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, | ||||||||||||||||||||||||||
| 2017 | 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||||||
| Fixed Charges: | ||||||||||||||||||||||||||||
| Interest on deposits | $ | 9,020 | $ | 7,430 | $ | 15,217 | $ | 15,248 | $ | 9,079 | $ | 8,399 | $ | 10,625 | ||||||||||||||
| Interest on borrowings | 4,113 | 3,277 | 6,582 | 7,105 | 4,892 | 3,864 | 4,992 | |||||||||||||||||||||
| Estimated interest on rental expense | 1,159 | 1,155 | 2,301 | 2,167 | 1,663 | 1,264 | 936 | |||||||||||||||||||||
| Fixed charges before preferred stock dividends | 14,292 | 11,862 | 24,100 | 24,520 | 15,634 | 13,527 | 16,553 | |||||||||||||||||||||
| Preferred stock dividends pre-tax income requirements | - | 39 | 39 | 423 | - | - | - | |||||||||||||||||||||
| Total combined fixed charges and preferred stock dividends, including interest on deposits (A) | 14,292 | 11,901 | 24,140 | 24,943 | 15,634 | 13,527 | 16,553 | |||||||||||||||||||||
| Less: Interest on deposits | 9,020 | 7,430 | 15,217 | 15,248 | 9,079 | 8,399 | 10,625 | |||||||||||||||||||||
| Total combined fixed charges and preferred stock dividends, excluding interest on deposits (B) | $ | 5,272 | $ | 4,471 | $ | 8,923 | $ | 9,695 | $ | 6,555 | $ | 5,128 | $ | 5,928 | ||||||||||||||
| Earnings: | ||||||||||||||||||||||||||||
| Pretax income from continuing operations | $ | 65,936 | $ | 69,817 | $ | 143,414 | $ | 107,007 | $ | 50,290 | $ | 32,536 | $ | 40,015 | ||||||||||||||
| Fixed charges including interest on deposits | 14,292 | 11,862 | 24,100 | 24,520 | 15,634 | 13,527 | 16,553 | |||||||||||||||||||||
| Earnings, including interest on deposits (C) | 80,228 | 81,679 | 167,514 | 131,527 | 65,924 | 46,063 | 56,568 | |||||||||||||||||||||
| Less: Interest on deposits | 9,020 | 7,430 | 15,217 | 15,248 | 9,079 | 8,399 | 10,625 | |||||||||||||||||||||
| Earnings, excluding interest on deposits (D) | $ | 71,208 | $ | 74,249 | $ | 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) | 5.61 | 6.86 | 6.94 | 5.27 | 4.22 | 3.41 | 3.42 | |||||||||||||||||||||
| Excluding interest on deposits (D / B) | 13.51 | 16.60 | 17.07 | 11.99 | 8.67 | 7.35 | 7.75 | |||||||||||||||||||||