Exhibit 12
Earnings To Fixed Charges
BB&T Corporation
	Year Ended December 31,
(Dollars in millions)	2017			2016			2015			2014		2013
Earnings:
Income before income taxes	$	3,326		$	3,500		$	2,917		$	3,127	$	3,283
Plus:
Fixed charges	921			843			819			843		967
Distributions from equity method investees	3			5			8			9		9
Less:
Capitalized interest	2			3			2			1		—
Income (loss) from equity method investees	(11		)	(9		)	(3		)	—		9
Earnings	4,259			4,354			3,745			3,978		4,250
Less:
Interest on deposits	344			251			233			239		301
Earnings, excluding interest on deposits	$	3,915		$	4,103		$	3,512		$	3,739	$	3,949
Fixed charges:
Interest expense	$	839		$	745		$	735		$	768	$	891
Capitalized interest	2			3			2			1		—
Interest portion of rent expense	80			95			82			74		76
Total fixed charges	921			843			819			843		967
Less:
Interest on deposits	344			251			233			239		301
Total fixed charges, excluding interest on deposits	577			592			586			604		666
Dividends/accretion on preferred stock (1)	240			239			203			210		222
Total fixed charges and preferred dividends	$	1,161		$	1,082		$	1,022		$	1,053	$	1,189
Total fixed charges and preferred dividends, excluding interest on deposits	$	817		$	831		$	789		$	814	$	888
Earnings to fixed charges:
Including interest on deposits	4.62x			5.16x			4.57x			4.72x		4.40x
Excluding interest on deposits	6.79x			6.93x			5.99x			6.19x		5.93x
Earnings to fixed charges and preferred dividends:
Including interest on deposits	3.67x			4.02x			3.66x			3.78x		3.57x
Excluding interest on deposits	4.79x			4.94x			4.45x			4.59x		4.45x

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