EX-12.1 9 dex121.txt EXHIBIT 12.1 Exhibit 12.1 SunTrust Banks, Inc. Ratio of Earnings to Fixed Charges (In thousands)
Year Ended December 31 -------------------------------------------------------------------------------------- 2001 2000 1999 1998 1997 1996 -------------------------------------------------------------------------------------- Ratio 1 - including deposit interest Earnings: Income before income taxes and extraordinary gain $2,019,720 $1,919,556 $1,695,657 $1,498,306 $1,499,599 $1,265,942 Fixed charges 3,065,973 3,775,173 2,852,180 2,784,251 2,489,432 2,193,744 -------------------------------------------------------------------------------------- Total $5,085,693 $5,694,729 $4,547,837 $4,282,557 $3,989,031 $3,459,686 ====================================================================================== Fixed charges: Interest on deposits $ 1,812,385 $ 2,452,919 $ 1,626,132 $ 1,644,229 $ 1,627,417 $ 1,585,707 Interest on funds purchased 412,218 651,235 749,561 634,086 461,724 356,879 Interest on other short-term borrowings 63,359 97,903 79,521 127,800 133,814 81,683 Interest on long-term debt 739,012 534,924 359,538 340,664 230,509 134,530 Portion of rents representative of the interest factor (1/3) of rental expense 38,999 38,192 37,428 37,472 35,968 34,945 -------------------------------------------------------------------------------------- Total $ 3,065,973 $ 3,775,173 $ 2,852,180 $ 2,784,251 $ 2,489,432 $ 2,193,744 ====================================================================================== Earnings to fixed charges 1.66 x 1.51 x 1.59 x 1.54 x 1.60 x 1.58 x Ratio 2 - excluding deposit interest Earnings: Income before income taxes and extraordinary gain $2,019,720 $1,919,556 $1,695,657 $1,498,306 $1,499,599 $1,265,942 Fixed charges 1,253,588 1,322,254 1,226,048 1,140,022 862,015 608,037 -------------------------------------------------------------------------------------- Total $3,273,308 $3,241,810 $2,921,705 $2,638,328 $2,361,614 $1,873,979 ====================================================================================== Fixed charges: Interest on funds purchased $ 412,218 $ 651,235 $ 749,561 $ 634,086 $ 461,724 $ 356,879 Interest on other short-term borrowings 63,359 97,903 79,521 127,800 133,814 81,683 Interest on long-term debt 739,012 534,924 359,538 340,664 230,509 134,530 Portion of rents representative of the interest factor (1/3) of rental expense 38,999 38,192 37,428 37,472 35,968 34,945 -------------------------------------------------------------------------------------- Total $ 1,253,588 $ 1,322,254 $ 1,226,048 $ 1,140,022 $ 862,015 $ 608,037 ====================================================================================== Earnings to fixed charges 2.61 x 2.45 x 2.38 x 2.31 x 2.74 x 3.08 x