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 |