SMARTFINANCIAL INC. (SMBK) [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
	10-K	10-K	10-K	10-K	10-K	10-K/A	10-K	10-K
Interest income:
Interest income on loans	136.4	118.6	112.3	101.0	86.5	48,805.6	39.8	25.7
Interest income on investments	14.0	5.0	3.8	4.8	4.1		2.6	1.9
	158.8	125.2	117.6	108.5	92.2	52,022.4	42.6	27.8
Interest expense:
Interest on deposits	18.2	8.8	13.6	21.9	14.3		4.1	2.6
	21.3	11.8	16.7	24.6	15.6	5,693.4	4.3	2.8
Net interest income	137.5	113.4	100.9	83.9	76.6	57,715.7	38.3	25.0
Provision for loan losses	4.0	1.6	8.7	2.6	2.9	782.7	0.8	0.9
Net interest income after provision for loan losses	133.5	111.8	92.2	81.3	73.7	56,933.1	37.5	24.1
Deposit and loan fees	5.9	4.7	3.4	2.9			1.1	0.9
Gain on sale of investments, net							0.2	0.1
Other non-interest income	21.9	19.3	12.0	12.4	6.6		2.9	1.3
Total non-interest income	27.7	23.9	15.4	15.3	6.6		4.2	2.2
Non-interest expenses	106.3	91.4	76.7	63.2	59.0	39,129.8	32.5	23.2
Pre-tax income before non-recurring items	55.5	48.0	35.5	36.7	25.1	13,860.9	9.2	3.2
Non-recurring items	0.6	3.7	4.6	3.2	3.8	2,417.1
Pre-tax income	54.9	44.3	30.9	33.4	21.3	11,443.9	9.2	3.2
Income taxes	11.9	9.5	6.6	6.9	3.2	6,428.8	3.4	1.6
Tax rate	21.6%	21.5%	21.2%	20.6%	15.2%	56.2%	36.7%	52.1%
Net income	43.0	34.8	24.3	26.5	18.1	5,015.1	4.8	1.4
Net margin	26.7%	25.6%	22.6%	27.5%	22.5%	8.3%	11.5%	5.3%

Basic EPS	$2.57	$2.23	$1.63	$1.89	$1.45	$0.58	$0.78	$0.32
Diluted EPS	$2.55	$2.22	$1.62	$1.89	$1.45	$0.58	$0.78	$0.32

Shares outstanding (basic)	16.7	15.6	15.0	14.0	12.5	8,639.2	6.1	4.3
Shares outstanding (diluted)	16.9	15.7	15.0	14.0	12.5	8,639.2	6.1	4.3

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