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 | 278.0 | 219.0 | 213.1 | 220.8 | 208.6 | 163.7 | 121.3 | 117.9 |
Interest income on investments | 57.9 | 34.5 | 21.2 | 20.9 | 12.1 | 8.7 | 7.9 | 8.1 |
Interest income on repurchase agreements | 5.0 | 2.4 | 3.4 | 8.4 | 10.5 | 5.0 | 1.8 | 0.7 |
| 341.0 | 255.9 | 237.7 | 250.1 | 231.2 | 177.4 | 131.0 | 126.7 |
Interest expense: |
Interest on deposits | 11.3 | 7.9 | 16.3 | | | | | |
| 16.1 | 9.5 | 19.6 | 33.9 | 23.8 | 12.7 | 7.6 | 6.9 |
Net interest income | 324.9 | 246.4 | 218.1 | 216.2 | 207.4 | 164.7 | 123.4 | 119.7 |
Provision for loan losses | 12.4 | 15.0 | 35.0 | 2.3 | -3.6 | 0.7 | 0.0 | -0.8 |
Net interest income after provision for loan losses | 312.5 | 231.4 | 183.1 | 213.9 | 211.0 | 164.0 | 123.4 | 120.5 |
Deposit and loan fees | 15.5 | 12.3 | 11.1 | 13.0 | 12.7 | 11.9 | 10.6 | 11.6 |
Gain on sale of investments, net | | | | | | | 0.0 | 0.0 |
Other non-interest income | 52.5 | 61.3 | 70.2 | 46.6 | 46.3 | 37.4 | 15.0 | 33.9 |
Total non-interest income | 68.0 | 73.6 | 81.3 | 59.5 | 58.9 | 49.2 | 25.6 | 45.5 |
Non-interest expenses | 195.2 | 184.7 | 161.3 | 157.2 | 156.5 | 145.5 | 106.8 | 98.1 |
Pre-tax income before non-recurring items | 190.3 | 137.2 | 103.1 | 116.5 | 115.8 | 75.8 | 43.6 | 42.8 |
Non-recurring items | 5.1 | 16.8 | | 0.2 | 2.4 | 8.1 | 1.4 | 1.7 |
Pre-tax income | 185.2 | 120.3 | 103.1 | 116.3 | 113.5 | 67.7 | 42.1 | 41.2 |
Income taxes | 38.3 | 24.7 | 21.7 | 24.2 | 24.2 | 21.8 | 14.6 | 14.1 |
Tax rate | 20.7% | 20.5% | 21.0% | 20.8% | 21.3% | 32.1% | 34.7% | 34.3% |
Net income | 146.9 | 95.6 | 81.5 | 92.0 | 89.3 | 46.0 | 27.3 | 26.4 |
Net margin | 38.6% | 31.4% | 30.8% | 33.7% | 33.1% | 21.6% | 18.4% | 15.9% |
|
Basic EPS | $4.14 | $3.20 | $2.83 | $3.12 | $3.02 | $1.82 | $1.37 | $1.34 |
Diluted EPS | $4.12 | $3.19 | $2.81 | $3.10 | $3.01 | $1.82 | $1.32 | $1.29 |
|
Shares outstanding (basic) | 35.5 | 29.9 | 28.8 | 29.5 | 29.6 | 25.2 | 20.0 | 19.8 |
Shares outstanding (diluted) | 35.7 | 30.0 | 29.0 | 29.7 | 29.7 | 25.3 | 20.7 | 20.5 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |