RBB Bancorp (RBB) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K/A	10-K	10-K	10-K
Interest income:
Interest income on loans	141.6	133.9	135.2	97.5	70.3	65.9	41.0
Interest income on investments	3.4	3.0	2.7	2.4	1.4	0.9	0.6
Interest income on repurchase agreements	0.7	1.0	1.1	0.6	1.0	0.3	0.2
	147.1	139.1	141.7	102.1	74.1	68.2	42.5
Total interest expense	22.7	34.4	44.9	23.6	13.9	11.7	6.9
Net interest income	124.3	104.8	96.9	78.5	60.2	56.5	35.6
Provision for loan losses	4.0	11.8	2.4	4.5	-1.1
Net interest income after provision for loan losses	120.4	92.9	94.5	74.0	61.2	56.5	35.6
Deposit and loan fees							1.3
Gain on sale of investments, net	0.0	0.2	0.0	0.0			0.1
Other non-interest income	18.7	13.8	18.3	12.8	13.2	9.0	6.5
Total non-interest income	18.7	14.0	18.3	12.8	13.2	9.0	7.9
Non-interest expenses	46.8	47.4	45.0	40.6	27.6	27.9	20.1
Pre-tax income before non-recurring items	81.1	48.2	55.8	47.9	46.8	32.6	22.0
Non-recurring items	0.1	0.7	0.5	1.7	0.0	0.0
Pre-tax income	80.9	47.5	55.3	46.2	46.8	32.6	22.0
Income taxes	24.0	14.5	16.1	10.1	21.3	13.5	9.0
Tax rate	29.7%	30.6%	29.1%	21.9%	45.4%	41.4%	40.9%
Net income	56.9	32.9	39.2	36.1	25.5	19.1	13.0
Net margin	40.9%	30.8%	34.8%	41.6%	34.3%	29.2%	29.9%

Basic EPS	$2.93	$1.67	$1.96	$2.11	$1.81	$1.49	$1.02
Diluted EPS	$2.87	$1.65	$1.92	$2.01	$1.68	$1.39	$0.96

Shares outstanding (basic)	19.4	19.8	20.0	17.2	14.1	12.8	12.8
Shares outstanding (diluted)	19.8	19.9	20.4	18.0	15.2	13.7	13.6

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