Regions Financial (RF) 10-Q 2007 Q2 Quarterly report

EXHIBIT 12

Regions Financial Corporation

Computation of Ratio of Earnings to Fixed Charges

(from Continuing Operations)

(Unaudited)

(Amounts in thousands)	Three Months Ended June 30				Six Months Ended June 30
	2007 (3)		2006		2007 (2)		2006
Income from continuing operations	$	453,732	$	343,462	$	927,808	$	642,604
Provision for income taxes from continuing operations		230,669		150,280		466,577		287,825
Income before income taxes from continuing operations	$	684,401	$	493,742	$	1,394,385	$	930,429
Interest on nondeposit interest bearing liabilities		244,906		145,425		488,304		283,722
Interest portion of rent expense from continuing operations		14,866		7,227		29,103		15,031
Total income for computation excluding interest on deposits		944,173		646,394		1,911,792		1,229,182
Interest on deposits		677,239		357,026		1,364,698		671,734
Total income for computation including interest on deposits	$	1,621,412	$	1,003,420	$	3,276,490	$	1,900,916
Fixed charges excluding interest on deposits	$	259,772	$	152,652	$	517,407	$	298,753
Fixed charges including interest on deposits	$	937,011	$	509,678	$	1,882,105	$	970,487
Ratio excluding interest on deposits (1)		3.63		4.23		3.69		4.11
Ratio including interest on deposits		1.73		1.97		1.74		1.96
Components of fixed charges:
Interest:
Interest on deposits	$	677,239	$	357,026	$	1,364,698	$	671,734
Interest on nondeposit interest bearing liabilities		244,906		145,425		488,304		283,722
Total interest charges	$	922,145	$	502,451	$	1,853,002	$	955,456
Rental expense	$	44,598	$	21,680	$	87,309	$	45,094
Portion of rental expense deemed representative of interest	$	14,866	$	7,227	$	29,103	$	15,031

(1) For purposes of computing the ratio of earnings to fixed charges, earnings as adjusted consists of income (loss) before income taxes plus fixed charges. Fixed charges, excluding interest on deposits, consists of interest and debt expense, amortization of deferred debt costs, and the estimated interest portion of rent expense.

(2) For purposes of this computation, the recognized interest related to uncertain tax positions of approximately $48 million was excluded.

(3) For purposes of this computation, the recognized interest related to uncertain tax positions of approximately $24 million was excluded.