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 | 402.2 | 359.2 | 377.6 | 413.6 | 375.2 | 322.5 | 297.8 | 297.3 |
Interest income on investments | 77.5 | 35.8 | 48.5 | 77.4 | 89.6 | 92.0 | 89.9 | 99.3 |
| 525.8 | 398.1 | 427.0 | 492.4 | 465.8 | 415.1 | 387.9 | 396.8 |
Interest on deposits | 36.5 | 19.9 | 31.9 | 53.7 | 38.6 | 22.2 | 19.1 | 14.8 |
Total interest expense | 79.7 | 26.8 | 39.1 | 118.8 | 52.7 | 38.9 | 43.1 | 44.3 |
Net interest income | 487.6 | 371.3 | 387.9 | 433.8 | 413.2 | 376.2 | 344.8 | 352.4 |
Provision for loan losses | | | | | | 11.2 | 19.9 | 24.4 |
Net interest income after provision for loan losses | 487.6 | 371.3 | 387.9 | 433.8 | 413.2 | 365.0 | 324.9 | 328.0 |
Deposit and loan fees | | | | | | | | 78.8 |
Gain on sale of investments, net | | | | | | | 0.4 | -2.7 |
Other non-interest income | 187.1 | 222.3 | 150.6 | 154.8 | 165.0 | 150.4 | 161.3 | 79.6 |
Total non-interest income | 187.1 | 222.3 | 150.6 | 154.8 | 165.0 | 150.4 | 161.7 | 155.7 |
Non-interest expenses | 270.5 | 263.3 | 281.3 | 309.8 | 299.5 | 293.7 | 289.6 | 276.9 |
Pre-tax income | 382.6 | 322.3 | 211.8 | 260.0 | 272.6 | 221.6 | 197.0 | 206.8 |
Income taxes | 82.4 | 68.4 | 44.4 | 54.9 | 56.7 | 64.2 | 63.1 | 70.1 |
Tax rate | 21.5% | 21.2% | 21.0% | 21.1% | 20.8% | 29.0% | 32.0% | 33.9% |
Earnings from continuing ops | 300.2 | 253.9 | 167.3 | 205.1 | 215.9 | 157.4 | 133.9 | 136.7 |
Earnings from discontinued ops | | | | 0.0 | 0.0 | 0.0 | 0.0 | |
Net income | 300.2 | 253.9 | 167.3 | 205.1 | 215.9 | 157.4 | 133.9 | 136.7 |
Net margin | 44.5% | 42.8% | 31.1% | 34.8% | 37.3% | 30.5% | 27.5% | 28.3% |
|
Basic EPS | $4.79 | $4.01 | $2.63 | $3.13 | $3.27 | $2.38 | $2.03 | $2.06 |
Diluted EPS | $1.59 | $1.33 | $0.87 | $1.04 | $1.08 | $0.79 | $0.67 | $2.05 |
|
Shares outstanding (basic) | 62.7 | 63.4 | 63.7 | 65.5 | 66.1 | 66.0 | 66.0 | 66.4 |
Shares outstanding (diluted) | 188.3 | 190.3 | 191.4 | 196.8 | 199.4 | 199.6 | 198.6 | 66.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |