VANTAGESOUTH BANCSHARES, INC. (VSB) [Rocket]

In millions, except per share items	Mar-31-14	Dec-31-13	Sep-30-13	Jun-30-13	Mar-31-13	Dec-31-12	Sep-30-12	Jun-30-12
	10-Q	8-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Interest income:
Interest income on loans	80.8	71.6
	89.1	78.7
Interest expense:
Interest on deposits	4.9
Interest on borrowings	3.2	2.4
	9.8	8.7
Net interest income	79.3	70.1
Provision for loan losses	4.8	5.5
Net interest income after provision for loan losses	74.5	64.6
Deposit and loan fees	5.8	5.0
Other non-interest income	21.1	19.6
Total non-interest income	26.9	25.6
Non-interest expenses	86.7	80.6
Pre-tax income before non-recurring items	16.7	11.3
Non-recurring items	2.0
Pre-tax income	14.7	9.7
Income taxes	4.1	2.0
Tax rate	27.9%	20.9%
Net income	5.4	2.5
Net margin	5.4%	2.8%

Basic EPS	$0.11	$0.06
Diluted EPS	$0.11	$0.06

Shares outstanding (basic)	47.5	43.4
Shares outstanding (diluted)	47.7	43.5

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