Exhibit 12.1
Home BancShares, Inc.
Computation of Ratios of Earnings to Fixed Charges
Three Months Ended March 31, | Year Ended December 31, | |||||||||||||||||||||||||||
Exhibit | 2016 | 2015 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Fixed Charges and Preferred Dividends | ||||||||||||||||||||||||||||
Interest expense | $ | 6,850 | $ | 4,481 | $ | 20,370 | $ | 17,557 | $ | 14,013 | $ | 19,761 | $ | 28,391 | ||||||||||||||
Capital debt expense Trust Preferred | 377 | 329 | 1,354 | 1,313 | 518 | 1,774 | 2,160 | |||||||||||||||||||||
Estimated interest in rent | 200 | 181 | 779 | 751 | 515 | 435 | 426 | |||||||||||||||||||||
Preferred dividends (E) | — | — | — | — | — | — | 1,285 | |||||||||||||||||||||
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Combined fixed charges and preferred dividends (B) | 7,427 | 4,991 | 22,503 | 19,621 | 15,046 | 21,970 | 32,262 | |||||||||||||||||||||
Less: interest on deposits | 3,634 | 3,258 | 12,971 | 12,796 | 9,744 | 14,989 | 22,968 | |||||||||||||||||||||
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Combined fixed charges and preferred dividends excluding interest on deposits (D) | $ | 3,793 | $ | 1,733 | $ | 9,532 | $ | 6,825 | $ | 5,302 | $ | 6,981 | $ | 9,294 | ||||||||||||||
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Earnings | ||||||||||||||||||||||||||||
Pre-tax income from continuing operations | $ | 66,169 | $ | 49,241 | $ | 218,491 | $ | 177,173 | $ | 104,473 | $ | 98,451 | $ | 84,342 | ||||||||||||||
Fixed charges and preferred dividends | 7,427 | 4,991 | 22,503 | 19,621 | 15,046 | 21,970 | 32,262 | |||||||||||||||||||||
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Total earnings (A) | 73,596 | 54,232 | 240,994 | 196,794 | 119,519 | 120,421 | 116,604 | |||||||||||||||||||||
Less: interest on deposits | 3,634 | 3,258 | 12,971 | 12,796 | 9,744 | 14,989 | 22,968 | |||||||||||||||||||||
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Total earnings excluding interest on deposits (C) | $ | 69,962 | $ | 50,974 | $ | 228,023 | $ | 183,998 | $ | 109,775 | $ | 105,432 | $ | 93,636 | ||||||||||||||
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Ratio of earnings to fixed charges | ||||||||||||||||||||||||||||
Ratio, including interest on deposits (A/(B-E)) | 9.91 | % | 10.87 | % | 10.71 | % | 10.03 | % | 7.94 | % | 5.48 | % | 3.76 | % | ||||||||||||||
Ratio, excluding interest on deposits (C/(D-E)) | 18.44 | 29.41 | 23.92 | 26.96 | 20.70 | 15.10 | 11.69 | |||||||||||||||||||||
Ratio of earnings to fixed charges & preferred dividends | ||||||||||||||||||||||||||||
Ratio, including interest on deposits (A/B) | 9.91 | % | 10.87 | % | 10.71 | % | 10.03 | % | 7.94 | % | 5.48 | % | 3.61 | % | ||||||||||||||
Ratio, excluding interest on deposits (C/D) | 18.44 | 29.41 | 23.92 | 26.96 | 20.70 | 15.10 | 10.07 |