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 | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(Dollars in millions) | ||||||||||||||||
Excluding Interest on Deposits | ||||||||||||||||
Income from continuing operations before income taxes | $ | 390 | $ | 477 | $ | 837 | $ | 798 | ||||||||
Fixed charges excluding preferred stock dividends and accretion | 80 | 93 | 164 | 188 | ||||||||||||
Income for computation excluding interest on deposits | 470 | 570 | 1,001 | 986 | ||||||||||||
Interest expense excluding interest on deposits | 66 | 80 | 137 | 162 | ||||||||||||
One-third of rent expense | 14 | 13 | 27 | 26 | ||||||||||||
Preferred stock dividends and accretion | 8 | 71 | 16 | 125 | ||||||||||||
Fixed charges including preferred stock dividends and accretion | 88 | 164 | 180 | 313 | ||||||||||||
Ratio of earnings to fixed charges, excluding interest on deposits | 5.34x | 3.48x | 5.56x | 3.15x | ||||||||||||
Including Interest on Deposits | ||||||||||||||||
Income from continuing operations before income taxes | $ | 390 | $ | 477 | $ | 837 | $ | 798 | ||||||||
Fixed charges excluding preferred stock dividends and accretion | 113 | 169 | 239 | 352 | ||||||||||||
Income for computation including interest on deposits | 503 | 646 | 1,076 | 1,150 | ||||||||||||
Interest expense including interest on deposits | 99 | 156 | 212 | 326 | ||||||||||||
One-third of rent expense | 14 | 13 | 27 | 26 | ||||||||||||
Preferred stock dividends and accretion | 8 | 71 | 16 | 125 | ||||||||||||
Fixed charges including preferred stock dividends and accretion | 121 | 240 | 255 | 477 | ||||||||||||
Ratio of earnings to fixed charges, including interest on deposits | 4.16x | 2.69x | 4.22x | 2.41x |