Overview Financials News + Filings IR Vault Key Docs Charts Holdings Ownership Insiders
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| 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 | 983.8 | 820.5 | 993.7 | 1,273.5 | 1,125.0 | 846.3 | 684.6 | 594.7 |
| Interest income on investments | 63.2 | 42.8 | 17.5 | 8.7 | 2.8 | 1.1 | 1.0 | 1.3 |
| Interest income on repurchase agreements | | | | 1.5 | 3.8 | 2.5 | 1.5 | 0.7 |
| | 1,144.2 | 876.6 | 1,039.4 | 1,354.8 | 1,164.2 | 879.3 | 703.4 | 603.0 |
| Interest expense: |
| Interest on deposits | 190.7 | 65.5 | 146.1 | 293.5 | 185.1 | 79.9 | 37.2 | 24.6 |
| | 268.5 | 107.7 | 188.1 | 385.6 | 249.3 | 118.0 | 63.6 | 46.4 |
| Net interest income | 875.8 | 768.8 | 851.3 | 969.2 | 914.9 | 761.3 | 639.8 | 556.5 |
| Provision for loan losses | 66.0 | -30.0 | 258.0 | 75.0 | 87.0 | 44.0 | 77.0 | 53.3 |
| Net interest income after provision for loan losses | 809.8 | 798.8 | 593.3 | 894.2 | 827.9 | 717.3 | 562.8 | 503.3 |
| Deposit and loan fees | 22.9 | 18.7 | 11.6 | 11.3 | 12.8 | 12.4 | 10.3 | 8.3 |
| Gain on sale of investments, net | -7.9 | 2.3 | | | | | | |
| Other non-interest income | 334.5 | 117.3 | 191.4 | 91.0 | 65.2 | 61.8 | 50.4 | 39.4 |
| Total non-interest income | 349.5 | 138.2 | 203.0 | 102.4 | 78.0 | 74.3 | 60.8 | 47.7 |
| Non-interest expenses | 727.5 | 599.0 | 704.4 | 600.3 | 532.5 | 465.9 | 382.4 | 326.5 |
| Pre-tax income before non-recurring items | 680.3 | 338.1 | 109.7 | 397.7 | 373.4 | 325.7 | 241.2 | 224.5 |
| Non-recurring items | 248.5 | | 17.8 | 1.4 | | | | |
| Pre-tax income | 431.8 | 338.1 | 91.9 | 396.3 | 373.4 | 325.7 | 241.2 | 224.5 |
| Income taxes | -98.7 | -16.9 | 1.8 | 84.3 | 80.0 | 128.6 | 86.1 | 79.6 |
| Tax rate | | | 2.0% | 21.3% | 21.4% | 39.5% | 35.7% | 35.5% |
| Net income | 315.2 | 235.2 | 56.5 | 302.3 | 283.6 | 187.3 | 145.4 | 135.1 |
| Net margin | 27.2% | 25.1% | 7.1% | 30.3% | 31.3% | 23.7% | 23.3% | 24.5% |
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| Basic EPS | $6.25 | $4.65 | $1.12 | $6.01 | $5.68 | $3.78 | $3.14 | $2.95 |
| Diluted EPS | $6.18 | $4.60 | $1.12 | $6.00 | $5.64 | $3.73 | $3.11 | $2.91 |
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| Shares outstanding (basic) | 50.5 | 50.6 | 50.4 | 50.3 | 49.9 | 49.6 | 46.2 | 45.8 |
| Shares outstanding (diluted) | 51.0 | 51.1 | 50.6 | 50.4 | 50.3 | 50.3 | 46.8 | 46.4 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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