In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Sep-30-17 | Sep-30-16 |
| 8-K | 10-K | 10-K | 10-K | 10-K | 8-K | 10-K | S-1/A |
Interest income: |
Interest income on loans | | 228.8 | 255.2 | 217.8 | 189.9 | | 164.8 | |
Interest income on investments | | | | | | 17.9 | | |
Interest income on repurchase agreements | | 0.4 | 0.4 | 0.6 | 1.2 | | 0.3 | |
| 309.7 | 270.2 | 295.7 | 261.1 | 226.3 | 189.3 | 184.2 | 169.0 |
Interest expense: |
Interest on deposits | | 29.1 | 55.2 | 61.6 | 39.5 | | 25.6 | |
Interest on borrowings | 15.0 | | | | | 19.0 | | 19.9 |
| 42.9 | 313.3 | 536.8 | 1,021.7 | 164.0 | 46.0 | 44.4 | 44.0 |
Net interest income | 266.8 | 233.1 | 221.6 | 172.4 | 164.0 | 143.3 | 139.8 | 125.0 |
Provision for loan losses | | | | | | 9.8 | 6.4 | 0.4 |
Net interest income after provision for loan losses | 266.8 | 233.1 | 221.6 | 172.4 | 164.0 | 133.5 | 133.4 | 124.6 |
Other non-interest income | 30.4 | 38.8 | 31.3 | 31.6 | 21.7 | 16.8 | 17.2 | 18.9 |
Total non-interest income | 30.4 | 38.8 | 31.3 | 31.6 | 21.7 | 16.8 | 17.2 | 18.9 |
Non-interest expenses | 174.8 | 155.7 | 158.1 | 128.7 | 145.4 | 105.4 | 103.4 | 93.8 |
Pre-tax income before non-recurring items | 119.7 | 127.0 | 78.2 | 73.8 | 33.0 | 44.9 | 47.1 | 49.8 |
Non-recurring items | 2.8 | 0.8 | 1.9 | 2.8 | -0.6 | | | |
Pre-tax income | 116.9 | 126.2 | 76.3 | 71.1 | 33.7 | 44.9 | 47.1 | 49.8 |
Income taxes | 30.7 | 34.1 | 18.7 | 16.4 | 10.9 | 20.1 | 16.0 | 16.8 |
Tax rate | 26.3% | 27.1% | 24.5% | 23.0% | 32.5% | 44.8% | 34.0% | 33.8% |
Net income | 86.2 | 92.0 | 57.6 | 54.7 | 22.7 | 24.8 | 31.1 | 33.0 |
Net margin | 28.7% | 33.8% | 22.8% | 26.8% | 12.2% | 16.5% | 20.6% | 23.0% |
|
Basic EPS | $0.82 | $0.88 | $0.52 | $0.49 | $0.20 | | | |
Diluted EPS | $0.81 | $0.88 | $0.52 | $0.49 | $0.20 | | | |
|
Shares outstanding (basic) | 105.6 | 104.2 | 109.8 | 111.1 | 111.4 | | | |
Shares outstanding (diluted) | 106.2 | 104.2 | 109.8 | 111.1 | 111.4 | | | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |