Regions Financial (RF) 10-Q 2007 Q3 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 September 30				Nine Months Ended September 30
	2007 (3)		2006		2007 (2)		2006
Income from continuing operations	$	394,240	$	357,922	$	1,322,048	$	1,000,526
Provision for income taxes from continuing operations		179,291		156,575		645,868		444,400
Income before income taxes from continuing operations	$	573,531	$	514,497	$	1,967,916	$	1,444,926
Interest on nondeposit interest bearing liabilities		259,754		150,744		748,058		434,466
Interest portion of rent expense from continuing operations		21,283		7,473		50,386		22,504
Total income for computation excluding interest on deposits		854,568		672,714		2,766,360		1,901,896
Interest on deposits		673,585		411,178		2,038,283		1,082,912
Total income for computation including interest on deposits	$	1,528,153	$	1,083,892	$	4,804,643	$	2,984,808
Fixed charges excluding interest on deposits	$	281,037	$	158,217	$	798,444	$	456,970
Fixed charges including interest on deposits	$	954,622	$	569,395	$	2,836,727	$	1,539,882
Ratio excluding interest on deposits(1)		3.04		4.25		3.46		4.16
Ratio including interest on deposits		1.60		1.90		1.69		1.94
Components of fixed charges:
Interest:
Interest on deposits	$	673,585	$	411,178	$	2,038,283	$	1,082,912
Interest on nondeposit interest bearing liabilities		259,753		150,744		748,058		434,466
Total interest charges	$	933,339	$	561,922	$	2,786,341	$	1,517,378
Rental expense	$	63,849	$	22,418	$	151,158	$	67,511
Portion of rental expense deemed representative of interest	$	21,283	$	7,473	$	50,386	$	22,504

(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 $62 million was excluded.

(3) For purposes of this computation, the recognized interest related to uncertain tax positions of approximately $14 million was excluded.