to the higher cost of operating as a public company, and a $1.4 million increase in net OREO expenses. The efficiency ratio¹ was 51.7% for the quarter, compared to 50.6% for the same quarter of fiscal year 2014, and was a very positive 50.1% through the first six months of fiscal year 2015.

Capital

Tier 1 and total capital ratios were 11.5% and 12.6%, respectively, as of March 31, 2015, compared to 11.8% and 12.9%, respectively, as of September 30, 2014. The common equity tier 1 capital ratio was 10.7% as of March 31, 2015. The decreases were driven by the adoption of Basel III capital conventions on January 1, 2015, applicable to all banks, which increased risk weighted assets by approximately $270 million mainly as a result of new requirements related to unused lines of credit and, to a lesser extent, high-volatility commercial real estate. The risk weighted asset increases related to Basel III adoption were partially offset by increased retained earnings driven by two quarters' of net income net of the first quarter fiscal year 2015 dividend paid in February 2015.

This morning, the Company’s board of directors declared a dividend of $0.12 per common share payable on May 29, 2015 to owners of record as of close of business on May 15, 2015. The aggregate dividend payment will be $6.9 million.

Business Outlook

"We continue to be optimistic about our loan and deposit pipelines, though we do expect some seasonal deposit outflow in the coming quarter," added Karels. "We will begin to realize cost savings related to the branches we closed at the end of March and are very excited about a number of key hires of very talented individuals that we have made recently, which we believe will help GWB continue to deliver strong growth and profitability on the front line and allow us to meet our more stringent reporting and compliance requirements as a public company."

Conference Call

Great Western Bancorp, Inc. will host a conference call to discuss its financial results for the second quarter of fiscal year 2015 on Tuesday, April 28, 2015 at 7:30 AM (CT). The call can be accessed by dialing (855) 238-8837 approximately 10 minutes prior to the start time. Please ask to be joined into the Great Western Bancorp, Inc. (GWB) call. International callers should dial (412) 542-4114. The call will also be broadcast live over the Internet and can be accessed in the Investor Relations section of Great Western’s website at www.greatwesternbank.com. A replay will be available beginning one hour following the conference call and ending on May 13, 2015. To access the replay, dial (877) 344-7529 (U.S.) and use conference ID #10064376. International callers should dial (412) 317-0088 and enter the same conference ID number.

About Great Western Bancorp, Inc.

Great Western Bancorp, Inc. is the holding company for Great Western Bank, a full-service regional bank focused on relationship-based business and agribusiness banking. Great Western Bank offers small and mid-sized businesses a focused suite of financial products and a range of deposit and loan products to retail customers through several channels, including the branch network, online banking system, mobile banking applications and customer care centers. The bank services its customers through 158 branches in seven states: South Dakota, Iowa, Nebraska, Colorado, Arizona, Kansas and Missouri. To learn more about Great Western Bank visit www.greatwesternbank.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements about Great Western Bancorp, Inc.’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipates,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. In particular, the statements included in this press release concerning Great Western Bancorp, Inc.’s expected performance and strategy, and the interest rate environment, in fiscal year 2015 are not historical facts and are forward-looking. Accordingly, the forward-looking statements in this press release are only predictions and involve estimates, known and

Exhibit 99.1

unknown risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed. All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations, and, therefore, you are cautioned not to place undue reliance on such statements. Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the sections titled “Item 1A. Risk Factors” and "Cautionary Note Regarding Forward-Looking Statements" in Great Western Bancorp, Inc.’s Annual Report on Form 10-K for the fiscal year ended September 30, 2014 and Quarterly Report on Form 10-Q for the period ended December 31, 2014. Further, any forward-looking statement speaks only as of the date on which it is made, and Great Western undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

Exhibit 99.1

GREAT WESTERN BANCORP, INC.
Consolidated Financial Data (Unaudited)
(Dollars in thousands except per share amounts)
	At or for the six months ended						At or for the three months ended
	March 31, 2015			March 31, 2014			March 31, 2015			December 31, 2014			September 30, 2014			June 30, 2014			March 31, 2014
Operating Data:
Interest and dividend income (FTE)	$	181,876		$	175,796		$	89,794		$	92,082		$	92,265		$	89,078		$	85,993
Interest expense	15,248			16,559			7,579			7,669			7,715			7,778			7,929
Noninterest income	14,836			20,966			6,936			7,900			8,501			10,314			10,140
Noninterest expense	95,529			97,626			48,438			47,091			48,318			54,278			49,327
Provision for loan losses	12,998			(3,565		)	9,679			3,319			2,749			1,500			(2,690		)
Net income	46,421			54,575			19,724			26,697			27,875			22,502			25,971
Earnings per common share2	$	0.80		$	0.94		$	0.34		$	0.46		$	0.48		$	0.39		$	0.45
Performance Ratios:
Net interest margin (FTE)3	3.90		%	3.99		%	3.89		%	3.91		%	4.10		%	4.03		%	3.96		%
Adjusted net interest margin (FTE)1 3	3.66		%	3.77		%	3.64		%	3.67		%	3.86		%	3.80		%	3.73		%
Return on average total assets3	0.96		%	1.19		%	0.83		%	1.10		%	1.19		%	0.98		%	1.15		%
Return on average common equity3	6.44		%	7.70		%	5.49		%	7.39		%	7.69		%	6.25		%	7.41		%
Return on average tangible common equity1 3	13.8		%	17.9		%	11.8		%	15.8		%	16.3		%	14.2		%	17.3		%
Efficiency ratio1	50.1		%	49.0		%	51.7		%	48.5		%	49.0		%	54.8		%	50.6		%
Capital:
Tier 1 capital ratio	11.5		%	12.4		%	11.5		%	11.8		%	11.8		%	12.1		%	12.4		%
Total capital ratio	12.6		%	13.6		%	12.6		%	12.9		%	12.9		%	13.1		%	13.6		%
Tier 1 leverage ratio	9.3		%	9.4		%	9.3		%	9.1		%	9.1		%	9.3		%	9.4		%
Common equity tier 1 ratio	10.7		%	*			10.7		%	*			*			*			*
Tangible common equity / tangible assets1	8.4		%	8.4		%	8.4		%	8.3		%	8.2		%	8.3		%	8.4		%
Asset Quality:
Nonperforming loans	$	74,332		$	91,567		$	74,332		$	68,454		$	78,905		$	80,838		$	91,567
OREO	$	43,565		$	77,223		$	43,565		$	43,442		$	49,580		$	54,190		$	77,223
Nonperforming loans / total loans	1.05		%	1.40		%	1.05		%	0.98		%	1.16		%	1.21		%	1.40		%
Net charge-offs (recoveries)	$	8,090		$	5,146		$	9,073		$	(983	)	$	2,269		$	1,615		$	6,226
Net charge-offs (recoveries) / average total loans3	0.23		%	0.16		%	0.52		%	(0.06		)%	0.13		%	0.10		%	0.39		%
Allowance for loan losses / total loans	0.74		%	0.72		%	0.74		%	0.74		%	0.70		%	0.70		%	0.72		%
Watch-rated loans	$	384,448		$	209,134		$	384,448		$	275,473		$	287,723		$	266,416		$	209,134
1 This is a non-GAAP financial measure management believes is helpful to interpreting our financial results. See the tables at the end of this document for the calculation of the measure and reconciliation to the most comparable GAAP measure.
2 Share dilution calculated for the quarter and fiscal year-to-date periods was minimal and, as such, diluted EPS equals EPS for all periods presented.
3 Annualized for all partial-year periods.
* Not applicable for period presented.

Exhibit 99.1

GREAT WESTERN BANCORP, INC.
Consolidated Income Statement (Unaudited)
(Dollars in thousands)
	For the six months ended						For the three months ended
	March 31, 2015			March 31, 2014			March 31, 2015			December 31, 2014			September 30, 2014			June 30, 2014			March 31, 2014
Interest and dividend income
Loans	$	166,738		$	159,336		$	82,394		$	84,344		$	84,477		$	80,797		$	77,933
Taxable securities	11,066			13,592			5,379			5,687			6,173			6,598			6,623
Nontaxable securities	26			28			13			13			19			33			14
Dividends on securities	508			400			258			250			217			351			199
Federal funds sold and other	444			301			160			284			55			99			117
Total interest and dividend income	178,782			173,657			88,204			90,578			90,941			87,878			84,886
Interest expense
Deposits	11,999			13,310			5,984			6,015			6,135			6,319			6,431
Securities sold under agreements to repurchase	296			289			150			146			158			153			143
FHLB advances and other borrowings	1,839			1,840			893			946			861			751			803
Related party notes payable	459			460			227			232			231			230			226
Subordinated debentures and other	655			660			325			330			330			325			326
Total interest expense	15,248			16,559			7,579			7,669			7,715			7,778			7,929
Net interest income	163,534			157,098			80,625			82,909			83,226			80,100			76,957
Provision for loan losses	12,998			(3,565		)	9,679			3,319			2,749			1,500			(2,690		)
Net interest income after provision for loan losses	150,536			160,663			70,946			79,590			80,477			78,600			79,647
Noninterest income
Service charges and other fees	19,269			20,033			8,871			10,398			10,476			9,695			9,371
Net gain on sale of loans	3,124			2,563			1,580			1,544			1,654			1,322			947
Casualty insurance commissions	549			557			233			316			196			320			299
Investment center income	1,227			1,179			654			573			660			578			588
Net gain on sale of securities	51			6			—			51			84			—			6
Trust department income	2,006			1,905			938			1,068			891			942			1,000
Net increase (decrease) in fair value of loans at fair value	32,308			(380		)	15,208			17,100			(1,602		)	13,886			8,730
Net realized and unrealized gain (loss) on derivatives	(46,303		)	(7,599		)	(21,698		)	(24,605		)	(4,781		)	(17,797		)	(12,436		)
Other	2,605			2,702			1,150			1,455			923			1,368			1,635
Total noninterest income	14,836			20,966			6,936			7,900			8,501			10,314			10,140
Noninterest expense
Salaries and employee benefits	48,761			47,050			24,673			24,088			23,929			24,126			23,029
Occupancy expenses, net	8,008			8,719			3,984			4,024			3,913			4,894			4,486
Data processing	9,536			9,751			4,708			4,828			5,443			4,354			4,723
Equipment expenses	1,881			2,022			925			956			1,251			1,077			995
Advertising	1,674			2,172			946			728			1,361			1,213			1,088
Communication expenses	2,398			2,356			1,225			1,173			1,108			1,046			1,242
Professional fees	7,175			6,003			3,603			3,572			2,610			3,620			3,105
Net (gain) loss from sale of repossessed property and other assets	(384		)	(849		)	(16		)	(368		)	(38		)	(1,564		)	(278		)
Amortization of core deposits and other intangibles	4,626			9,379			2,313			2,313			2,767			4,069			4,691
Other	11,854			11,023			6,077			5,777			5,974			11,443			6,246
Total noninterest expense	95,529			97,626			48,438			47,091			48,318			54,278			49,327
Income before income taxes	69,843			84,003			29,444			40,399			40,660			34,636			40,460
Provision for income taxes	23,422			29,428			9,720			13,702			12,785			12,134			14,489
Net income	$	46,421		$	54,575		$	19,724		$	26,697		$	27,875		$	22,502		$	25,971

Exhibit 99.1

GREAT WESTERN BANCORP, INC.
Summarized Consolidated Balance Sheet (Unaudited)
(Dollars in thousands)
	As of
	March 31, 2015			December 31, 2014			September 30, 2014			June 30, 2014			March 31, 2014
Assets
Cash and due from banks	$	358,440		$	428,186		$	256,639		$	235,077		$	423,148
Securities	1,402,508			1,263,983			1,341,242			1,395,768			1,316,338
Total loans	7,072,465			6,986,765			6,787,467			6,678,501			6,531,763
Allowance for loan losses	(52,426		)	(51,820		)	(47,518		)	(47,038		)	(47,153		)
Loans, net	7,020,039			6,934,945			6,739,949			6,631,463			6,484,610
Goodwill and other intangible assets	707,410			709,723			712,036			714,803			718,872
Other assets	293,248			304,424			321,563			315,172			331,912
Total assets	$	9,781,645		$	9,641,261		$	9,371,429		$	9,292,283		$	9,274,880
Liabilities and stockholders' equity
Noninterest-bearing deposits	$	1,374,589		$	1,381,887		$	1,303,015		$	1,294,131		$	1,268,925
Interest-bearing deposits	6,113,109			5,857,319			5,749,165			5,772,981			5,983,759
Total deposits	7,487,698			7,239,206			7,052,180			7,067,112			7,252,684
Securities sold under agreements to repurchase	163,343			190,585			161,687			185,620			204,793
FHLB advances and other borrowings	475,019			575,085			575,094			435,097			230,100
Other liabilities	186,033			185,015			161,378			173,490			149,647
Total liabilities	8,312,093			8,189,891			7,950,339			7,861,319			7,837,224
Stockholders' equity	1,469,552			1,451,370			1,421,090			1,430,964			1,437,656
Total liabilities and stockholders' equity	$	9,781,645		$	9,641,261		$	9,371,429		$	9,292,283		$	9,274,880

GREAT WESTERN BANCORP, INC.
Loan Portfolio Summary (Unaudited)
(Dollars in thousands)
	As of
	March 31, 2015			September 30, 2014			Change ($)			Change (%)
Commercial non-real estate	$	1,657,856		$	1,571,640		$	86,216		5.5	%
Agriculture	1,748,366			1,681,209			67,157			4.0	%
Construction and development	310,011			314,000			(3,989		)	(1.3	)%
Owner-occupied CRE	1,110,074			1,151,868			(41,794		)	(3.6	)%
Non-owner-occupied CRE	1,011,274			922,395			88,879			9.6	%
Multifamily residential real estate	241,896			152,931			88,965			58.2	%
Commercial real estate	2,673,255			2,541,194			132,061			5.2	%
Residential real estate	905,114			901,605			3,509			0.4	%
Consumer	80,036			90,086			(10,050		)	(11.2	)%
Other1	35,433			34,243			1,190			3.5	%
Total unpaid principal balance	7,100,060			6,819,977			280,083			4.1	%
Less: Unamortized discount on acquired loans and unearned net deferred fees and costs and loans in process	(27,595		)	(32,510		)	4,915			(15.1	)%
Total loans	$	7,072,465		$	6,787,467		$	284,998		4.2	%
1 Other loans primarily include consumer and commercial credit cards and customer deposit account overdrafts.

