Simmons First National (SFNC) 10-Q 2016 Q1 Quarterly report

Exhibit 12.1

Simmons First National Corporation

 Computation of Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Dividend

	Three Months Ended
(In thousands, except ratios)	March 31,				Year Ended December 31,
	2016		2015		2015		2014		2013		2012		2011
Fixed Charges:
Interest on deposits	$	3,654	$	2,944	$	15,248	$	9,079	$	8,399	$	10,625	$	14,925
Interest on borrowings		1,736		1,349		7,105		4,892		3,864		4,992		5,471
Estimated interest on rental expense		558		578		2,167		1,663		1,264		936		617
Fixed charges before preferred stock dividends		5,948		4,871		24,520		15,634		13,527		16,553		21,013
Preferred stock dividends pre-tax income requirements		39		43		423		-		-		-		-
Total combined fixed charges and preferred stock dividends, including interest on deposits (A)		5,988		4,914		24,943		15,634		13,527		16,553		21,013
Less: Interest on deposits		3,654		2,944		15,248		9,079		8,399		10,625		14,925
Total combined fixed charges and preferred stock dividends, excluding interest on deposits (B)	$	2,334	$	1,970	$	9,695	$	6,555	$	5,128	$	5,928	$	6,088
Earnings:
Pretax income from continuing operations	$	35,099	$	12,891	$	107,007	$	50,290	$	32,536	$	40,015	$	35,799
Fixed charges including interest on deposits		5,948		4,871		24,520		15,634		13,527		16,553		21,013
Earnings, including interest on deposits (C)		41,047		17,762		131,527		65,924		46,063		56,568		56,812
Less: Interest on deposits		3,654		2,944		15,248		9,079		8,399		10,625		14,925
Earnings, excluding interest on deposits (D)	$	37,393	$	14,818	$	116,279	$	56,845	$	37,664	$	45,943	$	41,887
Ratio of earnings to combined fixed charges and preferred dividend:
Including interest on deposits (C /A)		6.86		3.61		5.27		4.22		3.41		3.42		2.70
Excluding interest on deposits (D / B)		16.02		7.52		11.99		8.67		7.35		7.75		6.88