EX-12.2 3 d897345dex122.htm EX-12.2 EX-12.2

EXHIBIT 12.2

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends (1)

 

           Year Ended December 31  
Dollars in millions    Three
Months
Ended
March 31,
2015
    2014     2013     2012     2011     2010  

Earnings

            

Pretax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees

   $ 1,197      $ 4,993      $ 5,148      $ 3,594      $ 3,785      $ 3,680   

Add:

            

Distributed income of equity investees

     77        275        242        216        198        167   

Fixed charges and preferred stock dividends excluding interest on deposits

     299        1,091        1,028        1,125        1,037        1,316   

Less:

            

Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges

     18        96        112        137        154        148   

Interest capitalized

       1              1   

Preferred stock dividend requirements

     106        357        364        272        86        224   

Earnings excluding interest on deposits

     1,449        5,905        5,942        4,526        4,780        4,790   

Interest on deposits

     92        325        344        386        668        963   

Total earnings

   $ 1,541      $ 6,230      $ 6,286      $ 4,912      $ 5,448      $ 5,753   

Fixed charges and preferred stock dividends

            

Interest on borrowed funds

   $ 155      $ 581      $ 516      $ 696      $ 791      $ 918   

Interest component of rentals

     38        152        148        145        125        134   

Amortization of notes and debentures

           12        35        39   

Interest capitalized

       1              1   

Preferred stock dividend requirements

     106        357        364        272        86        224   

Fixed charges and preferred stock dividends excluding interest on deposits

     299        1,091        1,028        1,125        1,037        1,316   

Interest on deposits

     92        325        344        386        668        963   

Total fixed charges and preferred stock dividends

   $ 391      $ 1,416      $ 1,372      $ 1,511      $ 1,705      $ 2,279   

Ratio of earnings to fixed charges and preferred stock dividends

            

Excluding interest on deposits

     4.85     5.41     5.78     4.02     4.61     3.64

Including interest on deposits

     3.94        4.40        4.58        3.25        3.20        2.52   

 

(1) As defined in Item 503(d) of Regulation S-K.