EX-12.2 6 j9560501exv12w2.txt EXHIBIT 12.2 EXHIBIT 12.2 THE PNC FINANCIAL SERVICES GROUP, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Year ended December 31 Six months ended ------------------------------------------------------------- Dollars in millions June 30, 2002 2001 2000 1999 1998 1997 ------------------------------------------------------------------ --------- --------- --------- --------- --------- EARNINGS Income from continuing operations before taxes $966 $564 $1,848 $1,788 $1,651 $1,595 Fixed charges and preferred stock dividends excluding interest on deposits 227 783 1,063 1,010 1,188 1,110 ---------------- ----------- --------- --------- --------- --------- Subtotal 1,193 1,347 2,911 2,798 2,839 2,705 Interest on deposits 348 1,229 1,653 1,369 1,471 1,457 ---------------- ----------- --------- --------- --------- --------- Total $1,541 $2,576 $4,564 $4,167 $4,310 $4,162 ================ =========== ========= ========= ========= ========= FIXED CHARGES Interest on borrowed funds $169 $646 $915 $870 $1,065 $1,010 Interest component of rentals 28 53 50 44 33 26 Amortization of notes and debentures 1 1 1 1 1 Distributions on Mandatorily Redeemable Capital Securities of Subsidiary Trusts 29 63 67 65 60 43 Preferred stock dividend requirements 1 20 30 30 29 30 ---------------- ----------- --------- --------- ---------- --------- Subtotal 227 783 1,063 1,010 1,188 1,110 Interest on deposits 348 1,229 1,653 1,369 1,471 1,457 ---------------- ----------- --------- --------- ---------- --------- Total $575 $2,012 $2,716 $2,379 $2,659 $2,567 ================ =========== ========= ========= ========= ======== RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS Excluding interest on deposits 5.26x 1.72x 2.74x 2.77x 2.39x 2.44x Including interest on deposits 2.68 1.28 1.68 1.75 1.62 1.62 ==================================================================================================================================