Exhibit 12
BB&T Corporation
Earnings To Fixed Charges
	Year Ended December 31,
	2016			2015			2014		2013		2012
	(Dollars in millions)
Earnings:
Income before income taxes	$	3,500		$	2,917		$	3,127	$	3,283	$	2,945
Plus:
Fixed charges	843			819			843		967		1,130
Distributions from equity method investees	5			8			9		9		6
Less:
Capitalized interest	3			2			1		—		—
Income (loss) from equity method investees	(9		)	(3		)	—		9		3
Earnings	4,354			3,745			3,978		4,250		4,078
Less:
Interest on deposits	251			233			239		301		429
Earnings, excluding interest on deposits	$	4,103		$	3,512		$	3,739	$	3,949	$	3,649
Fixed charges:
Interest expense	$	745		$	735		$	768	$	891	$	1,060
Capitalized interest	3			2			1		—		—
Interest portion of rent expense	95			82			74		76		70
Total fixed charges	843			819			843		967		1,130
Less:
Interest on deposits	251			233			239		301		429
Total fixed charges, excluding interest on deposits	592			586			604		666		701
Dividends/accretion on preferred stock (1)	239			203			210		222		90
Total fixed charges and preferred dividends	$	1,082		$	1,022		$	1,053	$	1,189	$	1,220
Total fixed charges and preferred dividends, excluding interest on deposits	$	831		$	789		$	814	$	888	$	791
Earnings to fixed charges:
Including interest on deposits	5.16x			4.57x			4.72x		4.40x		3.61x
Excluding interest on deposits	6.93x			5.99x			6.19x		5.93x		5.21x
Earnings to fixed charges and preferred dividends:
Including interest on deposits	4.02x			3.66x			3.78x		3.57x		3.34x
Excluding interest on deposits	4.94x			4.45x			4.59x		4.45x		4.61x

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(1) Dividends on preferred stock have been grossed up by the effective tax rate for the period.