Exhibit 99.1

GREAT WESTERN BANCORP, INC.
Net Interest Margin (FTE) (Unaudited)
(Dollars in thousands)
	For the three months ended
	March 31, 2015						December 31, 2014						March 31, 2014
	Average Balance		Interest (FTE)1		Yield / Cost2		Average Balance		Interest (FTE)1		Yield / Cost2		Average Balance		Interest (FTE)1		Yield / Cost2
Assets
Cash and due from banks	$	265,929	$	160	0.24	%	$	442,902	$	284	0.25	%	$	191,031	$	117	0.25	%
Investment securities	1,334,460		5,650		1.72	%	1,336,235		5,950		1.77	%	1,381,475		6,836		2.01	%
Loans, other than loans acquired with deteriorated credit quality, net	6,828,510		81,907		4.86	%	6,626,507		82,876		4.96	%	6,224,179		78,155		5.09	%
Loans acquired with deteriorated credit quality, net	131,578		2,077		6.40	%	151,044		2,972		7.81	%	204,428		885		1.76	%
Loans, net	6,960,088		83,984		4.89	%	6,777,551		85,848		5.03	%	6,428,607		79,040		4.99	%
Total interest-earning assets	8,560,477		89,794		4.25	%	8,556,688		92,082		4.27	%	8,001,113		85,993		4.36	%
Noninterest-earning assets	1,090,176						1,109,386						1,155,039
Total assets	$	9,650,653	$	89,794	3.77	%	$	9,666,074	$	92,082	3.78	%	$	9,156,152	$	85,993	3.81	%
Liabilities and Stockholders' Equity
Noninterest-bearing deposits	$	1,282,530					$	1,492,262					$	1,216,315
NOW, MMDA and savings deposits	4,447,606		$	3,266	0.30	%	4,149,871		$	2,651	0.25	%	3,978,103		$	2,318	0.24	%
CDs	1,567,763		2,718		0.70	%	1,683,865		3,364		0.79	%	1,940,266		4,113		0.86	%
Total deposits	7,297,899		5,984		0.33	%	7,325,998		6,015		0.33	%	7,134,684		6,431		0.37	%
Securities sold under agreements to repurchase	182,386		150		0.33	%	167,835		146		0.35	%	192,333		143		0.30	%
FHLB advances and other borrowings	528,571		893		0.69	%	566,486		946		0.66	%	259,056		803		1.26	%
Related party notes payable	41,295		227		2.23	%	41,295		232		2.23	%	41,295		226		2.22	%
Subordinated debentures and other	56,083		325		2.35	%	56,083		330		2.33	%	56,083		326		2.36	%
Total borrowings	808,335		1,595		0.80	%	831,699		1,654		0.79	%	548,767		1,498		1.11	%
Total interest-bearing liabilities	8,106,234		$	7,579	0.38	%	8,157,697		$	7,669	0.37	%	7,683,451		$	7,929	0.42	%
Noninterest-bearing liabilities	86,288						74,540						51,768
Stockholders' equity	1,458,131						1,433,837						1,420,933
Total liabilities and stockholders' equity	$	9,650,653					$	9,666,074					$	9,156,152
Net interest spread					3.39	%					3.41	%					3.39	%
Net interest income and net interest margin (FTE)1			$	82,215	3.89	%			$	84,413	3.91	%			$	78,064	3.96	%
Less: Tax equivalent adjustment			1,590						1,504						1,107
Net interest income and net interest margin - ties to Statements of Comprehensive Income			$	80,625	3.82	%			$	82,909	3.84	%			$	76,957	3.90	%
1 These are non-GAAP financial measures management believes are helpful to interpreting our financial results. See the tables at the end of this document for the calculation of the measures and reconciliation to the most comparable GAAP measure.
2 Annualized for all partial-year periods.

