EXHIBIT 12
Regions Financial Corporation
Computation of Ratio of Earnings to Fixed Charges
(from continuing operations)
(Unaudited)
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||
2012 | 2011 | 2012 | 2011 | |||||||||||||
(Amounts in millions) | ||||||||||||||||
Excluding Interest on Deposits | ||||||||||||||||
Income from continuing operations before income taxes | $ | 448 | $ | 158 | $ | 1,246 | $ | 224 | ||||||||
Fixed charges excluding preferred stock dividends and accretion | 95 | 107 | 283 | 324 | ||||||||||||
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Income for computation excluding interest on deposits | 543 | 265 | 1,529 | 548 | ||||||||||||
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Interest expense excluding interest on deposits | 80 | 93 | 242 | 283 | ||||||||||||
One-third of rent expense | 15 | 14 | 41 | 41 | ||||||||||||
Preferred stock dividends and accretion | — | 54 | 125 | 160 | ||||||||||||
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Fixed charges including preferred stock dividends and accretion | 95 | 161 | 408 | 484 | ||||||||||||
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Ratio of earnings to fixed charges, excluding interest on deposits | 5.72x | 1.65x | 3.75x | 1.13x | ||||||||||||
Including Interest on Deposits | ||||||||||||||||
Income from continuing operations before income taxes | $ | 448 | $ | 158 | $ | 1,246 | $ | 224 | ||||||||
Fixed charges excluding preferred stock dividends and accretion | 162 | 219 | 514 | 701 | ||||||||||||
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Income for computation including interest on deposits | 610 | 377 | 1,760 | 925 | ||||||||||||
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Interest expense including interest on deposits | 147 | 205 | 473 | 660 | ||||||||||||
One-third of rent expense | 15 | 14 | 41 | 41 | ||||||||||||
Preferred stock dividends and accretion | — | 54 | 125 | 160 | ||||||||||||
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Fixed charges including preferred stock dividends and accretion | 162 | 273 | 639 | 861 | ||||||||||||
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Ratio of earnings to fixed charges, including interest on deposits | 3.77x | 1.38x | 2.75x | 1.07x |