Exhibit 12.2
Fifth Third Bancorp
Computations of Consolidated Ratios Of Earnings To Combined Fixed Charges and Preferred Stock Dividend Requirements
($ In Millions)
Excluding Interest on Deposits: | Three Months Ended September 30, 2008 | Nine months Ended September 30, 2008 | |||||
Fixed Charges: | |||||||
Interest Expense (excluding interest on deposits) | $ | 194 | $ | 614 | |||
One-Third of Rents, Net of Income from Subleases | 8 | 21 | |||||
Preferred Stock Dividends | 58 | 159 | |||||
Total Fixed Charges | $ | 260 | $ | 794 | |||
Earnings: | |||||||
Income (Loss) Before Income Taxes | $ | (128 | ) | $ | 179 | ||
Fixed Charges – Excluding Preferred Stock Dividends | 202 | 635 | |||||
Total Earnings | $ | 74 | $ | 814 | |||
Ratio of Earnings to Fixed Charges, Excluding | |||||||
Interest On Deposits | 0.29x | 1.03x | |||||
Including Interest on Deposits: | |||||||
Fixed Charges: | |||||||
Interest Expense | $ | 485 | $ | 1,581 | |||
One-Third of Rents, Net of Income from Subleases | 8 | 21 | |||||
Preferred Stock Dividends | 58 | 159 | |||||
Total Fixed Charges | $ | 551 | $ | 1,761 | |||
Earnings: | |||||||
Income (Loss) Before Income Taxes | $ | (128 | ) | $ | 179 | ||
Fixed Charges – Excluding Preferred Stock Dividends | 493 | 1,602 | |||||
Total Earnings | $ | 365 | $ | 1,781 | |||
Ratio of Earnings to Fixed Charges, Including | |||||||
Interest On Deposits | 0.66x | 1.01x | |||||