Exhibit 99.1

GREAT WESTERN BANCORP, INC.
Net Interest Margin (FTE) (Unaudited)
(Dollars in thousands)
	For the six months ended
	March 31, 2015						March 31, 2014
	Average Balance		Interest (FTE)1		Yield / Cost2		Average Balance		Interest (FTE)1		Yield / Cost2
Assets
Cash and due from banks	$	354,415	$	444	0.25	%	$	195,307	$	301	0.31	%
Investment securities	1,335,348		11,600		1.74	%	1,428,379		14,020		1.97	%
Loans, other than loans acquired with deteriorated credit quality, net	6,727,508		164,783		4.91	%	6,186,621		158,701		5.14	%
Loans acquired with deteriorated credit quality, net	141,311		5,049		7.17	%	202,235		2,774		2.75	%
Loans, net	6,868,819		169,832		4.96	%	6,388,856		161,475		5.07	%
Total interest-earning assets	8,558,582		181,876		4.26	%	8,012,542		175,796		4.40	%
Noninterest-earning assets	1,097,254						1,189,536
Total assets	$	9,655,836	$	181,876	3.78	%	$	9,202,078	$	175,796	3.83	%
Liabilities and Stockholders' Equity
Noninterest-bearing deposits	$	1,387,396					$	1,226,039
NOW, MMDA and savings deposits	4,298,739		$	5,918	0.28	%	3,934,543		$	4,566	0.23	%
CDs	1,625,814		6,081		0.75	%	1,956,472		8,744		0.90	%
Total deposits	7,311,949		11,999		0.33	%	7,117,054		13,310		0.38	%
Securities sold under agreements to repurchase	175,111		296		0.34	%	198,207		289		0.29	%
FHLB advances and other borrowings	547,528		1,839		0.67	%	311,273		1,840		1.19	%
Related party notes payable	41,295		459		2.23	%	41,295		460		2.23	%
Subordinated debentures and other	56,083		655		2.34	%	56,083		660		2.36	%
Total borrowings	820,017		3,249		0.79	%	606,858		3,249		1.07	%
Total interest-bearing liabilities	8,131,966		$	15,248	0.38	%	7,723,912		$	16,559	0.43	%
Noninterest-bearing liabilities	77,886						56,688
Stockholders' equity	1,445,984						1,421,478
Total liabilities and stockholders' equity	$	9,655,836					$	9,202,078
Net interest spread					3.40	%					3.40	%
Net interest income and net interest margin (FTE)1			$	166,628	3.90	%			$	159,237	3.99	%
Less: Tax equivalent adjustment			3,094						2,139
Net interest income and net interest margin - ties to Statements of Comprehensive Income			$	163,534	3.83	%			$	157,098	3.93	%
1 These are non-GAAP financial measures management believes are helpful to interpreting our financial results. See the tables at the end of this document for the calculation of the measures and reconciliation to the most comparable GAAP measure.
2 Annualized for all partial-year periods.

Non-GAAP Measures and Reconciliation

We rely on certain non-GAAP measures in making financial and operational decisions about our business. We believe that each of the non-GAAP measures presented is helpful in highlighting trends in our business, financial condition and results of operations which might not otherwise be apparent when relying solely on our financial results calculated in accordance with U.S. generally accepted accounting principles, or GAAP.

In particular, we evaluate our profitability and performance based on our cash net income and return on average tangible common equity, each of which excludes the effects of amortization expense relating to intangible assets and related tax effects from the acquisition of us by National Australia Bank Limited and our acquisitions of other institutions. We believe these measures help highlight trends associated with our financial condition and results of operations by providing net income and return information based on our cash payments and receipts during the applicable period.

Exhibit 99.1

We also evaluate our profitability and performance based on our adjusted net interest income, adjusted net interest margin, adjusted interest income on loans other than loans acquired with deteriorated credit quality and adjusted yield on loans other than loans acquired with deteriorated credit quality. We adjust each of these four measures to include the current realized gain (loss) of derivatives we use to manage interest rate risk on certain of our loans, which we believe economically offsets the interest income earned on the loans. Similarly, we evaluate our operational efficiency based on our efficiency ratio, which excludes the effect of amortization of core deposit and other intangibles (a non-cash expense item) and includes the tax benefit associated with our tax-advantaged loans.

We evaluate our financial condition based on the ratio of our tangible common equity to our tangible assets. Our calculation of this ratio excludes the effect of our goodwill and other intangible assets. We believe this measure is helpful in highlighting the common equity component of our capital and because of its focus by federal bank regulators when reviewing the health and strength of financial institutions in recent years and when considering regulatory approvals for certain actions, including capital actions.

Reconciliations for each of these non-GAAP financial measures to the closest GAAP financial measures are included in the tables below. Each of the non-GAAP measures presented should be considered in context with our GAAP financial results included in this release.

