In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 119.3 | 68.4 | 58.4 | 34.2 | 31.9 | 26.0 | 14.7 | 10.4 |
Interest income on investments | 6.6 | 8.6 | 8.4 | 4.6 | 2.9 | 2.1 | 1.7 | |
Interest income on repurchase agreements | 1.0 | 1.3 | 1.1 | 0.5 | 0.4 | 0.3 | 0.2 | |
| 130.3 | 79.2 | 69.2 | 40.2 | 36.0 | 29.9 | 17.2 | 11.1 |
Interest expense: |
Interest on deposits | | | | | | | | 1.4 |
| 22.2 | 23.4 | 15.4 | 5.7 | 3.4 | 2.7 | 1.6 | 1.7 |
Net interest income | 108.0 | 55.8 | 53.8 | 34.5 | 32.7 | 27.2 | 28.0 | 9.4 |
Provision for loan losses | 8.4 | 1.2 | 1.0 | 1.3 | 1.0 | -0.3 | -1.5 | 0.5 |
Net interest income after provision for loan losses | 99.7 | 54.6 | 52.8 | 33.2 | 31.7 | 27.4 | 29.5 | 8.9 |
Deposit and loan fees | | | | | 1.2 | 1.0 | 0.6 | |
Gain on sale of investments, net | | | | | 0.0 | -0.4 | 0.1 | |
Other non-interest income | 21.6 | 12.0 | 9.7 | 6.0 | 7.5 | 11.8 | 3.8 | 1.1 |
Total non-interest income | 21.6 | 12.0 | 9.7 | 6.0 | 8.8 | 12.4 | 4.6 | 1.1 |
Non-interest expenses | 83.2 | 53.9 | 50.6 | 31.1 | 30.4 | 31.6 | 17.2 | 7.0 |
Pre-tax income before non-recurring items | 44.9 | 14.3 | 14.7 | 9.5 | 10.1 | 8.3 | 4.5 | 2.9 |
Non-recurring items | 6.9 | 1.6 | 2.8 | 1.4 | | | | |
Pre-tax income | 38.0 | 12.7 | 11.9 | 8.1 | 10.1 | 8.3 | 4.5 | 2.9 |
Income taxes | 6.9 | 2.1 | 1.4 | 1.9 | 2.2 | 2.3 | 1.8 | 1.0 |
Tax rate | 18.2% | 16.8% | 11.5% | 24.0% | 21.9% | 27.5% | 40.1% | 34.7% |
Minority interest | -0.3 | -5.7 | -3.6 | -1.1 | -1.0 | 0.4 | 1.2 | |
Net income | 31.4 | 16.2 | 14.1 | 7.2 | 8.9 | 5.6 | 1.5 | 1.9 |
Net margin | 25.9% | 24.3% | 22.6% | 18.5% | 22.1% | 14.0% | 4.5% | 19.1% |
|
Basic EPS | $2.03 | $1.44 | $1.24 | $0.89 | $1.18 | $0.88 | $0.38 | $0.62 |
Diluted EPS | $2.03 | $1.44 | $1.24 | $0.88 | $1.16 | $0.86 | $0.38 | $0.62 |
|
Shares outstanding (basic) | 15.4 | 11.2 | 11.4 | 8.2 | 7.6 | 6.3 | 4.0 | 3.1 |
Shares outstanding (diluted) | 15.4 | 11.2 | 11.4 | 8.2 | 7.7 | 6.5 | 4.1 | 3.1 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |