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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 12.2
The PNC Financial Services Group, Inc. and Subsidiaries
Computation of Ratio of Earnings
to Fixed Charges and Preferred Stock Dividends (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 and preferred stock dividends excluding interest on deposits | 1,109 | 1,268 | 842 | 663 | 358 | |||||||||||||||
Less: | ||||||||||||||||||||
Minority interest in pretax income of subsidiaries that have not incurred fixed charges | 122 | 101 | 33 | 20 | 10 | |||||||||||||||
Preferred stock dividend requirements | 33 | 1 | 1 | 1 | 1 | |||||||||||||||
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 and preferred stock dividends | ||||||||||||||||||||
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 | ||||||||||||||||||||
Preferred stock dividend requirements | 33 | 1 | 1 | 1 | 1 | |||||||||||||||
Fixed charges and preferred stock dividends excluding interest on deposits | 1,109 | 1,268 | 842 | 663 | 358 | |||||||||||||||
Interest on deposits | 1,485 | 2,053 | 1,590 | 981 | 484 | |||||||||||||||
Total fixed charges and preferred stock dividends | $ | 2,594 | $ | 3,321 | $ | 2,432 | $ | 1,644 | $ | 842 | ||||||||||
Ratio of earnings to fixed charges and preferred stock dividends | ||||||||||||||||||||
Excluding interest on deposits | 1.96 | x | 2.44 | x | 5.63 | x | 3.93 | x | 5.84 | x | ||||||||||
Including interest on deposits | 1.41 | 1.55 | 2.60 | 2.18 | 3.06 |
(1) | As defined in Item 503(d) of Regulation S-K. |