In millions, except per share items | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 | Mar-31-21 |
| 8-K | 8-K | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q |
Interest income on investments | | | 147.6 | 133.4 | 122.1 | 113.8 | 108.8 | 105.9 |
Total interest income | 829.6 | 797.4 | 749.7 | 710.0 | 681.1 | 659.6 | 650.3 | 645.8 |
Interest expense: |
Interest on deposits | | | 12.9 | 12.6 | 12.1 | 11.9 | 13.3 | 15.1 |
Interest on borrowings | | | 1.3 | 0.0 | | | | |
| 19.1 | 19.6 | 20.5 | 18.8 | 18.6 | 18.9 | 20.9 | 23.6 |
Net interest income | 788.4 | 771.9 | 729.2 | 691.3 | 662.5 | 640.7 | 629.4 | 622.2 |
Provision for loan losses | 20.0 | 41.8 | 34.2 | 30.1 | 23.1 | -6.4 | -2.0 | 20.6 |
Net interest income after provision for loan losses | 768.4 | 730.1 | 695.0 | 661.2 | 639.4 | 647.1 | 631.4 | 601.6 |
Gain on sale of investments, net | 0.4 | -0.1 | | | | | | |
Other non-interest income | 120.3 | 126.7 | 131.0 | 138.3 | 144.8 | 155.2 | 174.0 | 179.7 |
Total non-interest income | 120.7 | 126.6 | 131.0 | 138.3 | 144.8 | 155.2 | 174.0 | 179.7 |
Non-interest expenses | 518.9 | 523.9 | 498.0 | 468.5 | 434.8 | 412.0 | 411.2 | 405.9 |
Pre-tax income before non-recurring items | 365.6 | 330.6 | 330.0 | 332.6 | 350.8 | 392.0 | 395.8 | 376.8 |
Non-recurring items | -4.7 | -2.2 | 1.9 | 1.7 | 1.4 | 1.7 | 1.6 | 1.4 |
Pre-tax income | 370.3 | 332.8 | 328.1 | 330.9 | 349.4 | 390.3 | 394.2 | 375.4 |
Income taxes | 67.1 | 58.6 | 57.6 | 59.2 | 64.7 | 74.4 | 76.1 | 71.5 |
Tax rate | 18.1% | 17.6% | 17.5% | 17.9% | 18.5% | 19.1% | 19.3% | 19.0% |
Net income | 303.2 | 274.2 | 270.5 | 271.8 | 284.8 | 315.9 | 318.0 | 303.9 |
Net margin | 34.1% | 32.0% | 32.7% | 34.0% | 36.3% | 39.4% | 39.5% | 38.9% |
|
Basic EPS | $5.48 | $3.42 | $2.60 | $2.71 | $2.95 | $3.31 | $3.34 | $3.19 |
Diluted EPS | $5.47 | $3.42 | $2.60 | $2.71 | $2.95 | $3.31 | $3.33 | $3.19 |
|
Shares outstanding (basic) | | | 104.1 | 100.3 | 96.4 | 95.3 | 95.3 | 95.3 |
Shares outstanding (diluted) | | | 104.1 | 100.3 | 96.5 | 95.4 | 95.4 | 95.3 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |