CAMDEN NATIONAL CORP (CAC) [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
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	144.7	125.4	134.0	143.4	128.5	114.6	109.2	81.2
Interest income on investments	26.4	21.9	21.7	22.2	20.4	19.6	18.9	17.3
	172.8	148.5	157.2	168.5	151.4	136.1	129.6	99.1
Interest expense:
Interest on deposits	20.3	7.9	15.5	34.0	20.1	11.8	8.6	6.5
	25.1	11.0	20.9	40.9	31.0	20.8	16.6	12.7
Net interest income	147.7	137.4	136.3	127.6	120.4	115.3	113.1	86.5
Provision for loan losses	4.5	-3.2	12.4	2.9	0.8	3.0	5.3	1.9
Net interest income after provision for loan losses	143.2	140.6	123.9	124.8	119.5	112.3	107.8	84.5
Deposit and loan fees							7.2	6.4
Gain on sale of investments, net							0.1	0.0
Other non-interest income	40.7	49.7	50.5	42.1	38.2	38.6	32.4	21.1
Total non-interest income	40.7	49.7	50.5	42.1	38.2	38.6	39.6	27.5
Non-interest expenses	106.8	103.7	100.0	95.3	91.9	88.5	89.9	81.1
Pre-tax income before non-recurring items	77.0	86.6	74.4	71.6	65.8	62.4	58.4	41.3
Non-recurring items							0.9	10.4
Pre-tax income	77.0	86.6	74.4	71.6	65.8	62.4	57.5	30.9
Income taxes	15.6	17.6	14.9	14.4	12.7	33.9	17.5	9.9
Tax rate	20.3%	20.3%	20.0%	20.1%	19.3%	54.3%	30.4%	32.1%
Net income	61.4	69.0	59.5	57.2	53.1	28.5	40.1	21.0
Net margin	33.4%	36.3%	34.1%	34.3%	33.6%	18.9%	27.2%	18.7%

Basic EPS	$4.20	$4.63	$3.97	$3.71	$3.41	$1.84	$2.60	$1.74
Diluted EPS	$4.18	$4.61	$3.96	$3.70	$3.40	$1.83	$2.58	$1.74

Shares outstanding (basic)	14.6	14.9	15.0	15.4	15.6	15.5	15.4	12.0
Shares outstanding (diluted)	14.7	15.0	15.0	15.5	15.6	15.6	15.5	12.1

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