Exhibit 12.1

Fifth Third Bancorp

Computations of Consolidated Ratios Of Earnings To Fixed Charges

($ In Millions)

	Year Ended December 31,
Excluding Interest on Deposits	2008			2007	2006	2005	2004
Fixed Charges:
Interest Expense (excluding interest on deposits)	$	805		1,012	1,172	882	563
One-Third of Rents, Net of Income from Subleases		28		24	22	19	15
Total Fixed Charges	$	833		1,036	1,194	901	578
Earnings:
Income (Loss) Before Income Taxes and Cumulative Effect	$	(2,664	)	1,537	1,627	2,208	2,237
Fixed Charges		833		1,036	1,194	901	578
Total Earnings	$	(1,831	)	2,573	2,821	3,109	2,815
Ratio of Earnings to Fixed Charges, Excluding Interest On Deposits		N/A	(a)	2.48	2.36	3.45	4.87
Coverage Deficiency	$	(2,664	)	—	—	—	—
Including Interest on Deposits
Fixed Charges:
Interest Expense	$	2,094		3,018	3,082	2,030	1,102
One-Third of Rents, Net of Income from Subleases		28		24	22	19	15
Total Fixed Charges	$	2,122		3,042	3,104	2,049	1,117
Earnings:
Income (Loss) Before Income Taxes and Cumulative Effect	$	(2,664	)	1,537	1,627	2,208	2,237
Fixed Charges		2,122		3,042	3,104	2,049	1,117
Total Earnings	$	(542	)	4,579	4,731	4,257	3,354
Ratio of Earnings to Fixed Charges, Including Interest On Deposits		N/A	(a)	1.51	1.52	2.08	3.00
Coverage Deficiency	$	(2,664	)	—	—	—	—

(a) Earnings are inadequate to cover fixed charges by $2.7 billion.