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Ladder Capital Corp (LADR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
    Total interest income  293.5176.1239.8330.2344.8263.7236.4241.5
    Total interest expense  195.6182.9227.5204.4194.3146.1120.8113.3
Net interest income  97.9352.212.4125.9150.5117.5115.5128.2
Net interest income after provision for loan losses  97.9352.212.4125.9150.5117.5115.5128.2
        Gain on sale of investments, net         -13.3
        Other non-interest income   8.4-1.654.816.554.026.071.1
Total non-interest income   8.4-1.654.816.554.026.057.7
Equity in earnings   1.61.83.40.80.10.40.4
Pre-tax income before non-recurring items  170.257.8-19.2138.3228.3133.6120.0160.7
Non-recurring items     -1.4    
Pre-tax income  170.257.8-19.2139.6228.3133.6120.0160.7
Income taxes  4.90.9-9.82.66.67.76.314.6
            Tax rate  2.9%1.6%50.9%1.9%2.9%5.8%5.3%9.1%
Net income  165.356.9-9.5137.0221.7125.9113.7146.1
            Net margin  168.8%15.8%-87.5%75.8%132.7%46.9%52.0%50.1%
   
Basic EPS  $1.33$0.46($0.08)$1.30$2.28$1.54$1.83$2.83
Diluted EPS  $1.31$0.46($0.08)$1.29$2.27$1.15$1.06$2.82
   
Shares outstanding (basic)  124.3123.8112.4105.597.281.962.051.7
Shares outstanding (diluted)  125.8124.6112.4106.497.7109.7107.651.9
   
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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