Exhibit 12.1
Home BancShares, Inc.
Computation of Ratios of Earnings to Fixed Charges
Three Months Ended | ||||||||||||||||||||||||||||
March 31, | Year Ended December 31, | |||||||||||||||||||||||||||
Exhibit | 2014 | 2013 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Fixed Charges and Preferred Dividends | ||||||||||||||||||||||||||||
Interest expense | $ | 4,512 | $ | 3,569 | $ | 14,013 | $ | 19,761 | $ | 28,391 | $ | 32,373 | $ | 37,391 | ||||||||||||||
Capital debt expense Trust Preferred | 328 | 230 | 518 | 1,774 | 2,160 | 2,335 | 2,552 | |||||||||||||||||||||
Estimated interest in rent | 187 | 108 | 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) | 5,027 | 3,907 | 15,046 | 21,970 | 32,262 | 37,603 | 42,656 | |||||||||||||||||||||
Less: interest on deposits | 3,384 | 2,485 | 9,744 | 14,989 | 22,968 | 24,302 | 27,442 | |||||||||||||||||||||
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Combined fixed charges and preferred dividends excluding interest on deposits (D) | $ | 1,643 | $ | 1,422 | $ | 5,302 | $ | 6,981 | $ | 9,294 | $ | 13,301 | $ | 15,214 | ||||||||||||||
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Earnings | ||||||||||||||||||||||||||||
Pre-tax income from continuing operations | $ | 42,886 | $ | 27,511 | $ | 104,473 | $ | 98,451 | $ | 84,342 | $ | 23,612 | $ | 38,936 | ||||||||||||||
Fixed charges and preferred dividends | 5,027 | 3,907 | 15,046 | 21,970 | 32,262 | 37,603 | 42,656 | |||||||||||||||||||||
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Total earnings (A) | 47,913 | 31,418 | 119,519 | 120,421 | 116,604 | 61,215 | 81,592 | |||||||||||||||||||||
Less: interest on deposits | 3,384 | 2,485 | 9,744 | 14,989 | 22,968 | 24,302 | 27,442 | |||||||||||||||||||||
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Total earnings excluding interest on deposits (C) | $ | 44,529 | $ | 28,933 | $ | 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)) | 9.53 | % | 8.04 | % | 7.94 | % | 5.48 | % | 3.76 | % | 1.74 | % | 2.03 | % | ||||||||||||||
Ratio, excluding interest on deposits (C/(D-E)) | 27.11 | 20.35 | 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) | 9.53 | % | 8.04 | % | 7.94 | % | 5.48 | % | 3.61 | % | 1.63 | % | 1.91 | % | ||||||||||||||
Ratio, excluding interest on deposits (C/D) | 27.11 | 20.35 | 20.70 | 15.10 | 10.07 | 2.78 | 3.56 |