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Exhibit 12
F.N.B. CORPORATION
STATEMENT RE COMPUTATION OF RATIOS
RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
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AT OR FOR THE QUARTER
AT OR FOR THE YEAR ENDED DECEMBER, 31, ENDED MARCH 31,
-------------------------------------- ---------------
1999 1998 1997 1996 1995 2000 1999
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<S> <C> <C> <C> <C> <C> <C> <C>
EARNINGS:
Pretax income from continuing operations... $ 56,458 $ 49,439 $ 42,241 $ 34,534 $ 38,367 $14,805 $12,519
Less: Income from equity investment ....... (1,416) (1,286) (621) (295) (386)
Dividends from equity investment .......... 939 812 324 250 219
Fixed charges ............................. 107,389 109,269 98,033 89,541 86,005 30,524 25,848
Less: Preferred dividend requirements..... (632) (757) (905) (1,178) (1,306) (143) (166)
-------- -------- -------- -------- -------- ------- -------
TOTAL ....................................... $162,738 $157,477 $139,072 $122,897 $123,066 $45,141 $38,034
======== ======== ======== ======== ======== ======= =======
FIXED CHARGES
Interest Expense .......................... $106,467 $108,152 $ 96,728 $ 88,063 $ 84,419 $30,285 $25,615
Estimate of interest within rental expense. 290 360 400 300 280 96 67
Preferred dividend requirements ........... 632 757 905 1,178 1,306 143 166
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TOTAL ....................................... $107,389 $109,269 $ 98,033 $ 89,541 $ 86,005 $30,524 $25,848
======== ======== ======== ======== ======== ======= =======
Ratio of Earnings to Fixed Charges .......... 1.52 1.44 1.42 1.37 1.43 1.48 1.47
======== ======== ======== ======== ======== ======= =======
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