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Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior V bad
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| Exhibit 12.1 |
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First BanCorp | |||
Computation of Ratio of Earnings to Fixed Charges | |||
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| Quarter Ended | |
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| March 31, 2015 | |
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Including Interest on Deposits |
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Earnings: |
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Pre-tax income from continuing operations |
| $ | 33,678 |
Plus: |
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Fixed Charges (excluding capitalized interest) |
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| 27,727 |
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Total earnings |
| $ | 61,405 |
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Fixed Charges: |
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Interest expensed and capitalized |
| $ | 26,838 |
An estimate of the interest component within rental expense |
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| 889 |
Total Fixed Charges |
| $ | 27,727 |
Ratio of Earnings to Fixed Charges |
| 2.21 | |
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Excluding Interest on Deposits |
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Earnings: |
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Pre-tax income from continuing operations |
| $ | 33,678 |
Plus: |
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Fixed Charges (excluding capitalized interest) |
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| 10,033 |
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Total earnings |
| $ | 43,711 |
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Fixed Charges: |
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Interest expensed and capitalized |
| $ | 9,144 |
An estimate of the interest component within rental expense |
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| 889 |
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Total Fixed Charges |
| $ | 10,033 |
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Ratio of Earnings to Fixed Charges |
| 4.36 | |
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