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 | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
(Dollars in millions) | |||||||||||||||
Excluding Interest on Deposits | |||||||||||||||
Income from continuing operations before income taxes | $ | 378 | $ | 468 | $ | 1,122 | $ | 1,365 | |||||||
Fixed charges excluding preferred stock dividends | 52 | 64 | 160 | 199 | |||||||||||
Income for computation excluding interest on deposits | 430 | 532 | 1,282 | 1,564 | |||||||||||
Interest expense excluding interest on deposits | 38 | 50 | 117 | 157 | |||||||||||
One-third of rent expense | 14 | 14 | 43 | 42 | |||||||||||
Preferred stock dividends | 16 | 20 | 48 | 36 | |||||||||||
Fixed charges including preferred stock dividends | 68 | 84 | 208 | 235 | |||||||||||
Ratio of earnings to fixed charges, excluding interest on deposits | 6.32x | 6.34x | 6.18x | 6.66x | |||||||||||
Including Interest on Deposits | |||||||||||||||
Income from continuing operations before income taxes | $ | 378 | $ | 468 | $ | 1,122 | $ | 1,365 | |||||||
Fixed charges excluding preferred stock dividends | 79 | 90 | 242 | 277 | |||||||||||
Income for computation including interest on deposits | 457 | 558 | 1,364 | 1,642 | |||||||||||
Interest expense including interest on deposits | 65 | 76 | 199 | 235 | |||||||||||
One-third of rent expense | 14 | 14 | 43 | 42 | |||||||||||
Preferred stock dividends | 16 | 20 | 48 | 36 | |||||||||||
Fixed charges including preferred stock dividends | 95 | 110 | 290 | 313 | |||||||||||
Ratio of earnings to fixed charges, including interest on deposits | 4.80x | 5.06x | 4.70x | 5.25x |