SOUTH PLAINS FINANCIAL, INC. (SPFI) [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
	10-K	10-K	10-K	10-K	10-K	S-1/A
Interest income:
Interest income on loans	138.0	120.5	121.7	116.9	105.7
Interest income on investments	19.5	14.1	15.8	9.9	8.4
	161.2	135.0	138.2	132.9	118.1
Interest on deposits	17.0	8.3	11.9	22.5	17.6
Total interest expense	22.7	13.3	15.9	28.4	22.5
Net interest income	138.5	121.8	122.3	104.6	95.6
Provision for loan losses					6.9
Net interest income after provision for loan losses	138.5	121.8	122.3	104.6	88.7	0.0
Deposit and loan fees	6.8	7.0	7.0	8.1	7.8
Other non-interest income	69.3	90.5	94.6	48.5	44.3
Total non-interest income	76.1	97.5	101.6	56.6	52.1
Non-interest expenses	144.1	148.0	141.7	121.7	115.4	108.1
Pre-tax income	73.2	73.1	56.6	36.7	25.4	0.0
Income taxes	14.9	14.5	11.3	7.5	-3.9	0.0
Tax rate	20.4%	19.8%	19.9%	20.4%
Net income	58.2	58.6	45.4	29.2	29.3	0.0
Net margin	25.8%	25.8%	19.6%	17.4%	20.8%

Basic EPS	$3.35	$3.26	$2.51	$1.74	$1.98
Diluted EPS	$3.23	$3.17	$2.47	$1.71	$1.98

Shares outstanding (basic)	17.4	18.0	18.1	16.8	14.8
Shares outstanding (diluted)	18.0	18.5	18.3	17.0	14.8

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