Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - CITIZENS FINANCIAL GROUP INC/RI | a322certexhibitcfo906-q120.htm |
| EX-32.1 - EXHIBIT 32.1 - CITIZENS FINANCIAL GROUP INC/RI | a321certexhibitceo906-q120.htm |
| EX-31.2 - EXHIBIT 31.2 - CITIZENS FINANCIAL GROUP INC/RI | a312certexhibitcfo302-q120.htm |
| EX-31.1 - EXHIBIT 31.1 - CITIZENS FINANCIAL GROUP INC/RI | a311certexhibitceo302-q120.htm |
| EX-12.1 - EXHIBIT 12.1 - CITIZENS FINANCIAL GROUP INC/RI | a121compratioearningsfixed.htm |
| 10-Q - 10-Q - CITIZENS FINANCIAL GROUP INC/RI | citizens10-qxq12017.htm |
EXHIBIT 12.2
CITIZENS FINANCIAL GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS
Three Months | Year Ended December 31, | ||||||||||||||||||||||
(dollars in millions) | Ended March 31, 2017 | 2016 | 2015 | 2014 | 2013(2) | 2012 | |||||||||||||||||
Computation of Earnings: | |||||||||||||||||||||||
Income (loss) from continuing operations before income tax expense | $434 | $1,534 | $1,263 | $1,268 | ($3,468 | ) | $1,024 | ||||||||||||||||
Fixed charges | 175 | 573 | 510 | 417 | 499 | 669 | |||||||||||||||||
Total Adjusted Earnings | $609 | $2,107 | $1,773 | $1,685 | ($2,969 | ) | $1,693 | ||||||||||||||||
Computation of Fixed Charges: | |||||||||||||||||||||||
Interest expense | $155 | $508 | $452 | $363 | $443 | $619 | |||||||||||||||||
Portion of net rental expense deemed representative of interest(1) | 13 | 51 | 51 | 54 | 56 | 50 | |||||||||||||||||
Preferred distribution | 7 | 14 | 7 | — | — | — | |||||||||||||||||
Total Fixed charges | $175 | $573 | $510 | $417 | $499 | $669 | |||||||||||||||||
Ratio of Earnings to Fixed Charges and Preferred Dividends | 3.4 | % | 3.7 | % | 3.5 | % | 4.0 | % | (5.9 | )% | 2.5 | % | |||||||||||
(1) The portion of rents shown as representative of the interest factor is one-quarter of total net operating lease expenses.
(2) The deficiency for this period was $3,468 million due in part to a goodwill impairment charge of $4,435 million ($4,080 million after tax).