Exhibit 12
 STATEMENT REGARDING COMPUTATION OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS
 WHITNEY HOLDING CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS
 Years Ended December 31(dollars in thousands)
    
    2009
    
    
    2008
    
    
    2007
    
    
    2006
    
    
    2005Net income (loss)
    
    $
    (62,146
    )
    
    $
    58,585
    
    
    $
    151,054
    
    
    $
    144,645
    
    
    $
    102,349Income tax expense
    
    
    (49,866
    )
    
    
    19,138
    
    
    
    74,310
    
    
    
    69,164
    
    
    
    43,007Income (loss) before income taxes
    
    $
    (112,012
    )
    
    $
    77,723
    
    
    $
    225,364
    
    
    $
    213,809
    
    
    $
    145,356Fixed charges:Interest on short-term and other borrowings
    
    $
    12,521
    
    
    $
    28,625
    
    
    $
    33,314
    
    
    $
    23,085
    
    
    $
    16,534Interest within rent expense (1)
    
    
    3,745
    
    
    
    3,661
    
    
    
    3,262
    
    
    
    2,510
    
    
    
    1,714Fixed charges excluding interest on deposits
    
    
    16,266
    
    
    
    32,286
    
    
    
    367,576
    
    
    
    25,595
    
    
    
    18,248Interest on deposits
    
    
    63,345
    
    
    
    91,596
    
    
    
    163,000
    
    
    
    122,075
    
    
    
    64,452Fixed charges including interest on deposits
    
    $
    79,611
    
    
    $
    123,882
    
    
    $
    199,576
    
    
    $
    147,670
    
    
    $
    82,700Preferred dividends (2)
    
    $
    13,584
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Earnings (loss) for ratio computations:Excluding interest on deposits
    
    $
    (95,746
    )
    
    $
    51,424
    
    
    $
    261,940
    
    
    $
    239,404
    
    
    $
    163,604Including interest on deposits
    
    $
    (32,401
    )
    
    $
    143,020
    
    
    $
    424,940
    
    
    $
    361,479
    
    
    $
    228,056Ratio of earnings to fixed charges: (3)Excluding interest on deposits
    
    
    
    
    
    
    3.41
    
    
    
    7.16
    
    
    
    9.35
    
    
    
    8.97Including interest on deposits
    
    
    
    
    
    
    1.63
    
    
    
    2.13
    
    
    
    2.45
    
    
    
    2.76Ratio of earnings to fixed chargesand preferred dividends: (3)Excluding interest on deposits
    
    
    
    
    
    
    3.41
    
    
    
    7.16
    
    
    
    9.35
    
    
    
    8.97Including interest on deposits
    
    
    
    
    
    
    1.63
    
    
    
    2.13
    
    
    
    2.45
    
    
    
    2.76
 (1)
    
    Estimated to be one-third of rent expense.(2)
    
    The Series A Preferred Stock was issued on December 19, 2008, but no dividends were
declared or paid in 2008.(3)
    
    There were no earnings available to cover fixed charges and preferred stock dividends in
2009. Whitney needed
additional earnings of $112 million to cover fixed charges at a 1.0 ratio in 2009 and $126
million to cover fixed
charges and preferred dividends at a 1.0 ratio.