EXHIBIT 12
Regions Financial Corporation
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
Three Months Ended June 30 | Six Months Ended June 30 | |||||||||||||||
2011 | 2010 | 2011 | 2010 | |||||||||||||
(Amounts in millions) | ||||||||||||||||
Excluding Interest on Deposits | ||||||||||||||||
Income (loss) before income taxes | $ | 49 | $ | (365 | ) | $ | 106 | $ | (722 | ) | ||||||
Fixed charges excluding preferred stock dividends and accretion | 112 | 147 | 227 | 307 | ||||||||||||
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Income (loss) for computation excluding interest on deposits | 161 | (218 | ) | 333 | (415 | ) | ||||||||||
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Interest expense excluding interest on deposits | 96 | 130 | 194 | 272 | ||||||||||||
One-third of rent expense | 16 | 17 | 33 | 35 | ||||||||||||
Preferred stock dividends and accretion | 54 | 58 | 106 | 117 | ||||||||||||
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Fixed charges including preferred stock dividends and accretion | 166 | 205 | 333 | 424 | ||||||||||||
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Ratio of earnings to fixed charges, excluding interest on deposits | 0.97x | (1.06 | )x | 1.00x | (0.98 | )x | ||||||||||
Including Interest on Deposits | ||||||||||||||||
Income (loss) before income taxes | $ | 49 | $ | (365 | ) | $ | 106 | $ | (722 | ) | ||||||
Fixed charges excluding preferred stock dividends and accretion | 238 | 341 | 492 | 743 | ||||||||||||
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Income for computation including interest on deposits | 287 | (24 | ) | 598 | 21 | |||||||||||
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Interest expense including interest on deposits | 222 | 324 | 459 | 708 | ||||||||||||
One-third of rent expense | 16 | 17 | 33 | 35 | ||||||||||||
Preferred stock dividends and accretion | 54 | 58 | 106 | 117 | ||||||||||||
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Fixed charges including preferred stock dividends and accretion | 292 | 399 | 598 | 860 | ||||||||||||
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Ratio of earnings to fixed charges, including interest on deposits | 0.98x | (0.06 | )x | 1.00x | 0.02x |