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 | Dec-31-15 |
| 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 582.8 | 393.2 | 460.4 | 463.2 | 260.5 | 229.1 | 194.3 | 162.5 |
Interest income on investments | | 5.5 | 4.6 | 4.0 | 4.4 | 4.6 | 4.9 | 3.7 |
| 590.3 | 456.4 | 514.4 | 521.1 | 293.0 | 254.7 | 216.6 | 182.6 |
Interest expense: |
Interest on deposits | 28.2 | 14.9 | 39.3 | 60.1 | 29.1 | 14.9 | 9.4 | 7.2 |
Interest on borrowings | | 0.0 | 2.0 | 5.5 | 8.4 | 8.3 | 4.7 | 3.0 |
| 28.2 | 22.7 | 48.5 | 76.1 | 46.5 | 33.5 | 22.8 | 15.8 |
Net interest income | 662.9 | 433.6 | 466.0 | 444.9 | 246.5 | 221.3 | 193.7 | 166.8 |
Provision for loan losses | | | | | | 11.0 | 13.0 | 7.8 |
Net interest income after provision for loan losses | 662.9 | 433.6 | 466.0 | 444.9 | 246.5 | 210.3 | 180.8 | 159.0 |
Deposit and loan fees | | | | | | | | 16.7 |
Gain on sale of investments, net | | | | | | | | 1.5 |
Other non-interest income | 54.4 | 185.5 | 201.0 | 188.1 | 162.5 | 124.6 | 105.1 | 72.1 |
Total non-interest income | 54.4 | 185.5 | 201.0 | 188.1 | 162.5 | 124.6 | 105.1 | 90.3 |
Non-interest expenses | | 378.5 | 368.8 | 413.1 | 225.0 | 226.5 | 188.7 | 165.5 |
Pre-tax income before non-recurring items | 323.1 | 359.0 | 145.5 | 210.5 | 170.8 | 108.5 | 97.2 | 83.8 |
Non-recurring items | 22.5 | 1.3 | 0.5 | 16.1 | | | | |
Pre-tax income | 300.6 | 357.7 | 145.0 | 194.4 | 170.8 | 108.5 | 97.2 | 83.8 |
Income taxes | 78.0 | 86.1 | 31.6 | 46.5 | 36.1 | 58.2 | 33.1 | 30.3 |
Tax rate | 25.9% | 24.1% | 21.8% | 23.9% | 21.1% | 53.7% | 34.0% | 36.1% |
Minority interest | | 0.2 | -1.5 | -0.9 | | | | |
Net income | 222.6 | 271.4 | 114.8 | 148.8 | 134.7 | 50.2 | 64.1 | 53.5 |
Net margin | 31.6% | 43.8% | 17.2% | 23.5% | 32.9% | 15.0% | 22.4% | 21.5% |
|
Basic EPS | | $5.71 | $2.27 | $3.02 | $4.27 | $1.60 | $2.12 | $1.88 |
Diluted EPS | | $5.69 | $2.27 | $3.00 | $4.19 | $1.56 | $2.06 | $1.85 |
|
Shares outstanding (basic) | | 47.5 | 50.5 | 49.3 | 31.6 | 31.4 | 30.3 | 28.4 |
Shares outstanding (diluted) | | 47.7 | 50.5 | 49.6 | 32.2 | 32.3 | 31.1 | 28.9 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |