Princeton Bancorp, Inc. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21
	10-K	10-K
Interest income:
Interest income on loans	71.0	67.3
Interest income on investments	2.2	1.7
	74.1	69.3
Interest on deposits	6.0	6.7
Total interest expense	6.0	6.7
Net interest income	68.1	62.6
Provision for loan losses	0.4	3.6
Net interest income after provision for loan losses	67.7	59.0
Other non-interest income	4.9	4.7
Total non-interest income	4.9	4.7
Non-interest expenses	38.5	34.5
Pre-tax income	34.1	29.2
Income taxes	7.6	6.7
Tax rate	22.2%	23.0%
Net income	26.5	22.5
Net margin	36.5%	35.3%

Basic EPS	$4.19	$3.37
Diluted EPS	$4.11	$3.30

Shares outstanding (basic)	6.3	6.7
Shares outstanding (diluted)	6.4	6.8

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