EX-12.B 4 dex12b.txt COMPUTATIONS OF CONSOLIDATED RATIOS OF EARNINGS TO COMBINED FIXED CHARGES 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: 2002 2001 2000 1999 1998 --------------------------------------------------------------------------------------------------------------------- Fixed Charges: Interest Expense (excluding interest on deposits) $ 501 724 874 616 557 One-Third of Rents 11 14 14 12 9 Preferred Stock Dividends 1 1 1 1 1 ----------------------------------------------------------- Total Fixed Charges 513 739 889 629 567 =========================================================== Earnings: Income Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change 2,432 1,653 1,680 1,455 1,231 Fixed Charges - Excluding Preferred Stock Dividends 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 5.74 x 3.24 2.89 3.31 3.17 =========================================================== Including Interest on Deposits: ------------------------------------------------------- Fixed Charges: Interest Expense $ 1,429 2,276 2,692 2,022 2,042 One-Third of Rents 11 14 14 12 9 Preferred Stock Dividends 1 1 1 1 1 ----------------------------------------------------------- Total Fixed Charges 1,441 2,291 2,707 2,035 2,052 =========================================================== Earnings: Income Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change 2,432 1,653 1,680 1,455 1,231 Fixed Charges - Excluding Preferred Stock Dividends 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 1.71 1.60 ===========================================================