EXHIBIT 12
Regions Financial Corporation
Computation of Ratio of Earnings to Fixed Charges
(from continuing operations)
(Unaudited)
Three Months Ended June 30 | Six Months Ended June 30 | |||||||||||||||
2012 | 2011 | 2012 | 2011 | |||||||||||||
(Amounts in millions) | ||||||||||||||||
Excluding Interest on Deposits | ||||||||||||||||
Income from continuing operations before income taxes | $ | 477 | $ | 45 | $ | 798 | $ | 66 | ||||||||
Fixed charges excluding preferred stock dividends and accretion | 93 | 108 | 188 | 218 | ||||||||||||
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Income for computation excluding interest on deposits | 570 | 153 | 986 | 284 | ||||||||||||
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Interest expense excluding interest on deposits | 80 | 94 | 162 | 190 | ||||||||||||
One-third of rent expense | 13 | 14 | 26 | 28 | ||||||||||||
Preferred stock dividends and accretion | 71 | 54 | 125 | 106 | ||||||||||||
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Fixed charges including preferred stock dividends and accretion | 164 | 162 | 313 | 324 | ||||||||||||
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Ratio of earnings to fixed charges, excluding interest on deposits | 3.48x | 0.94x | 3.15x | 0.88x | ||||||||||||
Including Interest on Deposits | ||||||||||||||||
Income from continuing operations before income taxes | $ | 477 | $ | 45 | $ | 798 | $ | 66 | ||||||||
Fixed charges excluding preferred stock dividends and accretion | 169 | 234 | 352 | 483 | ||||||||||||
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Income for computation including interest on deposits | 646 | 279 | 1,150 | 549 | ||||||||||||
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Interest expense including interest on deposits | 156 | 220 | 326 | 455 | ||||||||||||
One-third of rent expense | 13 | 14 | 26 | 28 | ||||||||||||
Preferred stock dividends and accretion | 71 | 54 | 125 | 106 | ||||||||||||
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Fixed charges including preferred stock dividends and accretion | 240 | 288 | 477 | 589 | ||||||||||||
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Ratio of earnings to fixed charges, including interest on deposits | 2.69x | 0.97x | 2.41x | 0.93x |