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 | Nine Months Ended | ||||||
Excluding Interest on Deposits: | 9/30/2009 | 9/30/2009 | |||||
Fixed Charges: | |||||||
Interest Expense (excluding interest on deposits) | $ | 72 | $ | 290 | |||
One-Third of Rents, Net of Income from Subleases | 7 | 22 | |||||
Preferred Stock Dividends | 51 | 134 | |||||
Total Fixed Charges | 130 | 446 | |||||
Earnings: | |||||||
Income (Loss) Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change | $ | (108 | ) | $ | 981 | ||
Fixed Charges – Excluding Preferred Stock Dividends | 79 | 312 | |||||
Total Earnings | (29 | ) | 1,293 | ||||
Ratio of Earnings to Fixed Charges, Excluding Interest On Deposits | N/A | (a) | 2.90x | ||||
Coverage Deficiency | $ | (159 | ) | ||||
Including Interest on Deposits: | |||||||
Fixed Charges: | |||||||
Interest Expense | $ | 300 | $ | 1,049 | |||
One-Third of Rents, Net of Income from Subleases | 7 | 22 | |||||
Preferred Stock Dividends | 51 | 134 | |||||
Total Fixed Charges | $ | 358 | $ | 1,205 | |||
Earnings: | |||||||
Income (Loss) Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change | $ | (108 | ) | $ | 981 | ||
Fixed Charges – Excluding Preferred Stock Dividends | 307 | 1,071 | |||||
Total Earnings | $ | 199 | $ | 2,052 | |||
Ratio of Earnings to Fixed Charges, Including Interest On Deposits | N/A | (a) | 1.70x | ||||
Coverage Deficiency | $ | (159 | ) | ||||
(a) | Earnings are inadequate to cover fixed charges by $159 million. |