Fifth Third Bancorp (FITB) 10-K 2010 FY Annual report

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