Exhibit 12.1
Simmons First National Corporation
Computation of Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Dividend
| Six Months Ended | ||||||||||||||||||||||||||||
| (In thousands, except ratios) | June 30, | Year Ended December 31, | ||||||||||||||||||||||||||
| 2016 | 2015 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||||
| Fixed Charges: | ||||||||||||||||||||||||||||
| Interest on deposits | $ | 7,430 | $ | 7,139 | $ | 15,248 | $ | 9,079 | $ | 8,399 | $ | 10,625 | $ | 14,925 | ||||||||||||||
| Interest on borrowings | 3,277 | 3,117 | 7,105 | 4,892 | 3,864 | 4,992 | 5,471 | |||||||||||||||||||||
| Estimated interest on rental expense | 1,155 | 1,100 | 2,167 | 1,663 | 1,264 | 936 | 617 | |||||||||||||||||||||
| Fixed charges before preferred stock dividends | 11,862 | 11,356 | 24,520 | 15,634 | 13,527 | 16,553 | 21,013 | |||||||||||||||||||||
| Preferred stock dividends pre-tax income requirements | 39 | 169 | 423 | - | - | - | - | |||||||||||||||||||||
| Total combined fixed charges and preferred stock dividends, including interest on deposits (A) | 11,901 | 11,525 | 24,943 | 15,634 | 13,527 | 16,553 | 21,013 | |||||||||||||||||||||
| Less: Interest on deposits | 7,430 | 7,139 | 15,248 | 9,079 | 8,399 | 10,625 | 14,925 | |||||||||||||||||||||
| Total combined fixed charges and preferred stock dividends, excluding interest on deposits (B) | $ | 4,471 | $ | 4,386 | $ | 9,695 | $ | 6,555 | $ | 5,128 | $ | 5,928 | $ | 6,088 | ||||||||||||||
| Earnings: | ||||||||||||||||||||||||||||
| Pretax income from continuing operations | $ | 69,817 | $ | 43,159 | $ | 107,007 | $ | 50,290 | $ | 32,536 | $ | 40,015 | $ | 35,799 | ||||||||||||||
| Fixed charges including interest on deposits | 11,862 | 11,356 | 24,520 | 15,634 | 13,527 | 16,553 | 21,013 | |||||||||||||||||||||
| Earnings, including interest on deposits (C) | 81,679 | 54,515 | 131,527 | 65,924 | 46,063 | 56,568 | 56,812 | |||||||||||||||||||||
| Less: Interest on deposits | 7,430 | 7,139 | 15,248 | 9,079 | 8,399 | 10,625 | 14,925 | |||||||||||||||||||||
| Earnings, excluding interest on deposits (D) | $ | 74,249 | $ | 47,376 | $ | 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 | 4.73 | 5.27 | 4.22 | 3.41 | 3.42 | 2.70 | |||||||||||||||||||||
| Excluding interest on deposits (D / B) | 16.60 | 10.80 | 11.99 | 8.67 | 7.35 | 7.75 | 6.88 | |||||||||||||||||||||