In millions, except per share items | Jun-30-23 | Dec-31-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 | Mar-31-21 |
| 10-Q | 8-K | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q |
Interest income: |
Interest income on loans | 343.0 | | 169.9 | 149.5 | 155.3 | 159.2 | 154.5 | 150.2 |
Interest income on investments | 80.1 | | 70.8 | 67.2 | 61.5 | 57.8 | 54.5 | 52.1 |
Interest income on repurchase agreements | 3.9 | | 3.5 | 2.5 | 2.3 | 2.4 | 2.6 | 2.8 |
| 461.4 | 366.8 | 248.6 | 221.8 | 221.6 | 221.3 | 212.6 | 206.0 |
Interest expense: |
Interest on deposits | 170.6 | | 15.4 | 6.2 | 6.3 | 6.7 | 6.6 | 6.8 |
| 195.3 | 97.5 | 20.4 | 11.4 | 11.0 | 11.6 | 11.6 | 11.9 |
Net interest income | 656.7 | 245.2 | 269.0 | 210.4 | 210.6 | 209.8 | 201.1 | 194.1 |
Provision for loan losses | 13.0 | 9.0 | 13.4 | -6.5 | 8.5 | -5.0 | 24.0 | -7.5 |
Net interest income after provision for loan losses | 643.7 | 236.2 | 255.6 | 216.9 | 202.1 | 214.8 | 177.1 | 201.6 |
Deposit and loan fees | | 19.8 | | 24.6 | 21.6 | 19.9 | 22.6 | 22.0 |
Other non-interest income | 138.1 | 8.3 | 176.3 | 99.0 | 97.2 | 88.0 | 109.0 | 86.9 |
Total non-interest income | 138.1 | 28.1 | 176.3 | 123.7 | 118.8 | 107.9 | 131.6 | 108.9 |
Non-interest expenses | 240.7 | 237.8 | 214.1 | 214.8 | 222.5 | 208.9 | 201.3 | 200.9 |
Equity in earnings | | | | | | | | |
Pre-tax income before non-recurring items | 117.1 | 123.8 | 184.9 | 132.7 | 109.2 | 121.4 | 115.5 | 115.3 |
Non-recurring items | 7.1 | | 11.3 | 6.9 | 10.9 | 7.6 | 8.1 | 5.8 |
Pre-tax income | 110.0 | 123.8 | 173.6 | 125.8 | 98.4 | 113.8 | 107.3 | 109.6 |
Income taxes | 19.9 | 23.7 | 36.0 | 19.8 | 19.9 | 19.3 | 19.9 | 16.9 |
Tax rate | 18.1% | 19.1% | 20.8% | 15.7% | 20.2% | 17.0% | 18.6% | 15.4% |
Net income | 90.1 | 100.2 | 137.6 | 106.0 | 78.5 | 94.5 | 87.4 | 92.6 |
Net margin | 11.5% | 37.9% | 31.8% | 31.1% | 24.5% | 29.3% | 28.3% | 29.8% |
|
Basic EPS | $1.86 | $2.07 | $2.85 | $2.19 | $1.63 | $1.96 | $1.81 | $1.93 |
Diluted EPS | $1.85 | $2.06 | $2.83 | $2.17 | $1.61 | $1.94 | $1.79 | $1.91 |
|
Shares outstanding (basic) | 48.5 | 48.3 | 48.3 | 48.4 | 48.3 | 48.3 | 48.3 | 48.1 |
Shares outstanding (diluted) | 48.7 | 48.7 | 48.7 | 48.8 | 48.7 | 48.7 | 48.7 | 48.5 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |