WEBSTER FINANCIAL CORP (WBS) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-05-18	Dec-31-17	Dec-31-16
	10-K	10-K	10-K	10-K	10-K	8-K	10-K	10-K
Interest income:
Interest income on loans	1,946.6	762.7	789.7	924.7	842.4	842.4	708.6	621.0
Interest income on investments	338.1	179.9	211.6	229.2	212.1		204.0	199.4
	2,284.7	942.8	1,002.0	1,154.6	1,055.2	1,055.2	913.6	821.9
Interest expense:
Interest on deposits	138.6	20.1	67.9	129.6	90.4		62.3	49.9
Interest on borrowings	58.6	1.7	18.8	31.4	33.5	58.1	30.3	29.0
	250.5	41.8	110.7	199.5	148.5	148.5	117.3	103.4
Net interest income	2,034.3	901.1	891.4	955.1	906.7	906.7	796.3	718.5
Provision for loan losses	280.6	-54.5	137.8	37.8	42.0	42.0	40.9	56.4
Net interest income after provision for loan losses	1,753.7	955.6	753.6	917.3	864.7	864.7	755.4	662.2
Gain on sale of investments, net								-0.1
Other non-interest income	440.8	323.4	285.3	285.3	282.6	282.6	259.5	264.6
Total non-interest income	440.8	323.4	285.3	285.3	282.6	282.6	259.5	264.5
Non-interest expenses	1,396.5	745.1	758.9	716.0	705.6	705.6	661.1	623.2
Equity in earnings
Asset impairment	4.8	0.0	2.7
Pre-tax income	798.0	533.9	280.0	486.7	441.6	441.6	353.8	303.5
Income taxes	153.7	125.0	59.4	104.0	81.2	81.2	98.4	96.3
Tax rate	19.3%	23.4%	21.2%	21.4%	18.4%	18.4%	27.8%	31.7%
Net income	628.4	401.0	212.7	374.8	351.7	360.4	246.8	198.4
Net margin	28.6%	31.4%	20.5%	31.2%	30.7%	31.4%	24.3%	21.4%

Basic EPS	$3.75	$4.46	$2.36	$4.09	$3.83	$3.91	$2.68	$2.17
Diluted EPS	$3.75	$4.45	$2.36	$4.08	$3.81	$3.91	$2.67	$2.16

Shares outstanding (basic)	167.5	90.0	90.0	91.6	91.9	92.2	92.0	91.4
Shares outstanding (diluted)	167.5	90.2	90.2	91.9	92.2	92.2	92.4	91.9

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.