EXHIBIT 12
Regions Financial Corporation
Computation of Ratio of Earnings to Fixed Charges
(from continuing operations)
(Unaudited)
Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||
2018 | 2017 | 2018 | 2017 | ||||||||||||
(Dollars in millions) | |||||||||||||||
Excluding Interest on Deposits | |||||||||||||||
Income from continuing operations before income taxes | $ | 455 | $ | 450 | $ | 1,464 | $ | 1,319 | |||||||
Fixed charges excluding preferred stock dividends | 105 | 68 | 285 | 197 | |||||||||||
Income for computation excluding interest on deposits | 560 | 518 | 1,749 | 1,516 | |||||||||||
Interest expense excluding interest on deposits | 92 | 55 | 244 | 157 | |||||||||||
One-third of rent expense | 13 | 13 | 41 | 40 | |||||||||||
Preferred stock dividends | 16 | 16 | 48 | 48 | |||||||||||
Fixed charges including preferred stock dividends | 121 | 84 | 333 | 245 | |||||||||||
Ratio of earnings to fixed charges, excluding interest on deposits | 4.61x | 6.13x | 5.25x | 6.18x | |||||||||||
Including Interest on Deposits | |||||||||||||||
Income from continuing operations before income taxes | $ | 455 | $ | 450 | $ | 1,464 | $ | 1,319 | |||||||
Fixed charges excluding preferred stock dividends | 169 | 110 | 455 | 311 | |||||||||||
Income for computation including interest on deposits | 624 | 560 | 1,919 | 1,630 | |||||||||||
Interest expense including interest on deposits | 156 | 97 | 414 | 271 | |||||||||||
One-third of rent expense | 13 | 13 | 41 | 40 | |||||||||||
Preferred stock dividends | 16 | 16 | 48 | 48 | |||||||||||
Fixed charges including preferred stock dividends | 185 | 126 | 503 | 359 | |||||||||||
Ratio of earnings to fixed charges, including interest on deposits | 3.36x | 4.43x | 3.81x | 4.54x |