Truist Financial (TFC) 10-Q 2011 Q1 Quarterly report

Exhibit 12

BB&T Corporation

Earnings To Fixed Charges

	For the Three Months Ended March 31,						For the Years Ended December 31,
	2011			2010			2010			2009			2008			2007			2006
	(Dollars in millions)
Earnings:
Income before income taxes	$	287		$	242		$	969		$	1,036		$	2,079		$	2,582		$	2,478
Plus:
Fixed charges		407			474			1,855			2,232			3,044			4,068			3,233
Less:
Dividends/accretion on preferred stock		—			—			—			124			21			—			—
Noncontrolling interest		9			6			38			24			10			12			5
Capitalized interest		—			—			—			—			2			4			2
Earnings, including interest on deposits		685			710			2,786			3,120			5,090			6,634			5,704
Less:
Interest on deposits		171			259			917			1,271			1,891			2,620			2,137
Earnings, excluding interest on deposits	$	514		$	451		$	1,869		$	1,849		$	3,199		$	4,014		$	3,567
Fixed charges:
Interest expense	$	391		$	465		$	1,795		$	2,040		$	2,969		$	4,014		$	3,185
Capitalized interest		—			—			—			—			2			4			2
Interest portion of rent expense		16			9			60			68			52			50			46
Dividends/accretion on preferred stock		—			—			—			124			21			—			—
Total fixed charges		407			474			1,855			2,232			3,044			4,068			3,233
Less:
Interest on deposits		171			259			917			1,271			1,891			2,620			2,137
Total fixed charges excluding interest on deposits	$	236		$	215		$	938		$	961		$	1,153		$	1,448		$	1,096
Earnings to fixed charges:
Including interest on deposits		1.68	x		1.50	x		1.50	x		1.40	x		1.67	x		1.63	x		1.76	x
Excluding interest on deposits		2.18	x		2.10	x		1.99	x		1.92	x		2.77	x		2.77	x		3.25	x