Claros Mortgage Trust, Inc. (CMTG) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K
Interest income on loans	386.7	413.2	363.1
Total interest income	415.3	445.9	389.4
Total interest expense	196.2	172.2	139.7
Net interest income	219.0	273.7	249.6
Pre-tax income	170.4	205.7	174.0
Income taxes	9.2	11.1	10.9
Tax rate	5.4%	5.4%	6.2%
Minority interest	-0.2	3.3	5.3
Net income	170.5	202.4	168.7
Net margin	69.0%	73.9%	67.6%

Basic EPS	$1.27	$1.52	$1.51
Diluted EPS	$1.27	$1.52	$1.51

Shares outstanding (basic)	134.5	133.0	111.5
Shares outstanding (diluted)	134.5	133.0	111.5

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