Exhibit 12.1
Home BancShares, Inc.
Computation of Ratios of Earnings to Fixed Charges
Year Ended December 31, | ||||||||||||||||||||
Exhibit | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
Fixed Charges and Preferred Dividends | ||||||||||||||||||||
Interest expense | $ | 17,557 | $ | 14,013 | $ | 19,761 | $ | 28,391 | $ | 32,373 | ||||||||||
Capital debt expense Trust Preferred | 1,313 | 518 | 1,774 | 2,160 | 2,335 | |||||||||||||||
Estimated interest in rent | 751 | 515 | 435 | 426 | 395 | |||||||||||||||
Preferred dividends (E) | — | — | — | 1,285 | 2,500 | |||||||||||||||
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Combined fixed charges and preferred dividends (B) | 19,621 | 15,046 | 21,970 | 32,262 | 37,603 | |||||||||||||||
Less: interest on deposits | 12,796 | 9,744 | 14,989 | 22,968 | 24,302 | |||||||||||||||
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Combined fixed charges and preferred dvidends excluding interest on deposits (D) | $ | 6,825 | $ | 5,302 | $ | 6,981 | $ | 9,294 | $ | 13,301 | ||||||||||
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Earnings | ||||||||||||||||||||
Pre-tax income from continuing operations | $ | 177,173 | $ | 104,473 | $ | 98,451 | $ | 84,342 | $ | 23,612 | ||||||||||
Fixed charges and preferred dividends | 19,621 | 15,046 | 21,970 | 32,262 | 37,603 | |||||||||||||||
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Total earnings (A) | 196,794 | 119,519 | 120,421 | 116,604 | 61,215 | |||||||||||||||
Less: interest on deposits | 12,796 | 9,744 | 14,989 | 22,968 | 24,302 | |||||||||||||||
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Total earnings excluding interest on deposits (C) | $ | 183,998 | $ | 109,775 | $ | 105,432 | $ | 93,636 | $ | 36,913 | ||||||||||
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Ratio of earnings to fixed charges | ||||||||||||||||||||
Ratio, including interest on deposits (A/(B-E)) | 10.03 | % | 7.94 | % | 5.48 | % | 3.76 | % | 1.74 | % | ||||||||||
Ratio, excluding interest on deposits (C/(D-E)) | 26.96 | 20.70 | 15.10 | 11.69 | 3.42 | |||||||||||||||
Ratio of earnings to fixed charges & preferred dividends | ||||||||||||||||||||
Ratio, including interest on deposits (A/B) | 10.03 | % | 7.94 | % | 5.48 | % | 3.61 | % | 1.63 | % | ||||||||||
Ratio, excluding interest on deposits (C/D) | 26.96 | 20.70 | 15.10 | 10.07 | 2.78 |