EX-12.1 4 g75593ex12-1.txt STATEMENT SETTING FORTH COMPUTATION OF RATIOS EXHIBIT 12.1 COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES SUNTRUST BANKS, INC. Ratio of Earnings to Fixed Charges (In thousands)
Year Ended December 31, ---------------------------------------------------------------------- 2001 2000 1999 1998 1997 ---------------------------------------------------------------------- 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 Fixed charges ........................... 3,065,973 3,775,173 2,852,180 2,784,251 2,489,432 ---------------------------------------------------------------------- Total ................................. $5,085,693 $5,694,729 $4,547,837 $4,282,557 $3,989,031 ====================================================================== Fixed charges: Interest on deposits .................... $1,812,385 $2,452,919 $1,626,132 $1,644,229 $1,627,417 Interest on funds purchased ............. 412,218 651,235 749,561 634,086 461,724 Interest on other short-term borrowings . 63,359 97,903 79,521 127,800 133,814 Interest on long-term debt .............. 739,012 534,924 359,538 340,664 230,509 Portion of rents representative of the interest factor (1/3) of rental expense 38,999 38,192 37,428 37,472 35,968 ---------------------------------------------------------------------- Total ............................... $3,065,973 $3,775,173 $2,852,180 $2,784,251 $2,489,432 ====================================================================== Earnings to fixed charges ................. 1.66x 1.51x 1.59x 1.54x 1.60x 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 Fixed charges ........................... 1,253,588 1,322,254 1,226,048 1,140,022 862,015 ---------------------------------------------------------------------- Total ................................. $3,273,308 $3,241,810 $2,921,705 $2,638,328 $2,361,614 ====================================================================== Fixed charges: Interest on funds purchased ............. $ 412,218 $ 651,235 $ 749,561 $ 634,086 $ 461,724 Interest on other short-term borrowings . 63,359 97,903 79,521 127,800 133,814 Interest on long-term debt .............. 739,012 534,924 359,538 340,664 230,509 Portion of rents representative of the interest factor (1/3) of rental expense 38,999 38,192 37,428 37,472 35,968 ---------------------------------------------------------------------- Total ............................... $1,253,588 $1,322,254 $1,226,048 $1,140,022 $ 862,015 ====================================================================== Earnings to fixed charges ................. 2.61x 2.45x 2.38x 2.31x 2.74x