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Income Statement
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Reliant Bancorp, Inc. (RBNC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  119.368.458.434.231.926.014.710.4
        Interest income on investments  6.68.68.44.62.92.11.7 
        Interest income on repurchase agreements  1.01.31.10.50.40.30.2 
       130.379.269.240.236.029.917.211.1
    Interest expense:  
        Interest on deposits         1.4
       22.223.415.45.73.42.71.61.7
Net interest income  108.055.853.834.532.727.228.09.4
Provision for loan losses  8.41.21.01.31.0-0.3-1.50.5
Net interest income after provision for loan losses  99.754.652.833.231.727.429.58.9
        Deposit and loan fees      1.21.00.6 
        Gain on sale of investments, net      0.0-0.40.1 
        Other non-interest income  21.612.09.76.07.511.83.81.1
Total non-interest income  21.612.09.76.08.812.44.61.1
Non-interest expenses  83.253.950.631.130.431.617.27.0
Pre-tax income before non-recurring items  44.914.314.79.510.18.34.52.9
Non-recurring items  6.91.62.81.4    
Pre-tax income  38.012.711.98.110.18.34.52.9
Income taxes  6.92.11.41.92.22.31.81.0
            Tax rate  18.2%16.8%11.5%24.0%21.9%27.5%40.1%34.7%
Minority interest  -0.3-5.7-3.6-1.1-1.00.41.2 
Net income  31.416.214.17.28.95.61.51.9
            Net margin  25.9%24.3%22.6%18.5%22.1%14.0%4.5%19.1%
   
Basic EPS  $2.03$1.44$1.24$0.89$1.18$0.88$0.38$0.62
Diluted EPS  $2.03$1.44$1.24$0.88$1.16$0.86$0.38$0.62
   
Shares outstanding (basic)  15.411.211.48.27.66.34.03.1
Shares outstanding (diluted)  15.411.211.48.27.76.54.13.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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