Exhibit 12.2
Fifth Third Bancorp
Computations of Consolidated Ratios Of Earnings To Combined Fixed Charges and Preferred Stock Dividend Requirements
($ In Millions)
Year Ended December 31, | ||||||||||||
Excluding Interest on Deposits | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||
Fixed Charges: | ||||||||||||
Interest Expense (excluding interest on deposits) | $ | 805 | 1,012 | 1,172 | 882 | 563 | ||||||
One-Third of Rents, Net of Income from Subleases | 28 | 24 | 22 | 19 | 15 | |||||||
Preferred Stock Dividends | 67 | 1 | 1 | 1 | 1 | |||||||
Total Fixed Charges | $ | 900 | 1,037 | 1,195 | 902 | 579 | ||||||
Earnings: | ||||||||||||
Income (Loss) Before Income Taxes and Cumulative Effect | $ | (2,664 | ) | 1,537 | 1,627 | 2,208 | 2,237 | |||||
Fixed Charges - Excluding Preferred Stock Dividends | 833 | 1,036 | 1,194 | 901 | 578 | |||||||
Total Earnings | $ | (1,831 | ) | 2,573 | 2,821 | 3,109 | 2,815 | |||||
Ratio of Earnings to Fixed Charges, Excluding Interest On Deposits | N/A | (a) | 2.48 | 2.36 | 3.45 | 4.86 | ||||||
Coverage Deficiency | $ | (2,731 | ) | — | — | — | — | |||||
Including Interest on Deposits | ||||||||||||
Fixed Charges: | ||||||||||||
Interest Expense | $ | 2,094 | 3,018 | 3,082 | 2,030 | 1,102 | ||||||
One-Third of Rents, Net of Income from Subleases | 28 | 24 | 22 | 19 | 15 | |||||||
Preferred Stock Dividends | 67 | 1 | 1 | 1 | 1 | |||||||
Total Fixed Charges | $ | 2,189 | 3,043 | 3,105 | 2,050 | 1,118 | ||||||
Earnings: | ||||||||||||
Income (Loss) Before Income Taxes and Cumulative Effect | $ | (2,664 | ) | 1,537 | 1,627 | 2,208 | 2,237 | |||||
Fixed Charges - Excluding Preferred Stock Dividends | 2,122 | 3,042 | 3,104 | 2,049 | 1,117 | |||||||
Total Earnings | $ | (542 | ) | 4,579 | 4,731 | 4,257 | 3,354 | |||||
Ratio of Earnings to Fixed Charges, Including Interest On Deposits | N/A | (a) | 1.50 | 1.52 | 2.08 | 3.00 | ||||||
Coverage Deficiency | $ | (2,731 | ) | — | — | — | — | |||||
(a) | Earnings are inadequate to cover fixed charges by $2.7 billion. |