Silvergate Capital Corp (SI) [Rocket]

In millions, except per share items	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21
	8-K	10-Q	8-K	10-Q	10-K	10-Q	8-K	10-Q
Interest income:
Interest income on loans	21.0	20.7	22.1	18.3	17.9	17.0	17.2	16.6
Interest income on investments		61.8		31.0	17.6	19.0		5.3
	114.1	90.8	71.6	50.8	38.5	37.9	30.7	23.3
Interest expense:
Interest on deposits		5.2		0.0	0.0	0.0		0.0
Interest on borrowings	41.9
	60.4	9.9	1.0	0.3	0.3	0.3	0.3	0.3
Net interest income	174.6	80.9	72.6	50.5	38.2	37.7	31.0	23.0
Net interest income after provision for loan losses	174.6	80.9	72.6	50.5	38.2	37.7	31.0	23.0
Other non-interest income	0.5	8.5	9.2	9.5	11.1	14.0	12.1	8.1
Total non-interest income	0.5	8.5	9.2	9.5	11.1	14.0	12.1	8.1
Non-interest expenses	238.5	33.2	30.6	28.0	25.7	22.3	21.5	19.6
Asset impairment	196.2
Pre-tax income	-1,071.6	56.8	49.2	34.4	23.6	29.4	20.9	11.5
Income taxes	-24.3	13.5	10.6	7.0	2.2	5.9	0.0	-1.2
Tax rate	2.3%	23.7%	21.5%	20.4%	9.4%	20.0%
Net income	-1,049.9	40.6	35.9	24.7	18.4	23.5	20.9	12.7
Net margin	-599.8%	45.5%	43.9%	41.2%	37.3%	45.4%	48.7%	40.9%

Basic EPS	($33.16)	$1.28	$1.14	$0.79	$0.72	$0.89	$0.81	$0.56
Diluted EPS	($33.16)	$1.28	$1.13	$0.79	$0.71	$0.88	$0.80	$0.55

Shares outstanding (basic)	31.7	31.7	31.6	31.2	25.6	26.5	25.7	22.5
Shares outstanding (diluted)	31.7	31.8	31.8	31.4	25.9	26.8	26.1	23.0

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