EXHIBIT 12
Regions Financial Corporation
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
Three Months Ended March 31 (1) | |||||||
2010 | 2009 | ||||||
(Amounts in millions) | |||||||
Excluding Interest on Deposits | |||||||
Income (loss) before income taxes | $ | (357 | ) | $ | 392 | ||
Fixed charges excluding preferred stock dividends and accretion | 160 | 221 | |||||
Income (loss) for computation excluding interest on deposits | (197 | ) | 613 | ||||
Interest expense excluding interest on deposits | 142 | 204 | |||||
One-third of rent expense | 18 | 17 | |||||
Preferred stock dividends and accretion | 59 | 51 | |||||
Fixed charges including preferred stock dividends and accretion | 219 | 272 | |||||
Ratio of earnings to fixed charges, excluding interest on deposits | (0.90 | ) | 2.25 | ||||
Including Interest on Deposits | |||||||
Income (loss) before income taxes | $ | (357 | ) | $ | 392 | ||
Fixed charges excluding preferred stock dividends and accretion | 402 | 587 | |||||
Income (loss) for computation including interest on deposits | 45 | 979 | |||||
Interest expense including interest on deposits | 384 | 570 | |||||
One-third of rent expense | 18 | 17 | |||||
Preferred stock dividends and accretion | 59 | 51 | |||||
Fixed charges including preferred stock dividends and accretion | 461 | 638 | |||||
Ratio of earnings to fixed charges, including interest on deposits | 0.10 | 1.53 |
(1) | For purposes of this computation, the recognized interest related to uncertain tax positions of less than $1 million for both the three months ended March 31, 2010 and 2009 was excluded. |