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 | Three Months Ended March 31, 2017 | 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 | $ | 1,225 | $ | 4,642 | $ | 4,860 | $ | 4,993 | $ | 5,148 | $ | 3,594 | ||||||||||||
Add: | ||||||||||||||||||||||||
Distributed income of equity investees | 88 | 324 | 310 | 275 | 242 | 216 | ||||||||||||||||||
Fixed charges and preferred stock dividends excluding interest on deposits | 374 | 1,300 | 1,134 | 1,091 | 1,028 | 1,125 | ||||||||||||||||||
Less: | ||||||||||||||||||||||||
Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges | 18 | 84 | 93 | 96 | 112 | 137 | ||||||||||||||||||
Interest capitalized | 1 | 1 | ||||||||||||||||||||||
Preferred stock dividend requirements | 97 | 322 | 338 | 357 | 364 | 272 | ||||||||||||||||||
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Earnings excluding interest on deposits | 1,572 | 5,860 | 5,872 | 5,905 | 5,942 | 4,526 | ||||||||||||||||||
Interest on deposits | 120 | 430 | 403 | 325 | 344 | 386 | ||||||||||||||||||
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Total earnings | $ | 1,692 | $ | 6,290 | $ | 6,275 | $ | 6,230 | $ | 6,286 | $ | 4,912 | ||||||||||||
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Fixed charges and preferred stock dividends | ||||||||||||||||||||||||
Interest on borrowed funds | $ | 240 | $ | 830 | $ | 640 | $ | 581 | $ | 516 | $ | 696 | ||||||||||||
Interest component of rentals | 37 | 147 | 153 | 152 | 148 | 145 | ||||||||||||||||||
Amortization of notes and debentures | 1 | 2 | 12 | |||||||||||||||||||||
Interest capitalized | 1 | 1 | ||||||||||||||||||||||
Preferred stock dividend requirements | 97 | 322 | 338 | 357 | 364 | 272 | ||||||||||||||||||
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Fixed charges and preferred stock dividends excluding interest on deposits | 374 | 1,300 | 1,134 | 1,091 | 1,028 | 1,125 | ||||||||||||||||||
Interest on deposits | 120 | 430 | 403 | 325 | 344 | 386 | ||||||||||||||||||
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Total fixed charges and preferred stock dividends | $ | 494 | $ | 1,730 | $ | 1,537 | $ | 1,416 | $ | 1,372 | $ | 1,511 | ||||||||||||
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Ratio of earnings to fixed charges and preferred stock dividends | ||||||||||||||||||||||||
Excluding interest on deposits | 4.20x | 4.51x | 5.18x | 5.41x | 5.78x | 4.02x | ||||||||||||||||||
Including interest on deposits | 3.43 | 3.64 | 4.08 | 4.40 | 4.58 | 3.25 | ||||||||||||||||||
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(1) | As defined in Item 503(d) of RegulationS-K. |