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 | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||
(Dollars in millions) | |||||||||||||||
Excluding Interest on Deposits | |||||||||||||||
Income from continuing operations before income taxes | $ | 449 | $ | 417 | $ | 1,308 | $ | 1,254 | |||||||
Fixed charges excluding preferred stock dividends | 64 | 70 | 199 | 234 | |||||||||||
Income for computation excluding interest on deposits | 513 | 487 | 1,507 | 1,488 | |||||||||||
Interest expense excluding interest on deposits | 50 | 56 | 157 | 193 | |||||||||||
One-third of rent expense | 14 | 14 | 42 | 41 | |||||||||||
Preferred stock dividends | 20 | 8 | 36 | 24 | |||||||||||
Fixed charges including preferred stock dividends | 84 | 78 | 235 | 258 | |||||||||||
Ratio of earnings to fixed charges, excluding interest on deposits | 6.12x | 6.24x | 6.42x | 5.77x | |||||||||||
Including Interest on Deposits | |||||||||||||||
Income from continuing operations before income taxes | $ | 449 | $ | 417 | $ | 1,308 | $ | 1,254 | |||||||
Fixed charges excluding preferred stock dividends | 90 | 101 | 277 | 340 | |||||||||||
Income for computation including interest on deposits | 539 | 518 | 1,585 | 1,594 | |||||||||||
Interest expense including interest on deposits | 76 | 87 | 235 | 299 | |||||||||||
One-third of rent expense | 14 | 14 | 42 | 41 | |||||||||||
Preferred stock dividends | 20 | 8 | 36 | 24 | |||||||||||
Fixed charges including preferred stock dividends | 110 | 109 | 313 | 364 | |||||||||||
Ratio of earnings to fixed charges, including interest on deposits | 4.89x | 4.78x | 5.06x | 4.38x |