Simmons First National (SFNC) 10-Q 2014 Q3 Quarterly report

Exhibit 12.1

Simmons First National Corporation

Computation of Consolidated Ratios of Earnings to Fixed Charges

	Nine Months Ended September 30				Year Ended December 31,
	2014		2013		2013		2012		2011		2010		2009
Fixed Charges:
Interest on deposits	$	6,737	$	6,274	$	8,399	$	10,625	$	14,925	$	19,537	$	31,046
Interest on borrowings		3,666		2,720		3,864		4,992		5,471		7,469		7,760
Estimated interest on rental expense		1,298		1,126		1,264		936		617		526		469
Fixed charges including interest on deposits (A)		11,701		10,120		13,527		16,553		21,013		27,532		39,275
Less: Interest on deposits		6,737		6,274		8,399		10,625		14,925		19,537		31,046
Fixed charges excluding interest on deposits (B)	$	4,964	$	3,846	$	5,128	$	5,928	$	6,088	$	7,995	$	8,229
Earnings:
Pretax income from continuing operations	$	31,982	$	27,952	$	32,536	$	40,015	$	35,799	$	54,431	$	35,400
Fixed charges including interest on deposits		11,701		10,120		13,527		16,553		21,013		27,532		39,275
Earnings, including interest on deposits (C)		43,683		38,072		46,063		56,568		56,812		81,963		74,675
Less: Interest on deposits		6,737		6,274		8,399		10,625		14,925		19,537		31,046
Earnings, excluding interest on deposits (D)	$	36,946	$	31,798	$	37,664	$	45,943	$	41,887	$	62,426	$	43,629
Ratio of earnings to fixed charges:
Including interest on deposits (C /A)		3.73		3.76		3.41		3.42		2.70		2.98		1.90
Excluding interest on deposits (D / B)		7.44		8.27		7.35		7.75		6.88		7.81		5.30