Susquehanna Bancshares (SUSQ) 8-K Computation of Ratio of Earnings to Fixed Charges

Exhibit 99.1

Computation of Ratio of Earnings to Fixed Charges

and Preferred Stock Dividend Requirements

(in thousands, except ratios)

	Six months
	ended		Year Ended December 31,
	June 30, 2012		2011		2010		2009		2008		2007
Excluding interest on deposits
Income before income taxes	$	89,288	$	45,638	$	33,004	$	2,043	$	109,579	$	97,763
Fixed charges:
Interest expense		27,900		84,840		83,226		74,713		92,822		59,731
Interest within rental expense		3,614		5,512		4,950		4,807		4,302		3,225
Total fixed charges		31,514		90,352		88,176		79,520		97,124		62,956
Total earnings and fixed charges	$	120,802	$	135,990	$	121,180	$	81,563	$	206,703	$	160,719
Total fixed charges, as above	$	31,514	$	90,352	$	88,176	$	79,520	$	97,124	$	62,956
Ratio of earnings to fixed charges		3.83		1.51		1.37		1.03		2.13		2.55
Including interest on deposits
Total earnings and fixed charges, as above	$	120,802	$	135,990	$	121,180	$	81,563	$	206,703	$	160,719
Add: Interest on deposits		35,103		76,778		103,963		160,295		205,946		190,523
Total earnings, fixed charges and interest on deposits	$	155,905	$	212,768	$	225,143	$	241,858	$	412,649	$	351,242
Fixed charges, as above	$	31,514	$	90,352	$	88,176	$	79,520	$	97,124	$	62,956
Add: Interest on deposits		35,103		76,778		103,963		160,295		205,946		190,523
Total fixed charges including interest on deposits	$	66,617	$	167,130	$	192,139	$	239,815	$	303,070	$	253,479
Ratio of earnings to fixed charges		2.34		1.27		1.17		1.01		1.36		1.39

Computation of Ratio of Earnings to Fixed Charges

and Preferred Stock Dividend Requirements

(in thousands, except ratios)

	Six months ended June 30, 2012			Year ended December 31, 2011
Excluding interest on deposits
Income before income taxes	$	89,288		$	45,638
Fixed charges:
Interest expense		27,900			84,840
Interest within rental expense		3,614			5,512
Total fixed charges		31,514			90,352
Total earnings and fixed charges		120,802			135,990
Adjustment:
Reduction of interest expense resulting from debt offering and use of proceeds therefrom		(4,848	)		(9,085	)
Total earnings, fixed charges, and adjustments	$	115,954		$	126,905
Fixed charges, as above	$	31,514		$	90,352
Adjustment, as above		(4,848	)		(9,085	)
Total Fixed charges and adjustment	$	26,666		$	81,267
Ratio of earnings to fixed charges		4.53			1.67