Attached files

file filename
10-K - FORM 10-K - FNB CORP/PA/d280128d10k.htm
EX-32.2 - EX-32.2 - FNB CORP/PA/d280128dex322.htm
EX-32.1 - EX-32.1 - FNB CORP/PA/d280128dex321.htm
EX-31.2 - EX-31.2 - FNB CORP/PA/d280128dex312.htm
EX-31.1 - EX-31.1 - FNB CORP/PA/d280128dex311.htm
EX-23 - EX-23 - FNB CORP/PA/d280128dex23.htm
EX-21 - EX-21 - FNB CORP/PA/d280128dex21.htm
EX-10.7 - EX-10.7 - FNB CORP/PA/d280128dex107.htm

EXHIBIT 12

F.N.B. Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

Dollars in thousands

 

Year Ended December 31    2016     2015     2014     2013      2012  

Earnings:

           

Income before income taxes

   $ 246,389     $ 229,642     $ 206,670     $ 162,560      $ 154,183  

Fixed charges, excluding interest on deposits

     44,810       34,330       29,921       18,384        19,470  

Less: Preferred stock dividends

     (11,593     (11,566     (11,983     —          —    
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Subtotal

     279,606       252,406       224,608       180,944        173,653  

Interest on deposits

     41,239       31,207       29,602       29,441        42,513  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Total

   $ 320,845     $ 283,613     $ 254,210     $ 210,385      $ 216,166  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Fixed charges:

           

Interest on borrowed funds

   $ 26,212     $ 17,366     $ 13,083     $ 14,903      $ 16,542  

Interest component of rental expense

     7,005       5,398       4,855       3,481        2,928  

Preferred stock dividends

     11,593       11,566       11,983       —          —    
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Subtotal

     44,810       34,330       29,921       18,384        19,470  

Interest on deposits

     41,239       31,207       29,602       29,441        42,513  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Total

   $ 86,049     $ 65,537     $ 59,523     $ 47,825      $ 61,983  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Ratio of earnings to fixed charges:

           

Excluding interest on deposits

     8.07x       10.58x       11.85x       9.84x        8.92x  

Including interest on deposits

     4.15x       5.04x       5.10x       4.40x        3.49x  

Ratio of earnings to fixed charges and preferred stock dividends:

           

Excluding interest on deposits

     6.24x       7.35x       7.51x       9.84x        8.92x  

Including interest on deposits

     3.73x       4.33x       4.27x       4.40x        3.49x