EXHIBIT 12.2 PNC BANK CORP. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Six Year ended December 31 months ended ----------------------------------------------------------- Dollars in millions June 30, 1999 1998 1997 1996 1995 1994 - ------------------------------------------ ------------ ---------- ----------- ----------- ---------- ---------- EARNINGS Income before taxes and cumulative effect of changes in accounting principles $ 967 $ 1,710 $ 1,618 $ 1,527 $ 627 $ 1,209 Fixed charges and preferred stock dividends excluding interest on deposits 617 1,395 1,201 1,106 1,492 1,112 ------- ------- ------- ------- ------- ------- Subtotal 1,584 3,105 2,819 2,633 2,119 2,321 Interest on deposits 684 1,471 1,457 1,428 1,552 1,160 ------- ------- ------- ------- ------- ------- Total $ 2,268 $ 4,576 $ 4,276 $ 4,061 $ 3,671 $ 3,481 ======= ======= ======= ======= ======= ======= FIXED CHARGES Interest on borrowed funds $ 545 $ 1,267 $ 1,098 $ 1,065 $ 1,454 $ 1,071 Interest component of rentals 25 37 29 31 32 32 Amortization of notes and debentures 2 1 1 1 1 Distributions on Mandatorily Redeemable Capital Securities of Subsidiary Trusts 32 60 43 1 Preferred stock dividend requirements 15 29 30 8 5 8 ------- ------- ------- ------- ------- ------- Subtotal 617 1,395 1,201 1,106 1,492 1,112 Interest on deposits 684 1,471 1,457 1,428 1,552 1,160 ------- ------- ------- ------- ------- ------- Total $ 1,301 $ 2,866 $ 2,658 $ 2,534 $ 3,044 $ 2,272 ======= ======= ======= ======= ======= ======= RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS Excluding interest on deposits 2.57 x 2.23 x 2.35 x 2.38 x 1.42 x 2.09 x Including interest on deposits 1.74 1.60 1.61 1.60 1.21 1.53 ======================================================================================================================