EXHIBIT 12(b)
Fifth Third Bancorp
Computations of Consolidated Ratios Of Earnings To Combined Fixed Charges and Preferred Stock Dividend Requirements
($ In Millions)
Three Months Ended March 31, 2007 | Year Ended December 31, | ||||||||||||
2006 | 2005 | 2004 | 2003 | 2002 | |||||||||
Excluding Interest on Deposits: | |||||||||||||
Fixed Charges: | |||||||||||||
Interest Expense (excluding interest on deposits) | $ | 226 | 1,172 | 882 | 563 | 498 | 502 | ||||||
One-Third of Rents, Net of Income from Subleases | 6 | 22 | 19 | 15 | 14 | 11 | |||||||
Preferred Stock Dividends | 0 | 1 | 1 | 1 | 1 | 1 | |||||||
Total Fixed Charges | 232 | 1,195 | 902 | 579 | 513 | 514 | |||||||
Earnings: | |||||||||||||
Income Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change | $ | 507 | 1,627 | 2,208 | 2,237 | 2,438 | 2,299 | ||||||
Fixed Charges - Excluding Preferred Stock Dividends | 232 | 1,194 | 901 | 578 | 512 | 513 | |||||||
Total Earnings | 739 | 2,821 | 3,109 | 2,815 | 2,950 | 2,812 | |||||||
Ratio of Earnings to Fixed Charges, Excluding Interest On Deposits | 3.19x | 2.36x | 3.45x | 4.86x | 5.75x | 5.47x | |||||||
Including Interest on Deposits: | |||||||||||||
Fixed Charges: | |||||||||||||
Interest Expense | $ | 724 | 3,082 | 2,030 | 1,102 | 1,086 | 1,430 | ||||||
One-Third of Rents, Net of Income from Subleases | 6 | 22 | 19 | 15 | 14 | 11 | |||||||
Preferred Stock Dividends | 0 | 1 | 1 | 1 | 1 | 1 | |||||||
Total Fixed Charges | 730 | 3,105 | 2,050 | 1,118 | 1,101 | 1,442 | |||||||
Earnings: | |||||||||||||
Income Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change | $ | 507 | 1,627 | 2,208 | 2,237 | 2,438 | 2,299 | ||||||
Fixed Charges - Excluding Preferred Stock Dividends | 730 | 3,104 | 2,049 | 1,117 | 1,100 | 1,441 | |||||||
Total Earnings | 1,237 | 4,731 | 4,257 | 3,354 | 3,538 | 3,740 | |||||||
Ratio of Earnings to Fixed Charges, Including Interest On Deposits | 1.69x | 1.52x | 2.08x | 3.00x | 3.21x | 2.59x |