EX-12.2 5 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,
 
 
2017
2016
2015
2014
2013
Income before income taxes
A
$
389,997

$
331,854

$
251,765

$
246,431

$
224,440

 
 
 
 
 
 
 
Interest expense:
 
 
 
 
 
 
Interest on deposits
 
$
83,326

$
58,409

$
48,863

$
48,411

$
53,191

Interest on other borrowings
C
31,066

31,855

28,072

24,281

26,891

Total interest expense
B
$
114,392

$
90,264

$
76,935

$
72,692

$
80,082



 
 
 
 
 
 
Dividends on preferred shares (1)
D
$
16,283

$
23,909

$
17,891

$
10,498

$
13,822

 
 
 
 
 
 
 
Ratio of earnings to fixed charges and preferred stock dividends:
 
 
 
 
 
 
Including deposit interest
(A+B) / (B+D)
3.86x

3.70x

3.47x

3.84x

3.24x

Excluding deposit interest
(A+C) / (C+D)
8.89x

6.52x

6.09x

7.78x

6.17x


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