COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Published on February 21, 1995
NATIONSBANK CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
Year Ended
December 31
9 Months
Ended
September 30, 1994 1993 1992
(Dollars in
Thousands)
Excluding Interest on Deposits
Income before taxes $1,966,768 $1,991,103 $1,396,213
Equity in undistributed earnings
of unconsolidated subsidiaries
(1,904) (4,756) (1,426)
Fixed charges:
Interest expense (including
capitalized interest) 1,997,090 1,420,800 915,880
Amortization of debt
discount and appropriate
issuance costs 6,368 6,377 3,000
1/3 of net rent expense 86,390 95,786 90,667
Total fixed charges 2,089,848 1,522,963 1,009,547
Earnings (excluding capitalized
interest) $4,054,713 $3,509,310 $2,398,329
Fixed charges $2,089,848 $1,522,963 $1,009,547
Ratio of Earnings to
Fixed Charges 1.94 2.30 2.38
Including Interest on Deposits
Income before taxes 1,966,768 1,991,103 1,396,213
Equity in undistributed
earnings of unconsolidated
subsidiaries (1,904) (4,756) (1,426)
Fixed charges:
Interest expense (including
capitalized interest) 3,693,877 3,570,079 3,687,650
Amortization of debt
discount and appropriate
issuance costs 6,368 6,377 3,000
1/3 of net rent expense 86,390 95,786 90,667
Total fixed charges 3,786,635 3,672,242 3,781,317
Earnings (excluding capitalized
interest) $5,751,500 $5,658,589 $5,170,099
Fixed charges $3,786,635 $3,672,242 $3,781,317
Ratio of Earnings to
Fixed Charges 1.52 1.54 1.37
1991 1990 1989
(Dollars
in Thousands)
Excluding Interest on Deposits
Income before taxes $108,524 $625,467 $1,287,306
Equity in undistributed
earnings of unconsolidated
subsidiaries (1,114) (668) (471)
Fixed charges:
Interest expense (including
capitalized interest) 1,290,755 1,851,513 1,691,394
Amortization of debt
discount and appropriate
issuance costs 2,093 2,872 2,863
1/3 of net rent expense 81,909 66,195 60,341
Total fixed charges 1,374,757 1,920,580 1,754,598
Earnings (excluding capitalized
interest) $1,470,621 $2,533,093 $3,033,954
Fixed charges $1,374,757 $1,920,580 $1,754,598
Ratio of Earnings to
Fixed Charges 1.07 1.32 1.73
Including Interest on Deposits
Income before taxes $108,524 $625,467 $1,287,306
Equity in undistributed
earnings of unconsolidated
subsidiaries (1,114) (668) (471)
Fixed charges:
Interest expense (including
capitalized interest) 5,611,057 6,683,262 6,286,088
Amortization of debt
discount and appropriate
issuance costs 2,093 2,872 2,863
1/3 of net rent expense 81,909 66,195 60,341
Total fixed charges 5,695,059 6,752,329 6,349,292
Earnings (excluding capitalized
interest) $5,790,923 $7,364,842 $7,628,648
Fixed charges $5,695,059 $6,752,329 $6,349,292
Ratio of Earnings to
Fixed Charges 1.02 1.09 1.20