California BanCorp (CALB) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18
	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	74.2	58.7	51.4	46.9	38.4
Interest income on investments	4.5	2.0	0.9	1.2
Interest income on repurchase agreements	3.5	0.6	0.7	1.0
	82.3	61.3	53.0	49.1	40.9
Interest on deposits	7.8	4.4	6.3	7.2	4.5
Total interest expense	11.3	6.6	8.1	8.1	5.1
Net interest income	71.0	54.7	44.9	40.9	46.0
Provision for loan losses	3.8	0.0	4.9	2.3	1.4
Net interest income after provision for loan losses	67.2	54.7	40.0	38.6	44.6
Total non-interest income	7.4	4.2	4.0	4.2	3.7
Non-interest expenses	44.7	40.4	37.8	33.2	26.4
Pre-tax income	29.9	18.5	6.2	9.6	11.7
Income taxes	8.8	5.1	1.9	2.6	3.0
Tax rate	29.4%	27.6%	31.0%	27.4%	25.8%
Net income	21.1	13.4	4.3	7.0	8.7
Net margin	28.3%	22.7%	9.8%	16.3%	18.0%

Basic EPS	$2.54	$1.63	$0.53	$0.87	$0.00
Diluted EPS	$2.51	$1.61	$0.53	$0.86	$0.00

Shares outstanding (basic)	8.3	8.2	8.1	8.0	7,121.0
Shares outstanding (diluted)	8.4	8.3	8.2	8.1	7,317.6

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.