STERLING BANCORP (STL) [Rocket]

In millions, except per share items	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	84.0	75.3	73.2	71.8
Interest income on investments	6.3	6.4	4.8	1.9
	104.9	99.7	100.3	105.9
Interest expense:
	11.0	13.0	15.6	19.3
Net interest income	93.9	86.7	84.7	86.6
Net interest income after provision for loan losses	93.9	86.7	84.7	86.6
Gain on sale of investments, net	1.8	2.5	3.9	5.6
Other non-interest income	39.0	38.4	39.9	38.6
Total non-interest income	40.8	40.9	43.8	44.2
Non-interest expenses	95.9	93.8	90.8	88.5
Pre-tax income	28.6	21.8	9.2	14.3			26.4	36.6
Income taxes	8.5	4.2	2.2	4.9			5.4	13.1
Tax rate	29.9%	19.3%	23.5%	34.2%			20.4%	35.8%
Earnings from continuing ops	20.0	15.5	4.4	6.6			21.0	23.5
Earnings from discontinued ops							-0.6
Net income	20.0	15.5	4.4	6.6			10.8	24.0
Net margin	14.9%	12.2%	3.5%	5.1%			2.7%	6.9%

Basic EPS	$0.65	$0.52	$0.18	$0.37			$37,497,723.21	$19,231,728.69
Diluted EPS	$0.65	$0.52	$0.18	$0.37			$36,839,868.42	$18,770,167.20

Shares outstanding (basic)	30.8	30.0	24.5	18.1			0.0	0.0
Shares outstanding (diluted)	30.8	30.0	24.5	18.1			0.0	0.0

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