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Content analysis
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| Legalese | ||
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H.S. freshman Bad
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- 10-Q Quarterly report
- 10.1 Amendment Seven to Regions Supplemental 401(K) Plan
- 10.2 Amendment Five to the Amsouth Supplemental Thrift Plan
- 10.3 Amendment Six to the Amsouth Supplemental Thrift Plan
- 10.4 Amendment Two to the Amsouth Supplemental Retirement Plan
- 10.5 Amendment to Regions 2006 Long Term Incentive Plan
- 12 Computation of Ration of Earnings to Fixed Charges
- 31.1 Certification of Chief Executive Officer Pursuant to Section 302
- 31.2 Certification of Chief Financial Officer Pursuant to Section 302
- 32 Certification Pursuant to Section 906
- 99.1 Certification of Chief Accounting Officer
Exhibit 12
Regions Financial Corporation
Computation of Ratio of Earnings to Fixed Charges
(from Continuing Operations)
(Unaudited)
| (Amounts in thousands) | Three Months Ended March 31 | |||||
| 2008 | 2007 | |||||
Income from continuing operations before income taxes | $ | 494,524 | $ | 709,984 | ||
Interest on non-deposit interest bearing liabilities | 262,134 | 243,398 | ||||
Interest portion of rent expense from continuing operations | 15,172 | 14,237 | ||||
Total income for computation excluding interest on deposits | 771,830 | 967,619 | ||||
Interest on deposits | 503,190 | 687,459 | ||||
Total income for computation including interest on deposits | $ | 1,275,020 | $ | 1,655,078 | ||
Fixed charges excluding interest on deposits | $ | 277,306 | $ | 257,635 | ||
Fixed charges including interest on deposits | $ | 780,496 | $ | 945,094 | ||
Ratio excluding interest on deposits | 2.78 | 3.76 | ||||
Ratio including interest on deposits | 1.63 | 1.75 | ||||
Components of fixed charges: | ||||||
Interest: | ||||||
Interest on deposits | $ | 503,190 | $ | 687,459 | ||
Interest on non-deposit interest bearing liabilities | 262,134 | 243,398 | ||||
Total interest charges | $ | 765,324 | $ | 930,857 | ||
Rental expense | $ | 45,517 | $ | 42,711 | ||
Portion of rental expense deemed representative of interest | $ | 15,172 | $ | 14,237 | ||
Note: The recognized interest related to uncertain tax positions of approximately $2 million and $24 million for the three months ended March 31, 2008 and 2007, respectively, was excluded from this calculation.