Exhibit 12
CVB Financial Corp.
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
| For the Year Ended December 31, |
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2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
Earnings excluding interest on deposits(1): | ||||||||||||||||||||
Earnings before income taxes | $ | 188,795 | $ | 162,286 | $ | 151,366 | $ | 162,797 | $ | 144,275 | ||||||||||
Fixed charges | 4,212 | 3,896 | 5,136 | 13,341 | 13,449 | |||||||||||||||
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$ | 193,007 | $ | 166,182 | $ | 156,502 | $ | 176,138 | $ | 157,724 | |||||||||||
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Fixed charges(1): | ||||||||||||||||||||
Interest on borrowings | $ | 2,252 | $ | 2,019 | $ | 3,305 | $ | 11,412 | $ | 11,620 | ||||||||||
Amortization of debt expense | - | - | - | - | - | |||||||||||||||
Interest portion of rental expense | 1,960 | 1,877 | 1,831 | 1,929 | 1,829 | |||||||||||||||
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$ | 4,212 | $ | 3,896 | $ | 5,136 | $ | 13,341 | $ | 13,449 | |||||||||||
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Ratio of earnings to fixed charges, excluding interest on deposits | 45.82 | 42.65 | 30.47 | 13.20 | 11.73 | |||||||||||||||
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Ratio of earnings to fixed charges and preferred dividends, excluding interest on deposits | 45.82 | 42.65 | 30.47 | 13.20 | 11.73 | |||||||||||||||
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Earnings including interest on deposits(1): | ||||||||||||||||||||
Earnings before income taxes | $ | 188,795 | $ | 162,286 | $ | 151,366 | $ | 162,797 | $ | 144,275 | ||||||||||
Fixed charges | 10,256 | 9,853 | 10,402 | 18,318 | 18,336 | |||||||||||||||
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$ | 199,051 | $ | 172,139 | $ | 161,768 | $ | 181,115 | $ | 162,611 | |||||||||||
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Fixed charges(1): | ||||||||||||||||||||
Interest on deposits | $ | 6,044 | $ | 5,957 | $ | 5,266 | $ | 4,977 | $ | 4,887 | ||||||||||
Interest on borrowings | 2,252 | 2,019 | 3,305 | 11,412 | 11,620 | |||||||||||||||
Amortization of debt expense | - | - | - | - | - | |||||||||||||||
Interest portion of rental expense | 1,960 | 1,877 | 1,831 | 1,929 | 1,829 | |||||||||||||||
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$ | 10,256 | $ | 9,853 | $ | 10,402 | $ | 18,318 | $ | 18,336 | |||||||||||
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Ratio of earnings to fixed charges, including interest on deposits | 19.41 | 17.47 | 15.55 | 9.89 | 8.87 | |||||||||||||||
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Ratio of earnings to fixed charges and preferred dividends, including interest on deposits | 19.41 | 17.47 | 15.55 | 9.89 | 8.87 | |||||||||||||||
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(1) As defined in Item 503(d) of RegulationS-K.