EXHIBIT 12

Regions Financial Corporation

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

	March 31
	2009		2008
	(Amounts in millions)
Excluding Interest on Deposits
Income before income taxes	$	392	$	495
Fixed charges excluding preferred stock dividends		221		277
Income for computation excluding interest on deposits		613		772
Interest expense excluding interest on deposits		204		262
One-third of rent expense		17		15
Preferred stock dividends		51		—
Fixed charges including preferred stock dividends		272		277
Ratio of earnings to fixed charges, excluding interest on deposits		2.25		2.78
Including Interest on Deposits
Income before income taxes	$	392	$	495
Fixed charges excluding preferred stock dividends		587		780
Income for computation including interest on deposits		979		1,275
Interest expense including interest on deposits		570		765
One-third of rent expense		17		15
Preferred stock dividends		51		—
Fixed charges including preferred stock dividends		638		780
Ratio of earnings to fixed charges, including interest on deposits		1.53		1.63

(1) For purposes of this computation, the recognized interest related to uncertain tax positions for the three months ended March 31, 2009 and 2008 of approximately $0 and $2 million, respectively, was excluded.