EXHIBIT 12
Regions Financial Corporation
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||
2010 | 2009 | 2010 | 2009 | |||||||||||||
(Amounts in millions) | ||||||||||||||||
Excluding Interest on Deposits | ||||||||||||||||
Income (loss) before income taxes | $ | (305 | ) | $ | (651 | ) | $ | (1,027 | ) | $ | (372 | ) | ||||
Fixed charges excluding preferred stock dividends and accretion | 139 | 188 | 446 | 616 | ||||||||||||
Income (loss) for computation excluding interest on deposits | (166 | ) | (463 | ) | (581 | ) | 244 | |||||||||
Interest expense excluding interest on deposits | 123 | 168 | 395 | 562 | ||||||||||||
One-third of rent expense | 16 | 20 | 51 | 54 | ||||||||||||
Preferred stock dividends and accretion | 54 | 60 | 171 | 167 | ||||||||||||
Fixed charges including preferred stock dividends and accretion | 193 | 248 | 617 | 783 | ||||||||||||
Ratio of earnings to fixed charges, excluding interest on deposits | (0.86 | )x | (1.87 | )x | (0.94 | )x | 0.31x | |||||||||
Including Interest on Deposits | ||||||||||||||||
Income (loss) before income taxes | $ | (305 | ) | $ | (651 | ) | $ | (1,027 | ) | $ | (372 | ) | ||||
Fixed charges excluding preferred stock dividends and accretion | 306 | 489 | 1,049 | 1,613 | ||||||||||||
Income (loss) for computation including interest on deposits | 1 | (162 | ) | 22 | 1,241 | |||||||||||
Interest expense including interest on deposits | 290 | 469 | 998 | 1,559 | ||||||||||||
One-third of rent expense | 16 | 20 | 51 | 54 | ||||||||||||
Preferred stock dividends and accretion | 54 | 60 | 171 | 167 | ||||||||||||
Fixed charges including preferred stock dividends and accretion | 360 | 549 | 1,220 | 1,780 | ||||||||||||
Ratio of earnings to fixed charges, including interest on deposits | 0.00x | (0.30 | )x | 0.02x | 0.70x |