EX-12.1 3 w09497exv12w1.txt STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 Fulton Financial Corporation Computation of Ratio of Earnings to Fixed Charges (dollars in thousands)
Quarter Ended Year Ended March 31 December 31 2005 2004 2004 2003 2002 2001 2000 Income before taxes, extraordinary items and cumulative effect of changes in accounting principles $ 59,570 $50,993 $218,181 $197,543 $189,416 $159,956 $151,271 ------------------------ ------------------------------------------------------------ Fixed charges: Interest on Deposits $ 27,808 $20,350 $ 89,779 $ 94,198 $125,394 $186,969 $187,601 Interest on borrowings $ 14,754 $10,619 $ 46,215 $ 36,896 $ 32,825 $ 40,993 $ 56,273 ------------------------ ------------------------------------------------------------ Total fixed charges $ 42,562 $30,969 $135,994 $131,094 $158,219 $227,962 $243,874 ------------------------ ------------------------------------------------------------ Income before taxes, extraordinary items and cumulative effect of changes in accounting principles and fixed charges $102,132 $81,962 $354,175 $328,637 $347,635 $387,918 $395,145 ------------------------ ------------------------------------------------------------ Ratio of earning to fixed charges 2.4 2.7 2.6 2.5 2.2 1.7 1.6 Income before taxes, extraordinary items and cumulative effect of changes in accounting principles and fixed charges less interest on deposits $ 74,324 $61,612 $264,396 $234,439 $222,241 $200,949 $207,544 ------------------------ ------------------------------------------------------------ Ratio of earning to fixed charges less interest on deposits 5.0 5.8 5.7 6.4 6.8 4.9 3.7