EXHIBIT 12.2 THE PNC FINANCIAL SERVICES GROUP, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Year ended December 31 Six months ended ------------------------------------------------------------------ Dollars in millions June 30, 2000 1999 1998 1997 1996 1995 - --------------------------------------------------------------- ----------- ----------- --------- --------- ----------- EARNINGS Income before taxes and cumulative effect of changes in accounting principles $955 $1,891 $1,710 $1,618 $1,527 $627 Fixed charges and preferred stock dividends excluding interest on deposits 700 1,265 1,395 1,201 1,106 1,492 --------------- ----------- ----------- ---------- ---------- ----------- Subtotal 1,655 3,156 3,105 2,819 2,633 2,119 Interest on deposits 766 1,369 1,471 1,457 1,428 1,552 --------------- ----------- ----------- ---------- ---------- ----------- Total $2,421 $4,525 $4,576 $4,276 $4,061 $3,671 =============== =========== =========== ========== ========== =========== FIXED CHARGES Interest on borrowed funds $626 $1,119 $1,268 $1,098 $1,065 $1,454 Interest component of rentals 26 50 37 29 31 32 Amortization of notes and debentures 1 1 1 1 1 Distributions on Mandatorily Redeemable Capital Securities of Subsidiary Trusts 33 65 60 43 1 Preferred stock dividend requirements 15 30 29 30 8 5 --------------- ----------- ----------- ---------- ---------- ----------- Subtotal 700 1,265 1,395 1,201 1,106 1,492 Interest on deposits 766 1,369 1,471 1,457 1,428 1,552 --------------- ----------- ----------- ---------- ---------- ----------- Total $1,466 $2,634 $2,866 $2,658 $2,534 $3,044 =============== =========== =========== ========== ========== =========== RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS Excluding interest on deposits 2.36x 2.49x 2.23x 2.35x 2.38x 1.42x Including interest on deposits 1.65 1.72 1.60 1.61 1.60 1.21 ====================================================================================================================================