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 | | 282.2 | 358.0 | 448.9 | 406.2 | 302.9 | 242.6 | 211.3 |
Interest income on investments | | 46.9 | 51.8 | 60.6 | 59.7 | 52.2 | 37.8 | 35.7 |
| 387.3 | 329.1 | 409.8 | 509.5 | 465.9 | 355.1 | 280.4 | 247.0 |
Interest expense: |
Interest on deposits | | 27.2 | 72.7 | 115.2 | 78.4 | 43.9 | 30.9 | 22.9 |
| 42.7 | 37.9 | 93.0 | 144.3 | 109.7 | 64.1 | 48.2 | 33.2 |
Net interest income | 429.9 | 291.2 | 316.8 | 365.3 | 356.2 | 291.0 | 232.3 | 213.8 |
Provision for loan losses | | -0.5 | 75.9 | 35.4 | 25.5 | 21.0 | 17.4 | 16.7 |
Net interest income after provision for loan losses | 429.9 | 291.7 | 240.9 | 329.8 | 330.7 | 269.9 | 214.9 | 197.1 |
Deposit and loan fees | | | | | | | | 25.1 |
Gain on sale of investments, net | | | | | | | | 2.1 |
Other non-interest income | 68.9 | 143.2 | 66.3 | 84.0 | 74.3 | 74.2 | 65.9 | 27.1 |
Total non-interest income | 68.9 | 143.2 | 66.3 | 84.0 | 74.3 | 74.2 | 65.9 | 54.3 |
Non-interest expenses | 288.7 | 285.9 | 840.2 | 289.9 | 266.9 | 253.0 | 203.3 | 196.8 |
Pre-tax income before non-recurring items | 113.8 | 154.8 | 26.6 | 152.0 | 160.8 | 123.1 | 94.0 | 72.2 |
Non-recurring items | | 5.8 | 559.6 | 28.0 | 22.6 | 31.9 | 16.5 | 17.6 |
Pre-tax income | 113.8 | 149.0 | -533.0 | 124.0 | 138.2 | 91.2 | 77.5 | 54.6 |
Income taxes | 21.3 | 30.4 | -19.9 | 22.5 | 29.0 | 42.1 | 18.8 | 5.1 |
Tax rate | 18.7% | 20.4% | 3.7% | 18.1% | 21.0% | 46.1% | 24.3% | 9.3% |
Earnings from continuing ops | 92.5 | 118.7 | -513.5 | 100.6 | 108.3 | 48.9 | 58.7 | 49.5 |
Earnings from discontinued ops | | | -19.8 | -4.1 | -3.5 | 6.1 | | |
Net income | 92.5 | 118.7 | -533.3 | 96.5 | 104.8 | 55.0 | 58.7 | 49.5 |
Net margin | 22.4% | 27.3% | -173.6% | 23.3% | 25.9% | 16.0% | 20.9% | 19.7% |
|
Basic EPS | $2.03 | $2.41 | ($10.21) | $2.04 | $2.35 | $1.24 | $1.89 | $1.74 |
Diluted EPS | $2.02 | $2.39 | ($10.21) | $2.03 | $2.34 | $1.23 | $1.88 | $1.73 |
|
Shares outstanding (basic) | 45.6 | 49.2 | 50.3 | 49.3 | 46.0 | 39.5 | 31.0 | 28.4 |
Shares outstanding (diluted) | 45.9 | 49.6 | 50.3 | 49.4 | 46.2 | 39.7 | 31.2 | 28.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |