Exhibit 12.1
Home BancShares, Inc
Computation of Ratios of Earnings to Fixed Charges
Year Ended December 31, | ||||||||||||||||||||
Exhibit | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||
(In thousands, except ratio’s) | ||||||||||||||||||||
Fixed Charges and Preferred Dividends | ||||||||||||||||||||
Interest expense | 19,761 | 28,391 | 32,373 | 37,391 | 56,552 | |||||||||||||||
Capital debt expense Trust Preferred | 1,774 | 2,160 | 2,335 | 2,552 | 3,114 | |||||||||||||||
Estimated interest in rent | 435 | 426 | 395 | 318 | 332 | |||||||||||||||
Preferred dividends (E) | — | 1,285 | 2,500 | 2,395 | — | |||||||||||||||
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Combined fixed charges and preferred dividends (B) | 21,970 | 32,262 | 37,603 | 42,656 | 59,998 | |||||||||||||||
Less: interest on deposits | 14,989 | 22,968 | 24,302 | 27,442 | 45,593 | |||||||||||||||
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Combined fixed charges and preferred dividends excluding interest on | 6,981 | 9,294 | 13,301 | 15,214 | 14,405 | |||||||||||||||
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Earnings | ||||||||||||||||||||
Pre-tax income from continuing operations | 98,451 | 84,342 | 23,612 | 38,936 | 12,036 | |||||||||||||||
Fixed charges and preferred dividends | 21,970 | 32,262 | 37,603 | 42,656 | 59,998 | |||||||||||||||
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Total earnings (A) | 120,421 | 116,604 | 61,215 | 81,592 | 72,034 | |||||||||||||||
Less: interest on deposits | 14,989 | 22,968 | 24,302 | 27,442 | 45,593 | |||||||||||||||
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Total earnings excluding interest on deposits (C) | 105,432 | 93,636 | 36,913 | 54,150 | 26,441 | |||||||||||||||
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Ratio of earnings to fixed charges | ||||||||||||||||||||
Ratio, including interest on deposits (A/(B-E)) | 5.48 | 3.76 | 1.74 | 2.03 | 1.20 | |||||||||||||||
Ratio, excluding interest on deposits (C/(D-E)) | 15.10 | 11.69 | 3.42 | 4.22 | 1.84 | |||||||||||||||
Ratio of earnings to fixed charges & preferred dividends | ||||||||||||||||||||
Ratio, including interest on deposits (A/B) | 5.48 | 3.61 | 1.63 | 1.91 | 1.20 | |||||||||||||||
Ratio, excluding interest on deposits (C/D) | 15.10 | 10.07 | 2.78 | 3.56 | 1.84 |