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- 10-K Annual report
- 10.5 Amendment to the Corporation's Erisa Excess Pension Plan
- 10.15 Second Amendment to PNC Financial's Supplemental Incentive Savings Plan
- 10.20 Amendment 2010-1 to the Corporation and Affiliates Deferred Compensation Plan
- 10.56 Amendment to the National City Corporation 2004 Deferred Compensation Plan
- 12.1 Computation of Ratio of Earnings to Fixed Charges
- 12.2 Computation of Ratio of Earnings to Fixed Charges & Preferred Stock Dividends
- 21 Schedule of Certain Subsidiaries of the Corporation
- 23.1 Consent of Pricewaterhousecoopers LLP
- 23.2 Consent of Deloitte & Touche LLP - Accounting Firm of Blackrock Inc.
- 24 Powers of Attorney
- 31.1 Section 302 CEO Certification
- 31.2 Section 302 CFO Certification
- 32.1 Section 906 CEO Certification
- 32.2 Section 906 CFO Certification
- 99.2 Audited Consolidated Financial Statements of Blackrock, Inc.
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 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
Earnings | ||||||||||||||||||||
Pretax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees | $ | 3,680 | $ | 3,135 | $ | 946 | $ | 1,612 | $ | 3,737 | ||||||||||
Add: | ||||||||||||||||||||
Distributed income of equity investees | 167 | 171 | 157 | 124 | 20 | |||||||||||||||
Fixed charges excluding interest on deposits | 1,092 | 1,396 | 1,026 | 1,208 | 778 | |||||||||||||||
Less: | ||||||||||||||||||||
Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges | 148 | 126 | 122 | 101 | 33 | |||||||||||||||
Interest capitalized | 1 | 3 | ||||||||||||||||||
Earnings excluding interest on deposits | 4,790 | 4,573 | 2,007 | 2,843 | 4,502 | |||||||||||||||
Interest on deposits | 963 | 1,741 | 1,485 | 2,053 | 1,590 | |||||||||||||||
Total earnings | $ | 5,753 | $ | 6,314 | $ | 3,492 | $ | 4,896 | $ | 6,092 | ||||||||||
Fixed charges | ||||||||||||||||||||
Interest on borrowed funds | $ | 918 | $ | 1,225 | $ | 961 | $ | 1,143 | $ | 719 | ||||||||||
Interest component of rentals | 134 | 131 | 64 | 64 | 59 | |||||||||||||||
Amortization of notes and debentures | 39 | 37 | 1 | 1 | ||||||||||||||||
Interest capitalized | 1 | 3 | ||||||||||||||||||
Fixed charges excluding interest on deposits | 1,092 | 1,396 | 1,026 | 1,208 | 778 | |||||||||||||||
Interest on deposits | 963 | 1,741 | 1,485 | 2,053 | 1,590 | |||||||||||||||
Total fixed charges | $ | 2,055 | $ | 3,137 | $ | 2,511 | $ | 3,261 | $ | 2,368 | ||||||||||
Ratio of earnings to fixed charges | ||||||||||||||||||||
Excluding interest on deposits | 4.39 | x | 3.28 | x | 1.96 | x | 2.35 | x | 5.79 | x | ||||||||||
Including interest on deposits | 2.80 | 2.01 | 1.39 | 1.50 | 2.57 |
(1) | As defined in Item 503(d) of Regulation S-K. |