BAR HARBOR BANKSHARES (BHB) [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	146.1	139.1	136.5	116.6	116.0	115.3	56.7	52.0
Revenue growth	5.0%	1.9%	17.1%	0.5%	0.6%	103.3%	9.1%	4.6%
Cost of goods sold	66.2	63.5	65.7	59.2	53.4	50.7	24.4	22.5
Gross profit	79.9	75.7	70.8	57.3	62.7	64.7	32.4	29.6
Gross margin	54.7%	54.4%	51.9%	49.2%	54.0%	56.1%	57.0%	56.8%
Selling, general and administrative
Sales and marketing	1.6	1.5	1.4	1.9	1.7	0.9
Research and development	0.9	0.9	0.9	0.8	0.8	1.3	0.6	0.4
General and administrative	1.6	1.8	2.1	2.2	1.5	1.7	1.5	1.5
EBITA	76.1	54.5	50.8	37.1	60.4	46.8	32.9	27.8
EBITA margin	52.1%	39.1%	37.2%	31.8%	52.0%	40.6%	58.0%	53.3%
Amortization of intangibles	0.9	0.9	2.0	0.9	0.8	0.8	0.1	0.1
EBIT	75.1	53.5	48.8	36.3	59.6	46.0	32.8	27.7
EBIT margin	51.4%	38.5%	35.7%	31.1%	51.3%	39.9%	57.9%	53.2%
Pre-tax income	54.8	48.6	41.7	26.8	40.5	42.6	20.8	21.1
Income taxes	11.3	9.3	8.4	4.2	7.6	16.6	5.9	6.0
Tax rate	20.6%	19.2%	20.2%	15.7%	18.7%	39.0%	28.2%	28.3%
Net income	43.6	39.3	33.2	22.6	32.9	26.0	14.9	15.2
Net margin	29.8%	28.2%	24.4%	19.4%	28.4%	22.5%	26.3%	29.1%

Diluted EPS	$2.88	$2.61	$2.18	$1.45	$2.12	$1.70	$1.63	$1.67
Shares outstanding (diluted)	15.1	15.0	15.3	15.6	15.6	15.3	9.1	9.1

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