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CARDINAL FINANCIAL CORP (CFNL)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  127.4114.9104.286.284.678.273.465.5
        Interest income on investments  12.712.212.40.30.30.1 0.0
        Interest income on repurchase agreements  0.20.10.10.30.20.10.00.1
       153.5140.5128.9114.1115.1102.996.686.7
        Interest on deposits  18.416.212.313.014.813.615.623.7
    Total interest expense  25.624.121.221.824.023.727.636.2
Net interest income  127.9116.4107.792.391.079.269.050.5
Provision for loan losses  -0.31.41.90.07.16.910.56.8
Net interest income after provision for loan losses  128.1115.0105.892.483.972.358.543.8
        Deposit and loan fees  4.83.94.23.43.53.12.64.7
        Gain on sale of investments, net  4.61.21.20.3 2.40.70.8
        Other non-interest income  53.047.733.826.2 28.824.017.9
Total non-interest income  62.452.739.229.963.434.327.423.3
Non-interest expenses  115.296.396.284.679.364.559.552.4
Pre-tax income before non-recurring items  79.474.854.538.168.043.030.814.7
Non-recurring items  4.13.45.80.5    
Asset impairment       0.94.4 
Pre-tax income  75.371.448.737.768.042.126.514.7
Income taxes  24.824.116.012.222.714.18.04.4
            Tax rate  33.0%33.7%32.9%32.3%33.3%33.5%30.3%29.8%
Net income  50.547.332.725.545.328.018.410.3
            Net margin  26.5%28.2%22.5%20.9%30.8%26.3%21.5%15.4%
   
Basic EPS  $1.52$1.45$1.01$0.83$1.53$0.95$0.63$0.38
Diluted EPS  $1.50$1.43$1.00$0.82$1.51$0.94$0.62$0.37
   
Shares outstanding (basic)  33.232.732.430.729.729.429.127.2
Shares outstanding (diluted)  33.733.232.831.130.029.829.627.7
   
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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