Exhibit 12
BB&T Corporation
Earnings To Fixed Charges
(Dollars in thousands)
For the Years Ended December 31, | ||||||||||||||||||||
2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before income taxes | $ | 2,466,731 | $ | 2,322,362 | $ | 1,617,030 | $ | 1,790,697 | $ | 1,360,428 | ||||||||||
Plus: | ||||||||||||||||||||
Fixed charges | 2,029,160 | 1,232,111 | 1,306,218 | 1,713,021 | 2,438,401 | |||||||||||||||
Less: | ||||||||||||||||||||
Capitalized interest | 957 | 638 | 514 | 504 | 798 | |||||||||||||||
Earnings, including interest on deposits | 4,494,934 | 3,553,835 | 2,922,734 | 3,503,214 | 3,798,031 | |||||||||||||||
Less: | ||||||||||||||||||||
Interest on deposits | 1,251,834 | 729,660 | 755,677 | 1,003,058 | 1,566,269 | |||||||||||||||
Earnings, excluding interest on deposits | $ | 3,243,100 | $ | 2,824,175 | $ | 2,167,057 | $ | 2,500,156 | $ | 2,231,762 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense | $ | 1,980,969 | $ | 1,198,472 | $ | 1,272,787 | $ | 1,686,584 | $ | 2,414,936 | ||||||||||
Capitalized interest | 957 | 638 | 514 | 504 | 798 | |||||||||||||||
Interest portion of rent expense | 47,234 | 33,001 | 32,917 | 25,933 | 22,667 | |||||||||||||||
Total Fixed Charges | $ | 2,029,160 | $ | 1,232,111 | $ | 1,306,218 | $ | 1,713,021 | $ | 2,438,401 | ||||||||||
Less: | ||||||||||||||||||||
Interest on deposits | 1,251,834 | 729,660 | 755,677 | 1,003,058 | 1,566,269 | |||||||||||||||
Total fixed charges excluding interest on deposits | $ | 777,326 | $ | 502,451 | $ | 550,541 | $ | 709,963 | $ | 872,132 | ||||||||||
Earnings to fixed charges: | ||||||||||||||||||||
Including interest on deposits | 2.22 | x | 2.88 | x | 2.24 | x | 2.05 | x | 1.56 | x | ||||||||||
Excluding interest on deposits | 4.17 | x | 5.62 | x | 3.94 | x | 3.52 | x | 2.56 | x | ||||||||||