Exhibit 12(b) NationsBank Corporation and Subsidiaries Ratio of Earnings to Fixed Charges and Preferred Dividends (Dollars in Millions)
Year Ended December 31 1995 1994 1993 1992 1991 Excluding Interest on Deposits Income before taxes .............................. $ 2,991 $ 2,555 $ 1,991 $ 1,396 $ 109 Equity in undistributed earnings of unconsolidated subsidiaries ................. (7) (3) (5) (1) (1) Fixed charges: Interest expense (including capitalized interest) ..................... 4,480 2,896 1,421 916 1,291 Amortization of debt discount and appropriate issuance costs ................ 12 8 6 3 2 1/3 of net rent expense ..................... 125 114 96 91 82 Total fixed charges ...................... 4,617 3,018 1,523 1,010 1,375 Preferred dividend requirements .................. 13 15 16 29 31 Earnings (excluding capitalized interest) ........ $ 7,601 $ 5,570 $ 3,509 $ 2,398 $ 1,471 Fixed charges .................................... $ 4,630 $ 3,033 $ 1,539 $ 1,039 $ 1,406 Ratio of Earnings to Fixed Charges ............... 1.64 1.84 2.28 2.31 1.05 Including Interest on Deposits Income before taxes .............................. $ 2,991 $ 2,555 $ 1,991 $ 1,396 $ 109 Equity in undistributed earnings of unconsolidated subsidiaries ................. (7) (3) (5) (1) (1) Fixed charges: Interest expense (including capitalized interest) .......................... 7,761 5,310 3,570 3,688 5,611 Amortization of debt discount and appropriate issuance costs ..................... 12 8 6 3 2 1/3 of net rent expense .......................... 125 114 96 91 82 Total fixed charges ...................... 7,898 5,432 3,672 3,782 5,695 Preferred dividend requirements .................. 13 15 16 29 31 Earnings (excluding capitalized interest) ........ $ 10,882 $ 7,984 $ 5,658 $ 5,170 $ 5,791 Fixed charges .................................... $ 7,911 $ 5,447 $ 3,688 $ 3,811 $ 5,726 Ratio of Earnings to Fixed Charges ............... 1.38 1.47 1.53 1.36 1.01