Exhibit 12

BB&T Corporation

Earnings To Fixed Charges

	Years Ended December 31,
	2011		2010		2009		2008		2007
	(Dollars in millions)
Earnings:
Income before income taxes	$	1,628	$	969	$	1,036	$	2,079	$	2,582
Plus:
Fixed charges		1,442		1,855		2,232		3,044		4,068
Less:
Dividends/accretion on preferred stock		—		—		124		21		—
Noncontrolling interest		43		38		24		10		12
Capitalized interest		—		—		—		2		4
Earnings, including interest on deposits		3,027		2,786		3,120		5,090		6,634
Less:
Interest on deposits		610		917		1,271		1,891		2,620
Earnings, excluding interest on deposits	$	2,417	$	1,869	$	1,849	$	3,199	$	4,014
Fixed charges:
Interest expense	$	1,378	$	1,795	$	2,040	$	2,969	$	4,014
Capitalized interest		—		—		—		2		4
Interest portion of rent expense		64		60		68		52		50
Dividends/accretion on preferred stock		—		—		124		21		—
Total fixed charges		1,442		1,855		2,232		3,044		4,068
Less:
Interest on deposits		610		917		1,271		1,891		2,620
Total fixed charges excluding interest on deposits	$	832	$	938	$	961	$	1,153	$	1,448
Earnings to fixed charges:
Including interest on deposits		2.10x		1.50x		1.40x		1.67x		1.63x
Excluding interest on deposits		2.91x		1.99x		1.92x		2.77x		2.77x