EX-12 6 0006.txt COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 12 SUNTRUST BANKS, INC. Ratio of Earnings to Fixed Charges (In thousands)
Three Months Ended March 31 -------------------------------- 2000 1999 --------------------------------- RATIO 1 - INCLUDING DEPOSIT INTEREST Earnings: Income before income taxes and extraordinary gain $ 492,838 $ 431,852 Fixed charges 835,017 679,030 ---------- ---------- Total $1,327,855 $1,110,882 ========== ========== Fixed charges: Interest on deposits $ 554,962 $ 394,139 Interest on funds purchased 142,833 169,297 Interest on other short-term borrowings 18,946 20,288 Interest on long-term debt 111,495 88,428 Portion of rents representative of the interest factor (1/3) of rental expense 6,781 6,878 ---------- ---------- Total $ 835,017 $ 679,030 ========== ========== Earnings to fixed charges 1.59 x 1.64 x RATIO 2 - EXCLUDING DEPOSIT INTEREST Earnings: Income before income taxes and extraordinary gain $ 492,838 $ 431,852 Fixed charges 280,055 284,891 ---------- ---------- Total $ 772,893 $ 716,743 ========== ========== Fixed charges: Interest on funds purchased $ 142,833 $ 169,297 Interest on other short-term borrowings 18,946 20,288 Interest on long-term debt 111,495 88,428 Portion of rents representative of the interest factor (1/3) of rental expense 6,781 6,878 ---------- ---------- Total $ 280,055 $ 284,891 ========== ========== Earnings to fixed charges 2.76 x 2.52 x Year Ended December 31 ------------------------------------------------------------------------------- 1999 1998 1997 1996 1995 ------------------------------------------------------------------------------- RATIO 1 - INCLUDING DEPOSIT INTEREST Earnings: Income before income taxes and extraordinary gain $1,695,657 $1,498,306 $1,499,599 $1,265,942 $1,211,458 Fixed charges 2,841,964 2,773,877 2,479,633 2,185,047 2,051,441 ---------- ---------- ---------- ---------- ---------- Total $4,537,621 $4,272,183 $3,979,232 $3,450,989 $3,262,899 ========== ========== ========== ========== ========== Fixed charges: Interest on deposits $1,626,132 $1,644,229 $1,627,417 $1,585,707 $1,481,548 Interest on funds purchased 749,561 634,086 461,724 356,879 336,360 Interest on other short-term borrowings 79,521 127,800 133,814 81,683 91,271 Interest on long-term debt 359,538 340,664 230,509 134,530 118,152 Portion of rents representative of the interest factor (1/3) of rental expense 27,212 27,098 26,169 26,248 24,110 ---------- ---------- ---------- ---------- ---------- Total $2,841,964 $2,773,877 $2,479,633 $2,185,047 $2,051,441 ========== ========== ========== ========== ========== Earnings to fixed charges 1.60 x 1.54 x 1.60 x 1.58 x 1.59 x RATIO 2 - EXCLUDING DEPOSIT INTEREST Earnings: Income before income taxes and extraordinary gain $1,695,657 $1,498,306 $1,499,599 $1,265,942 $1,211,458 Fixed charges 1,215,832 1,129,648 852,216 599,340 569,893 ---------- ---------- ---------- ---------- ---------- Total $2,911,489 $2,627,954 $2,351,815 $1,865,282 $1,781,351 ========== ========== ========== ========== ========== Fixed charges: Interest on funds purchased $ 749,561 $ 634,086 $ 461,724 $ 356,879 $ 336,360 Interest on other short-term borrowings 79,521 127,800 133,814 81,683 91,271 Interest on long-term debt 359,538 340,664 230,509 134,530 118,152 Portion of rents representative of the interest factor (1/3) of rental expense 27,212 27,098 26,169 26,248 24,110 ---------- ---------- ---------- ---------- ---------- Total $1,215,832 $1,129,648 $ 852,216 $ 599,340 $ 569,893 ========== ========== ========== ========== ========== Earnings to fixed charges 2.39 x 2.33 x 2.76 x 3.11 x 3.13 x