EX-12.1 13 g72597ex12-1.txt COMPUTATION OF THE RATIO OF EARNINGS EXHIBIT 12.1 SUNTRUST BANKS, INC. Ratio of Earnings to Fixed Charges (In thousands)
Nine Months Ended Sept 30 For the Year Ended December 31, --------------------- --------------------------------------------------------- 2001 2000 2000 1999 1998 1997 1996 --------- --------- --------- --------- --------- --------- --------- INCLUDING INTEREST ON DEPOSITS Earnings: Income before income taxes and extraordinary items 1,560,303 1,439,934 1,919,556 1,695,657 1,498,306 1,499,599 1,265,942 Fixed charges 2,484,374 2,744,912 3,764,603 2,841,964 2,773,877 2,479,633 2,185,047 --------- --------- --------- --------- --------- --------- --------- Total 4,044,677 4,184,846 5,684,159 4,537,621 4,272,183 3,979,232 3,450,989 ========= ========= ========= ========= ========= ========= ========= Fixed charges: Interest on deposits 1,486,464 1,796,753 2,452,919 1,626,132 1,644,229 1,627,417 1,585,707 Interest on funds purchased 365,126 473,672 651,235 749,561 634,086 461,724 356,879 Interest on other short-term borrowings 54,617 66,742 97,903 79,521 127,800 133,814 81,683 Interest on long-term debt 549,680 386,854 534,924 359,538 340,664 230,509 134,530 Portion of rents representative of the interest factor 28,487 20,891 27,622 27,212 27,098 26,169 26,248 --------- --------- --------- --------- --------- --------- --------- Total 2,484,374 2,744,912 3,764,603 2,841,964 2,773,877 2,479,633 2,185,047 ========= ========= ========= ========= ========= ========= ========= Earnings to fixed charges 1.63x 1.52x 1.51x 1.60x 1.54x 1.60x 1.58x EXCLUDING INTEREST ON DEPOSITS Earnings: Income before income taxes and extraordinary items 1,560,303 1,439,934 1,919,556 1,695,657 1,498,306 1,499,599 1,265,942 Fixed charges 997,910 948,159 1,311,684 1,215,832 1,129,648 852,216 599,340 --------- --------- --------- --------- --------- --------- --------- Total 2,558,213 2,388,093 3,231,240 2,911,489 2,627,954 2,351,815 1,865,282 ========= ========= ========= ========= ========= ========= ========= Fixed charges: Interest on funds purchased 365,126 473,672 651,235 749,561 634,086 461,724 356,879 Interest on other short-term borrowings 54,617 66,742 97,903 79,521 127,800 133,814 81,683 Interest on long-term debt 549,680 386,854 534,924 359,538 340,664 230,509 134,530 Portion of rents representative of the interest factor 28,487 20,891 27,622 27,212 27,098 26,169 26,248 --------- --------- --------- --------- --------- --------- --------- Total 997,910 948,159 1,311,684 1,215,832 1,129,648 852,216 599,340 ========= ========= ========= ========= ========= ========= ========= Earnings to fixed charges 2.56x 2.52x 2.46x 2.39x 2.33x 2.76x 3.11x