In millions, except per share items | Jun-30-23 | Mar-31-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 |
| 10-Q | 10-Q | 8-K | 10-Q | 10-Q | 10-Q | 8-K | 10-Q |
Interest income: |
Interest income on loans | 117.1 | 107.9 | 99.1 | 92.0 | 81.6 | 72.5 | 64.8 | 58.8 |
Interest income on investments | 14.9 | 13.6 | 11.5 | 9.2 | 7.4 | 6.1 | 5.0 | 4.3 |
| 134.6 | 124.6 | 113.8 | 104.0 | 90.3 | 79.2 | 70.2 | 63.3 |
Interest expense: |
Interest on deposits | 24.3 | 15.9 | 10.0 | 6.7 | 5.1 | 4.6 | 4.5 | 4.5 |
Interest on borrowings | | | 0.8 | | | | 0.5 | |
| 32.1 | 20.0 | 12.5 | 9.0 | 7.0 | 6.4 | 6.0 | 6.0 |
Net interest income | 102.4 | 104.5 | 101.3 | 95.0 | 83.3 | 72.8 | 64.1 | 57.3 |
Provision for loan losses | 2.8 | 2.4 | 1.9 | -0.2 | -0.6 | -0.2 | -0.4 | 2.4 |
Net interest income after provision for loan losses | 99.6 | 102.2 | 99.4 | 95.3 | 83.9 | 72.9 | 64.5 | 54.8 |
Deposit and loan fees | | | 1.3 | | | | 1.2 | |
Gain on sale of investments, net | | | | | | | | 0.0 |
Other non-interest income | 20.5 | 21.0 | 21.7 | 21.1 | 18.7 | 15.8 | 12.3 | 11.4 |
Total non-interest income | 21.8 | 22.4 | 23.1 | 22.4 | 19.9 | 17.0 | 13.5 | 11.4 |
Non-interest expenses | 82.4 | 80.9 | 80.3 | 82.8 | 75.9 | 66.6 | 56.8 | 43.9 |
Pre-tax income before non-recurring items | 41.9 | 45.5 | 44.2 | 43.5 | 37.1 | 32.6 | 29.7 | 23.3 |
Non-recurring items | 3.0 | 2.1 | 2.1 | 8.7 | 9.1 | 9.3 | 8.5 | 0.9 |
Pre-tax income | 38.8 | 43.5 | 42.1 | 34.8 | 28.0 | 23.3 | 21.2 | 22.4 |
Income taxes | 10.3 | 11.5 | 11.0 | 9.3 | 7.5 | 6.3 | 5.8 | 5.9 |
Tax rate | 26.5% | 26.4% | 26.0% | 26.7% | 26.9% | 27.1% | 27.4% | 26.2% |
Net income | 28.5 | 32.0 | 31.2 | 25.5 | 20.5 | 17.0 | 15.4 | 16.5 |
Net margin | 23.5% | 25.7% | 25.5% | 21.7% | 19.7% | 18.9% | 19.7% | 24.9% |
|
Basic EPS | $1.44 | $2.15 | $2.09 | $1.79 | $1.68 | $1.12 | $1.17 | $1.39 |
Diluted EPS | $1.44 | $1.61 | $1.57 | $1.33 | $1.19 | $1.12 | $1.17 | $1.39 |
|
Shares outstanding (basic) | 19.9 | 14.9 | 14.9 | 14.2 | 12.2 | 15.1 | 13.1 | 11.9 |
Shares outstanding (diluted) | 19.9 | 19.9 | 19.8 | 19.2 | 17.2 | 15.1 | 13.1 | 11.9 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |