- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
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 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings | ||||||||||||||||||||
Pretax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees | $ | 4,642 | $ | 4,860 | $ | 4,993 | $ | 5,148 | $ | 3,594 | ||||||||||
Add: | ||||||||||||||||||||
Distributed income of equity investees | 324 | 310 | 275 | 242 | 216 | |||||||||||||||
Fixed charges excluding interest on deposits | 978 | 796 | 734 | 664 | 853 | |||||||||||||||
Less: | ||||||||||||||||||||
Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges | 84 | 93 | 96 | 112 | 137 | |||||||||||||||
Interest capitalized | 1 | 1 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Earnings excluding interest on deposits | 5,860 | 5,872 | 5,905 | 5,942 | 4,526 | |||||||||||||||
Interest on deposits | 430 | 403 | 325 | 344 | 386 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total earnings | $ | 6,290 | $ | 6,275 | 6,230 | 6,286 | 4,912 | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fixed charges | ||||||||||||||||||||
Interest on borrowed funds | $ | 830 | $ | 640 | $ | 581 | $ | 516 | $ | 696 | ||||||||||
Interest component of rentals | 147 | 153 | 152 | 148 | 145 | |||||||||||||||
Amortization of notes and debentures | 1 | 2 | 12 | |||||||||||||||||
Interest capitalized | 1 | 1 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fixed charges excluding interest on deposits | 978 | 796 | 734 | 664 | 853 | |||||||||||||||
Interest on deposits | 430 | 403 | 325 | 344 | 386 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total fixed charges | $ | 1,408 | $ | 1,199 | $ | 1,059 | $ | 1,008 | $ | 1,239 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio of earnings to fixed charges | ||||||||||||||||||||
Excluding interest on deposits | 5.99 | x | 7.38 | x | 8.04 | x | 8.95 | x | 5.31 | x | ||||||||||
Including interest on deposits | 4.47 | x | 5.23 | x | 5.88 | x | 6.24 | x | 3.96 | x |
(1) | As defined in Item 503(d) of RegulationS-K. |