Great American Bancorp Inc (OTCMKTS:GTPS) Stock On Radar Following Earnings Update

This morning many companies are going to be in focus which announced their earnings yesterday and one of those companies could well be Great American Bancorp Inc (OTCMKTS:GTPS). The company is actually the holding company of First Federal Savings Bank of Champaign-Urbana.

Trading Data

On Tuesday, GTPS stock ended flat at $31.50 with 297 shares, compared to its average volume 150 shares. The stock moved within a range of $31.50 – 31.50 after opening trade at $31.50.

Great American Bancorp, Inc. Announces Earnings for the Nine Months Ending September 30, 2022

Yesterday, Great American Bancorp announced its financial results for the nine month period that had ended on September 30, 2022. The company announced that it had generated net income of as much as $618000 during the period and that worked out to a rise of a staggering 95% from the $317000 that it had generated in the prior year period.

On the other hand, the basic and fully diluted earnings per share for the period stood at $1.52 and that reflected a healthy rise from the $0.77 per share in the corresponding period in 2021. In this regard, it should also be noted that the interest income generated by Great American Bancorp in the nine month period went up by as much as $413000 on a year on year basis.

At this point in time, it is going to be interesting to see if the Great American Bancorp comes into focus among investors or not.