In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 192.6 | 171.0 | 127.1 | 95.3 | 79.1 | 67.6 | 49.9 | 36.5 |
Interest income on investments | 28.8 | 37.9 | 42.5 | 42.2 | 36.4 | 32.0 | 30.7 | 32.0 |
Interest income on repurchase agreements | | | | 1.7 | 1.3 | 0.5 | 0.6 | 0.5 |
| 222.1 | 210.8 | 179.6 | 148.0 | 122.0 | 102.2 | 83.5 | 70.7 |
Interest expense: |
Interest on deposits | 5.6 | 13.3 | 34.4 | 25.9 | 14.4 | 11.4 | 13.1 | 10.8 |
| 11.2 | 15.9 | 38.3 | 27.1 | 15.3 | 12.3 | 13.6 | 11.3 |
Net interest income | 233.4 | 226.7 | 217.9 | 175.1 | 106.7 | 90.0 | 69.9 | 59.4 |
Provision for loan losses | 2.5 | 6.1 | | | 2.9 | 3.4 | 2.1 | 1.2 |
Net interest income after provision for loan losses | 230.8 | 220.6 | 217.9 | 175.1 | 103.8 | 86.6 | 67.8 | 58.2 |
Deposit and loan fees | | | | | | | 7.5 | 6.3 |
Gain on sale of investments, net | | | | | | | 14.4 | 0.5 |
Other non-interest income | 104.7 | 84.6 | 104.1 | 153.8 | 91.5 | 42.5 | 111.2 | 78.3 |
Total non-interest income | 104.7 | 84.6 | 104.1 | 153.8 | 91.5 | 42.5 | 133.1 | 85.0 |
Non-interest expenses | 168.4 | 164.8 | 168.5 | 151.3 | 154.9 | 198.6 | 194.1 | 136.0 |
Pre-tax income before non-recurring items | 151.0 | 113.4 | 77.8 | 127.6 | 45.0 | -62.8 | 10.6 | 9.4 |
Non-recurring items | 6.8 | 5.1 | 5.3 | 7.8 | 4.6 | 6.7 | 3.8 | 2.1 |
Pre-tax income | 144.2 | 108.3 | 72.5 | 119.8 | 40.4 | -69.5 | 6.8 | 7.3 |
Income taxes | 33.7 | 27.7 | 21.2 | 32.2 | 23.1 | -16.1 | 6.2 | 4.8 |
Tax rate | 23.4% | 25.6% | 29.3% | 26.9% | 57.1% | 23.2% | 90.6% | 65.9% |
Earnings from continuing ops | 110.4 | 80.6 | 51.3 | 87.5 | 17.3 | -56.8 | 5.4 | 21.8 |
Earnings from discontinued ops | 0.2 | -0.5 | 0.3 | 1.1 | 4.3 | -39.7 | 8.1 | 35.3 |
Net income | 110.7 | 80.1 | 51.6 | 88.7 | 21.7 | -96.5 | 13.4 | 21.8 |
Net margin | 33.0% | 26.2% | 549.9% | 27.0% | 11.1% | -74.7% | 6.7% | 15.2% |
|
Basic EPS | $1.93 | $1.40 | $0.90 | $1.55 | $0.31 | ($1.27) | $0.14 | $0.58 |
Diluted EPS | $1.88 | $1.38 | $0.89 | $1.53 | $0.31 | ($1.27) | $0.14 | $0.57 |
|
Shares outstanding (basic) | 57.2 | 57.5 | 56.8 | 56.3 | 55.7 | 44.6 | 37.8 | 37.7 |
Shares outstanding (diluted) | 58.8 | 58.4 | 57.3 | 57.1 | 56.2 | 44.6 | 38.1 | 38.3 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |