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 | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(Dollars in millions) | ||||||||||||||||
Excluding Interest on Deposits | ||||||||||||||||
Income from continuing operations before income taxes | $ | 417 | $ | 448 | $ | 1,254 | $ | 1,246 | ||||||||
Fixed charges excluding preferred stock dividends and accretion | 70 | 95 | 234 | 283 | ||||||||||||
Income for computation excluding interest on deposits | 487 | 543 | 1,488 | 1,529 | ||||||||||||
Interest expense excluding interest on deposits | 56 | 80 | 193 | 242 | ||||||||||||
One-third of rent expense | 14 | 15 | 41 | 41 | ||||||||||||
Preferred stock dividends and accretion | 8 | — | 24 | 125 | ||||||||||||
Fixed charges including preferred stock dividends and accretion | 78 | 95 | 258 | 408 | ||||||||||||
Ratio of earnings to fixed charges, excluding interest on deposits | 6.24x | 5.72x | 5.77x | 3.75x | ||||||||||||
Including Interest on Deposits | ||||||||||||||||
Income from continuing operations before income taxes | $ | 417 | $ | 448 | $ | 1,254 | $ | 1,246 | ||||||||
Fixed charges excluding preferred stock dividends and accretion | 101 | 162 | 340 | 514 | ||||||||||||
Income for computation including interest on deposits | 518 | 610 | 1,594 | 1,760 | ||||||||||||
Interest expense including interest on deposits | 87 | 147 | 299 | 473 | ||||||||||||
One-third of rent expense | 14 | 15 | 41 | 41 | ||||||||||||
Preferred stock dividends and accretion | 8 | — | 24 | 125 | ||||||||||||
Fixed charges including preferred stock dividends and accretion | 109 | 162 | 364 | 639 | ||||||||||||
Ratio of earnings to fixed charges, including interest on deposits | 4.78x | 3.77x | 4.38x | 2.75x |