Attached files
file | filename |
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EX-31.1 - EXHIBIT 31.1 - TRUIST FINANCIAL CORP | exhibit311.htm |
EX-10.1 - EXHIBIT 10.1 - TRUIST FINANCIAL CORP | exhibit101.htm |
10-Q - FORM 10-Q - TRUIST FINANCIAL CORP | f10q2q15.htm |
EX-32 - EXHIBIT 32 - TRUIST FINANCIAL CORP | exhibit32.htm |
EX-31.2 - EXHIBIT 31.2 - TRUIST FINANCIAL CORP | exhibit312.htm |
Exhibit 12 | ||||||||||||||||||||||||
BB&T Corporation | ||||||||||||||||||||||||
Earnings To Fixed Charges (1) | ||||||||||||||||||||||||
Six Months | ||||||||||||||||||||||||
Ended June 30, | Years Ended December 31, | |||||||||||||||||||||||
2015 | 2014 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income before income taxes | $ | 1,369 | $ | 1,522 | $ | 3,127 | $ | 3,284 | $ | 2,945 | $ | 1,732 | $ | 1,055 | ||||||||||
Plus: | ||||||||||||||||||||||||
Fixed charges | 397 | 431 | 843 | 967 | 1,130 | 1,442 | 1,855 | |||||||||||||||||
Distributions from equity method investees | 6 | 5 | 9 | 9 | 6 | 7 | 2 | |||||||||||||||||
Less: | ||||||||||||||||||||||||
Capitalized interest | 1 | ― | 1 | ― | ― | ― | ― | |||||||||||||||||
Income from equity method investees, net | (3) | 1 | ― | 9 | 3 | 3 | 7 | |||||||||||||||||
Earnings | 1,774 | 1,957 | 3,978 | 4,251 | 4,078 | 3,178 | 2,905 | |||||||||||||||||
Less: | ||||||||||||||||||||||||
Interest on deposits | 110 | 120 | 239 | 301 | 429 | 610 | 917 | |||||||||||||||||
Earnings, excluding interest on deposits | $ | 1,664 | $ | 1,837 | $ | 3,739 | $ | 3,950 | $ | 3,649 | $ | 2,568 | $ | 1,988 | ||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 358 | $ | 393 | $ | 768 | $ | 891 | $ | 1,060 | $ | 1,378 | $ | 1,795 | ||||||||||
Capitalized interest | 1 | ― | 1 | ― | ― | ― | ― | |||||||||||||||||
Interest portion of rent expense | 38 | 38 | 74 | 76 | 70 | 64 | 60 | |||||||||||||||||
Total fixed charges | 397 | 431 | 843 | 967 | 1,130 | 1,442 | 1,855 | |||||||||||||||||
Less: | ||||||||||||||||||||||||
Interest on deposits | 110 | 120 | 239 | 301 | 429 | 610 | 917 | |||||||||||||||||
Total fixed charges, excluding interest on deposits | 287 | 311 | 604 | 666 | 701 | 832 | 938 | |||||||||||||||||
Dividends/accretion on preferred stock (2) | 97 | 107 | 199 | 211 | 87 | ― | ― | |||||||||||||||||
Total fixed charges and preferred dividends | $ | 494 | $ | 538 | $ | 1,042 | $ | 1,178 | $ | 1,217 | $ | 1,442 | $ | 1,855 | ||||||||||
Total fixed charges and preferred dividends, excluding interest on deposits | $ | 384 | $ | 418 | $ | 803 | $ | 877 | $ | 788 | $ | 832 | $ | 938 | ||||||||||
Earnings to fixed charges: | ||||||||||||||||||||||||
Including interest on deposits | 4.47x | 4.54x | 4.72x | 4.40x | 3.61x | 2.20x | 1.57x | |||||||||||||||||
Excluding interest on deposits | 5.80x | 5.91x | 6.19x | 5.93x | 5.21x | 3.09x | 2.12x | |||||||||||||||||
Earnings to fixed charges and preferred dividends: | ||||||||||||||||||||||||
Including interest on deposits | 3.59x | 3.64x | 3.82x | 3.61x | 3.35x | 2.20x | 1.57x | |||||||||||||||||
Excluding interest on deposits | 4.33x | 4.39x | 4.66x | 4.50x | 4.63x | 3.09x | 2.12x | |||||||||||||||||
(1) | Prior periods have been revised to reflect the adoption of new accounting guidance related to investments in qualified affordable housing projects. | |||||||||||||||||||||||
(2) | Dividends on preferred stock have been grossed up by the effective tax rate for the period. |