EX-12.1 11 dex121.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

SunTrust Banks, Inc.
Ratio of Earnings to Fixed Charges
(In thousands)

 

 

Year Ended December 31

 

 

 

 

 

 

2002

 

2001

 

2000

 

1999

 

1998

 

1997

 

 

 

 

 

 

 

 

 
Ratio 1 - including deposit interest
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Earnings:
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
Income before income taxes and extraordinary gain

 

$

1,823,324

 

$

2,019,720

 

$

1,919,556

 

$

1,695,657

 

$

1,498,306

 

$

1,499,599

 
 
Fixed charges

 

 

1,932,209

 

 

3,065,973

 

 

3,775,173

 

 

2,852,180

 

 

2,784,251

 

 

2,489,432

 
 
 

 

 

 

 

 

 

 
 
Total

 

$

3,755,533

 

$

5,085,693

 

$

5,694,729

 

$

4,547,837

 

$

4,282,557

 

$

3,989,031

 
 
 

 

 

 

 

 

 
Fixed charges:
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
Interest on deposits

 

$

1,117,296

 

$

1,812,385

 

$

2,452,919

 

$

1,626,132

 

$

1,644,229

 

$

1,627,417

 
 
Interest on funds purchased

 

 

140,463

 

 

412,218

 

 

651,235

 

 

749,561

 

 

634,086

 

 

461,724

 
 
Interest on other short-term borrowings

 

 

14,062

 

 

63,359

 

 

97,903

 

 

79,521

 

 

127,800

 

 

133,814

 
 
Interest on long-term debt

 

 

619,667

 

 

739,012

 

 

534,924

 

 

359,538

 

 

340,664

 

 

230,509

 
 
Portion of rents representative of the interest factor (1/3) of rental expense

 

 

40,721

 

 

38,999

 

 

38,192

 

 

37,428

 

 

37,472

 

 

35,968

 
 
 

 

 

 

 

 

 

 
 
Total

 

$

1,932,209

 

$

3,065,973

 

$

3,775,173

 

$

2,852,180

 

$

2,784,251

 

$

2,489,432

 
 
 

 

 

 

 

 

 
Earnings to fixed charges
 

 

1.94

x

 

1.66

x

 

1.51

x

 

1.59

x

 

1.54

x

 

1.60

x
Ratio 2 - excluding deposit interest
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Earnings:
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
Income before income taxes and extraordinary gain

 

$

1,823,324

 

$

2,019,720

 

$

1,919,556

 

$

1,695,657

 

$

1,498,306

 

$

1,499,599

 
 
Fixed charges

 

 

814,913

 

 

1,253,588

 

 

1,322,254

 

 

1,226,048

 

 

1,140,022

 

 

862,015

 
 
 

 

 

 

 

 

 

 
 
Total

 

$

2,638,237

 

$

3,273,308

 

$

3,241,810

 

$

2,921,705

 

$

2,638,328

 

$

2,361,614

 
 
 

 

 

 

 

 

 
Fixed charges:
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
Interest on funds purchased

 

$

140,463

 

$

412,218

 

$

651,235

 

$

749,561

 

$

634,086

 

$

461,724

 
 
Interest on other short-term borrowings

 

 

14,062

 

 

63,359

 

 

97,903

 

 

79,521

 

 

127,800

 

 

133,814

 
 
Interest on long-term debt

 

 

619,667

 

 

739,012

 

 

534,924

 

 

359,538

 

 

340,664

 

 

230,509

 
 
Portion of rents representative of the interest factor (1/3) of rental expense

 

 

40,721

 

 

38,999

 

 

38,192

 

 

37,428

 

 

37,472

 

 

35,968

 
 
 

 

 

 

 

 

 

 
 
Total

 

$

814,913

 

$

1,253,588

 

$

1,322,254

 

$

1,226,048

 

$

1,140,022

 

$

862,015

 
 
 

 

 

 

 

 

 
Earnings to fixed charges
 

 

3.24

x

 

2.61

x

 

2.45

x

 

2.38

x

 

2.31

x

 

2.74

x