Exhibit 12

BB&T Corporation

Earnings To Fixed Charges

	Three Months Ended March 31,				Years Ended December 31,
	2012		2011		2011		2010		2009		2008		2007
	(Dollars in millions)
Earnings:
Income before income taxes	$	634	$	287	$	1,628	$	969	$	1,036	$	2,079	$	2,582
Plus:
Fixed charges		323		407		1,442		1,855		2,254		3,052		4,068
Less:
Dividends/accretion on preferred stock (1)		—		—		—		—		146		29		—
Noncontrolling interest		14		9		43		38		24		10		12
Capitalized interest		—		—		—		—		—		2		4
Earnings, including interest on deposits		943		685		3,027		2,786		3,120		5,090		6,634
Less:
Interest on deposits		121		171		610		917		1,271		1,891		2,620
Earnings, excluding interest on deposits	$	822	$	514	$	2,417	$	1,869	$	1,849	$	3,199	$	4,014
Fixed charges:
Interest expense	$	307	$	391	$	1,378	$	1,795	$	2,040	$	2,969	$	4,014
Capitalized interest		—		—		—		—		—		2		4
Interest portion of rent expense		16		16		64		60		68		52		50
Dividends/accretion on preferred stock (1)		—		—		—		—		146		29		—
Total fixed charges		323		407		1,442		1,855		2,254		3,052		4,068
Less:
Interest on deposits		121		171		610		917		1,271		1,891		2,620
Total fixed charges excluding interest on deposits	$	202	$	236	$	832	$	938	$	983	$	1,161	$	1,448
Earnings to fixed charges:
Including interest on deposits		2.92x		1.68x		2.10x		1.50x		1.38x		1.67x		1.63x
Excluding interest on deposits		4.07x		2.18x		2.91x		1.99x		1.88x		2.76x		2.77x

(1) Dividends on preferred stock have been grossed up by the effective tax rate for the period.