Regions Bank 2009 Annual Report Download - page 211
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EXHIBIT 12
Regions Financial Corporation
Computation of Ratio of Earnings to Fixed Charges
(from continuing operations)
(Unaudited)
December 31
2009(1) 2008(1) 2007(1) 2006 2005
(Amounts in thousands)
Excluding Interest on Deposits
Income (loss) from continuing operations before income
taxes .............................................. $(1,202) $(5,933) $2,039 $1,992 $1,359
Fixed charges excluding preferred stock dividends ........... 791 1,061 1,077 696 515
Income (loss) for computation excluding interest on deposits . . . (411) (4,872) 3,116 2,688 1,874
Interest expense excluding interest on deposits ............... 720 996 1,012 661 485
One-third of rent expense ............................... 71 65 65 35 30
Preferred stock dividends ............................... 230 26 — — —
Fixed charges including preferred stock dividends ............ 1,021 1,087 1,077 696 515
Ratio of earnings to fixed charges, excluding interest on
deposits ........................................... (0.40) (4.48) 2.89 3.86 3.64
Including Interest on Deposits
Income (loss) from continuing operations before income
taxes .............................................. $(1,202) $(5,933) $2,039 $1,992 $1,359
Fixed charges excluding preferred stock dividends ........... 2,068 2,785 3,741 2,376 1,519
Income (loss) for computation including interest on deposits . . . 866 (3,148) 5,780 4,368 2,878
Interest expense including interest on deposits ............... 1,997 2,720 3,676 2,341 1,490
One-third of rent expense ............................... 71 65 65 35 30
Preferred stock dividends ............................... 230 26 — — —
Fixed charges including preferred stock dividends ............ 2,298 2,811 3,741 2,376 1,520
Ratio of earnings to fixed charges, including interest on
deposits ........................................... 0.38 (1.12) 1.54 1.84 1.89
(1) For purposes of this computation, the recognized interest related to uncertain tax positions for the years
ended December 31, 2009, 2008, and 2007 of approximately $5 million, $31 million, and $82 million,
respectively, was excluded.