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In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 1,667.8 | 1,783.3 | 1,671.8 | 1,638.1 | 1,779.6 | 1,374.0 | 1,120.1 | 1,226.3 |
Interest income on investments | 131.2 | 233.5 | 218.6 | 197.5 | 131.9 | 71.2 | 35.5 | 28.9 |
| 1,799.0 | 2,016.8 | 1,890.4 | 1,835.6 | 1,911.5 | 1,445.2 | 1,155.6 | 1,255.2 |
Interest expense: |
Interest on deposits | 475.8 | 664.9 | 460.4 | 373.3 | 394.8 | 330.1 | -231.0 | -179.8 |
| 733.3 | 952.0 | 815.1 | 717.7 | 753.2 | 731.4 | -715.1 | -1,060.9 |
Net interest income | 1,065.7 | 1,064.8 | 1,075.3 | 1,117.9 | 1,158.3 | 713.8 | 440.5 | 194.3 |
Provision for loan losses | | | | 114.6 | 194.7 | 158.6 | -104.4 | -64.9 |
Net interest income after provision for loan losses | 1,065.7 | 1,064.8 | 1,075.3 | 1,003.3 | 963.6 | 555.2 | 544.9 | 259.2 |
Total non-interest income | 1,351.4 | 1,272.9 | 1,382.8 | 1,371.6 | 1,182.2 | 1,167.7 | 1,213.5 | 2,278.7 |
Non-interest expenses | 2,320.2 | 1,603.0 | 1,650.1 | 2,183.3 | 2,124.9 | 1,536.9 | -1,305.1 | -1,673.9 |
Equity in earnings | | | | | | | | |
Asset impairment | 485.1 | | | 255.6 | 354.2 | | | |
Pre-tax income | -703.4 | 623.9 | 637.0 | 191.6 | 20.9 | 186.0 | 244.5 | 734.2 |
Income taxes | -88.1 | 94.5 | 164.9 | -67.8 | 203.5 | -538.0 | -432.4 | 83.9 |
Tax rate | 12.5% | 15.1% | 25.9% | | 973.7% | | | 11.4% |
Earnings from continuing ops | -646.4 | 511.0 | 444.5 | 339.8 | -848.0 | 1,034.1 | 233.5 | 650.3 |
Earnings from discontinued ops | | 0.0 | -16.3 | 118.6 | | | 443.4 | |
Net income | -646.4 | 511.0 | 428.2 | 458.4 | -848.0 | 1,034.1 | 676.9 | 650.3 |
Net margin | -40.0% | 22.9% | 18.7% | 19.3% | -39.5% | 60.0% | 38.5% | 25.6% |
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Basic EPS | ($6.57) | $5.30 | $3.78 | $2.09 | ($4.20) | $5.57 | $1.24 | $3.24 |
Diluted EPS | ($6.57) | $5.27 | $3.74 | $2.07 | ($4.20) | $5.55 | $1.23 | $3.22 |
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Shares outstanding (basic) | 98.4 | 96.5 | 117.7 | 162.3 | 201.9 | 185.5 | 188.5 | 200.5 |
Shares outstanding (diluted) | 98.4 | 96.9 | 118.8 | 164.0 | 201.9 | 186.4 | 189.5 | 201.7 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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