In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| 8-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | | 103.9 | 102.9 | 117.3 | 111.3 | 104.3 |
Interest income on investments | | 21.3 | 17.9 | 20.6 | 21.6 | 19.4 |
| | 128.2 | 124.1 | 143.7 | 137.4 | 127.6 |
Interest expense: |
Interest on deposits | | 2.5 | 4.2 | 7.9 | 5.9 | 5.0 |
Interest on borrowings | | 0.0 | 0.0 | 0.0 | 0.3 | 0.1 |
| | 12.7 | 15.5 | 27.7 | 21.8 | 18.1 |
Net interest income | 145.9 | 122.4 | 117.6 | 133.8 | 129.4 | 121.0 |
Provision for loan losses | | -8.1 | 10.5 | 3.4 | 5.7 | 3.1 |
Net interest income after provision for loan losses | 145.9 | 130.5 | 107.1 | 130.4 | 123.7 | 117.9 |
Other non-interest income | 34.7 | 37.3 | 34.5 | 32.8 | 31.2 | 33.2 |
Total non-interest income | 34.7 | 37.3 | 34.5 | 32.8 | 31.2 | 33.2 |
Non-interest expenses | | 91.2 | 92.0 | 91.0 | 90.3 | 94.1 |
Pre-tax income before non-recurring items | 81.8 | 76.6 | 49.6 | 72.1 | 63.3 | 57.3 |
Non-recurring items | | | | | -1.3 | 0.3 |
Pre-tax income | 81.8 | 76.6 | 49.6 | 72.1 | 64.7 | 57.0 |
Income taxes | 21.3 | 20.3 | 12.7 | 5.3 | 0.9 | 0.9 |
Tax rate | 26.1% | 26.5% | 25.7% | 7.3% | 1.3% | 1.5% |
Net income | 60.5 | 56.3 | 36.8 | 66.9 | 63.8 | 56.1 |
Net margin | 33.5% | 33.5% | 26.0% | 41.0% | 41.2% | 37.1% |
|
Basic EPS | $2.10 | $2.02 | $1.34 | $3.33 | $3.54 | $3.10 |
Diluted EPS | $2.10 | $2.02 | $1.34 | $3.33 | $3.54 | $3.10 |
|
Shares outstanding (basic) | 28.9 | 27.8 | 27.5 | 20.1 | 18.0 | 18.1 |
Shares outstanding (diluted) | 28.9 | 27.8 | 27.5 | 20.1 | 18.0 | 18.1 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |