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- 10-K Annual report
- 3.1 Amended and Restated Articles of Incorporation
- 4.16 Second Supplemental Indenture Dated As of 12/31/2008
- 10.2 PNC Financial Supplemental Executive Retirement Plan
- 10.4 PNC Financial Erisa Excess Pension Plan
- 10.6 PNC Financial Key Executive Equity Program
- 10.12 Second Amendment to the Corporation and Affiliates Deferred Comp. Plan
- 10.33 2008 Forms of Employee Performance Units Agreement
- 10.39 Form of Time Sharing Agreements Between the Corporation and Certain Executives
- 12.1 Computation of Ratio of Earnings to Fixed Charges
- 12.2 Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends
- 21 Subsidiaries of the Registrant
- 23.1 Consent of Pricewaterhousecoopers LLP
- 23.2 Consent of Deloitte & Touche LLP for PNC Financial
- 23.3 Consent of Deloitte & Touche LLP for Black Rock
- 24 Power of Attorney
- 31.1 Section 302 Certification for the CEO
- 31.2 Section 302 Certification for the CFO
- 32.1 Section 906 Certification for the CEO
- 32.2 Section 906 Certification for the CFO
Exhibit 12.1
The PNC Financial Services Group, Inc. and Subsidiaries
Computation of Ratio of Earnings
to Fixed Charges (1)
Year Ended December 31 | ||||||||||||||||||||
Dollars in millions | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||
Earnings | ||||||||||||||||||||
Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | $ | 1,063 | $ | 1,806 | $ | 3,913 | $ | 1,962 | $ | 1,745 | ||||||||||
Add: | ||||||||||||||||||||
Distributed income of equity investees | 157 | 124 | 20 | |||||||||||||||||
Fixed charges excluding interest on deposits | 1,076 | 1,267 | 841 | 662 | 357 | |||||||||||||||
Less: | ||||||||||||||||||||
Minority interest in pretax income of subsidiaries that have not incurred fixed charges | 122 | 101 | 33 | 20 | 10 | |||||||||||||||
Earnings excluding interest on deposits | 2,174 | 3,096 | 4,741 | 2,604 | 2,092 | |||||||||||||||
Interest on deposits | 1,485 | 2,053 | 1,590 | 981 | 484 | |||||||||||||||
Total earnings | $ | 3,659 | $ | 5,149 | $ | 6,331 | $ | 3,585 | $ | 2,576 | ||||||||||
Fixed charges | ||||||||||||||||||||
Interest on borrowed funds | $ | 1,004 | $ | 1,197 | $ | 777 | $ | 599 | $ | 298 | ||||||||||
Interest component of rentals | 71 | 69 | 64 | 63 | 58 | |||||||||||||||
Amortization of notes and debentures | 1 | 1 | 1 | |||||||||||||||||
Distributions on mandatorily redeemable capital securities of subsidiary trusts | ||||||||||||||||||||
Fixed charges excluding interest on deposits | 1,076 | 1,267 | 841 | 662 | 357 | |||||||||||||||
Interest on deposits | 1,485 | 2,053 | 1,590 | 981 | 484 | |||||||||||||||
Total fixed charges | $ | 2,561 | $ | 3,320 | $ | 2,431 | $ | 1,643 | $ | 841 | ||||||||||
Ratio of earnings to fixed charges | ||||||||||||||||||||
Excluding interest on deposits | 2.02 | x | 2.44 | x | 5.64 | x | 3.93 | x | 5.86 | x | ||||||||||
Including interest on deposits | 1.43 | 1.55 | 2.60 | 2.18 | 3.06 |
(1) | As defined in Item 503(d) of Regulation S-K. |