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 | ||||||||||||||
2017 | 2016 | 2017 | 2016 | ||||||||||||
(Dollars in millions) | |||||||||||||||
Excluding Interest on Deposits | |||||||||||||||
Income from continuing operations before income taxes | $ | 451 | $ | 471 | $ | 1,323 | $ | 1,244 | |||||||
Fixed charges excluding preferred stock dividends | 69 | 65 | 199 | 191 | |||||||||||
Income for computation excluding interest on deposits | 520 | 536 | 1,522 | 1,435 | |||||||||||
Interest expense excluding interest on deposits | 55 | 51 | 157 | 148 | |||||||||||
One-third of rent expense | 14 | 14 | 42 | 43 | |||||||||||
Preferred stock dividends | 16 | 16 | 48 | 48 | |||||||||||
Fixed charges including preferred stock dividends | 85 | 81 | 247 | 239 | |||||||||||
Ratio of earnings to fixed charges, excluding interest on deposits | 6.12x | 6.63x | 6.17x | 6.02x | |||||||||||
Including Interest on Deposits | |||||||||||||||
Income from continuing operations before income taxes | $ | 451 | $ | 471 | $ | 1,323 | $ | 1,244 | |||||||
Fixed charges excluding preferred stock dividends | 111 | 96 | 313 | 277 | |||||||||||
Income for computation including interest on deposits | 562 | 567 | 1,636 | 1,521 | |||||||||||
Interest expense including interest on deposits | 97 | 82 | 271 | 234 | |||||||||||
One-third of rent expense | 14 | 14 | 42 | 43 | |||||||||||
Preferred stock dividends | 16 | 16 | 48 | 48 | |||||||||||
Fixed charges including preferred stock dividends | 127 | 112 | 361 | 325 | |||||||||||
Ratio of earnings to fixed charges, including interest on deposits | 4.43x | 5.08x | 4.54x | 4.69x |