Attached files
| file | filename |
|---|---|
| EX-3.2 - EX-3.2 - FNB CORP/PA/ | d95476dex32.htm |
| EX-23 - EX-23 - FNB CORP/PA/ | d95476dex23.htm |
| EX-21 - EX-21 - FNB CORP/PA/ | d95476dex21.htm |
| EX-32.1 - EX-32.1 - FNB CORP/PA/ | d95476dex321.htm |
| EX-32.2 - EX-32.2 - FNB CORP/PA/ | d95476dex322.htm |
| 10-K - FORM 10-K - FNB CORP/PA/ | d95476d10k.htm |
| EX-31.1 - EX-31.1 - FNB CORP/PA/ | d95476dex311.htm |
| EX-31.2 - EX-31.2 - FNB CORP/PA/ | d95476dex312.htm |
EXHIBIT 12
F.N.B. Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
Dollars in thousands
| Year Ended December 31 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
| Earnings: |
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| Income before income taxes |
$ | 229,642 | $ | 206,670 | $ | 162,560 | $ | 154,183 | $ | 119,051 | ||||||||||
| Fixed charges, excluding interest on deposits |
34,330 | 29,921 | 18,384 | 19,470 | 23,402 | |||||||||||||||
| Less: Preferred stock dividends |
(11,566 | ) | (11,983 | ) | — | — | — | |||||||||||||
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| Subtotal |
252,406 | 224,608 | 180,944 | 173,653 | 142,453 | |||||||||||||||
| Interest on deposits |
31,207 | 29,602 | 29,441 | 42,513 | 53,535 | |||||||||||||||
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| Total |
$ | 283,613 | $ | 254,210 | $ | 210,385 | $ | 216,166 | $ | 195,988 | ||||||||||
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| Fixed charges: |
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| Interest on borrowed funds |
$ | 17,366 | $ | 13,083 | $ | 14,903 | $ | 16,542 | $ | 21,082 | ||||||||||
| Interest component of rental expense |
5,398 | 4,855 | 3,481 | 2,928 | 2,320 | |||||||||||||||
| Preferred stock dividends |
11,566 | 11,983 | — | — | — | |||||||||||||||
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| Subtotal |
34,330 | 29,921 | 18,384 | 19,470 | 23,402 | |||||||||||||||
| Interest on deposits |
31,207 | 29,602 | 29,441 | 42,513 | 53,535 | |||||||||||||||
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| Total |
$ | 65,537 | $ | 59,523 | $ | 47,825 | $ | 61,983 | $ | 76,937 | ||||||||||
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| Ratio of earnings to fixed charges: |
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| Excluding interest on deposits |
10.58x | 11.85x | 9.84x | 8.92x | 6.09x | |||||||||||||||
| Including interest on deposits |
5.04x | 5.10x | 4.40x | 3.49x | 2.55x | |||||||||||||||
| Ratio of earnings to fixed charges and preferred stock dividends: |
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| Excluding interest on deposits |
7.35x | 7.51x | 9.84x | 8.92x | 6.09x | |||||||||||||||
| Including interest on deposits |
4.33x | 4.27x | 4.40x | 3.49x | 2.55x | |||||||||||||||