Exhibit 12.2
Fifth Third Bancorp
Computations of Consolidated Ratios Of Earnings To Combined Fixed Charges and Preferred Stock Dividend Requirements
($ In Millions)
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Excluding Interest on Deposits: | ||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest Expense (excluding interest on deposits) | $ | 293 | 361 | 805 | 1,012 | 1,172 | ||||||||||||||
One-Third of Rents, Net of Income from Subleases | 26 | 29 | 28 | 24 | 22 | |||||||||||||||
Preferred Stock Dividends | 250 | 226 | 67 | 1 | 1 | |||||||||||||||
Total Fixed Charges | $ | 569 | 616 | 900 | 1,037 | 1,195 | ||||||||||||||
Earnings: | ||||||||||||||||||||
Income (Loss) Before Income Taxes & Cumulative Effect | $ | 940 | 767 | (2,664 | ) | 1,537 | 1,627 | |||||||||||||
Fixed Charges - Excluding Preferred Stock Dividends | 319 | 390 | 833 | 1,036 | 1,194 | |||||||||||||||
Total Earnings | $ | 1,259 | 1,157 | (1,831 | ) | 2,573 | 2,821 | |||||||||||||
Ratio of Earnings to Fixed Charges, Excluding Interest On Deposits | 2.21x | 1.88x | N/A | (a) | 2.48 | 2.36 | ||||||||||||||
Coverage Deficiency | — | — | (2,731 | ) | — | — | ||||||||||||||
Including Interest on Deposits: | ||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest Expense | $ | 885 | 1,314 | 2,094 | 3,018 | 3,082 | ||||||||||||||
One-Third of Rents, Net of Income from Subleases | 26 | 29 | 28 | 24 | 22 | |||||||||||||||
Preferred Stock Dividends | 250 | 226 | 67 | 1 | 1 | |||||||||||||||
Total Fixed Charges | $ | 1,161 | 1,569 | 2,189 | 3,043 | 3,105 | ||||||||||||||
Earnings: | ||||||||||||||||||||
Income (Loss) Before Income Taxes & Cumulative Effect | $ | 940 | 767 | (2,664 | ) | 1,537 | 1,627 | |||||||||||||
Fixed Charges - Excluding Preferred Stock Dividends | 911 | 1,343 | 2,122 | 3,042 | 3,104 | |||||||||||||||
Total Earnings | $ | 1,851 | 2,110 | (542 | ) | 4,579 | 4,731 | |||||||||||||
Ratio of Earnings to Fixed Charges, Including Interest On Deposits | 1.59x | 1.34x | N/A | (a) | 1.50 | 1.52 | ||||||||||||||
Coverage Deficiency | — | — | (2,731 | ) | — | — | ||||||||||||||
(a) | Earnings were inadequate to cover fixed charges by $2.7 billion |