Fifth Third Bancorp (FITB) 10-K 2007 FY Annual report

Exhibit 12.1

Fifth Third Bancorp

Computations of Consolidated Ratios Of Earnings To Fixed Charges

($ In Millions)

	Year Ended December 31,
	2007		2006	2005	2004	2003
Excluding Interest on Deposits
Fixed Charges:
Interest Expense (excluding interest on deposits)	$	1,012	1,172	882	563	498
One-Third of Rents, Net of Income from Subleases		24	22	19	15	14
Total Fixed Charges	$	1,036	1,194	901	578	512
Earnings:
Income from Continuing Operations
Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change	$	1,537	1,627	2,208	2,237	2,438
Fixed Charges		1,036	1,194	901	578	512
Total Earnings	$	2,573	2,821	3,109	2,815	2,950
Ratio of Earnings to Fixed Charges, Excluding Interest On Deposits		2.48 x	2.36	3.45	4.87	5.76
Including Interest on Deposits
Fixed Charges:
Interest Expense	$	3,018	3,082	2,030	1,102	1,086
One-Third of Rents, Net of Income from Subleases		24	22	19	15	14
Total Fixed Charges	$	3,042	3,104	2,049	1,117	1,100
Earnings:
Income from Continuing Operations
Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change	$	1,537	1,627	2,208	2,237	2,438
Fixed Charges		3,042	3,104	2,049	1,117	1,100
Total Earnings	$	4,579	4,731	4,257	3,354	3,538
Ratio of Earnings to Fixed Charges, Including Interest On Deposits		1.51 x	1.52	2.08	3.00	3.22