In millions, except per share items | Jun-30-23 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Sep-30-21 | Jun-30-21 | Mar-31-21 | Dec-31-20 |
| 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 8-K |
Interest income: |
Interest income on loans | 99.0 | 59.2 | 47.3 | 42.7 | 42.7 | 43.8 | 43.8 | 45.1 |
Interest income on investments | 6.2 | 5.0 | 4.9 | 4.7 | 4.4 | 4.4 | 4.1 | |
| 107.1 | 65.6 | 52.8 | 47.8 | 47.3 | 48.5 | 48.2 | 49.5 |
Interest expense: |
Interest on deposits | 48.7 | 14.9 | 4.7 | 3.5 | 4.2 | 4.9 | 5.7 | |
Interest on borrowings | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| 48.9 | 15.9 | 4.8 | 4.6 | 5.5 | 6.2 | 7.0 | 8.0 |
Net interest income | 156.0 | 49.7 | 57.7 | 43.1 | 41.8 | 42.3 | 41.1 | 41.5 |
Provision for loan losses | 2.6 | 3.3 | 2.1 | -0.6 | -10.0 | 3.5 | 7.5 | |
Net interest income after provision for loan losses | 153.4 | 46.4 | 55.5 | 43.7 | 51.8 | 38.8 | 33.6 | 41.5 |
Gain on sale of investments, net | | 0.0 | 0.0 | 0.1 | 1.0 | 0.0 | 0.2 | |
Other non-interest income | 5.8 | 3.8 | 4.2 | 4.9 | 0.0 | 5.9 | 4.0 | |
Total non-interest income | 5.8 | 3.8 | 4.2 | 4.9 | 1.0 | 5.8 | 4.1 | |
Non-interest expenses | 37.4 | 28.5 | 29.2 | 27.7 | 24.0 | 25.8 | 22.8 | 23.7 |
Pre-tax income | 20.3 | 26.1 | 19.6 | 25.2 | 32.3 | 22.1 | 17.9 | 9.9 |
Income taxes | 4.2 | 4.4 | 4.0 | 4.2 | 5.7 | 3.3 | 2.9 | 1.8 |
Tax rate | 20.8% | 16.9% | 20.6% | 16.6% | 17.5% | 14.8% | 16.3% | 18.1% |
Net income | 16.0 | 21.7 | 15.5 | 21.0 | 26.7 | 18.8 | 14.9 | 8.1 |
Net margin | 10.1% | 43.3% | 26.0% | 43.2% | 50.5% | 42.2% | 39.6% | 19.5% |
|
Basic EPS | $0.33 | $0.44 | $0.31 | $0.42 | $0.52 | $0.37 | $0.29 | $0.16 |
Diluted EPS | $0.33 | $0.44 | $0.31 | $0.41 | $0.52 | $0.36 | $0.29 | $0.15 |
|
Shares outstanding (basic) | 48.7 | 49.3 | 49.8 | 50.3 | 51.0 | 51.5 | 51.7 | 50.6 |
Shares outstanding (diluted) | 48.9 | 49.7 | 50.2 | 50.9 | 51.6 | 52.2 | 52.4 | 54.0 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |