EXHIBIT 12
Regions Financial Corporation
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||
2011 | 2010 | 2011 | 2010 | |||||||||||||
(Amounts in millions) | ||||||||||||||||
Excluding Interest on Deposits | ||||||||||||||||
Income (loss) before income taxes | $ | 182 | $ | (305 | ) | $ | 288 | $ | (1,027 | ) | ||||||
Fixed charges excluding preferred stock dividends and accretion | 110 | 139 | 337 | 446 | ||||||||||||
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Income (loss) for computation excluding interest on deposits | 292 | (166 | ) | 625 | (581 | ) | ||||||||||
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Interest expense excluding interest on deposits | 94 | 123 | 288 | 395 | ||||||||||||
One-third of rent expense | 16 | 16 | 49 | 51 | ||||||||||||
Preferred stock dividends and accretion | 54 | 54 | 160 | 171 | ||||||||||||
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Fixed charges including preferred stock dividends and accretion | 164 | 193 | 497 | 617 | ||||||||||||
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Ratio of earnings to fixed charges, excluding interest on deposits | 1.78x | (0.86 | )x | 1.26x | (0.94 | )x | ||||||||||
Including Interest on Deposits | ||||||||||||||||
Income (loss) before income taxes | $ | 182 | $ | (305 | ) | $ | 288 | $ | (1,027 | ) | ||||||
Fixed charges excluding preferred stock dividends and accretion | 222 | 306 | 714 | 1,049 | ||||||||||||
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Income for computation including interest on deposits | 404 | 1 | 1,002 | 22 | ||||||||||||
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Interest expense including interest on deposits | 206 | 290 | 665 | 998 | ||||||||||||
One-third of rent expense | 16 | 16 | 49 | 51 | ||||||||||||
Preferred stock dividends and accretion | 54 | 54 | 160 | 171 | ||||||||||||
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Fixed charges including preferred stock dividends and accretion | 276 | 360 | 874 | 1,220 | ||||||||||||
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Ratio of earnings to fixed charges, including interest on deposits | 1.46x | 0.00x | 1.15x | 0.02x |