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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | S-1/A |
Interest income: |
Interest income on loans | 94.4 | 60.8 | 52.0 | 42.0 | 37.0 | 30.9 | 27.7 |
Interest income on investments | 2.1 | 0.8 | 0.9 | 1.3 | 1.1 | 2.1 | |
Interest income on repurchase agreements | 2.2 | 0.4 | 0.5 | 1.7 | 0.7 | 0.3 | |
| 100.5 | 62.0 | 53.3 | 45.1 | 38.8 | 33.3 | 29.5 |
Interest on deposits | 13.0 | 3.5 | 5.8 | 12.3 | 6.5 | 3.8 | |
Total interest expense | 17.3 | 5.4 | 7.2 | 13.0 | 8.2 | 5.8 | 5.1 |
Net interest income | 83.2 | 56.6 | 46.1 | 32.1 | 30.6 | 27.6 | 24.5 |
Provision for loan losses | 3.7 | 1.2 | 4.7 | 0.7 | 0.2 | 0.8 | |
Net interest income after provision for loan losses | 79.5 | 55.4 | 41.4 | 31.4 | 30.4 | 26.8 | 24.5 |
Gain on sale of investments, net | | | | | | | 0.1 |
Other non-interest income | 28.4 | 40.0 | 51.2 | 32.6 | 27.2 | 27.7 | 29.8 |
Total non-interest income | 28.4 | 40.0 | 51.2 | 32.6 | 27.2 | 27.7 | 29.9 |
Non-interest expenses | 79.1 | 68.1 | 59.5 | 53.8 | 50.2 | 49.5 | 49.8 |
Pre-tax income before non-recurring items | 28.8 | 27.3 | 33.6 | 11.6 | 7.4 | 5.8 | 3.6 |
Non-recurring items | 0.0 | | 0.6 | 1.4 | | 0.8 | |
Pre-tax income | 28.8 | 27.3 | 33.1 | 10.2 | 7.4 | 5.0 | 3.6 |
Income taxes | 7.1 | 6.7 | 8.5 | 2.2 | 1.8 | 3.0 | 1.3 |
Tax rate | 24.7% | 24.5% | 25.8% | 21.4% | 23.9% | 59.6% | 35.5% |
Net income | 21.7 | 20.6 | 24.5 | 8.0 | 4.3 | -0.3 | 2.3 |
Net margin | 20.1% | 21.6% | 26.5% | 12.5% | 7.4% | -0.5% | 4.2% |
|
Basic EPS | $2.29 | $2.58 | $3.11 | $1.02 | $0.64 | ($0.05) | |
Diluted EPS | $2.23 | $2.50 | $3.08 | $1.01 | $0.63 | ($0.05) | |
|
Shares outstanding (basic) | 9.5 | 8.0 | 7.9 | 7.9 | 6.7 | 5.6 | |
Shares outstanding (diluted) | 9.7 | 8.2 | 8.0 | 7.9 | 6.8 | 5.6 | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |