Simmons First National (SFNC) 10-Q 2017 Q2 Quarterly report

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