In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 392.5 | 347.4 | 301.5 | 248.7 | 137.3 | 124.5 | 120.6 | 88.2 |
Interest income on investments | 15.3 | 13.7 | 12.3 | 12.3 | 11.6 | 11.9 | 16.7 | 27.7 |
| 415.0 | 366.9 | 317.4 | 262.7 | 149.6 | 137.1 | 138.0 | 116.2 |
Interest on deposits | 57.5 | 36.7 | 21.0 | 13.1 | 8.2 | 9.5 | 11.5 | 22.5 |
Total interest expense | 206.4 | 137.9 | 84.0 | 21.6 | 16.6 | 18.9 | 22.2 | 33.6 |
Net interest income | 332.5 | 311.4 | 282.3 | 241.1 | 133.0 | 118.2 | 115.8 | 82.6 |
Provision for loan losses | 35.8 | 39.5 | 26.9 | 25.5 | | 3.2 | 3.1 | 4.0 |
Net interest income after provision for loan losses | 296.7 | 272.0 | 255.4 | 215.6 | 133.0 | 115.0 | 112.7 | 78.6 |
Deposit and loan fees | | | | | | | 19.5 | 18.6 |
Gain on sale of investments, net | | | | 0.2 | | -0.2 | 1.0 | 6.3 |
Other non-interest income | 49.2 | 43.6 | 51.9 | 44.6 | 20.7 | 22.0 | 9.0 | 9.7 |
Total non-interest income | 49.2 | 43.6 | 51.9 | 44.8 | 20.7 | 21.8 | 29.6 | 34.5 |
Non-interest expenses | 171.1 | 160.3 | 156.4 | 151.6 | 98.1 | 88.9 | 87.7 | 75.2 |
Pre-tax income before non-recurring items | 177.8 | 153.6 | 154.3 | 111.3 | 59.9 | 49.5 | 59.3 | 37.1 |
Non-recurring items | | | | 2.4 | 10.9 | 1.5 | 4.8 | |
Asset impairment | 3.0 | -1.6 | 3.4 | | | | | -0.8 |
Pre-tax income | 174.8 | 155.2 | 150.9 | 108.9 | 48.9 | 48.0 | 54.6 | 37.9 |
Income taxes | 20.6 | 65.7 | 53.1 | 38.0 | 17.7 | 16.3 | 19.3 | 11.6 |
Tax rate | 11.8% | 42.3% | 35.2% | 34.9% | 36.1% | 34.0% | 35.4% | 30.6% |
Net income | 154.2 | 89.5 | 97.8 | 70.9 | 31.3 | 31.7 | 35.2 | 26.3 |
Net margin | 44.6% | 28.4% | 31.8% | 27.2% | 20.3% | 22.6% | 24.2% | 22.5% |
|
Basic EPS | $3.28 | $1.92 | $2.12 | $1.55 | $0.82 | $0.84 | $0.98 | $0.82 |
Diluted EPS | $3.24 | $1.90 | $2.10 | $1.54 | $0.82 | $0.84 | $0.98 | $0.82 |
|
Shares outstanding (basic) | 47.0 | 46.6 | 46.2 | 45.8 | 37.9 | 37.6 | 35.9 | 32.2 |
Shares outstanding (diluted) | 47.7 | 47.1 | 46.5 | 46.1 | 38.2 | 37.7 | 36.0 | 32.3 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |