Exhibit 12.1
Home BancShares, Inc.
Computation of Ratios of Earnings to Fixed Charges
Year Ended December 31, | ||||||||||||||||||||
Exhibit | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||
(In thousands, except ratio’s) | ||||||||||||||||||||
Fixed Charges and Preferred Dividends | ||||||||||||||||||||
Interest expense | 14,013 | 19,761 | 28,391 | 32,373 | 37,391 | |||||||||||||||
Capital debt expense Trust Preferred | 518 | 1,774 | 2,160 | 2,335 | 2,552 | |||||||||||||||
Estimated interest in rent | 515 | 435 | 426 | 395 | 318 | |||||||||||||||
Preferred dividends (E) | — | — | 1,285 | 2,500 | 2,395 | |||||||||||||||
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Combined fixed charges and preferred dividends (B) | 15,046 | 21,970 | 32,262 | 37,603 | 42,656 | |||||||||||||||
Less: interest on deposits | 9,744 | 14,989 | 22,968 | 24,302 | 27,442 | |||||||||||||||
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Combined fixed charges and preferred dvidends excluding interest on | 5,302 | 6,981 | 9,294 | 13,301 | 15,214 | |||||||||||||||
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Earnings | ||||||||||||||||||||
Pre-tax income from continuing operations | 104,473 | 98,451 | 84,342 | 23,612 | 38,936 | |||||||||||||||
Fixed charges and preferred dividends | 15,046 | 21,970 | 32,262 | 37,603 | 42,656 | |||||||||||||||
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Total earnings (A) | 119,519 | 120,421 | 116,604 | 61,215 | 81,592 | |||||||||||||||
Less: interest on deposits | 9,744 | 14,989 | 22,968 | 24,302 | 27,442 | |||||||||||||||
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Total earnings excluding interest on deposits (C) | 109,775 | 105,432 | 93,636 | 36,913 | 54,150 | |||||||||||||||
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Ratio of earnings to fixed charges | ||||||||||||||||||||
Ratio, including interest on deposits (A/(B-E)) | 7.94 | 5.48 | 3.76 | 1.74 | 2.03 | |||||||||||||||
Ratio, excluding interest on deposits (C/(D-E)) | 20.70 | 15.10 | 11.69 | 3.42 | 4.22 | |||||||||||||||
Ratio of earnings to fixed charges & preferred dividends | ||||||||||||||||||||
Ratio, including interest on deposits (A/B) | 7.94 | 5.48 | 3.61 | 1.63 | 1.91 | |||||||||||||||
Ratio, excluding interest on deposits (C/D) | 20.70 | 15.10 | 10.07 | 2.78 | 3.56 |