Truist Financial (TFC) 10-Q 2012 Q3 Quarterly report

Exhibit 12
BB&T Corporation
Earnings To Fixed Charges
			Nine Months
			Ended September 30,				Years Ended December 31,
			2012		2011		2011		2010		2009		2008		2007
				(Dollars in millions)
Earnings:
Income before income taxes			$	2,036	$	1,144	$	1,628	$	969	$	1,036	$	2,079	$	2,582
Plus:
	Fixed charges			907		1,108		1,442		1,855		2,254		3,052		4,068
Less:
	Dividends/accretion on preferred stock (1)			45		―		―		―		146		29		―
	Noncontrolling interest			36		34		43		38		24		10		12
	Capitalized interest			―		―		―		―		―		2		4
Earnings, including interest on deposits				2,862		2,218		3,027		2,786		3,120		5,090		6,634
Less:
	Interest on deposits			333		473		610		917		1,271		1,891		2,620
Earnings, excluding interest on deposits			$	2,529	$	1,745	$	2,417	$	1,869	$	1,849	$	3,199	$	4,014
Fixed charges:
	Interest expense		$	810	$	1,061	$	1,378	$	1,795	$	2,040	$	2,969	$	4,014
	Capitalized interest			―		―		―		―		―		2		4
	Interest portion of rent expense			52		47		64		60		68		52		50
	Dividends/accretion on preferred stock (1)			45		―		―		―		146		29		―
		Total fixed charges		907		1,108		1,442		1,855		2,254		3,052		4,068
Less:
	Interest on deposits			333		473		610		917		1,271		1,891		2,620
	Total fixed charges excluding interest on
		deposits	$	574	$	635	$	832	$	938	$	983	$	1,161	$	1,448
Earnings to fixed charges:
	Including interest on deposits			3.16x		2.00x		2.10x		1.50x		1.38x		1.67x		1.63x
	Excluding interest on deposits			4.41x		2.75x		2.91x		1.99x		1.88x		2.76x		2.77x
(1)	Dividends on preferred stock have been grossed up by the effective tax rate for the period.