EXHIBIT 12
Regions Financial Corporation
Computation of Ratio of Earnings to Fixed Charges
(from continuing operations)
(Unaudited)
December 31 | ||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||
Excluding Interest on Deposits | ||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 161 | $ | (844 | ) | $ | (1,268 | ) | $ | (6,032 | ) | $ | 1,879 | |||||||
Fixed charges excluding preferred stock dividends and accretion | 425 | 550 | 766 | 1,007 | 950 | |||||||||||||||
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Income (loss) for computation excluding interest on deposits | 586 | (294 | ) | (502 | ) | (5,025 | ) | 2,829 | ||||||||||||
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Interest expense excluding interest on deposits | 370 | 493 | 707 | 953 | 893 | |||||||||||||||
One-third of rent expense | 55 | 57 | 59 | 54 | 57 | |||||||||||||||
Preferred stock dividends and accretion | 214 | 224 | 230 | 26 | — | |||||||||||||||
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Fixed charges including preferred stock dividends | 639 | 774 | 996 | 1,033 | 950 | |||||||||||||||
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Ratio of earnings to fixed charges, excluding interest on deposits | 0.92x | (0.38 | )x | (0.50 | )x | (4.86 | )x | 2.98x | ||||||||||||
Including Interest on Deposits | ||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 161 | $ | (844 | ) | $ | (1,268 | ) | $ | (6,032 | ) | $ | 1,879 | |||||||
Fixed charges excluding preferred stock dividends and accretion | 897 | 1,305 | 2,043 | 2,731 | 3,614 | |||||||||||||||
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Income (loss) for computation including interest on deposits | 1,058 | 461 | 775 | (3,301 | ) | 5,493 | ||||||||||||||
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Interest expense including interest on deposits | 842 | 1,248 | 1,984 | 2,677 | 3,557 | |||||||||||||||
One-third of rent expense | 55 | 57 | 59 | 54 | 57 | |||||||||||||||
Preferred stock dividends and accretion | 214 | 224 | 230 | 26 | — | |||||||||||||||
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Fixed charges including preferred stock dividends | 1,111 | 1,529 | 2,273 | 2,757 | 3,614 | |||||||||||||||
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Ratio of earnings to fixed charges, including interest on deposits | 0.95x | 0.30x | 0.34x | (1.20 | )x | 1.52x |