ConnectOne Bancorp, Inc. (CNOB) [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	297.6	284.1	211.4	194.4	141.6	147.3	101.4	115.7
Revenue growth	4.8%	34.4%	8.8%	37.3%	-3.9%	45.3%	-12.4%	40.8%
Cost of goods sold	91.2	76.0	72.8	58.7	47.9	43.0	39.3	35.3
Gross profit	206.5	208.1	138.6	135.6	93.7	104.2	62.1	80.4
Gross margin	69.4%	73.3%	65.6%	69.8%	66.2%	70.8%	61.2%	69.5%
Sales and marketing	1.7	1.3	1.2	1.4	1.0	1.0	1.0	0.8
General and administrative	19.2	19.6	13.4	10.0	8.0	7.4	7.1	6.7
EBITA	185.6	187.9	124.0	94.8	84.8	53.6	39.4	55.8
EBITA margin	62.4%	66.1%	58.7%	48.8%	59.9%	36.4%	38.9%	48.2%
Amortization of intangibles	1.7	2.0	2.6	1.4	0.6	0.7	0.8	0.9
EBIT	183.9	185.9	121.5	93.4	84.1	52.9	38.6	54.9
EBIT margin	61.8%	65.4%	57.5%	48.0%	59.4%	35.9%	38.1%	47.4%
Pre-tax income	171.2	175.1	90.4	94.0	71.1	68.5	42.9	61.2
Income taxes	46.0	44.7	19.1	20.6	10.8	25.3	11.8	19.9
Tax rate	26.9%	25.5%	21.1%	21.9%	15.2%	36.9%	27.5%	32.5%
Net income	119.2	128.6	71.3	73.4	60.4	43.2	31.1	41.2
Net margin	40.0%	45.3%	33.7%	37.8%	42.6%	29.3%	30.6%	35.6%

Diluted EPS	$3.02	$3.23	$1.80	$2.07	$1.86	$1.34	$1.01	$1.36
Shares outstanding (diluted)	39.5	39.9	39.6	35.5	32.4	32.3	30.8	30.3

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