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 |
| | 2015 | | 2014 | | 2015 | | 2014 |
| | (Dollars in millions) |
| Excluding Interest on Deposits | | | | | | | |
| Income from continuing operations before income taxes | $ | 413 |
| | $ | 443 |
| | $ | 744 |
| | $ | 897 |
|
| Fixed charges excluding preferred stock dividends | 51 |
| | 66 |
| | 108 |
| | 135 |
|
| Income for computation excluding interest on deposits | 464 |
| | 509 |
| | 852 |
| | 1,032 |
|
| Interest expense excluding interest on deposits | 36 |
| | 52 |
| | 79 |
| | 107 |
|
| One-third of rent expense | 15 |
| | 14 |
| | 29 |
| | 28 |
|
| Preferred stock dividends | 16 |
| | 8 |
| | 32 |
| | 16 |
|
| Fixed charges including preferred stock dividends | 67 |
| | 74 |
| | 140 |
| | 151 |
|
| Ratio of earnings to fixed charges, excluding interest on deposits | 7.03x |
| | 6.91x |
| | 6.11x |
| | 6.84x |
|
| Including Interest on Deposits | | | | | | | |
| Income from continuing operations before income taxes | $ | 413 |
| | $ | 443 |
| | $ | 744 |
| | $ | 897 |
|
| Fixed charges excluding preferred stock dividends | 78 |
| | 91 |
| | 163 |
| | 187 |
|
| Income for computation including interest on deposits | 491 |
| | 534 |
| | 907 |
| | 1,084 |
|
| Interest expense including interest on deposits | 63 |
| | 77 |
| | 134 |
| | 159 |
|
| One-third of rent expense | 15 |
| | 14 |
| | 29 |
| | 28 |
|
| Preferred stock dividends | 16 |
| | 8 |
| | 32 |
| | 16 |
|
| Fixed charges including preferred stock dividends | 94 |
| | 99 |
| | 195 |
| | 203 |
|
| Ratio of earnings to fixed charges, including interest on deposits | 5.26x |
| | 5.42x |
| | 4.65x |
| | 5.35x |
|
