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 | 555.6 | 508.8 | 574.9 | 612.1 | 469.9 | 294.0 | 261.4 | 247.6 |
Interest income on investments | 59.3 | 82.7 | 77.3 | 83.5 | 56.8 | 34.5 | 32.1 | 29.1 |
| 660.4 | 592.4 | 653.5 | 699.3 | 528.8 | 329.0 | 293.7 | 276.8 |
Interest expense: |
Interest on deposits | 56.2 | 27.1 | 75.9 | 115.0 | 59.3 | 26.1 | 17.7 | 15.6 |
Interest on borrowings | 20.0 | | | | | | | |
| 76.2 | 41.1 | 98.2 | 161.5 | 102.1 | 50.0 | 29.8 | 24.9 |
Net interest income | 584.3 | 551.3 | 555.3 | 537.9 | 426.7 | 279.0 | 264.0 | 251.8 |
Provision for loan losses | | -60.9 | 87.1 | 21.1 | 27.3 | 21.6 | 18.0 | 9.6 |
Net interest income after provision for loan losses | 584.3 | 612.1 | 468.2 | 516.8 | 399.4 | 257.4 | 246.0 | 242.3 |
Deposit and loan fees | 30.1 | 27.1 | 25.3 | 30.2 | | | | 18.9 |
Gain on sale of investments, net | | | | | | | | 1.2 |
Other non-interest income | 88.5 | 98.7 | 106.2 | 102.6 | 104.2 | 62.4 | 59.8 | 44.9 |
Total non-interest income | 118.5 | 125.8 | 131.5 | 132.8 | 104.2 | 62.4 | 59.8 | 65.0 |
Non-interest expenses | 403.8 | 419.2 | 413.3 | 418.3 | 337.8 | 225.7 | 213.1 | 216.9 |
Pre-tax income before non-recurring items | 280.0 | 318.8 | 186.3 | 259.1 | 239.1 | 110.4 | 101.8 | 90.4 |
Non-recurring items | | | | 27.8 | 59.7 | 5.4 | | |
Pre-tax income | 280.0 | 318.8 | 186.3 | 231.3 | 179.4 | 105.0 | 101.8 | 90.4 |
Income taxes | 45.4 | 54.8 | 28.1 | 37.6 | 30.0 | 32.8 | 25.9 | 23.3 |
Tax rate | 16.2% | 17.2% | 15.1% | 16.2% | 16.7% | 31.2% | 25.5% | 25.8% |
Earnings from continuing ops | 222.6 | 252.0 | 152.6 | 193.7 | 149.4 | 72.2 | 75.9 | 67.1 |
Earnings from discontinued ops | | | | -0.2 | -3.2 | 1.3 | 2.4 | |
Net income | 222.6 | 252.0 | 152.6 | 193.5 | 146.2 | 72.9 | 77.5 | 67.1 |
Net margin | 31.7% | 34.2% | 25.4% | 29.8% | 29.0% | 22.8% | 25.3% | 21.8% |
|
Basic EPS | $2.97 | $3.26 | $1.93 | $2.42 | $2.27 | $1.65 | $1.73 | $1.49 |
Diluted EPS | $2.97 | $3.26 | $1.93 | $2.41 | $2.27 | $1.65 | $1.73 | $1.49 |
|
Shares outstanding (basic) | 75.0 | 77.4 | 78.9 | 80.2 | 65.9 | 43.7 | 43.8 | 45.1 |
Shares outstanding (diluted) | 75.0 | 77.4 | 78.9 | 80.3 | 65.9 | 43.8 | 43.9 | 45.1 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |