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Income Statement
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Op Efficiency
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Altabancorp (ALTA)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13
   10-K10-K10-K10-K/A10-K10-K10-K10-K
        Interest income on loans  95.6108.5108.577.066.658.951.841.2
    Total interest income  110.7119.0115.484.072.864.658.245.7
        Interest on deposits  7.09.17.23.32.93.03.33.3
    Total interest expense  7.09.17.23.32.93.03.33.3
Net interest income  103.7109.9108.280.669.961.654.942.3
Provision for loan losses     2.80.91.01.71.5
Net interest income after provision for loan losses  103.7109.9108.277.969.060.653.240.8
        Deposit and loan fees  3.22.82.82.42.22.42.82.6
        Other non-interest income  19.212.412.311.912.413.612.411.6
Total non-interest income  22.415.215.114.414.616.015.214.3
Non-interest expenses  66.160.362.056.046.746.845.336.9
Pre-tax income before non-recurring items  57.257.852.941.136.929.923.919.1
Non-recurring items    0.24.8  0.70.9
Pre-tax income  57.257.852.736.336.929.923.218.2
Income taxes  13.713.512.116.513.310.38.26.3
            Tax rate  24.0%23.4%22.9%45.4%36.0%34.3%35.6%34.8%
Net income  43.544.340.619.823.619.614.911.9
            Net margin  30.8%32.7%31.2%21.5%28.2%25.6%21.8%21.6%
   
Basic EPS  $2.31$2.35$2.18$1.10$1.33$1.21$1.02$0.92
Diluted EPS  $2.29$2.33$2.14$1.08$1.30$1.17$0.98$0.89
   
Shares outstanding (basic)  18.818.818.718.017.716.314.712.9
Shares outstanding (diluted)  19.019.019.018.418.216.815.113.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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