EX-12.1 15 g67461ex12-1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 12.1 POPULAR, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (Dollars in thousands)
Year Ended December 31, -------------------------------------------------------------- 2000 1999 1998 1997 1996 Income before income taxes 375,748 340,224 306,691 284,026 256,027 Fixed charges : Interest expense 1,167,396 897,932 778,692 707,348 591,540 Estimated interest component of net rental payments 13,110 10,970 8,817 7,779 7,065 Total fixed charges including interest on deposits 1,180,506 908,902 787,509 715,127 598,605 Less: Interest on deposits 529,373 452,215 411,492 366,528 350,221 Total fixed charges excluding interest on deposits 651,133 456,687 376,017 348,599 248,384 Income before income taxes and fixed charges(including interest on deposits) $1,556,254 $1,249,126 $1,094,200 $999,153 $854,632 Income before income taxes and fixed charges(excluding interest on deposits) $1,026,881 $ 796,911 $ 682,708 $632,625 $504,411 Preferred stock dividends 8,350 8,350 8,350 8,350 8,350 Ratio of earnings to fixed charges Including Interest on Deposits 1.3 1.4 1.4 1.4 1.4 Excluding Interest on Deposits 1.6 1.7 1.8 1.8 2.0 Ratio of earnings to fixed charges & Preferred Stock Dividends Including Interest on Deposits 1.3 1.4 1.4 1.4 1.4 Excluding Interest on Deposits 1.6 1.7 1.8 1.8 2.0