BayFirst Financial Corp. [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20
	10-K	10-K
Interest expense:
Interest on deposits	4.9	7.5
	7.9	10.9
Net interest income	40.2	33.5
Net interest income after provision for loan losses	40.2	33.5
Deposit and loan fees	1.0	0.9
Other non-interest income	116.5	96.8
Total non-interest income	117.6	97.7
Non-interest expenses	128.8	98.5
Pre-tax income	32.5	15.8
Income taxes	-0.4	-0.3
Net income	23.6	11.8
Net margin	15.0%	9.0%

Basic EPS	$6.21	$3.45
Diluted EPS	$5.64	$2.96

Shares outstanding (basic)	3.8	3.4
Shares outstanding (diluted)	4.2	4.0

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