UMPQUA HOLDINGS CORP (UMPQ) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	890.5	951.4	1,051.1	972.1	871.3	843.6	869.4	763.8
Interest income on investments	66.3	53.8	63.6	84.4	66.7	55.3	57.5	56.1
	962.0	1,012.6	1,131.1	1,067.1	943.9	904.2	929.9	822.5
Interest on deposits	27.2	100.2	167.9	92.7	45.6	35.2	29.8	23.8
Total interest expense	42.4	130.1	210.4	128.5	78.2	66.1	58.2	48.7
Net interest income	919.6	882.5	920.6	938.6	865.7	838.1	871.6	773.8
Provision for loan losses	-42.7	204.9	72.5	55.9	47.3	41.7	36.6	40.2
Net interest income after provision for loan losses	962.3	677.7	848.1	882.7	818.4	796.4	835.0	733.6
Deposit and loan fees							59.7	54.7
Other non-interest income	356.3	412.0	339.8	279.4	278.5	301.7	216.0	126.5
Total non-interest income	356.3	412.0	339.8	279.4	278.5	301.7	275.7	181.2
Non-interest expenses	760.5	2,546.1	719.0	739.5	747.9	737.2	763.6	684.1
Pre-tax income before non-recurring items	573.3	328.5	468.9	422.7	358.4	376.5	392.7	313.0
Non-recurring items	15.2				9.3	15.5	45.6	82.3
Asset impairment		1,784.9
Pre-tax income	558.2	-1,456.4	468.9	422.7	349.0	361.0	347.1	230.7
Income taxes	137.9	67.0	114.8	106.4	106.7	130.9	124.6	83.0
Tax rate	24.7%		24.5%	25.2%	30.6%	36.3%	35.9%	36.0%
Net income	558.2	-1,456.4	468.9	316.3	242.3	229.9	222.2	147.2
Net margin	42.3%	-133.7%	39.5%	27.2%	22.1%	20.9%	20.0%	16.1%

Basic EPS	$2.55	($6.61)	$2.13	$1.44	$1.10	$1.04	$1.01	$0.79
Diluted EPS	$2.54	($6.61)	$2.13	$1.43	$1.10	$1.04	$1.01	$0.78

Shares outstanding (basic)	219.0	220.2	220.3	220.3	220.3	220.3	220.3	186.6
Shares outstanding (diluted)	219.6	220.2	220.7	220.7	220.8	220.9	221.0	187.5

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