Fifth Third Bancorp (FITB) 10-K 2011 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)

	Year Ended December 31,
	2011		2010		2009		2008			2007
Excluding Interest on Deposits:
Fixed Charges:
Interest Expense (excluding interest on deposits)	$	309		293		361		805			1,012
One-Third of Rents, Net of Income from Subleases		27		26		29		28			24
Preferred Stock Dividends		203		250		226		67			1
Total Fixed Charges	$	539		569		616		900			1,037
Earnings:
Income (Loss) Before Income Taxes	$	1,831		940		767		(2,664	)		1,537
Fixed Charges—Excluding Preferred Stock Dividends		336		319		390		833			1,036
Total Earnings	$	2,167		1,259		1,157		(1,831	)		2,573
Ratio of Earnings to Fixed Charges, Excluding Interest On Deposits		4.02x		2.21x		1.88x		N/A	(a)		2.48x
Coverage Deficiency		—		—		—		(2,731	)		—
Including Interest on Deposits:
Fixed Charges:
Interest Expense	$	661		885		1,314		2,094			3,018
One-Third of Rents, Net of Income from Subleases		27		26		29		28			24
Preferred Stock Dividends		203		250		226		67			1
Total Fixed Charges	$	891		1,161		1,569		2,189			3,043
Earnings:
Income (Loss) Before Income Taxes	$	1,831		940		767		(2,664	)		1,537
Fixed Charges—Excluding Preferred Stock Dividends		688		911		1,343		2,122			3,042
Total Earnings	$	2,519		1,851		2,110		(542	)		4,579
Ratio of Earnings to Fixed Charges, Including Interest On Deposits		2.83x		1.59x		1.34x		N/A	(a)		1.50x
Coverage Deficiency		—		—		—		(2,731	)		—

(a) Earnings were inadequate to cover fixed charges by $2.7 billion