EX-12.2 5 exhibit122fixedchargesandp.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS EXHIBIT 12.2 Fixed Charges and Preferred Dividends (2)

Wintrust Financial Corporation
Form 10-K, Exhibit 12.2

Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

The following table presents the calculation of the ratio of earnings to fixed charges and preferred stock dividends for the last five years.

(Dollars in thousands)
 
Years ended December 31,
 
 
2014
2013
2012
2011
2010
Income before income taxes
A
$
246,431

$
224,440

$
180,132

$
128,033

$
100,807

 
 
 
 
 
 
 
Interest expense:
 
 
 
 
 
 
Interest on deposits
 
$
48,411

$
53,191

$
68,305

$
87,938

$
123,779

Interest on other borrowings
C
24,281

26,891

39,200

56,478

53,492

Total interest expense
B
$
72,692

$
80,082

$
107,505

$
144,416

$
177,271



 
 
 
 
 
 
Dividends on preferred shares (1)
D
$
10,498

$
13,822

$
14,836

$
6,592

$
44,810

 
 
 
 
 
 
 
Ratio of earnings to fixed charges and preferred stock dividends:
 
 
 
 
 
 
Including deposit interest
(A+B) / (B+D)
3.84x

3.24x

2.35x

1.80x

1.25x

Excluding deposit interest
(A+C) / (C+D)
7.78x

6.17x

4.06x

2.93x

1.57x


(1) The dividends on preferred shares were increased to amounts representing the pre-tax earnings that would be required to cover such dividend requirements.