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 |
| | 2018 | | 2017 | | 2018 | | 2017 |
| | (Dollars in millions) |
| Excluding Interest on Deposits | | | | | | | |
| Income from continuing operations before income taxes | $ | 467 |
| | $ | 449 |
| | $ | 1,009 |
| | $ | 869 |
|
| Fixed charges excluding preferred stock dividends | 94 |
| | 65 |
| | 180 |
| | 129 |
|
| Income for computation excluding interest on deposits | 561 |
| | 514 |
| | 1,189 |
| | 998 |
|
| Interest expense excluding interest on deposits | 79 |
| | 52 |
| | 152 |
| | 102 |
|
| One-third of rent expense | 15 |
| | 13 |
| | 28 |
| | 27 |
|
| Preferred stock dividends | 16 |
| | 16 |
| | 32 |
| | 32 |
|
| Fixed charges including preferred stock dividends | 110 |
| | 81 |
| | 212 |
| | 161 |
|
| Ratio of earnings to fixed charges, excluding interest on deposits | 5.12x |
| | 6.35x |
| | 5.62x |
| | 6.21x |
|
| Including Interest on Deposits | | | | | | | |
| Income from continuing operations before income taxes | $ | 467 |
| | $ | 449 |
| | $ | 1,009 |
| | $ | 869 |
|
| Fixed charges excluding preferred stock dividends | 151 |
| | 102 |
| | 286 |
| | 201 |
|
| Income for computation including interest on deposits | 618 |
| | 551 |
| | 1,295 |
| | 1,070 |
|
| Interest expense including interest on deposits | 136 |
| | 89 |
| | 258 |
| | 174 |
|
| One-third of rent expense | 15 |
| | 13 |
| | 28 |
| | 27 |
|
| Preferred stock dividends | 16 |
| | 16 |
| | 32 |
| | 32 |
|
| Fixed charges including preferred stock dividends | 167 |
| | 118 |
| | 318 |
| | 233 |
|
| Ratio of earnings to fixed charges, including interest on deposits | 3.72x |
| | 4.66x |
| | 4.08x |
| | 4.60x |
|
