EX-12 3 exhibit12.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS EXHIBIT 12

EXHIBIT 12

STATEMENT RE COMPUTATION OF RATIOS

ASSOCIATED BANC-CORP

Computation of the Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

($ in Thousands)

 

Years Ended December 31,

 

2017

 

2016

 

2015

 

2014

 

2013

Ratio Including Interest on Deposits:

 

 

 

 

 

 

 

 

 

Income before income taxes

$338,767

 

$287,596

 

$269,788

 

$276,045

 

$267,893

Interest expense – including interest on deposits

145,385

 

84,295

 

77,384

 

55,778

 

63,440

Estimated interest component of net rental expense

2,033

 

2,782

 

4,243

 

3,696

 

4,274

Earnings

$486,185

 

$374,673

 

$351,415

 

$335,519

 

$335,607

Interest expense – including interest on deposits

$145,385

 

$  84,295

 

$  77,384

 

$  55,778

 

$  63,440

Estimated interest component of net rental expense

2,033

 

2,782

 

4,243

 

3,696

 

4,274

Fixed charges

147,418

 

87,077

 

81,627

 

59,474

 

67,714

 


 


 


 


 


Preferred stock dividends

9,347

 

8,903

 

7,155

 

5,002

 

5,158

Fixed charges and preferred stock dividends

$156,765

 

$  95,980

 

$  88,782

 

$  64,476

 

$  72,872

 


 


 


 


 


Ratio of Earnings to Fixed Charges – Including Interest on Deposits

3.30

 

4.30

 

4.31

 

5.64

 

4.96

Ratio of Earnings to Fixed Charges & Preferred Stock Dividends – Including Interest on Deposits

3.10

 

3.90

 

3.96

 

5.20

 

4.61

 


 


 


 


 


Ratio Excluding Interest on Deposits:


 


 


 


 


Income before income taxes

$338,767

 

$287,596

 

$269,788

 

$276,045

 

$267,893

Interest expense – excluding interest on deposits

51,360

 

33,960

 

44,259

 

29,484

 

32,173

Estimated interest component of net rental expense

2,033

 

2,782

 

4,243

 

3,696

 

4,274

Earnings

$392,160

 

$324,338

 

$318,290

 

$309,225

 

$304,340

Interest expense – excluding interest on deposits

$  51,360

 

$  33,960

 

$  44,259

 

$  29,484

 

$  32,173

Estimated interest component of net rental expense

2,033

 

2,782

 

4,243

 

3,696

 

4,274

Fixed charges

53,393

 

36,742

 

48,502

 

33,180

 

36,447

 


 


 


 


 


Preferred stock dividends

9,347

 

8,903

 

7,155

 

5,002

 

5,158

Fixed charges and preferred stock dividends

$  62,740

 

$  45,645


$  55,657

 

$  38,182

 

$  41,605

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges – Excluding Interest on Deposits

7.34

 

8.83

 

6.56

 

9.32

 

8.35

Ratio of Earnings to Fixed Charges & Preferred Stock Dividends – Excluding Interest on Deposits

6.25

 

7.11

 

5.72

 

8.10

 

7.31