EX-99.1 2 g67243ex99-1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 99.1 Computation of Ratio of Earnings to Fixed Charges Including Interest on Deposits 2 EXHIBIT 99.1 Union Planters Corporation Computation of Ratio of Earnings to Fixed Charges
Nine Months Ended September 30, Years Ended December 31, ------------------------ ---------------------------------------------------------- 2000 1999 1999 1998 1997 1996 1995 ---------- ---------- ---------- ---------- ---------- ---------- ---------- (Dollars in thousands) INCLUDING INTEREST ON DEPOSITS Earnings before Income Taxes $ 459,923 $ 471,936 $ 618,832 $ 371,922 $ 515,849 $ 445,757 $ 471,537 Add: Interest Expense & Amortization of Debt Issuance Costs 946,676 772,573 1,041,401 1,107,148 1,064,586 1,011,241 897,649 Portion of Operating Lease Rents Representative of the Interest Factor 9,016 8,134 10,975 10,760 8,797 7,475 8,090 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Earnings As Adjusted $1,415,615 $1,252,643 $1,671,208 $1,489,830 $1,589,232 $1,464,473 $1,377,276 ========== ========== ========== ========== ========== ========== ========== Fixed Charges: Interest on Deposits $ 612,081 $ 619,510 $ 811,411 $ 896,062 $ 853,921 $ 810,580 $ 744,815 Interest on Short-term borrowings 267,937 84,657 141,936 79,415 88,753 100,498 70,894 Interest on FHLB Advances & other Long-term Debt 66,658 68,406 88,054 131,671 121,912 100,163 81,940 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total Interest Expense & Amortization of Debt Issuance Costs 946,676 772,573 1,041,401 1,107,148 1,064,586 1,011,241 897,649 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Capitalized Interest Expense 0 0 0 0 0 0 0 Portion of Operating Lease Rents Representative of the Interest Factor 9,016 8,134 10,975 10,760 8,797 7,475 8,090 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total Fixed Charges $ 955,692 $ 780,707 $1,052,376 $1,117,908 $1,073,383 $1,018,716 $ 905,739 ========== ========== ========== ========== ========== ========== ========== Ratio of Earnings to Fixed Charges 1.48x 1.60x 1.59x 1.33x 1.48x 1.44x 1.52x ========== ========== ========== ========== ========== ========== ==========
----------------------------------------------- Due to the number of acquisitions completed over the above time periods, certain amounts were estimated due to the information not being available.