Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - TRUIST FINANCIAL CORP | form10-q_1q17.htm |
| EX-32 - EXHIBIT 32 - TRUIST FINANCIAL CORP | ex32-certification_1q17.htm |
| EX-31.2 - EXHIBIT 31.2 - TRUIST FINANCIAL CORP | ex312-certification_1q17.htm |
| EX-31.1 - EXHIBIT 31.1 - TRUIST FINANCIAL CORP | ex311-certification_1q17.htm |
| EX-10.2 - EXHIBIT 10.2 - TRUIST FINANCIAL CORP | ex102-formofperformanceuni.htm |
| EX-10.1 - EXHIBIT 10.1 - TRUIST FINANCIAL CORP | ex101-formofltipagreement_.htm |
Exhibit 12 | |||||||||||||||||||||||||||
BB&T Corporation | |||||||||||||||||||||||||||
Earnings To Fixed Charges | |||||||||||||||||||||||||||
Three Months Ended March 31, | Year Ended December 31, | ||||||||||||||||||||||||||
(Dollars in millions) | 2017 | 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||||
Earnings: | |||||||||||||||||||||||||||
Income before income taxes | $ | 530 | $ | 816 | $ | 3,500 | $ | 2,917 | $ | 3,127 | $ | 3,283 | $ | 2,945 | |||||||||||||
Plus: | |||||||||||||||||||||||||||
Fixed charges | 192 | 215 | 843 | 819 | 843 | 967 | 1,130 | ||||||||||||||||||||
Distributions from equity method investees | 1 | — | 5 | 8 | 9 | 9 | 6 | ||||||||||||||||||||
Less: | |||||||||||||||||||||||||||
Capitalized interest | 1 | 1 | 3 | 2 | 1 | — | — | ||||||||||||||||||||
Income (loss) from equity method investees | (4 | ) | (2 | ) | (9 | ) | (3 | ) | — | 9 | 3 | ||||||||||||||||
Earnings | 726 | 1,032 | 4,354 | 3,745 | 3,978 | 4,250 | 4,078 | ||||||||||||||||||||
Less: | |||||||||||||||||||||||||||
Interest on deposits | 69 | 64 | 251 | 233 | 239 | 301 | 429 | ||||||||||||||||||||
Earnings, excluding interest on deposits | $ | 657 | $ | 968 | $ | 4,103 | $ | 3,512 | $ | 3,739 | $ | 3,949 | $ | 3,649 | |||||||||||||
Fixed charges: | |||||||||||||||||||||||||||
Interest expense | $ | 166 | $ | 192 | $ | 745 | $ | 735 | $ | 768 | $ | 891 | $ | 1,060 | |||||||||||||
Capitalized interest | 1 | 1 | 3 | 2 | 1 | — | — | ||||||||||||||||||||
Interest portion of rent expense | 25 | 22 | 95 | 82 | 74 | 76 | 70 | ||||||||||||||||||||
Total fixed charges | 192 | 215 | 843 | 819 | 843 | 967 | 1,130 | ||||||||||||||||||||
Less: | |||||||||||||||||||||||||||
Interest on deposits | 69 | 64 | 251 | 233 | 239 | 301 | 429 | ||||||||||||||||||||
Total fixed charges, excluding interest on deposits | 123 | 151 | 592 | 586 | 604 | 666 | 701 | ||||||||||||||||||||
Dividends/accretion on preferred stock (1) | 53 | 53 | 239 | 203 | 210 | 222 | 90 | ||||||||||||||||||||
Total fixed charges and preferred dividends | $ | 245 | $ | 268 | $ | 1,082 | $ | 1,022 | $ | 1,053 | $ | 1,189 | $ | 1,220 | |||||||||||||
Total fixed charges and preferred dividends, excluding interest on deposits | $ | 176 | $ | 204 | $ | 831 | $ | 789 | $ | 814 | $ | 888 | $ | 791 | |||||||||||||
Earnings to fixed charges: | |||||||||||||||||||||||||||
Including interest on deposits | 3.78x | 4.80x | 5.16x | 4.57x | 4.72x | 4.40x | 3.61x | ||||||||||||||||||||
Excluding interest on deposits | 5.34x | 6.41x | 6.93x | 5.99x | 6.19x | 5.93x | 5.21x | ||||||||||||||||||||
Earnings to fixed charges and preferred dividends: | |||||||||||||||||||||||||||
Including interest on deposits | 2.96x | 3.85x | 4.02x | 3.66x | 3.78x | 3.57x | 3.34x | ||||||||||||||||||||
Excluding interest on deposits | 3.73x | 4.75x | 4.94x | 4.45x | 4.59x | 4.45x | 4.61x | ||||||||||||||||||||
(1) | Dividends on preferred stock have been grossed up by the effective tax rate for the period. |