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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 266.8 | 222.2 | 229.0 | 256.0 | 228.4 | 190.3 | 190.7 | 152.6 |
Interest income on investments | 33.8 | 21.6 | 21.8 | 20.5 | 22.6 | 21.8 | 18.4 | 3.6 |
| 304.3 | 244.3 | 252.0 | 277.6 | 251.5 | 212.3 | 209.5 | 165.1 |
Interest expense: |
Interest on deposits | 32.0 | 11.4 | 33.8 | 70.4 | 42.0 | 23.9 | 19.0 | 11.8 |
| 71.0 | 17.2 | 43.4 | 88.2 | 61.5 | 91.8 | 72.0 | 41.7 |
Net interest income | 233.3 | 227.1 | 208.7 | 189.4 | 190.0 | 174.5 | 180.0 | 148.3 |
Provision for loan losses | -5.2 | -15.0 | 20.5 | -0.5 | 3.0 | 0.8 | 4.1 | 6.1 |
Net interest income after provision for loan losses | 238.5 | 242.1 | 188.2 | 189.9 | 187.0 | 173.8 | 175.9 | 142.2 |
Gain on sale of investments, net | | | | | | | | 2.4 |
Other non-interest income | 51.6 | 120.0 | 149.4 | 74.4 | 36.5 | 42.6 | 359.2 | 278.8 |
Total non-interest income | 51.6 | 120.0 | 149.4 | 74.4 | 36.5 | 42.6 | 359.2 | 281.2 |
Non-interest expenses | 205.4 | 215.3 | 235.7 | 215.6 | 195.2 | 190.6 | 444.3 | 366.6 |
Equity in earnings | | | | | | | 2.3 | 1.6 |
Pre-tax income before non-recurring items | 84.7 | 146.7 | 101.9 | 48.7 | 28.3 | 27.1 | 92.6 | 59.7 |
Non-recurring items | | | | | | 1.3 | 1.9 | 2.8 |
Pre-tax income | 84.7 | 146.7 | 101.9 | 48.7 | 28.3 | 25.8 | 90.8 | 56.9 |
Income taxes | 18.1 | 31.3 | 21.9 | 8.0 | 2.0 | -16.9 | 32.6 | 15.6 |
Tax rate | 21.4% | 21.3% | 21.5% | 16.4% | 7.2% | | 35.9% | 27.4% |
Earnings from continuing ops | 66.5 | 115.4 | 80.0 | 63.9 | 12.4 | 16.4 | 58.2 | 41.3 |
Earnings from discontinued ops | | | | -23.2 | 13.8 | 26.3 | | |
Net income | 66.5 | 115.4 | 80.0 | 40.7 | 26.2 | 42.7 | 58.2 | 41.3 |
Net margin | 22.9% | 31.9% | 23.7% | 15.4% | 11.7% | 19.7% | 10.9% | 9.8% |
|
Basic EPS | $3.51 | $5.53 | $3.50 | $2.50 | $0.46 | $0.61 | $2.36 | $1.98 |
Diluted EPS | $3.49 | $5.46 | $3.47 | $2.48 | $0.46 | $0.60 | $2.34 | $1.96 |
|
Shares outstanding (basic) | 18.9 | 20.9 | 22.9 | 25.6 | 27.0 | 26.9 | 24.6 | 20.8 |
Shares outstanding (diluted) | 19.0 | 21.1 | 23.1 | 25.8 | 27.2 | 27.1 | 24.8 | 21.1 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |