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Content analysis
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- 10-Q Quarterly report
- 12.1 Computations of Consolidated Ratios of Earnings to Fixed Charges
- 12.2 Computations of Consolidated Ratios of Earnings to Combined Fixed Charges
- 31 Section 302 CEO Certification
- 31 Section 302 CFO Certification
- 32 Section 906 CEO Certification
- 32 Section 906 CFO Certification
Exhibit 12.2
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, 2009 | ||||
Excluding Interest on Deposits: | ||||
Fixed Charges: | ||||
Interest Expense (excluding interest on deposits) | $ | 128 | ||
One-Third of Rents, Net of Income from Subleases | 8 | |||
Preferred Stock Dividends | 66 | |||
Total Fixed Charges | $ | 202 | ||
Earnings: | ||||
Loss Before Income Taxes | ($262 | ) | ||
Fixed Charges - Excluding Preferred Stock Dividends | 136 | |||
Total Earnings | ($126 | ) | ||
Ratio of Earnings to Fixed Charges, Excluding | ||||
Interest On Deposits | N/A | (a) | ||
Coverage Deficiency | ($262 | ) | ||
Including Interest on Deposits: | ||||
Fixed Charges: | ||||
Interest Expense | $ | 402 | ||
One-Third of Rents, Net of Income from Subleases | 8 | |||
Preferred Stock Dividends | 66 | |||
Total Fixed Charges | $ | 476 | ||
Earnings: | ||||
Loss Before Income Taxes | ($262 | ) | ||
Fixed Charges - Excluding Preferred Stock Dividends | 410 | |||
Total Earnings | $ | 148 | ||
Ratio of Earnings to Fixed Charges, Including | ||||
Interest On Deposits | 0.31x | (a) | ||
(a) | Earnings are inadequate to cover fixed charges by $262 million. |