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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 407.8 | 390.3 | 410.9 | 394.8 | 356.6 | 340.0 | 329.0 | 298.7 |
Interest income on investments | 5.8 | 5.1 | 4.0 | 4.2 | 4.1 | 5.8 | 6.1 | 8.8 |
| 448.8 | 418.5 | 434.1 | 417.4 | 375.8 | 358.9 | 345.6 | 319.6 |
Interest expense: |
Interest on deposits | 14.1 | 19.1 | 35.9 | 49.2 | 31.0 | 23.1 | 23.5 | 24.1 |
| 70.4 | 73.6 | 120.6 | 163.0 | 105.3 | 79.2 | 38.3 | 56.3 |
Net interest income | 420.7 | 391.3 | 391.7 | 360.5 | 338.6 | 330.8 | 307.3 | 263.3 |
Provision for loan losses | | | | 22.7 | 20.3 | 19.8 | 13.5 | 9.7 |
Net interest income after provision for loan losses | 420.7 | 391.3 | 391.7 | 337.8 | 318.3 | 311.0 | 293.8 | 253.5 |
Deposit and loan fees | | | | | | | | 38.4 |
Gain on sale of investments, net | | | | | | | | 1.0 |
Other non-interest income | 110.8 | 142.9 | 132.3 | 99.4 | 91.7 | 110.5 | 85.4 | 29.4 |
Total non-interest income | 110.8 | 142.9 | 132.3 | 99.4 | 91.7 | 110.5 | 85.4 | 68.8 |
Non-interest expenses | 340.0 | 344.9 | 347.5 | 296.1 | 276.1 | 285.6 | 307.8 | 233.9 |
Pre-tax income before non-recurring items | 173.7 | 226.5 | 92.5 | 141.1 | 133.9 | 153.1 | 83.5 | 98.3 |
Non-recurring items | | 25.3 | | | | 17.2 | 12.2 | 9.8 |
Pre-tax income | 173.7 | 201.1 | 92.5 | 141.1 | 133.9 | 135.9 | 71.3 | 88.5 |
Income taxes | 40.0 | 46.8 | 17.7 | 30.7 | 28.4 | 41.4 | 21.6 | 28.0 |
Tax rate | 23.0% | 23.3% | 19.1% | 21.7% | 21.2% | 30.5% | 30.4% | 31.6% |
Net income | 133.7 | 154.3 | 74.9 | 110.4 | 105.5 | 94.5 | 49.7 | 60.5 |
Net margin | 25.1% | 28.7% | 14.0% | 25.3% | 25.7% | 22.4% | 13.1% | 18.8% |
|
Basic EPS | $1.06 | $1.22 | $0.62 | $1.05 | $1.03 | $0.94 | $0.50 | $0.64 |
Diluted EPS | $1.05 | $1.22 | $0.62 | $1.04 | $1.02 | $0.92 | $0.49 | $0.64 |
|
Shares outstanding (basic) | 126.2 | 126.2 | 120.2 | 104.9 | 102.1 | 101.0 | 99.4 | 94.3 |
Shares outstanding (diluted) | 126.7 | 127.0 | 120.2 | 105.8 | 103.6 | 102.6 | 100.7 | 94.8 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |