CENTRAL VALLEY COMMUNITY BANCORP (CVCY) [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
Revenues	83.6	85.9	74.9	76.1	73.0	68.2	61.0	49.6
Revenue growth	-2.6%	14.6%	-1.5%	4.2%	7.0%	11.8%	23.1%	23.7%
Cost of goods sold	34.0	33.6	33.2	32.1	32.2	29.9	26.6	25.5
Gross profit	49.6	52.3	41.7	44.0	40.8	38.3	34.4	24.1
Gross margin	59.3%	60.9%	55.7%	57.8%	55.9%	56.1%	56.4%	48.5%
Selling, general and administrative
Sales and marketing	0.6	0.5	0.7	0.8	0.8	0.6	0.6	0.6
General and administrative	4.9	4.5	4.8	3.9	4.3	4.1	3.5	2.6
EBITA	53.4	54.6	40.2	43.2	41.8	41.9	38.1	28.5
EBITA margin	63.8%	63.6%	53.6%	56.7%	57.2%	61.4%	62.4%	57.5%
Amortization of intangibles	9.7	8.1	4.6	4.6	6.5	8.5	7.9	8.0
EBIT	43.7	46.5	35.6	38.6	35.3	33.4	30.2	20.5
EBIT margin	52.3%	54.2%	47.5%	50.7%	48.4%	48.9%	49.4%	41.3%
Pre-tax income	35.1	38.0	27.3	30.0	27.9	23.8	22.1	13.5
Income taxes	8.5	9.6	6.9	8.5	6.6	9.8	6.9	2.6
Tax rate	24.2%	25.3%	25.4%	28.4%	23.7%	41.1%	31.3%	19.1%
Net income	26.6	28.4	20.3	21.4	21.3	14.0	15.2	11.0
Net margin	31.9%	33.1%	27.1%	28.2%	29.2%	20.6%	24.9%	22.1%

Diluted EPS	$2.27	$2.31	$1.62	$1.59	$1.54	$1.10	$1.33	$1.00
Shares outstanding (diluted)	11.7	12.3	12.6	13.5	13.8	12.8	11.4	11.0

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