Exhibit 12.1
Ratio of Earnings to Fixed Charges
(in millions, except ratios) | Nine Months Ended September 30, 2012 | Years Ended December 31, | ||||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income from continuing operations before income tax expense | $ | 272.7 | $ | 285.4 | $ | 122.0 | $ | 144.3 | $ | 204.8 | $ | 224.7 | ||||||||||||
Fixed charges including interest on deposits | 89.8 | 141.3 | 139.3 | 199.0 | 289.9 | 226.4 | ||||||||||||||||||
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Earnings including interest on deposits | 362.5 | 426.7 | 261.3 | 343.3 | 494.7 | 451.1 | ||||||||||||||||||
Less interest on deposits | 68.8 | 107.4 | 112.8 | 173.4 | 262.1 | 213.6 | ||||||||||||||||||
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Earnings excluding interest on deposits | $ | 293.7 | $ | 319.3 | $ | 148.5 | $ | 169.9 | $ | 232.6 | $ | 237.5 | ||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest on deposits | $ | 68.8 | $ | 107.4 | $ | 112.8 | $ | 173.4 | $ | 262.1 | $ | 213.6 | ||||||||||||
Interest on borrowings | 10.5 | 21.1 | 17.0 | 16.6 | 18.7 | 6.8 | ||||||||||||||||||
Estimated interest component of rent expense | 10.5 | 12.8 | 9.5 | 9.0 | 9.1 | 6.0 | ||||||||||||||||||
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Fixed charges including interest on deposits | 89.8 | 141.3 | 139.3 | 199.0 | 289.9 | 226.4 | ||||||||||||||||||
Less interest on deposits | 68.8 | 107.4 | 112.8 | 173.4 | 262.1 | 213.6 | ||||||||||||||||||
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Fixed charges excluding interest on deposits | $ | 21.0 | $ | 33.9 | $ | 26.5 | $ | 25.6 | $ | 27.8 | $ | 12.8 | ||||||||||||
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Ratio of earnings to fixed charges: | ||||||||||||||||||||||||
Excluding interest on deposits | 13.99 | 9.42 | 5.60 | 6.64 | 8.37 | 18.55 | ||||||||||||||||||
Including interest on deposits | 4.04 | 3.02 | 1.88 | 1.73 | 1.71 | 1.99 |