Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - SUSQUEHANNA BANCSHARES INC | d396954d8k.htm |
| EX-5.1 - OPINION OF MORGAN, LEWIS & BOCKIUS LLP - SUSQUEHANNA BANCSHARES INC | d396954dex51.htm |
| EX-4.1 - INDENTURE - SUSQUEHANNA BANCSHARES INC | d396954dex41.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - SUSQUEHANNA BANCSHARES INC | d396954dex11.htm |
| EX-4.2 - FIRST SUPPLEMENTAL INDENTURE - SUSQUEHANNA BANCSHARES INC | d396954dex42.htm |
| EX-99.2 - PRESS RELEASE - SUSQUEHANNA BANCSHARES INC | d396954dex992.htm |
Exhibit 99.1
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividend Requirements
(in thousands, except ratios)
| Six months | ||||||||||||||||||||||||
| ended | Year Ended December 31, | |||||||||||||||||||||||
| June 30, 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
| Excluding interest on deposits |
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| Income before income taxes |
$ | 89,288 | $ | 45,638 | $ | 33,004 | $ | 2,043 | $ | 109,579 | $ | 97,763 | ||||||||||||
| Fixed charges: |
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| Interest expense |
27,900 | 84,840 | 83,226 | 74,713 | 92,822 | 59,731 | ||||||||||||||||||
| Interest within rental expense |
3,614 | 5,512 | 4,950 | 4,807 | 4,302 | 3,225 | ||||||||||||||||||
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| Total fixed charges |
31,514 | 90,352 | 88,176 | 79,520 | 97,124 | 62,956 | ||||||||||||||||||
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| Total earnings and fixed charges |
$ | 120,802 | $ | 135,990 | $ | 121,180 | $ | 81,563 | $ | 206,703 | $ | 160,719 | ||||||||||||
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| Total fixed charges, as above |
$ | 31,514 | $ | 90,352 | $ | 88,176 | $ | 79,520 | $ | 97,124 | $ | 62,956 | ||||||||||||
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| Ratio of earnings to fixed charges |
3.83 | 1.51 | 1.37 | 1.03 | 2.13 | 2.55 | ||||||||||||||||||
| Including interest on deposits |
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| Total earnings and fixed charges, as above |
$ | 120,802 | $ | 135,990 | $ | 121,180 | $ | 81,563 | $ | 206,703 | $ | 160,719 | ||||||||||||
| Add: Interest on deposits |
35,103 | 76,778 | 103,963 | 160,295 | 205,946 | 190,523 | ||||||||||||||||||
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| Total earnings, fixed charges and interest on deposits |
$ | 155,905 | $ | 212,768 | $ | 225,143 | $ | 241,858 | $ | 412,649 | $ | 351,242 | ||||||||||||
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| Fixed charges, as above |
$ | 31,514 | $ | 90,352 | $ | 88,176 | $ | 79,520 | $ | 97,124 | $ | 62,956 | ||||||||||||
| Add: Interest on deposits |
35,103 | 76,778 | 103,963 | 160,295 | 205,946 | 190,523 | ||||||||||||||||||
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| Total fixed charges including interest on deposits |
$ | 66,617 | $ | 167,130 | $ | 192,139 | $ | 239,815 | $ | 303,070 | $ | 253,479 | ||||||||||||
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| Ratio of earnings to fixed charges |
2.34 | 1.27 | 1.17 | 1.01 | 1.36 | 1.39 | ||||||||||||||||||
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividend Requirements
(in thousands, except ratios)
| Six months ended June 30, 2012 |
Year ended December 31, 2011 |
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| Excluding interest on deposits |
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| Income before income taxes |
$ | 89,288 | $ | 45,638 | ||||
| Fixed charges: |
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| Interest expense |
27,900 | 84,840 | ||||||
| Interest within rental expense |
3,614 | 5,512 | ||||||
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| Total fixed charges |
31,514 | 90,352 | ||||||
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| Total earnings and fixed charges |
120,802 | 135,990 | ||||||
| Adjustment: |
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| Reduction of interest expense resulting from debt offering and use of proceeds therefrom |
(4,848 | ) | (9,085 | ) | ||||
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| Total earnings, fixed charges, and adjustments |
$ | 115,954 | $ | 126,905 | ||||
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| Fixed charges, as above |
$ | 31,514 | $ | 90,352 | ||||
| Adjustment, as above |
(4,848 | ) | (9,085 | ) | ||||
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| Total Fixed charges and adjustment |
$ | 26,666 | $ | 81,267 | ||||
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| Ratio of earnings to fixed charges |
4.53 | 1.67 | ||||||