In millions, except per share items | Jun-30-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 |
| 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Interest income: |
Interest income on loans | 65.4 | 53.6 | 45.1 | 36.6 | 33.9 | 36.9 | 35.7 | 34.8 |
Interest income on investments | 7.4 | 6.6 | 6.1 | 4.9 | 4.2 | 3.9 | 3.7 | 3.4 |
| 75.2 | 61.8 | 52.1 | 42.0 | 38.5 | 41.4 | 39.8 | 38.8 |
Interest expense: |
Interest on deposits | 29.7 | 12.3 | 6.7 | 4.0 | 3.1 | 3.0 | 2.8 | 3.0 |
Interest on borrowings | 11.7 | 7.8 | 3.2 | 0.4 | 0.2 | 0.5 | 0.9 | 1.0 |
| 41.7 | 20.4 | 10.1 | 4.5 | 3.4 | 3.6 | 3.8 | 4.1 |
Net interest income | 33.5 | 41.3 | 42.0 | 37.5 | 35.1 | 37.7 | 36.1 | 34.8 |
Provision for loan losses | 0.7 | 0.8 | 0.8 | -3.0 | 0.1 | -2.8 | | |
Net interest income after provision for loan losses | 32.8 | 40.5 | 41.2 | 40.5 | 35.0 | 40.6 | 36.1 | 34.8 |
Deposit and loan fees | 0.7 | 0.9 | 0.8 | 0.8 | 0.7 | 0.8 | 0.7 | 0.6 |
Gain on sale of investments, net | 0.2 | 0.7 | 1.0 | 0.7 | 0.3 | 2.0 | 0.7 | 1.2 |
Other non-interest income | 13.4 | 12.1 | 13.9 | 14.4 | 16.2 | 17.6 | 19.1 | 18.8 |
Total non-interest income | 14.3 | 13.8 | 15.8 | 15.9 | 17.2 | 20.3 | 20.5 | 20.6 |
Non-interest expenses | 33.0 | 33.4 | 33.1 | 31.1 | 31.2 | 35.2 | 32.5 | 33.0 |
Equity in earnings | | | | | | | | |
Pre-tax income | 14.1 | 21.0 | 24.0 | 25.3 | 20.9 | 25.7 | 24.1 | 22.3 |
Income taxes | 2.9 | 4.4 | 5.3 | 5.3 | 4.4 | 5.5 | 5.3 | 4.9 |
Tax rate | 20.2% | 21.0% | 22.1% | 21.1% | 21.3% | 21.3% | 22.1% | 21.8% |
Net income | 11.2 | 16.5 | 18.6 | 19.9 | 16.4 | 20.1 | 18.7 | 17.4 |
Net margin | 23.8% | 30.4% | 32.6% | 35.3% | 31.5% | 33.1% | 33.0% | 31.5% |
|
Basic EPS | $0.66 | $0.96 | $1.08 | $1.15 | $0.95 | $1.16 | $1.08 | $1.01 |
Diluted EPS | $0.66 | $0.95 | $1.08 | $1.14 | $0.94 | $1.15 | $1.07 | $1.00 |
|
Shares outstanding (basic) | 17.0 | 17.2 | 17.2 | 17.3 | 17.3 | 17.3 | 17.3 | 17.3 |
Shares outstanding (diluted) | 17.0 | 17.4 | 17.3 | 17.4 | 17.5 | 17.5 | 17.4 | 17.4 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |