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 | 359.3 | 294.6 | 260.5 | 221.0 | 154.0 | 105.9 | 87.7 | 75.1 |
Interest income on investments | 22.8 | 17.3 | 18.0 | 16.4 | 14.1 | 14.0 | 14.6 | 17.3 |
| 385.0 | 314.6 | 282.5 | 239.6 | 169.6 | 120.5 | 102.8 | 92.9 |
Interest expense: |
Interest on deposits | 30.2 | 42.9 | 51.6 | 29.5 | 13.0 | 7.3 | | |
| 37.6 | 49.0 | 56.5 | 35.5 | 16.3 | 9.5 | 8.9 | 9.5 |
Net interest income | 347.4 | 265.7 | 226.0 | 204.1 | 153.3 | 111.0 | 93.9 | 83.4 |
Provision for loan losses | | | | 5.4 | -1.0 | -1.5 | -3.1 | -2.7 |
Net interest income after provision for loan losses | 347.4 | 265.7 | 226.0 | 198.7 | 154.2 | 112.4 | 96.9 | 86.1 |
Deposit and loan fees | | | | | | | 7.4 | 7.3 |
Gain on sale of investments, net | | | | | | | 1.8 | 2.0 |
Other non-interest income | 228.3 | 301.9 | 135.4 | 130.6 | 141.6 | 144.7 | 83.1 | 41.5 |
Total non-interest income | 228.3 | 301.9 | 135.4 | 130.6 | 141.6 | 144.7 | 92.4 | 50.8 |
Non-interest expenses | 373.6 | 377.1 | 244.8 | 223.5 | 222.3 | 194.8 | 138.5 | 102.2 |
Pre-tax income before non-recurring items | 243.4 | 117.3 | 114.8 | 107.8 | 91.9 | 65.5 | 54.0 | 34.8 |
Non-recurring items | 0.3 | 34.8 | 5.3 | 1.9 | 18.4 | 3.2 | 3.2 | 0.0 |
Pre-tax income | 243.1 | 82.5 | 109.5 | 105.9 | 73.5 | 62.3 | 50.8 | 34.7 |
Income taxes | 52.8 | 18.8 | 25.7 | 25.6 | 21.1 | 21.7 | 3.0 | 2.3 |
Tax rate | 21.7% | 22.8% | 23.5% | 24.2% | 28.7% | 34.9% | 5.8% | 6.5% |
Minority interest | 0.0 | 0.0 | | | | | | |
Earnings from continuing ops | 190.3 | 63.6 | 83.8 | 80.2 | 52.4 | 39.4 | 33.0 | 22.4 |
Earnings from discontinued ops | | | | | | 40.6 | 47.9 | 32.5 |
Net income | 190.3 | 63.6 | 83.8 | 80.2 | 52.4 | 39.4 | 33.0 | 22.4 |
Net margin | 33.1% | 11.2% | 23.2% | 24.4% | 17.7% | 15.3% | 17.4% | 16.3% |
|
Basic EPS | $4.01 | $1.69 | $2.72 | $2.62 | $1.90 | $2.06 | $1.92 | $1.30 |
Diluted EPS | $3.97 | $1.67 | $2.67 | $2.56 | $1.86 | $2.04 | $1.92 | $1.30 |
|
Shares outstanding (basic) | 47.4 | 37.6 | 30.9 | 30.7 | 27.6 | 19.2 | 17.2 | 17.2 |
Shares outstanding (diluted) | 48.0 | 38.1 | 31.4 | 31.3 | 28.2 | 19.3 | 17.2 | 17.2 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |