EXHIBIT 12.2
The PNC Financial Services Group, Inc. and Subsidiaries
Computation of Ratio of Earnings
to Fixed Charges and Preferred Stock Dividends
Three Months March 31, 2007 | Year Ended December 31 | |||||||||||||||||||||||
Dollars in millions | 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Pretax income from continuing operations before adjustments for minority interest (1) | $ | 643 | $ | 3,930 | $ | 1,942 | $ | 1,735 | $ | 1,568 | $ | 1,821 | ||||||||||||
Less: | ||||||||||||||||||||||||
Income or loss from equity method investees | 63 | 50 | ||||||||||||||||||||||
Add: | ||||||||||||||||||||||||
Distributed income of equity method investees | 29 | 20 | ||||||||||||||||||||||
Fixed charges and preferred stock dividends excluding interest on deposits | 240 | 842 | 663 | 358 | 347 | 433 | ||||||||||||||||||
Subtotal | 849 | 4,742 | 2,605 | 2,093 | 1,915 | 2,254 | ||||||||||||||||||
Interest on deposits | 468 | 1,590 | 981 | 484 | 457 | 659 | ||||||||||||||||||
Total | $ | 1,317 | $ | 6,332 | $ | 3,586 | $ | 2,577 | $ | 2,372 | $ | 2,913 | ||||||||||||
Fixed charges | ||||||||||||||||||||||||
Interest on borrowed funds | $ | 224 | $ | 777 | $ | 599 | $ | 298 | $ | 258 | $ | 315 | ||||||||||||
Interest component of rentals | 16 | 64 | 63 | 58 | 59 | 58 | ||||||||||||||||||
Amortization of notes and debentures | 1 | 1 | 1 | |||||||||||||||||||||
Distributions on mandatorily redeemable capital securities of subsidiary trusts | 28 | 58 | ||||||||||||||||||||||
Preferred stock dividend requirements | 1 | 1 | 1 | 1 | 1 | |||||||||||||||||||
Subtotal | 240 | 842 | 663 | 358 | 347 | 433 | ||||||||||||||||||
Interest on deposits | 468 | 1,590 | 981 | 484 | 457 | 659 | ||||||||||||||||||
Total | $ | 708 | $ | 2,432 | $ | 1,644 | $ | 842 | $ | 804 | $ | 1,092 | ||||||||||||
Ratio of earnings to fixed charges and preferred stock dividends | ||||||||||||||||||||||||
Excluding interest on deposits | 3.54 | x | 5.63 | x | 3.93 | x | 5.85 | x | 5.52 | x | 5.21 | x | ||||||||||||
Including interest on deposits | 1.86 | 2.60 | 2.18 | 3.06 | 2.95 | 2.67 |
(1) | As defined in Item 503(d) of Regulation S-K. |