Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - FNB CORP/PA/ | l38910e10vk.htm |
| EX-21 - EX-21 - FNB CORP/PA/ | l38910exv21.htm |
| EX-99.3 - EX-99.3 - FNB CORP/PA/ | l38910exv99w3.htm |
| EX-99.1 - EX-99.1 - FNB CORP/PA/ | l38910exv99w1.htm |
| EX-31.1 - EX-31.1 - FNB CORP/PA/ | l38910exv31w1.htm |
| EX-32.2 - EX-32.2 - FNB CORP/PA/ | l38910exv32w2.htm |
| EX-99.2 - EX-99.2 - FNB CORP/PA/ | l38910exv99w2.htm |
| EX-31.2 - EX-31.2 - FNB CORP/PA/ | l38910exv31w2.htm |
| EX-32.1 - EX-32.1 - FNB CORP/PA/ | l38910exv32w1.htm |
| EX-23 - EX-23 - FNB CORP/PA/ | l38910exv23.htm |
EXHIBIT 12
F.N.B. Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
Dollars in thousands
| Year Ended December 31 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||
|
Earnings:
|
||||||||||||||||||||
|
Income before income taxes
|
$ | 50,380 | $ | 42,832 | $ | 98,139 | $ | 97,186 | $ | 77,105 | ||||||||||
|
Fixed charges, excluding interest on deposits
|
41,565 | 48,321 | 51,510 | 48,839 | 44,468 | |||||||||||||||
|
Less: Preferred stock dividends
|
(4,085 | ) | — | — | — | — | ||||||||||||||
|
Subtotal
|
87,860 | 91,153 | 149,649 | 146,025 | 121,573 | |||||||||||||||
|
Interest on deposits
|
85,699 | 111,568 | 124,276 | 106,679 | 66,112 | |||||||||||||||
|
Total
|
$ | 173,559 | $ | 202,721 | $ | 273,925 | $ | 252,704 | $ | 187,685 | ||||||||||
|
Fixed charges:
|
||||||||||||||||||||
|
Interest on borrowed funds
|
$ | 35,480 | $ | 46,421 | $ | 49,777 | $ | 46,906 | $ | 42,668 | ||||||||||
|
Interest component of rental expense
|
2,000 | 1,900 | 1,733 | 1,933 | 1,800 | |||||||||||||||
|
Preferred stock dividends
|
4,085 | — | — | — | — | |||||||||||||||
|
Subtotal
|
41,565 | 48,321 | 51,510 | 48,839 | 44,468 | |||||||||||||||
|
Interest on deposits
|
85,699 | 111,568 | 124,276 | 106,679 | 66,112 | |||||||||||||||
|
Total
|
$ | 127,264 | $ | 159,889 | $ | 175,786 | $ | 155,518 | $ | 110,580 | ||||||||||
|
Ratio of earnings to fixed charges:
|
||||||||||||||||||||
|
Excluding interest on deposits
|
2.24x | 1.89x | 2.91x | 2.99x | 2.73x | |||||||||||||||
|
Including interest on deposits
|
1.38x | 1.27x | 1.56x | 1.62x | 1.70x | |||||||||||||||
|
Ratio of earnings to fixed charges and preferred stock
dividends: Excluding interest on deposits
|
2.11x | 1.89x | 2.91x | 2.99x | 2.73x | |||||||||||||||
|
Including interest on deposits
|
1.36x | 1.27x | 1.56x | 1.62x | 1.70x | |||||||||||||||
128