Stellar Bancorp, Inc. (CBTX) [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	258.6	239.4	183.5	154.6	138.9	123.2	118.0	112.8
Revenue growth	8.0%	30.5%	18.7%	11.3%	12.8%	4.4%	4.6%
Cost of goods sold	117.9	99.3	88.1	9.5	9.4	9.2	10.1	9.8
Gross profit	140.7	140.1	95.3	145.1	129.5	114.0	107.9	103.0
Gross margin	54.4%	58.5%	52.0%	93.9%	93.2%	92.6%	91.4%	91.3%
Sales and marketing	2.5	1.7	1.6	1.8	1.8	1.5	0.8	0.9
Research and development							1.4	1.4
General and administrative	16.7	13.3	12.5	69.5	60.8	55.6	49.2	4.9
EBITA	116.6	120.9	77.6	57.2	54.0	42.8	38.5	36.3
EBITA margin	45.1%	50.5%	42.3%	37.0%	38.9%	34.8%	32.7%	32.2%
Amortization of intangibles	9.3	3.3	3.9	0.9	1.0	1.1	1.2	1.3
EBIT	107.3	117.6	73.6	56.3	53.0	41.8	37.4	35.0
EBIT margin	41.5%	49.1%	40.1%	36.4%	38.2%	33.9%	31.7%	31.0%
Pre-tax income	62.5	99.9	56.0	62.1	58.7	44.0	39.2	34.9
Income taxes	11.1	18.3	10.4	11.6	11.4	16.5	12.0	10.8
Tax rate	17.7%	18.4%	18.6%	18.6%	19.4%	37.4%	30.6%	30.9%
Net income	51.4	81.6	45.5	50.5	47.3	27.6	27.2	24.1
Net margin	19.9%	34.1%	24.8%	32.7%	34.0%	22.4%	23.1%	21.4%

Diluted EPS	$1.47	$2.82	$1.56	$2.02	$1.89	$1.22	$1.22	$1.06
Shares outstanding (diluted)	35.0	28.9	29.1	25.1	25.0	22.6	22.2	22.7

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