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Exhibit 12.1

 

International Bancshares Corporation

Ratios of Earnings to Fixed Charges and Preferred Dividends

S-3 filing

 

 

 

September 30, 2008

 

December 31, 2007

 

December 31, 2006

 

December 31, 2005

 

December 31, 2004

 

December 31, 2003

 

 

 

dollars in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-Tax earnings before minority Interest

 

153,362

 

177,076

 

173,930

 

212,149

 

176,912

 

182,554

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Interest

 

73,928

 

136,542

 

156,067

 

106,660

 

50,146

 

43,544

 

Net rent (1/3)

 

2,698

 

3,394

 

2,609

 

2,557

 

2,008

 

1,641

 

Excluding interest on deposits

 

76,626

 

139,936

 

158,676

 

109,217

 

52,154

 

45,185

 

Interest on deposits

 

107,969

 

196,798

 

163,521

 

100,170

 

58,456

 

51,181

 

Including interest on deposits

 

184,595

 

336,734

 

322,197

 

209,387

 

110,610

 

96,366

 

Total earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

Including interest on deposits

 

337,957

 

513,810

 

496,127

 

421,536

 

287,522

 

278,920

 

Excluding interest on deposits

 

229,988

 

317,012

 

332,606

 

321,366

 

229,066

 

227,739

 

Ratio of Earnings to Combined Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Including interest on deposits

 

1.8

 

1.5

 

1.5

 

2.0

 

2.6

 

2.9

 

Excluding interest on deposits

 

3.0

 

2.3

 

2.1

 

2.9

 

4.4

 

5.0