EXHIBIT 12.2
The PNC Financial Services Group, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends (1)
| Year Ended December 31 | ||||||||||||||||||||||||
| Dollars in millions | Nine months ended September 30, 2013 |
2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
| Earnings |
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| Pretax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees |
$ | 3,525 | $ | 3,189 | $ | 3,785 | $ | 3,680 | $ | 3,135 | $ | 946 | ||||||||||||
| Add: |
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| Distributed income of equity investees |
181 | 216 | 198 | 167 | 171 | 157 | ||||||||||||||||||
| Fixed charges and preferred stock dividends excluding interest on deposits |
784 | 1,125 | 1,037 | 1,316 | 1,993 | 1,059 | ||||||||||||||||||
| Less: |
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| Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges |
86 | 137 | 154 | 148 | 126 | 122 | ||||||||||||||||||
| Interest capitalized |
1 | 3 | ||||||||||||||||||||||
| Preferred stock dividend requirements |
289 | 272 | 86 | 224 | 597 | 33 | ||||||||||||||||||
| Earnings excluding interest on deposits |
4,115 | 4,121 | 4,780 | 4,790 | 4,573 | 2,007 | ||||||||||||||||||
| Interest on deposits |
263 | 386 | 668 | 963 | 1,741 | 1,485 | ||||||||||||||||||
| Total earnings |
$ | 4,378 | $ | 4,507 | $ | 5,448 | $ | 5,753 | $ | 6,314 | $ | 3,492 | ||||||||||||
| Fixed charges and preferred stock dividends |
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| Interest on borrowed funds |
$ | 384 | $ | 696 | $ | 791 | $ | 918 | $ | 1,225 | $ | 961 | ||||||||||||
| Interest component of rentals |
111 | 145 | 125 | 134 | 131 | 64 | ||||||||||||||||||
| Amortization of notes and debentures |
12 | 35 | 39 | 37 | 1 | |||||||||||||||||||
| Interest capitalized |
1 | 3 | ||||||||||||||||||||||
| Preferred stock dividend requirements |
289 | 272 | 86 | 224 | 597 | 33 | ||||||||||||||||||
| Fixed charges and preferred stock dividends excluding interest on deposits |
784 | 1,125 | 1,037 | 1,316 | 1,993 | 1,059 | ||||||||||||||||||
| Interest on deposits |
263 | 386 | 668 | 963 | 1,741 | 1,485 | ||||||||||||||||||
| Total fixed charges and preferred stock dividends |
$ | 1,047 | $ | 1,511 | $ | 1,705 | $ | 2,279 | $ | 3,734 | $ | 2,544 | ||||||||||||
| Ratio of earnings to fixed charges and preferred stock dividends |
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| Excluding interest on deposits |
5.25 | x | 3.66 | x | 4.61 | x | 3.64 | x | 2.29 | x | 1.90 | x | ||||||||||||
| Including interest on deposits |
4.18 | 2.98 | 3.20 | 2.52 | 1.69 | 1.37 | ||||||||||||||||||
| (1) | As defined in Item 503(d) of Regulation S-K. |