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 | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q |
Interest income: |
Interest income on loans | 31.2 | 28.7 | 27.0 | 23.2 | 22.0 | 21.4 | 21.5 | 19.9 |
Interest income on investments | 5.3 | 5.2 | 4.9 | 4.1 | 3.1 | 2.3 | 2.3 | 2.2 |
| 36.9 | 34.3 | 32.1 | 27.4 | 25.4 | 23.8 | 23.9 | 22.2 |
Interest expense: |
Interest on deposits | 8.6 | 6.2 | 3.6 | 1.4 | 0.7 | 0.7 | 0.8 | 0.9 |
Interest on borrowings | 1.4 | 1.3 | | 0.1 | 0.0 | 0.0 | | 0.1 |
| 10.5 | 8.0 | 4.6 | 2.0 | 1.2 | 1.2 | 1.3 | 1.6 |
Net interest income | 26.4 | 26.3 | 27.5 | 25.5 | 24.1 | 22.6 | 22.6 | 20.6 |
Provision for loan losses | | | 0.6 | 1.5 | | | 1.1 | 0.4 |
Net interest income after provision for loan losses | 26.4 | 26.3 | 26.9 | 24.0 | 24.1 | 22.6 | 21.5 | 20.3 |
Deposit and loan fees | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0.9 | 0.8 | 0.8 |
Other non-interest income | 6.2 | 5.1 | 5.3 | 5.1 | 6.2 | 6.6 | 6.5 | 6.9 |
Total non-interest income | 7.2 | 6.1 | 6.2 | 6.1 | 7.2 | 7.5 | 7.3 | 7.7 |
Non-interest expenses | 20.7 | 20.3 | 21.2 | 36.4 | 18.8 | 19.4 | 20.3 | 19.0 |
Pre-tax income before non-recurring items | 12.4 | 11.4 | 11.9 | -3.2 | 10.7 | 10.4 | 8.5 | 8.9 |
Non-recurring items | | | | 3.2 | | | | |
Pre-tax income | 12.4 | 11.4 | 11.9 | -6.4 | 10.7 | 10.4 | 8.5 | 8.9 |
Income taxes | 2.5 | 2.2 | 2.3 | -1.6 | 1.9 | 2.0 | 1.8 | 1.7 |
Tax rate | 20.6% | 19.6% | 19.0% | 24.6% | 17.4% | 19.4% | 21.1% | 18.9% |
Net income | 9.8 | 9.2 | 9.6 | -4.8 | 8.9 | 8.4 | 6.7 | 7.2 |
Net margin | 29.3% | 28.3% | 29.1% | -16.1% | 28.3% | 27.8% | 23.3% | 25.8% |
|
Basic EPS | $0.95 | $0.88 | $0.91 | ($0.47) | $0.84 | $0.77 | $0.61 | $0.66 |
Diluted EPS | $0.94 | $0.87 | $0.90 | ($0.47) | $0.83 | $0.76 | $0.60 | $0.65 |
|
Shares outstanding (basic) | 10.3 | 10.4 | 10.6 | 10.4 | 10.6 | 10.9 | 11.0 | 11.0 |
Shares outstanding (diluted) | 10.4 | 10.5 | 10.7 | 10.4 | 10.7 | 11.0 | 11.1 | 11.1 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |