EX-12.2 5 j9348001ex12-2.txt COMPUTATION OF RATIO OF EARNINGS EXHIBIT 12.2 THE PNC FINANCIAL SERVICES GROUP, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Year ended December 31 -------------------------------------------------------------- Dollars in millions 2001 2000 1999 1998 1997 ----------------------------------------------------- ------ ------ ------ ------ ------ EARNINGS Income from continuing operations before taxes $564 $1,848 $1,788 $1,651 $1,595 Fixed charges and preferred stock dividends excluding interest on deposits 783 1,063 1,010 1,188 1,110 ------ ------ ------ ------ ------ Subtotal 1,347 2,911 2,798 2,839 2,705 Interest on deposits 1,229 1,653 1,369 1,471 1,457 ------ ------ ------ ------ ------ Total $2,576 $4,564 $4,167 $4,310 $4,162 ====== ====== ====== ====== ====== FIXED CHARGES Interest on borrowed funds $646 $915 $870 $1,065 $1,010 Interest component of rentals 53 50 44 33 26 Amortization of notes and debentures 1 1 1 1 1 Distributions on Mandatorily Redeemable Capital Securities of Subsidiary Trusts 63 67 65 60 43 Preferred stock dividend requirements 20 30 30 29 30 ------ ------ ------ ------ ------ Subtotal 783 1,063 1,010 1,188 1,110 Interest on deposits 1,229 1,653 1,369 1,471 1,457 ------ ------ ------ ------ ------ Total $2,012 $2,716 $2,379 $2,659 $2,567 ====== ====== ====== ====== ====== RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS Excluding interest on deposits 1.72 x 2.74 x 2.77 x 2.39 x 2.44 x Including interest on deposits 1.28 1.68 1.75 1.62 1.62 =================================================================================================================================