Exhibit 12
REGIONS FINANCIAL CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
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<Caption>
(AMOUNTS IN THOUSANDS) DECEMBER 31,
2004 2003 2002 2001 2000
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NET INCOME $ 823,765 $ 651,841 $ 619,902 $ 508,934 $ 527,523
PROVISION FOR INCOME TAXES 351,817 259,731 249,338 209,017 214,203
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INCOME BEFORE INCOME TAXES $1,175,582 $ 911,572 $ 869,240 $ 717,951 $ 741,726
INTEREST ON NONDEPOSIT INTEREST
BEARING LIABILITIES 346,024 314,179 386,636 494,449 473,186
INTEREST PORTION OF RENT EXPENSE 21,349 14,453 14,319 12,164 6,414
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TOTAL INCOME FOR COMPUTATION EXCLUDING INTEREST
ON DEPOSITS 1,542,955 1,240,204 1,270,195 1,224,564 1,221,326
INTEREST ON DEPOSITS 496,627 430,353 652,765 1,135,695 1,372,260
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TOTAL INCOME FOR COMPUTATION INCLUDING
INTEREST ON DEPOSITS $2,039,582 $1,670,557 $1,922,960 $2,360,259 $2,593,586
FIXED CHARGES EXCLUDING INTEREST ON DEPOSITS $ 367,373 $ 328,632 $ 400,955 $ 506,613 $ 479,600
FIXED CHARGES INCLUDING INTEREST ON DEPOSITS $ 864,000 $ 758,985 $1,053,720 $1,642,308 $1,851,860
RATIO EXCLUDING INTEREST ON DEPOSITS 4.20x 3.77x 3.17x 2.42x 2.55x
RATIO INCLUDING INTEREST ON DEPOSITS 2.36x 2.20x 1.82x 1.44x 1.40x
COMPONENTS OF FIXED CHARGES:
INTEREST:
INTEREST ON DEPOSITS $ 496,627 $ 430,353 $ 652,765 $1,135,695 $1,372,260
INTEREST ON NONDEPOSIT INTEREST
BEARING LIABILITIES 346,024 314,179 386,636 494,449 473,186
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TOTAL INTEREST CHARGES $ 842,651 $ 744,532 $1,039,401 $1,630,144 $1,845,446
RENTAL EXPENSE $ 64,046 $ 43,360 $ 42,956 $ 36,492 $ 19,241
PORTION OF RENTAL EXPENSE DEEMED
REPRESENTATIVE OF INTEREST $ 21,349 $ 14,453 $ 14,319 $ 12,164 $ 6,414
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