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/A | 10-K | 10-K |
Interest income: |
Interest income on loans | 1,095.3 | 237.0 | 229.0 | 233.5 | 193.1 | 172.3 | 149.8 | 115.3 |
Interest income on investments | 41.2 | 19.8 | 19.5 | 21.2 | 18.4 | 17.0 | 13.0 | 12.2 |
Interest income on repurchase agreements | 1.3 | 0.4 | 0.3 | 1.7 | 1.6 | 0.9 | 0.6 | 0.1 |
| 367.5 | 257.3 | 248.8 | 256.5 | 213.1 | 190.2 | 163.3 | 127.5 |
Interest expense: |
Interest on deposits | 44.3 | 16.8 | 32.1 | 49.2 | 30.6 | 16.6 | 10.5 | 5.8 |
| 1,760.5 | 22.5 | 41.2 | 530.5 | 39.6 | 25.0 | 17.6 | 10.9 |
Net interest income | 312.6 | 234.8 | 207.7 | 196.0 | 173.6 | 165.2 | 145.6 | 116.6 |
Provision for loan losses | 8.5 | -10.9 | 27.2 | 2.1 | 4.4 | 6.1 | 4.2 | 1.9 |
Net interest income after provision for loan losses | 304.1 | 245.7 | 180.5 | 193.9 | 169.1 | 159.1 | 141.4 | 114.7 |
Deposit and loan fees | 20.1 | 16.8 | 15.0 | 17.4 | 16.1 | 15.6 | 10.2 | 10.0 |
Gain on sale of investments, net | 1.6 | 0.6 | 4.7 | 3.2 | 2.0 | 2.5 | 0.4 | 0.2 |
Other non-interest income | 35.8 | 27.6 | 7.4 | 6.1 | 27.1 | 7.3 | 10.8 | 10.9 |
Total non-interest income | 57.5 | 45.0 | 27.1 | 26.8 | 45.2 | 25.4 | 21.3 | 21.2 |
Non-interest expenses | 188.2 | 140.8 | 132.8 | 126.8 | 111.2 | 104.5 | 99.9 | 87.2 |
Pre-tax income before non-recurring items | 152.6 | 129.1 | 74.8 | 97.1 | 80.8 | 107.5 | 66.9 | 49.8 |
Non-recurring items | 8.6 | 1.8 | | 3.2 | 0.5 | | 4.1 | 1.2 |
Pre-tax income | 144.0 | 127.3 | 74.8 | 93.9 | 80.3 | 107.5 | 62.8 | 48.6 |
Income taxes | 36.6 | 32.3 | 17.3 | 23.3 | 16.9 | 27.5 | 21.3 | 16.2 |
Tax rate | 25.4% | 25.4% | 23.1% | 24.8% | 21.0% | 25.5% | 33.9% | 33.2% |
Net income | 107.4 | 95.0 | 57.5 | 70.7 | 63.4 | 80.0 | 41.5 | 32.5 |
Net margin | 29.7% | 32.7% | 27.7% | 32.0% | 29.6% | 43.4% | 25.5% | 23.9% |
|
Basic EPS | $1.66 | $1.88 | $1.14 | $1.40 | $1.33 | $1.69 | $0.97 | $0.86 |
Diluted EPS | $1.65 | $1.87 | $1.14 | $1.40 | $1.33 | $1.68 | $0.96 | $0.85 |
|
Shares outstanding (basic) | 64.6 | 50.6 | 50.5 | 50.5 | 47.6 | 47.4 | 42.9 | 37.8 |
Shares outstanding (diluted) | 64.9 | 50.9 | 50.7 | 50.6 | 47.8 | 47.7 | 43.1 | 38.0 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |