EX-99.2 3 g67243ex99-2.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 99.2 Computation of Ratio of Earnings to Fixed Charges Excluding Interest on Deposits 2 EXHIBIT 99.2 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) EXCLUDING 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 334,595 153,063 229,990 211,086 210,665 200,661 152,834 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 $803,534 $633,133 $859,797 $593,768 $735,311 $653,893 $632,461 ======== ======== ======== ======== ======== ======== ======== Fixed Charges: 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 334,595 153,063 229,990 211,086 210,665 200,661 152,834 -------- -------- -------- -------- -------- -------- -------- 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 $343,611 $161,197 $240,965 $221,846 $219,462 $208,136 $160,924 ======== ======== ======== ======== ======== ======== ======== Ratio of Earnings to Fixed Charges 2.34x 3.93x 3.57x 2.68x 3.35x 3.14x 3.93x ======== ======== ======== ======== ======== ======== ========
----------------------------------------------- Due to the number of acquisitions completed over the above time periods, certain amounts were estimated due to the information not being available.