GREAT WESTERN BANCORP, INC.
Reconciliation of Non-GAAP Measures (Unaudited)
(Dollars in thousands)
	At or for the six months ended						At or for the three months ended
	March 31, 2015			March 31, 2014			March 31, 2015			December 31, 2014			September 30, 2014			June 30, 2014			March 31, 2014
Cash net income and return on average tangible common equity:
Net income	$	46,421		$	54,575		$	19,724		$	26,697		$	27,875		$	22,502		$	25,971
Add: Amortization of intangible assets	4,626			9,379			2,313			2,313			2,767			4,069			4,691
Add: Tax on amortization of intangible assets	(440		)	(1,622		)	(220		)	(220		)	(811		)	(811		)	(811		)
Cash net income	$	50,607		$	62,332		$	21,817		$	28,790		$	29,831		$	25,760		$	29,851
Average common equity	$	1,445,984		$	1,421,478		$	1,458,131		$	1,433,837		$	1,438,962		$	1,445,097		$	1,420,933
Less: Average goodwill and other intangible assets	709,935			721,652			708,782			711,088			713,462			717,104			721,529
Average tangible common equity	$	736,049		$	699,826		$	749,349		$	722,749		$	725,500		$	727,993		$	699,404
Return on average common equity *	6.44		%	7.70		%	5.49		%	7.39		%	7.69		%	6.25		%	7.41		%
Return on average tangible common equity *	13.8		%	17.9		%	11.8		%	15.8		%	16.3		%	14.2		%	17.3		%
* Calculated as net income divided by average common equity and cash net income divided by average tangible common equity, respectively. Annualized for partial-year periods.

Exhibit 99.1

GREAT WESTERN BANCORP, INC.
Reconciliation of Non-GAAP Measures (Unaudited)
(Dollars in thousands)
	At or for the six months ended						At or for the three months ended
	March 31, 2015			March 31, 2014			March 31, 2015			December 31, 2014			September 30, 2014			June 30, 2014			March 31, 2014
Adjusted net interest income and adjusted net interest margin (fully-tax equivalent basis):
Net interest income	$	163,534		$	157,098		$	80,625		$	82,909		$	83,226		$	80,100		$	76,957
Add: Tax equivalent adjustment	3,094			2,139			1,590			1,504			1,324			1,200			1,107
Net interest income (FTE)	166,628			159,237			82,215			84,413			84,550			81,300			78,064
Add: Current realized derivative gain (loss)	(10,589		)	(8,677		)	(5,307		)	(5,282		)	(4,978		)	(4,600		)	(4,389		)
Adjusted net interest income (FTE)	$	156,039		$	150,560		$	76,908		$	79,131		$	79,572		$	76,700		$	73,675
Average interest earning assets	$	8,558,582		$	8,012,542		$	8,560,477		$	8,556,688		$	8,181,194		$	8,098,052		$	8,001,113
Net interest margin (FTE) *	3.90		%	3.99		%	3.89		%	3.91		%	4.10		%	4.03		%	3.96		%
Adjusted net interest margin (FTE) **	3.66		%	3.77		%	3.64		%	3.67		%	3.86		%	3.80		%	3.73		%
* Calculated as net interest income (FTE) divided by average interest earning assets. Annualized for partial-year periods.
** Calculated as adjusted net interest income (FTE) divided by average interest earning assets. Annualized for partial-year periods.
Adjusted interest income and adjusted yield (fully-tax equivalent basis), on loans other than loans acquired with deteriorated credit quality:
Interest income	$	161,689		$	156,562		$	80,317		$	81,372		$	82,968		$	79,245		$	77,048
Add: Tax equivalent adjustment	3,094			2,139			1,590			1,504			1,324			1,200			1,107
Interest income (FTE)	164,783			158,701			81,907			82,876			84,292			80,445			78,155
Add: Current realized derivative gain (loss)	(10,589		)	(8,677		)	(5,307		)	(5,282		)	(4,978		)	(4,600		)	(4,389		)
Adjusted interest income (FTE)	$	154,194		$	150,024		$	76,600		$	77,594		$	79,314		$	75,845		$	73,766
Average loans other than loans acquired with deteriorated credit quality	$	6,727,508		$	6,186,621		$	6,828,510		$	6,626,507		$	6,527,721		$	6,362,850		$	6,224,179
Yield (FTE) *	4.91		%	5.14		%	4.86		%	4.96		%	5.12		%	5.07		%	5.09		%
Adjusted yield (FTE) **	4.60		%	4.86		%	4.55		%	4.65		%	4.82		%	4.78		%	4.81		%
* Calculated as interest income (FTE) divided by average loans. Annualized for partial-year periods.
** Calculated as adjusted interest income (FTE) divided by average loans. Annualized for partial-year periods.

Exhibit 99.1

GREAT WESTERN BANCORP, INC.
Reconciliation of Non-GAAP Measures (Unaudited)
(Dollars in thousands)
	At or for the six months ended						At or for the three months ended
	March 31, 2015			March 31, 2014			March 31, 2015			December 31, 2014			September 30, 2014			June 30, 2014			March 31, 2014
Efficiency ratio:
Total revenue	$	178,370		$	178,064		$	87,561		$	90,809		$	91,727		$	90,414		$	87,097
Add: Tax equivalent adjustment	3,094			2,139			1,590			1,504			1,324			1,200			1,107
Total revenue (FTE)	$	181,464		$	180,203		$	89,151		$	92,313		$	93,051		$	91,614		$	88,204
Noninterest expense	$	95,529		$	97,625		$	48,438		$	47,091		$	48,318		$	54,278		$	49,327
Less: Amortization of intangible assets	4,626			9,379			2,313			2,313			2,767			4,069			4,691
Tangible noninterest expense	$	90,903		$	88,246		$	46,125		$	44,778		$	45,551		$	50,209		$	44,636
Efficiency ratio *	50.1		%	49.0		%	51.7		%	48.5		%	49.0		%	54.8		%	50.6		%
* Calculated as the ratio of tangible noninterest expense to total revenue (FTE).
Tangible common equity and tangible common equity to tangible assets:
Total stockholders' equity	$	1,469,552		$	1,437,656		$	1,469,552		$	1,451,370		$	1,421,090		$	1,430,964		$	1,437,656
Less: Goodwill and other intangible assets	707,410			718,872			707,410			709,723			712,036			714,803			718,872
Tangible common equity	$	762,142		$	718,784		$	762,142		$	741,647		$	709,054		$	716,161		$	718,784
Total assets	$	9,781,645		$	9,274,880		$	9,781,645		$	9,641,261		$	9,371,429		$	9,292,283		$	9,274,880
Less: Goodwill and other intangible assets	707,410			718,872			707,410			709,723			712,036			714,803			718,872
Tangible assets	$	9,074,235		$	8,556,008		$	9,074,235		$	8,931,538		$	8,659,393		$	8,577,480		$	8,556,008
Tangible common equity to tangible assets	8.4		%	8.4		%	8.4		%	8.3		%	8.2		%	8.3		%	8.4		%

GREAT WESTERN BANCORP, INC.

Media Contact:

Ann Nachtigal, 605-988-9217

ann.nachtigal@greatwesternbank.com

Investor Relations Contact:

David Hinderaker, 605-988-9253

david.hinderaker@greatwesternbank.com

EX-99.2

Earnings Release | April 28, 2015

Disclosures Forward-Looking Statements: This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward- looking. These statements are often, but not always, made through the use of words or phrases such as “anticipates,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. Accordingly, these statements are only predictions and involve estimates, known and unknown risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed. All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations, and, therefore, you are cautioned not to place undue reliance on such statements. Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the sections titled “Item 1A. Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2014. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Non-GAAP Financial Measures: This presentation contains non-GAAP measures which our management relies on in making financial and operational decisions about our business and which exclude certain items that we do not consider reflective of our business performance. We believe that the presentation of these measures provides investors with greater transparency and supplemental data relating to our financial condition and results of operations. These non-GAAP measures should be considered in context with our GAAP results. A reconciliation of these non- GAAP measures appears in our earnings release dated April 28, 2015 and in the appendix to this presentation. Our earnings release and this presentation are available in the Investor Relations section of our website at www.greatwesternbank.com. Our earnings release and this presentation are also available as part of our Current Report on Form 8-K filed with the SEC on April 28, 2015. Explanatory Note: In this presentation, all financial information presented refers to the financial results of Great Western Bancorp, Inc. combined with those of its predecessor, Great Western Bancorporation, Inc.

About GWB 3 Company Snapshot Stock Performance Strong Earnings Results Market Presence • Top 20 Midwest bank holding company (1) • Business bank with unique agribusiness expertise • 7th largest farm lender bank in the U.S. as of December 31, 2014 (2) • 158 banking branches across 7 states • Owned by National Australia Bank since 2008 • Current ownership of 68.2% after October 2014 IPO Stock Performance January 1 – March 31: • Price Range: $19.76 – 24.59 • Avg. Close: $21.95 • Price Increase IPO – Quarter End: 22.3% (1)Source: SNL Financial. Based on bank holding companies with headquarters in the Midwest ranked by total assets as of September 30, 2014. Excludes specialty lenders, insurance companies, trust banks and brokerage and investment banking firms. (2) Source: American Bankers Association. (3) Efficiency ratio is a non-GAAP measure. See appendix for reconciliation. (3) Credit pre- announcement March 9

Executing on Strategy Focused Business Banking Franchise with Agribusiness Expertise • Business and agribusiness lending remains strong comprising 86% of the total loan portfolio at March 31, 2015; up 4.9% FYTD • Increased lending volumes across the footprint led by growth in Iowa, Arizona and Colorado • New Omaha, Nebraska business banking and wealth hub opened in late March Strong Profitability and Growth Driven by a Highly Efficient Operating Model • Returns continue to be attractive FYTD: 0.96% ROAA and 13.8% ROTCE(1) • Efficiency remains a key driver of profitability with an efficiency(1) ratio of 50.1% FYTD • Consolidation of five branches in Omaha, NE and Sioux Falls, SD proceeded successfully as of March 31, 2015 with limited expected impact to revenue streams Risk Management Driving Strong Credit Quality • Asset quality metrics remain strong despite elevated credit-related charges during the quarter: • Nonaccrual loans 1.05% of total loans • Net charge-offs / total loans 0.23% annualized FYTD • OREO balance declined to $43.6 million ($8.6 million covered by FDIC loss-sharing) Strong Capital Generation and Attractive Dividend • Tier 1 Capital Ratio of 11.5% and Total Capital Ratio of 12.6% remain strong after adopting Basel III capital conventions on January 1, 2015, which increased RWAs by approximately $270 million • Quarterly dividend of $0.12 per share announced April 28, 2015 (1) This is a non-GAAP measure. See appendix for reconciliation.

(1) Chart excludes changes related to loans and derivatives at fair value which netted $(6.5) million for the quarter. Dollars in thousands. (2) Adjusted NIM (FTE) is a non-GAAP measure. See appendix for reconciliations. Revenue 5 Revenue Highlights Net Interest Income ($MM) and NIM NIM Analysis Noninterest Income (1) • Net interest income (FTE) increased by $4.1 million compared to 2QFY14 driven by balance sheet growth • Reported and adjusted NIM (FTE) (2) down compared to 2QFY14 due to lower asset yields, partially offset by continued cost of deposit improvement • Loan and investment portfolio yields remain under pressure; higher average cash balance • Core noninterest revenue flat due to increased mortgage revenue offset by lower deposit service charges (2)

Expenses, Provision & Earnings 6 Highlights Provision for Loan Losses ($MM) Noninterest Expense ($MM) Net Income ($MM) • Provision for loan losses $12.4 million higher than 2QFY14 • Driven by a small number of primarily C&I lending relationships • Not concentrated by industry or geography; not systemic or indicative of broader credit deterioration in the loan portfolio • Commitment to expense control remains vital to profitability; efficiency ratio (1) 51.7% for the quarter and 50.1% FYTD • Lower intangible amortization and occupancy costs partially offset by higher OREO, professional fees and salaries Stable Expense Base and Efficiency Aided by Lower Intangible Amortization Abnormally Low in Comparable Periods (1) Efficiency ratio is a non-GAAP measure. See appendix for reconciliation. (1)

$6,885 $6,948 $7,052 $7,488 0.68% 0.48% 0.36% 0.33% '12 '13 '14 At or for the 6 Months Ended 3/31/15 Deposits Cost of Deposits $6,197 $6,414 $6,820 $7,100 '12 '13 '14 2Q'15 Balance Sheet Overview 7 Balance Sheet Highlights Total Loans (UPB) ($MM) Deposits ($MM) Capital • Loans grew 1.2% in the quarter and are up 4.2% FYTD with growth balanced across CRE, agribusiness and C&I • Agribusiness balances retracted slightly during the quarter as expected driven by customers’ tax planning • Deposits grew 3.4% in the quarter and are up 6.2% FYTD led by growth in both business and consumer interest-bearing accounts • Deposit growth typically focused in fiscal Q1 and Q2; some seasonal runoff expected in Q3 • Capital levels remain strong and stable and reflect higher BIII RWAs as of January 1, 2015 +4.2% FYTD +6.2% FYTD (1) TCE / TA is a non-GAAP measure. See appendix for reconciliation. (1)

Asset Quality 8 Highlights Net Charge-offs Reserves / NALs Strong Credit Quality • Management remains comfortable with overall asset quality despite elevated provision for loan losses and net charge-offs recognized during the quarter • Both provision and net charge-offs predominantly related to a small number of C&I credits; limited current agribusiness deterioration and minimal direct energy exposure • Loans on “watch” status increased to $384.4 million, a 34% increase compared to September 30, 2014 • Due in large part to proactive management of credit exposures and a comprehensive portfolio review

Proven Business Strategy 9 Focused Business Banking Franchise with Agribusiness Expertise Risk Management Driving Strong Credit Quality Attract and Retain High-Quality Relationship Bankers Prioritize Organic Growth While Optimizing Footprint Deepen Customer Relationships Strong Profitability and Growth Driven by a Highly Efficient Operating Model Strong Capital Generation and Attractive Dividend

Appendix

Non-GAAP Measures 11

Non-GAAP Measures 12

Non-GAAP Measures 13

Non-GAAP Measures 14