Exhibit 12.2
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
Twelve Months Ended December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
(dollar amounts in thousands of dollars)
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
Income before income taxes
$
913,605

 
$
852,985

 
$
868,756

 
$
833,581

 
$
718,928

Add: Fixed charges, excluding interest on deposits and preferred stock dividends
99,613

 
70,692

 
57,027

 
74,379

 
97,035

Earnings available for fixed charges, excluding interest on deposits
1,013,218

 
923,677

 
925,783

 
907,960

 
815,963

Add: Interest on deposits
82,174

 
86,453

 
116,241

 
162,167

 
260,051

Earnings available for fixed charges, including interest on deposits
$
1,095,392

 
$
1,010,130

 
$
1,042,024

 
$
1,070,127

 
$
1,076,014

Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense, excluding interest on deposits
$
81,610

 
$
52,868

 
$
39,788

 
$
57,572

 
$
81,004

Interest factor in net rental expense
18,003

 
17,824

 
17,239

 
16,807

 
16,031

Preferred stock dividends
31,873

 
31,854

 
31,869

 
31,989

 
30,813

Total fixed charges, excluding interest on deposits
131,486


102,546


88,896


106,368


127,848

Add: Interest on deposits
82,174

 
86,453

 
116,241

 
162,167

 
260,051

Total fixed charges, including interest on deposits
$
213,660

 
$
188,999

 
$
205,137

 
$
268,535

 
$
387,899

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
 
 
 
 
 
 
 
 
 
Excluding interest on deposits
7.71

X
9.01

X
10.41

X
8.54

X
6.38

Including interest on deposits
5.13

X
5.34

X
5.08

X
3.99

X
2.77