OCEANFIRST FINANCIAL CORP (OCFC) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	390.4	315.2	1,558.5	307.8	1,517.3	170.6	1,930.0	121.5
	431.2	342.1	379.6	308.8	276.7	188.8	133.4	85.9
Interest expense:
Interest on deposits		25.2	48.3	38.4	22.6	12.3	7.5	4.3
Interest on borrowings	22.7		7.0	8.4	7.9	4.5	4.5	10.7
	53.7	110.0	1,793.8	607.2	1,724.4	58.7	2,155.3	152.8
Net interest income	377.5	305.3	313.0	256.0	240.5	169.2	120.3	76.8
Provision for loan losses		-11.8	59.4	1.6	3.5	4.4	2.6	1.3
Net interest income after provision for loan losses	377.5	317.2	253.5	254.3	237.0	164.8	117.6	75.6
Deposit and loan fees	22.8							8.4
Other non-interest income	6.6	51.9	73.9	42.2	34.8	27.1	20.4	8.0
Total non-interest income	29.4	51.9	73.9	42.2	34.8	27.1	20.4	16.4
Non-interest expenses		233.0	251.3	191.4	190.1	129.1	105.7	62.8
Pre-tax income before non-recurring items	196.7	143.7	97.0	117.9	112.4	73.6	51.7	33.1
Non-recurring items	2.7	1.5	15.9	10.5	26.9	8.3	16.5	1.9
Pre-tax income	193.9	142.2	81.0	107.4	85.5	65.3	35.2	31.2
Income taxes	46.6	32.2	17.7	18.8	13.6	22.9	12.2	10.9
Tax rate	24.0%	22.6%	21.9%	17.5%	15.9%	35.0%	34.5%	34.9%
Minority interest	0.8
Net income	142.6	-106.1	-61.2	-88.6	-71.9	42.5	23.0	20.3
Net margin	35.0%	-28.7%	-18.7%	-29.9%	-26.5%	22.1%	16.7%	22.1%

Basic EPS	$2.43	($1.79)	($1.02)	($1.77)	($1.54)	$1.32	$1.00	$1.22
Diluted EPS	$2.42	($1.78)	($1.02)	($1.75)	($1.51)	$1.28	$0.98	$1.21

Shares outstanding (basic)	58.7	59.4	59.9	50.2	46.8	32.1	23.1	16.6
Shares outstanding (diluted)	58.9	59.6	60.1	50.7	47.7	33.1	23.5	16.8

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