Wednesday, May 11, 2016

The 4 Publicly-Held South Dakota Non-Financial Companies Generated Total Audited Earnings of Only $4.2 Mil in 2015, Down 98% From Total Comparable Earnings of $188.4 Mil in 2014 ..... On the Other Hand, the 3 Publicly-Held South Dakota Banks Are Doing Just Fine Generating Total Audited Earnings of $130.8 Mil in 2015, Up 3% Over 2014, Up 13% Over 2013 and Up 37% Over 2012 ..... When the Banks Have All of the 2015 Total Company Earnings in a State, the Economy of That State Has To Be Suffering

From a review of US Company SEC filings, below here are the reported US GAAP Audited Earnings (Losses) From Continuing Operations for the most recent Annual Fiscal Year End (FYE) 2015 and also for 2012 through 2014 for each of the 3 Publicly-Held Financial and the 4 Publicly-Held Non-Financial South Dakota HQed Companies:



 Annual   Annual   Annual   Annual 




2015 2014 2013 2012




Net Net Net Net


Most Income Income Income Income
City State Recent (Loss) (Loss) (Loss) (Loss)
All South Dakota Publicly-Held Companies HQs HQs FYE  $ mils  $ mils  $ mils  $ mils








Financials






Great Western Bancorp Sioux Falls SD Sep 15       109.1       105.0         96.2         73.0
Meta Financial Group Inc Sioux Falls SD Sep 15         18.1         15.7         13.4         17.1
HF Financial Corp Sioux Falls SD Jun 15           3.6           6.6           5.9           5.2








Total all 3 Banks


      130.8       127.3       115.5         95.3
2015 Total Bank Earnings % Above:






………. 2014


3%


………. 2013


13%


………. 2012


37%










Non-Financials






Daktronics Inc Brookings SD Apr 15         20.9         22.2         22.8           8.5
Raven Industries Inc Sioux Falls SD Jan 16           8.6         31.8         42.9         52.6
North American University Holdings Rapid City SD May 15           6.8           3.5           5.5           5.1
Black Hills Corp (Diversified Energy Co) Rapid City SD Dec 15       (32.1)       130.9       118.3       109.4








Total all 4 Non-Financials


          4.2       188.4       189.5       175.6
2015 Total Non-Bank Earnings % Below:






………. 2014


-98%


………. 2013


-98%


………. 2012


-98%










Total all 7


      135.0       315.7       305.0       270.9