Exhibit 12.1
Simmons First National Corporation
Computation of Consolidated Ratios of Earnings to Fixed Charges
(In thousands, except ratios) | Year Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest on deposits | $ | 15,217 | $ | 15,248 | $ | 9,079 | $ | 8,399 | $ | 10,625 | ||||||||||
Interest on borrowings | 6,582 | 7,105 | 4,892 | 3,864 | 4,992 | |||||||||||||||
Estimated interest on rental expense | 2,301 | 2,167 | 1,663 | 1,264 | 936 | |||||||||||||||
Fixed charges before preferred stock dividends | 24,100 | 24,520 | 15,634 | 13,527 | 16,553 | |||||||||||||||
Preferred stock dividends pre-tax income requirements | 40 | 423 | - | - | - | |||||||||||||||
Total combined fixed charges and preferred stock dividends, including interest on deposits (A) | 24,140 | 24,943 | 15,634 | 13,527 | 16,553 | |||||||||||||||
Less: Interest on deposits | 15,217 | 15,248 | 9,079 | 8,399 | 10,625 | |||||||||||||||
Total combined fixed charges and preferred stock dividends, excluding interest on deposits (B) | $ | 8,923 | $ | 9,695 | $ | 6,555 | $ | 5,128 | $ | 5,928 | ||||||||||
Earnings: | ||||||||||||||||||||
Pretax income from continuing operations | $ | 143,414 | $ | 107,007 | $ | 50,290 | $ | 32,536 | $ | 40,015 | ||||||||||
Fixed charges including interest on deposits | 24,100 | 24,520 | 15,634 | 13,527 | 16,553 | |||||||||||||||
Earnings, including interest on deposits (C) | 167,514 | 131,527 | 65,924 | 46,063 | 56,568 | |||||||||||||||
Less: Interest on deposits | 15,217 | 15,248 | 9,079 | 8,399 | 10,625 | |||||||||||||||
Earnings, excluding interest on deposits (D) | $ | 152,297 | $ | 116,279 | $ | 56,845 | $ | 37,664 | $ | 45,943 | ||||||||||
Ratio of earnings to combined fixed charges and preferred dividend: | ||||||||||||||||||||
Including interest on deposits (C /A) | 6.94 | 5.27 | 4.22 | 3.41 | 3.42 | |||||||||||||||
Excluding interest on deposits (D / B) | 17.07 | 11.99 | 8.67 | 7.35 | 7.75 |