FB Financial (FBK) S-3 Shelf registration

Exhibit 12.1

FB Financial Corporation

Computation of Ratio of Earnings to Fixed Charges

(in thousands)

	For the
	Six months ended		For the Years Ended December 31,
	June 30, 2017		2016		2015		2014		2013		2012
EXCLUDING INTEREST ON DEPOSITS:
Fixed Charges:
Interest expense (excluding interest on deposits)	$	1,068	$	2,202	$	2,618	$	2,789	$	3,052	$	7,071
Estimated interest included within rental expense		414		799		767		631		601		537
Total Fixed Charges	$	1,482	$	3,001	$	3,385	$	3,420	$	3,653	$	7,608
Earnings:
Income before provision for income taxes	$	32,991	$	62,324	$	50,824	$	34,731	$	28,797	$	21,974
Fixed charges		1,482		3,001		3,385		3,420		3,653		7,608
Total Earnings	$	34,473	$	65,325	$	54,209	$	38,151	$	32,450	$	29,582
Ratio of Earnings to Fixed Charges (excluding deposit expense)		23.3		21.8		16.0		11.2		8.9		3.9
INCLUDING INTEREST ON DEPOSITS:
Fixed Charges:
Interest expense (including interest on deposits)		5,489		9,544		8,910		9,513		11,606		20,986
Estimated interest included within rental expense		414		799		767		631		601		537
Total Fixed Charges		5,903		10,343		9,677		10,144		12,207		21,523
Earnings:
Income before provision for income taxes		32,991		62,324		50,824		34,731		28,797		21,974
Fixed charges		5,903		10,343		9,677		10,144		12,207		21,523
Total Earnings		38,894		72,667		60,501		44,875		41,004		43,497
Ratio of Earnings to Fixed Charges (with deposit expense)		6.6		7.0		6.3		4.4		3.4		2.0