EX-12.1 4 dex121.txt EXHIBIT 12.1 Exhibit 12.1 Capital One Financial Corporation Computation of Earnings to Fixed Charges Ratios For the Six Months Ended June 30, 2002 and 2001 and the Years Ended December 31, 2001, 2000, 1999, 1998 and 1997
Six Months Ended Year Ended June 30 December 31 --------------------- --------------------------------------------------------- 2002 2001 2001 2000 1999 1998 1997 --------------------- --------------------------------------------------------- Earnings: Income before income taxes (a) $ 646,987 $ 482,164 $1,035,420 757,474 $ 577,017 $ 443,921 $ 305,453 Fixed Charges: Interest expense 693,372 561,300 1,171,007 801,017 540,882 424,284 341,849 Amortization of debt discount - - - - - - - Rent representative of interest 6,789 9,356 19,260 33,407 11,107 10,095 9,430 Preferred stock dividends - - - - - - - --------------------- --------------------------------------------------------- Total fixed charges (b) 700,161 570,656 1,190,267 834,424 551,989 434,379 351,279 Less: Interest expense on deposits 381,275 302,440 640,470 324,008 137,792 67,479 41,932 --------------------- --------------------------------------------------------- Total fixed charges excluding interest on deposits (c) 318,886 288,216 549,797 510,416 414,197 366,900 309,347 Total fixed charges excluding preferred stock dividends (d) 700,161 570,656 1,190,267 834,424 551,989 434,379 351,279 Total fixed charges excluding interest on deposits and preferred stock dividends (e) $ 318,886 $ 268,216 $ 549,797 $ 510,416 $ 414,197 $ 366,900 $ 309,347 Earnings to fixed charges [(a)+(b)]/(b) 1.92 1.84 1.87 1.91 2.05 2.02 1.87 Earnings to fixed charges excluding deposits [(a)+(c)]/(c) 3.03 2.80 2.88 2.48 2.39 2.21 1.99 Earnings to fixed charges excluding preferred stock dividends [(a)+(d)]/(d) 1.92 1.84 1.87 1.91 2.05 2.02 1.87 Earnings to fixed charges excluding deposits and preferred stock dividends [(a)+(e)]/(e) 3.03 2.80 2.88 2.75 2.39 2.21 1.99