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 | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||
(Dollars in millions) | |||||||||||||||
Excluding Interest on Deposits | |||||||||||||||
Income from continuing operations before income taxes | $ | 424 | $ | 390 | $ | 859 | $ | 837 | |||||||
Fixed charges excluding preferred stock dividends | 66 | 80 | 135 | 164 | |||||||||||
Income for computation excluding interest on deposits | 490 | 470 | 994 | 1,001 | |||||||||||
Interest expense excluding interest on deposits | 52 | 66 | 107 | 137 | |||||||||||
One-third of rent expense | 14 | 14 | 28 | 27 | |||||||||||
Preferred stock dividends and accretion | 8 | 8 | 16 | 16 | |||||||||||
Fixed charges including preferred stock dividends | 74 | 88 | 151 | 180 | |||||||||||
Ratio of earnings to fixed charges, excluding interest on deposits | 6.64x | 5.34x | 6.59x | 5.56x | |||||||||||
Including Interest on Deposits | |||||||||||||||
Income from continuing operations before income taxes | $ | 424 | $ | 390 | $ | 859 | $ | 837 | |||||||
Fixed charges excluding preferred stock dividends | 91 | 113 | 187 | 239 | |||||||||||
Income for computation including interest on deposits | 515 | 503 | 1,046 | 1,076 | |||||||||||
Interest expense including interest on deposits | 77 | 99 | 159 | 212 | |||||||||||
One-third of rent expense | 14 | 14 | 28 | 27 | |||||||||||
Preferred stock dividends and accretion | 8 | 8 | 16 | 16 | |||||||||||
Fixed charges including preferred stock dividends | 99 | 121 | 203 | 255 | |||||||||||
Ratio of earnings to fixed charges, including interest on deposits | 5.22x | 4.16x | 5.16x | 4.22x |