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 |
| | 2017 | | 2016 | | 2017 | | 2016 |
| | (Dollars in millions) |
| Excluding Interest on Deposits | | | | | | | |
| Income from continuing operations before income taxes | $ | 450 |
| | $ | 387 |
| | $ | 872 |
| | $ | 773 |
|
| Fixed charges excluding preferred stock dividends | 65 |
| | 65 |
| | 130 |
| | 126 |
|
| Income for computation excluding interest on deposits | 515 |
| | 452 |
| | 1,002 |
| | 899 |
|
| Interest expense excluding interest on deposits | 52 |
| | 50 |
| | 102 |
| | 97 |
|
| One-third of rent expense | 14 |
| | 15 |
| | 28 |
| | 29 |
|
| Preferred stock dividends | 16 |
| | 16 |
| | 32 |
| | 32 |
|
| Fixed charges including preferred stock dividends | 82 |
| | 81 |
| | 162 |
| | 158 |
|
| Ratio of earnings to fixed charges, excluding interest on deposits | 6.34x |
| | 5.62x |
| | 6.20x |
| | 5.70x |
|
| Including Interest on Deposits | | | | | | | |
| Income from continuing operations before income taxes | $ | 450 |
| | $ | 387 |
| | $ | 872 |
| | $ | 773 |
|
| Fixed charges excluding preferred stock dividends | 103 |
| | 93 |
| | 202 |
| | 181 |
|
| Income for computation including interest on deposits | 553 |
| | 480 |
| | 1,074 |
| | 954 |
|
| Interest expense including interest on deposits | 89 |
| | 78 |
| | 174 |
| | 152 |
|
| One-third of rent expense | 14 |
| | 15 |
| | 28 |
| | 29 |
|
| Preferred stock dividends | 16 |
| | 16 |
| | 32 |
| | 32 |
|
| Fixed charges including preferred stock dividends | 119 |
| | 109 |
| | 234 |
| | 213 |
|
| Ratio of earnings to fixed charges, including interest on deposits | 4.65x |
| | 4.42x |
| | 4.60x |
| | 4.48x |
|
