EX-12.2 3 exhibit122fixedchargesandp.htm EXHIBIT 12.2 Exhibit

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,
 
 
2016
2015
2014
2013
2012
Income before income taxes
A
$
331,854

$
251,765

$
246,431

$
224,440

$
180,132

 
 
 
 
 
 
 
Interest expense:
 
 
 
 
 
 
Interest on deposits
 
$
58,409

$
48,863

$
48,411

$
53,191

$
68,305

Interest on other borrowings
C
31,855

28,072

24,281

26,891

39,200

Total interest expense
B
$
90,264

$
76,935

$
72,692

$
80,082

$
107,505



 
 
 
 
 
 
Dividends on preferred shares (1)
D
$
23,909

$
17,891

$
10,498

$
13,822

$
14,836

 
 
 
 
 
 
 
Ratio of earnings to fixed charges and preferred stock dividends:
 
 
 
 
 
 
Including deposit interest
(A+B) / (B+D)
3.70x

3.47x

3.84x

3.24x

2.35x

Excluding deposit interest
(A+C) / (C+D)
6.52x

6.09x

7.78x

6.17x

4.06x


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