Private company

Great Western Bancorp, Inc.

American state commercial bank based in Sioux Falls, incorporated in Delaware.

Last updated Oct 18, 2026.

Overview

$53.5MRevenue, fiscal 2021²

$203.3MNet income, fiscal 2021²

IndustryState Commercial Banks
HeadquartersSioux Falls, United States
Incorporated inDE³
Business address225 S. Main Avenue, Sioux Falls, Sd 57104³
Filer categoryLarge accelerated filer³

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

380.0%Net margin²

2.4%Revenue growth, 2021²

16.9%Return on equity²

0.09×Debt to equity²

$225.3MFree cash flow²

Where the money goes

Where each dollar of revenue went, fiscal 2021

Income taxProfit

Interest8¢$23.4M
Income tax21¢$59.0M
Profit71¢$203.3M

Out of $53.5M in revenue.²

Where each dollar of operating cash went, fiscal 2021

Kept or used elsewhere

Capital spending3¢$6.1M
Dividends paid2¢$4.4M
Kept or used elsewhere95¢$220.9M

Out of $231.5M of cash from operations.²

Financial statements

Revenue⁴⁵²$53.5M in 2021−22% since 2017

Net income⁶⁷⁴⁵²$203.3M in 2021+86% since 2015

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Revenue			$68.2M⁴	$66.9M⁵	$55.9M²	$52.2M²	$53.5M²
Interest	$29.9M⁶	$33.5M⁷	$45.3M⁴	$74.0M⁵	$122.2M²	$74.1M²	$23.4M²
Income tax	$52.5M⁶	$58.9M⁷	$69.4M⁴	$74.1M⁵	$48.2M²	-$25.5M²	$59.0M²
Net income	$109.1M⁶	$121.3M⁷	$144.8M⁴	$157.9M⁵	$167.4M²	-$680.8M²	$203.3M²
Earnings per share	$1.90⁶	$2.14⁷	$2.46⁴	$2.68⁵	$2.93²	-$12.24²	$3.68²
Earnings per share (diluted)	$1.90⁶	$2.14⁷	$2.45⁴	$2.67⁵	$2.92²	-$12.24²	$3.67²

Total assets⁸⁶⁷⁴⁵²$12.9B in 2021+32% since 2015

Total liabilities⁸⁶⁷⁴⁵²$11.7B in 2021+40% since 2015

Shareholders’ equity⁷⁴⁵²$1.2B in 2021−18% since 2015

Cash⁷⁴⁵²$1.6B in 2021+553% since 2015

Long-term debt⁸⁶⁷⁴⁵²$109.0M in 2021+20% since 2015

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Cash	$237.8M⁷	$524.6M⁴	$360.4M⁴	$298.7M⁴	$243.5M⁵	$432.9M²	$1.6B²
Total assets	$9.8B⁸	$11.5B⁶	$11.7B⁷	$12.1B⁴	$12.8B⁵	$12.6B²	$12.9B²
Long-term debt	$90.7M⁸	$111.9M⁶	$108.3M⁷	$108.5M⁴	$108.6M⁵	$108.8M²	$109.0M²
Total liabilities	$8.3B⁸	$9.9B⁶	$9.9B⁷	$10.3B⁴	$10.9B⁵	$11.4B²	$11.7B²
Shareholders’ equity	$1.5B⁷	$1.7B⁴	$1.8B⁵	$1.8B²	$1.9B²	$1.2B²	$1.2B²
Shares outstanding	55.2M shares⁹	58.7M shares⁸	58.9M shares⁶	57.7M shares⁷	56.3M shares⁴	55.0M shares⁵	55.1M shares²

Cash from operations⁶⁷⁴⁵²$231.5M in 2021+16% since 2015

Capital spending⁶⁷⁴⁵²$6.1M in 2021+57% since 2015

Free cash flow⁶⁷⁴⁵²$225.3M in 2021+16% since 2015

Dividends paid⁶⁷⁴⁵²$4.4M in 2021−79% since 2015

Share buybacks⁶⁷⁴⁵²$0 in 2021

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Cash from operations	$198.8M⁶	$184.8M⁷	$131.5M⁴	$182.4M⁵	$191.7M²	$82.5M²	$231.5M²
Capital spending	$3.9M⁶	$15.5M⁷	$6.4M⁴	$13.9M⁵	$15.6M²	$6.1M²	$6.1M²
Free cash flow	$194.9M	$169.4M	$125.1M	$168.6M	$176.0M	$76.4M	$225.3M
Dividends paid	$20.5M⁶	$31.4M⁷	$43.5M⁴	$53.0M⁵	$62.9M²	$42.5M²	$4.4M²
Share buybacks	$60.0M⁶	$0⁷	$5.6M⁴	$0⁵	$94.4M²	$40.0M²	$0²
Dividend per share	$0.36⁶	$0.56⁷	$0.74⁴	$0.90⁵	$1.10²	$0.76²	$0.08²

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Leadership

Who has led Great Western Bancorp, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

Kenneth James Karels2019

President

Chief financial officer

Peter Robert Chapman2015–2022

201520202025

Chief executive officerMark Charles Borrecco Mar 9, 2020 to Feb 3, 2022¹⁰
Chief executive officerKenneth James Karels Oct 20, 2015 to Dec 3, 2019¹¹
ChairKenneth James Karels Oct 30, 2019 to Dec 3, 2019¹²
PresidentMark Charles Borrecco Mar 9, 2020 to Feb 3, 2022¹⁰
PresidentKenneth James Karels Oct 20, 2015 to Dec 3, 2019¹¹
Chief financial officerPeter Robert Chapman Oct 20, 2015 to Feb 3, 2022¹³

Board members and other officers (25)

EVP & Chief Credit OfficerStephen W. Yose May 13, 2020 to Feb 3, 2022¹⁴
Head of P&C and L&DAndrew James Pederson Mar 2, 2018 to Feb 3, 2022¹⁵
Chief Information OfficerScott Edward Erkonen Mar 2, 2018 to Feb 3, 2022¹⁶
Regional President and EVPTimothy Roy Kintner Mar 2, 2018 to Feb 18, 2020¹⁷
EVP and Chief Risk OfficerKarlyn M. Knieriem Jun 19, 2018 to Feb 3, 2022¹⁸
OfficerBryan Leighton Kindopp Oct 14, 2014 to Jun 12, 2017¹⁹
OfficerDouglas Richard Bass Oct 14, 2014 to Dec 2, 2020²⁰
OfficerKenneth James Karels Oct 14, 2014 to Oct 20, 2014²¹
OfficerPeter Robert Chapman Oct 14, 2014 to Oct 20, 2014²²
OfficerStephen John Ulenberg Oct 14, 2014 to Feb 1, 2018²³
Board memberMark Charles Borrecco Mar 11, 2020 to Feb 3, 2022²⁴
Board memberJames Israel Oct 25, 2016 to Feb 3, 2022²⁵
Board memberJames C. Spies Aug 27, 2015 to Feb 3, 2022²⁶
Board memberThomas Edward Henning Aug 27, 2015 to Feb 3, 2022²⁷
Board memberJames Brannen Oct 28, 2015 to Feb 3, 2022²⁸
Board memberAndrew C. Hove Jr. Oct 14, 2014 to Feb 28, 2017²⁹
Board memberDaniel A. Rykhus Oct 14, 2014 to Feb 3, 2022³⁰
Board memberFrances Pallas Grieb Oct 14, 2014 to Feb 3, 2022³¹
Board memberKenneth James Karels Oct 14, 2014 to Oct 20, 2014²¹
Board memberNathan Jaymes Butler Oct 14, 2014 to Oct 14, 2014³²
Board memberRichard James Sawers Oct 14, 2014 to Oct 14, 2014³³
Board memberRichard Rauchenberger Oct 14, 2014 to Feb 1, 2016³⁴
Board memberRolfe Alan Cameron Lakin Oct 14, 2014 to Oct 14, 2014³⁵
Board memberSwati Dave Oct 14, 2014 to Oct 14, 2014³⁶
General counselDonald J. Straka Mar 2, 2018 to Feb 3, 2022³⁷

Timeline

Apr 7, 2022Parent Directly consolidated by FIRST INTERSTATE BANCSYSTEM, INC.³⁸
Mar 9, 2020New chief executive Mark Charles Borrecco becomes CEO¹⁰
Oct 20, 2015New chief executive Kenneth James Karels becomes CEO¹¹
Jul 2, 2014Founded Great Western Bancorp, Inc. is founded³⁸

Filings

57 filings to the SEC since October 2021: 1 annual reports, 7 major events, 33 insider forms, 8 large holders, 8 other. The latest 20:

Feb 14, 2023SC 13G/A EDGAR
Feb 10, 2023SC 13G/A EDGAR
Feb 14, 2022SC 13G/A EDGAR
Feb 11, 202215-12B EDGAR
Feb 10, 2022SC 13G/A SCHEDULE 13G/A EDGAR
Feb 8, 2022SC 13G/A EDGAR
Feb 8, 2022SC 13G/A SEC SCHEDULE 13G EDGAR
Feb 4, 2022SC 13G SEC SCHEDULE 13G EDGAR
Feb 3, 20224 EDGAR
Feb 3, 20224 EDGAR
Feb 3, 20224 EDGAR
Feb 3, 20224 EDGAR
Feb 3, 20224 EDGAR
Feb 3, 20224 EDGAR
Feb 3, 20224 EDGAR
Feb 3, 20224 EDGAR
Feb 3, 20224 EDGAR
Feb 3, 20224 EDGAR
Feb 3, 20224 EDGAR
Feb 3, 20224 EDGAR

The 57 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 8 such filings since October 2021:

Feb 14, 2023SC 13G/A
Feb 10, 2023SC 13G/A
Feb 14, 2022SC 13G/A
Feb 10, 2022SC 13G/A
Feb 8, 2022SC 13G/A
Feb 8, 2022SC 13G/A
Feb 4, 2022SC 13G
Dec 13, 2021SC 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARGreat Western Bancorp, Inc. filings on SEC EDGAR
2
SEC EDGARGreat Western Bancorp, Inc. 10-K for fiscal 2021
3
SEC EDGARGreat Western Bancorp, Inc. filings on SEC EDGAR
4
SEC EDGARGreat Western Bancorp, Inc. 10-K for fiscal 2017
5
SEC EDGARGreat Western Bancorp, Inc. 10-K for fiscal 2018
6
SEC EDGARGreat Western Bancorp, Inc. 10-K for fiscal 2015
7
SEC EDGARGreat Western Bancorp, Inc. 10-K for fiscal 2016
8
SEC EDGARGreat Western Bancorp, Inc. 10-K for fiscal 2015
9
SEC EDGARGreat Western Bancorp, Inc. 10-K for fiscal 2015
10
SEC EDGARMark Charles Borrecco, Chief executive officer
11
SEC EDGARKenneth James Karels, Chief executive officer
12
SEC EDGARKenneth James Karels, Chair
13
SEC EDGARPeter Robert Chapman, Chief financial officer
14
SEC EDGARStephen W. Yose, EVP & Chief Credit Officer
15
SEC EDGARAndrew James Pederson, Head of P&C and L&D
16
SEC EDGARScott Edward Erkonen, Chief Information Officer
17
SEC EDGARTimothy Roy Kintner, Regional President and EVP
18
SEC EDGARKarlyn M. Knieriem, EVP and Chief Risk Officer
19
SEC EDGARBryan Leighton Kindopp, Officer
20
SEC EDGARDouglas Richard Bass, Officer
21
SEC EDGARKenneth James Karels, Officer
22
SEC EDGARPeter Robert Chapman, Officer
23
SEC EDGARStephen John Ulenberg, Officer
24
SEC EDGARMark Charles Borrecco, Board member
25
SEC EDGARJames Israel, Board member
26
SEC EDGARJames C. Spies, Board member
27
SEC EDGARThomas Edward Henning, Board member
28
SEC EDGARJames Brannen, Board member
29
SEC EDGARAndrew C. Hove Jr., Board member
30
SEC EDGARDaniel A. Rykhus, Board member
31
SEC EDGARFrances Pallas Grieb, Board member
32
SEC EDGARNathan Jaymes Butler, Board member
33
SEC EDGARRichard James Sawers, Board member
34
SEC EDGARRichard Rauchenberger, Board member
35
SEC EDGARRolfe Alan Cameron Lakin, Board member
36
SEC EDGARSwati Dave, Board member
37
SEC EDGARDonald J. Straka, General counsel
38
gleifDirectly consolidated by FIRST INTERSTATE BANCSYSTEM, INC.