Exhibit 12.2
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
Twelve Months Ended December 31,
 
 
2017
 
2016
 
2015
 
2014
 
2013
 
(dollar amounts in millions)
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
1,394

 
$
920

 
$
914

 
$
853

 
$
869

 
Add: Fixed charges, excluding interest on deposits and preferred stock dividends
275

 
181

 
100

 
71

 
57

 
Earnings available for fixed charges, excluding interest on deposits
1,669

 
1,101

 
1,014

 
924

 
926

 
Add: Interest on deposits
180

 
102

 
82

 
86

 
116

 
Earnings available for fixed charges, including interest on deposits
$
1,849

 
$
1,203

 
$
1,096

 
$
1,010

 
$
1,042

 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense, excluding interest on deposits
$
251

 
$
161

 
$
82

 
$
53

 
$
40

 
Interest factor in net rental expense
24

 
20

 
18

 
18

 
17

 
Preferred stock dividends
76

 
65

 
32

 
32

 
32

 
Total fixed charges, excluding interest on deposits
351


246


132


103


89

 
Add: Interest on deposits
180

 
102

 
82

 
86

 
116

 
Total fixed charges, including interest on deposits
$
531

 
$
348

 
$
214

 
$
189

 
$
205

 
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
 
 
 
 
 
 
 
 
 
 
Excluding interest on deposits
4.75

X
4.47

X
7.71

X
9.01

X
10.41

X
Including interest on deposits
3.48

X
3.45

X
5.13

X
5.34

X
5.08

X