EX-12.A 3 dex12a.txt COMPUTATIONS OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES Exhibit 12(a) Fifth Third Bancorp Computations of Consolidated Ratios Of Earnings To Fixed Charges ($ In Millions)
Year Ended December 31, --------------------------------------------------------------------------------------------------------------------------- Excluding Interest on Deposits: 2002 2001 2000 1999 1998 --------------------------------------------------------------------------------------------------------------------------- Fixed Charges: Interest Expense (excluding interest on deposits) $ 501 724 874 616 557 One-Third of Rents, Net of Income from Subleases 11 14 14 12 9 ---------------------------------------------------------------- Total Fixed Charges 512 738 888 628 566 ================================================================ Earnings: Income Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change 2,432 1,653 1,680 1,455 1,231 Fixed Charges 512 738 888 628 566 ---------------------------------------------------------------- Total Earnings $ 2,944 2,391 2,568 2,083 1,797 ================================================================ Ratio of Earnings to Fixed Charges, Excluding Interest On Deposits 5.75 x 3.24 2.89 3.32 3.17 ================================================================ Including Interest on Deposits: --------------------------------------------------- Fixed Charges: Interest Expense $ 1,429 2,276 2,692 2,022 2,042 One-Third of Rents, Net of Income from Subleases 11 14 14 12 9 ---------------------------------------------------------------- Total Fixed Charges 1,440 2,290 2,706 2,034 2,051 ================================================================ Earnings: Income Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change 2,432 1,653 1,680 1,455 1,231 Fixed Charges 1,440 2,290 2,706 2,034 2,051 ---------------------------------------------------------------- Total Earnings $ 3,872 3,943 4,386 3,489 3,282 ================================================================ Ratio of Earnings to Fixed Charges, Including Interest On Deposits 2.69 x 1.72 1.62 1.72 1.60 ================================================================