In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | | 267.6 | 275.2 | 291.9 | 257.3 | 218.5 | 185.3 | 172.8 |
Interest income on investments | | 25.3 | 25.1 | 31.4 | 32.9 | 30.2 | 29.4 | 27.8 |
| 330.0 | 293.8 | 301.2 | 325.3 | 292.3 | 250.6 | 217.6 | 204.1 |
Interest expense: |
Interest on deposits | | 5.7 | 22.0 | 36.7 | 21.7 | 9.4 | 7.5 | 7.5 |
| 17.7 | 15.1 | 32.7 | 55.1 | 39.7 | 21.5 | 18.6 | 15.6 |
Net interest income | 312.2 | 308.9 | 333.9 | 380.4 | 332.0 | 272.1 | 236.2 | 219.7 |
Provision for loan losses | 21.1 | -1.4 | 56.7 | 14.5 | 12.5 | 5.1 | 18.5 | 14.9 |
Net interest income after provision for loan losses | 291.1 | 310.3 | 277.2 | 365.9 | 319.5 | 267.0 | 217.7 | 204.7 |
Deposit and loan fees | 19.6 | 18.0 | 16.4 | 18.9 | 18.2 | 18.6 | 15.9 | 15.3 |
Gain on sale of investments, net | | | | | | | | -0.2 |
Other non-interest income | 79.1 | 88.8 | 78.1 | 66.6 | 70.5 | 61.8 | 48.7 | 46.2 |
Total non-interest income | 98.7 | 106.8 | 94.5 | 85.5 | 88.6 | 80.3 | 64.6 | 61.3 |
Non-interest expenses | 229.6 | 213.9 | 215.8 | 210.0 | 195.6 | 200.3 | 159.9 | 163.9 |
Pre-tax income before non-recurring items | 160.2 | 173.1 | 90.9 | 136.1 | 135.5 | 115.8 | 89.6 | 73.2 |
Non-recurring items | | | | 5.3 | 2.7 | 12.0 | 4.3 | 2.2 |
Asset impairment | | 0.3 | 0.7 | | | | | |
Pre-tax income | 160.2 | 172.8 | 90.2 | 130.8 | 132.8 | 103.7 | 85.2 | 71.0 |
Income taxes | 32.0 | 34.6 | 16.8 | 25.5 | 25.3 | 48.6 | 25.6 | 20.8 |
Tax rate | 20.0% | 20.0% | 18.6% | 19.5% | 19.0% | 46.8% | 30.1% | 29.4% |
Earnings from continuing ops | 128.2 | 138.3 | 73.4 | 105.3 | 107.5 | 55.2 | 59.6 | 50.1 |
Earnings from discontinued ops | | 138.3 | | | | | | |
Net income | 128.2 | 138.3 | 73.4 | 105.3 | 107.5 | 55.2 | 59.6 | 50.1 |
Net margin | 32.9% | 33.2% | 19.8% | 23.3% | 26.3% | 15.9% | 21.1% | 18.8% |
|
Basic EPS | $1.37 | $1.45 | $0.75 | $1.07 | $1.09 | $0.58 | $0.67 | $0.56 |
Diluted EPS | $1.37 | $1.44 | $0.75 | $1.07 | $1.08 | $0.58 | $0.67 | $0.56 |
|
Shares outstanding (basic) | 93.9 | 95.6 | 97.5 | 98.3 | 99.0 | 95.2 | 88.9 | 89.4 |
Shares outstanding (diluted) | 93.9 | 95.8 | 97.8 | 98.6 | 99.2 | 95.3 | 88.9 | 89.4 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |