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 | 10-K |
Interest income: |
Interest income on loans | 146.3 | 118.8 | 105.5 | 94.9 | 78.0 | 60.0 | 46.6 |
Interest income on investments | 16.4 | 9.6 | 8.7 | 7.8 | 6.7 | 6.0 | 3.6 |
| 163.7 | 128.9 | 114.8 | 103.8 | 85.2 | 66.3 | 50.6 |
Interest expense: |
Interest on deposits | 23.4 | 13.8 | 19.8 | 24.0 | 16.0 | 9.7 | 7.0 |
Interest on borrowings | 1.4 | 0.9 | 3.8 | 3.9 | 2.3 | 1.5 | 1.5 |
| 34.0 | 19.4 | 26.9 | 29.6 | 20.5 | 12.2 | 17.0 |
Net interest income | 129.7 | 109.5 | 88.0 | 74.1 | 64.7 | 54.2 | 42.1 |
Provision for loan losses | 7.7 | 5.2 | 12.8 | 2.7 | 3.6 | 4.2 | 3.3 |
Net interest income after provision for loan losses | 122.0 | 104.4 | 75.2 | 71.4 | 61.2 | 50.0 | 38.9 |
Other non-interest income | 6.3 | 5.3 | 5.8 | 3.8 | 5.4 | 2.5 | 2.6 |
Total non-interest income | 6.3 | 5.3 | 5.8 | 3.8 | 5.4 | 2.5 | 2.6 |
Non-interest expenses | 56.6 | 48.1 | 45.4 | 36.9 | 31.6 | 25.5 | 20.2 |
Pre-tax income | 71.7 | 61.6 | 35.7 | 38.3 | 32.1 | 27.0 | 21.3 |
Income taxes | 18.3 | 15.9 | 8.5 | 6.9 | 5.2 | 10.1 | 8.1 |
Tax rate | 25.5% | 25.8% | 23.8% | 18.1% | 16.3% | 37.5% | 37.9% |
Net income | 49.3 | 44.5 | 27.2 | 31.4 | 26.9 | 16.9 | 13.2 |
Net margin | 38.4% | 40.6% | 33.6% | 41.7% | 40.4% | 32.1% | 31.9% |
|
Basic EPS | $1.78 | $1.59 | $0.95 | $1.07 | $0.93 | $0.69 | $0.59 |
Diluted EPS | $1.72 | $1.54 | $0.93 | $1.05 | $0.91 | $0.68 | $0.58 |
|
Shares outstanding (basic) | 27.8 | 28.0 | 28.6 | 29.4 | 29.0 | 24.6 | 22.3 |
Shares outstanding (diluted) | 28.7 | 29.0 | 29.2 | 30.0 | 29.4 | 25.0 | 22.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |