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Profits up at Great Western Bank

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Great Western Bancorp Inc. reported profits of $33.8 million, or 60 cents per share, for its fiscal fourth quarter, which ended Sept. 30, compared with $27.9 million, or 48 cents per share for the same quarter last year. Fiscal 2015 net income was $109 million, or $1.90 per share, according to a release. The Sioux Falls, S.D.-based parent of Great Western Bank said loans, driven primarily by commercial real estate and agriculture lending, grew $80 million in the quarter and nearly $538 million for the year. Net interest income, noninterest income, noninterest expenses and provision for loan losses each improved from the year-ago period. Great Western Bank has six branches in Greater Des Moines.