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Previous: SUNTRUST BANKS INC, POS AM, EX-4.7, 2000-06-12 |
Next: SUNTRUST BANKS INC, POS AM, EX-23.1, 2000-06-12 |
<PAGE> 1
EXHIBIT 12
SUNTRUST BANKS, INC.
Ratio of Earnings to Fixed Charges
(In thousands)
<TABLE>
<CAPTION>
Three Months Ended March 31
--------------------------------
2000 1999
---------------------------------
<S> <C> <C>
RATIO 1 - INCLUDING DEPOSIT INTEREST
Earnings:
Income before income taxes and extraordinary gain $ 492,838 $ 431,852
Fixed charges 835,017 679,030
---------- ----------
Total $1,327,855 $1,110,882
========== ==========
Fixed charges:
Interest on deposits $ 554,962 $ 394,139
Interest on funds purchased 142,833 169,297
Interest on other short-term borrowings 18,946 20,288
Interest on long-term debt 111,495 88,428
Portion of rents representative of the
interest factor (1/3) of rental expense 6,781 6,878
---------- ----------
Total $ 835,017 $ 679,030
========== ==========
Earnings to fixed charges 1.59 x 1.64 x
RATIO 2 - EXCLUDING DEPOSIT INTEREST
Earnings:
Income before income taxes and extraordinary gain $ 492,838 $ 431,852
Fixed charges 280,055 284,891
---------- ----------
Total $ 772,893 $ 716,743
========== ==========
Fixed charges:
Interest on funds purchased $ 142,833 $ 169,297
Interest on other short-term borrowings 18,946 20,288
Interest on long-term debt 111,495 88,428
Portion of rents representative of the
interest factor (1/3) of rental expense 6,781 6,878
---------- ----------
Total $ 280,055 $ 284,891
========== ==========
Earnings to fixed charges 2.76 x 2.52 x
<CAPTION>
Year Ended December 31
-------------------------------------------------------------------------------
1999 1998 1997 1996 1995
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
RATIO 1 - INCLUDING DEPOSIT INTEREST
Earnings:
Income before income taxes and extraordinary gain $1,695,657 $1,498,306 $1,499,599 $1,265,942 $1,211,458
Fixed charges 2,841,964 2,773,877 2,479,633 2,185,047 2,051,441
---------- ---------- ---------- ---------- ----------
Total $4,537,621 $4,272,183 $3,979,232 $3,450,989 $3,262,899
========== ========== ========== ========== ==========
Fixed charges:
Interest on deposits $1,626,132 $1,644,229 $1,627,417 $1,585,707 $1,481,548
Interest on funds purchased 749,561 634,086 461,724 356,879 336,360
Interest on other short-term borrowings 79,521 127,800 133,814 81,683 91,271
Interest on long-term debt 359,538 340,664 230,509 134,530 118,152
Portion of rents representative of the
interest factor (1/3) of rental expense 27,212 27,098 26,169 26,248 24,110
---------- ---------- ---------- ---------- ----------
Total $2,841,964 $2,773,877 $2,479,633 $2,185,047 $2,051,441
========== ========== ========== ========== ==========
Earnings to fixed charges 1.60 x 1.54 x 1.60 x 1.58 x 1.59 x
RATIO 2 - EXCLUDING DEPOSIT INTEREST
Earnings:
Income before income taxes and extraordinary gain $1,695,657 $1,498,306 $1,499,599 $1,265,942 $1,211,458
Fixed charges 1,215,832 1,129,648 852,216 599,340 569,893
---------- ---------- ---------- ---------- ----------
Total $2,911,489 $2,627,954 $2,351,815 $1,865,282 $1,781,351
========== ========== ========== ========== ==========
Fixed charges:
Interest on funds purchased $ 749,561 $ 634,086 $ 461,724 $ 356,879 $ 336,360
Interest on other short-term borrowings 79,521 127,800 133,814 81,683 91,271
Interest on long-term debt 359,538 340,664 230,509 134,530 118,152
Portion of rents representative of the
interest factor (1/3) of rental expense 27,212 27,098 26,169 26,248 24,110
---------- ---------- ---------- ---------- ----------
Total $1,215,832 $1,129,648 $ 852,216 $ 599,340 $ 569,893
========== ========== ========== ========== ==========
Earnings to fixed charges 2.39 x 2.33 x 2.76 x 3.11 x 3.13 x
</TABLE>
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