Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - CULLEN/FROST BANKERS, INC. | d482430d8k.htm |
Exhibit 12.1
Cullen/Frost Bankers, Inc.
Statement Re: Computation of Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
| Years Ended December 31, | ||||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||
| Income before income taxes |
308,475 | 286,235 | 266,340 | 232,755 | 296,879 | |||||||||||||||
| Interest expense, including interest on deposits |
26,751 | 41,241 | 53,880 | 86,357 | 141,626 | |||||||||||||||
| Estimated interest component of net rental expense |
6,954 | 5,252 | 5,828 | 5,122 | 5,878 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Earnings |
342,180 | 332,728 | 326,048 | 324,234 | 444,383 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Interest expense, including interest on deposits |
26,751 | 41,241 | 53,880 | 86,357 | 141,626 | |||||||||||||||
| Estimated interest component of net rental expense |
6,954 | 5,252 | 5,828 | 5,122 | 5,878 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Fixed charges |
33,705 | 46,493 | 59,708 | 91,479 | 147,504 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Consolidated ratio of earnings to fixed charges (including interest on deposits) |
10.15 | 7.16 | 5.46 | 3.54 | 3.01 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Income before income taxes |
308,475 | 286,235 | 266,340 | 232,755 | 296,879 | |||||||||||||||
| Interest expense, excluding interest on deposits |
8,652 | 19,062 | 23,907 | 30,342 | 36,755 | |||||||||||||||
| Estimated interest component of net rental expense |
6,954 | 5,252 | 5,828 | 5,122 | 5,878 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Earnings |
324,081 | 310,549 | 296,075 | 268,219 | 339,512 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Interest expense, excluding interest on deposits |
8,652 | 19,062 | 23,907 | 30,342 | 36,755 | |||||||||||||||
| Estimated interest component of net rental expense |
6,954 | 5,252 | 5,828 | 5,122 | 5,878 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Fixed charges |
15,606 | 24,314 | 29,735 | 35,464 | 42,633 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Consolidated ratio of earnings to fixed charges (excluding interest on deposits) |
20.77 | 12.77 | 9.96 | 7.56 | 7.96 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||