EX-12.2 3 exhibit122fixedchargesandp.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS EXHIBIT122FixedChargesandPreferredDividends


Wintrust Financial Corporation
Form 10-K, Exhibit 12.2

Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

The following table presents the calculation of the ratio of earnings to fixed charges and preferred stock dividends for the last five years.

(Dollars in thousands)
 
Years ended December 31,
 
 
2012
2011
2010
2009
2008
Income before income taxes
A
$
180,132

$
128,033

$
100,807

$
117,504

$
30,641

 
 
 
 
 
 
 
Interest expense:
 
 
 
 
 
 
Interest on deposits
 
$
68,305

$
87,938

$
123,779

$
171,259

$
219,437

Interest on other borrowings
C
39,200

56,478

53,492

44,479

50,719

Total interest expense
B
$
107,505

$
144,416

$
177,271

$
215,738

$
270,156



 
 
 
 
 
 
Dividends on preferred shares (1)
D
$
14,836

$
6,592

$
44,810

$
27,009

$
3,377

 
 
 
 
 
 
 
Ratio of earnings to fixed charges and preferred stock dividends:
 
 
 
 
 
 
Including deposit interest
(A+B) / (B+D)
2.35x

1.80x

1.25x

1.37x

1.10x

Excluding deposit interest
(A+C) / (C+D)
4.06x

2.93x

1.57x

2.27x

1.50x


(1) The dividends on preferred shares were increased to amounts representing the pre-tax earnings that would be required to cover such dividend requirements.