EX-12.B 28 y55935ex12-b.txt COMPUTATIONS OF CONSOLIDATED RATIOS OF EARNINGS Exhibit (12)(b) Fifth Third Bancorp Computations of Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Stock Dividend Requirements ($ In Millions)
Year Ended December 31, -------------------------------------------------------------------------------------------------------- Excluding Interest on Deposits: 2001 2000 1999 1998 1997 -------------------------------------------------------------------------------------------------------- Fixed Charges: Interest Expense (excluding interest on deposits) $ 724 874 616 557 495 One-Third of Rents 14 14 12 9 8 Preferred Stock Dividends 1 1 1 1 1 ------------------------------------------- Total Fixed Charges 739 889 629 567 504 =========================================== Earnings: Income Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change 1,653 1,680 1,455 1,231 1,172 Fixed Charges - Excluding Preferred Stock Dividends 738 888 628 566 503 ------------------------------------------- Total Earnings $2,391 2,568 2,083 1,797 1,675 =========================================== Ratio of Earnings to Fixed Charges, Excluding Interest On Deposits 3.24 x 2.89 3.31 3.17 3.33 =========================================== Including Interest on Deposits: ------------------------------- Fixed Charges: Interest Expense $2,276 2,692 2,022 2,042 2,026 One-Third of Rents 14 14 12 9 8 Preferred Stock Dividends 1 1 1 1 1 ------------------------------------------- Total Fixed Charges 2,291 2,707 2,035 2,052 2,035 =========================================== Earnings: Income Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change 1,653 1,680 1,455 1,231 1,172 Fixed Charges - Excluding Preferred Stock Dividends 2,290 2,706 2,034 2,051 2,034 ------------------------------------------- Total Earnings $3,943 4,386 3,489 3,282 3,206 =========================================== Ratio of Earnings to Fixed Charges, Including Interest On Deposits 1.72 x 1.62 1.71 1.60 1.58 ===========================================