In millions, except per share items | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
| 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 180.2 | 183.7 | 180.1 | 182.7 | 209.2 |
Interest income on investments | 28.4 | 26.9 | 17.0 | 9.5 | 9.5 |
Interest income on repurchase agreements | 3.1 | 1.7 | 0.1 | 0.5 | |
| 219.4 | 218.4 | 202.8 | 193.4 | 220.9 |
Interest expense: |
Interest on deposits | 28.2 | 29.6 | 32.1 | 48.2 | 89.1 |
Interest on borrowings | 3.1 | 3.5 | 3.5 | 13.1 | 11.0 |
| 36.5 | 38.7 | 42.5 | 66.1 | 104.8 |
Net interest income | 182.9 | 179.7 | 160.4 | 127.3 | 116.1 |
Provision for loan losses | 21.8 | 83.2 | 66.7 | 22.8 | 5.5 |
Net interest income after provision for loan losses | 161.2 | 96.5 | 93.7 | 104.5 | 110.6 |
Deposit and loan fees | 8.2 | 8.4 | 9.1 | | |
Gain on sale of investments, net | -11.3 | 2.0 | 0.3 | | |
Other non-interest income | 480.9 | 421.7 | 325.5 | 119.1 | |
Total non-interest income | 477.8 | 432.2 | 334.9 | 119.1 | 84.3 |
Non-interest expenses | 554.0 | 480.0 | 382.2 | 186.0 | 150.8 |
Pre-tax income | 84.9 | 48.6 | 46.4 | 37.6 | 44.0 |
Income taxes | 30.1 | 15.4 | 14.9 | 13.0 | 14.9 |
Tax rate | 35.4% | 31.7% | 32.0% | 34.7% | 33.8% |
Minority interest | 1.7 | 0.8 | 0.2 | 0.4 | 0.5 |
Net income | 45.7 | 26.8 | 25.6 | 24.1 | 28.6 |
Net margin | 6.9% | 4.4% | 5.2% | 10.8% | 14.7% |
|
Basic EPS | $1.39 | $0.82 | $0.79 | $0.92 | $1.10 |
Diluted EPS | $1.36 | $0.80 | $0.77 | $0.92 | $1.09 |
|
Shares outstanding (basic) | 32.9 | 32.7 | 32.4 | 26.2 | 26.0 |
Shares outstanding (diluted) | 33.6 | 33.6 | 33.3 | 26.2 | 26.2 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |