Exhibit 12.1
Simmons First National Corporation
Computation of Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Dividend
(In thousands, except ratios) | Year Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest on deposits | $ | 27,756 | $ | 15,217 | $ | 15,248 | $ | 9,079 | $ | 8,399 | ||||||||||
Interest on borrowings | 12,318 | 6,582 | 7,105 | 4,892 | 3,864 | |||||||||||||||
Estimated interest on rental expense | 2,569 | 2,301 | 2,167 | 1,663 | 1,264 | |||||||||||||||
Fixed charges before preferred stock dividends | 42,643 | 24,100 | 24,520 | 15,634 | 13,527 | |||||||||||||||
Preferred stock dividends pre-tax income requirements | - | 39 | 423 | - | - | |||||||||||||||
Total combined fixed charges and preferred stock dividends, including interest on deposits (A) | 42,643 | 24,140 | 24,943 | 15,634 | 13,527 | |||||||||||||||
Less: Interest on deposits | 27,756 | 15,217 | 15,248 | 9,079 | 8,399 | |||||||||||||||
Total combined fixed charges and preferred stock dividends, excluding interest on deposits (B) | $ | 14,887 | $ | 8,923 | $ | 9,695 | $ | 6,555 | $ | 5,128 | ||||||||||
Earnings: | ||||||||||||||||||||
Pretax income from continuing operations | $ | 154,923 | $ | 143,414 | $ | 107,007 | $ | 50,290 | $ | 32,536 | ||||||||||
Fixed charges including interest on deposits | 42,643 | 24,100 | 24,520 | 15,634 | 13,527 | |||||||||||||||
Earnings, including interest on deposits (C) | 197,566 | 167,514 | 131,527 | 65,924 | 46,063 | |||||||||||||||
Less: Interest on deposits | 27,756 | 15,217 | 15,248 | 9,079 | 8,399 | |||||||||||||||
Earnings, excluding interest on deposits (D) | $ | 169,810 | $ | 152,297 | $ | 116,279 | $ | 56,845 | $ | 37,664 | ||||||||||
Ratio of earnings to combined fixed charges and preferred dividend: | ||||||||||||||||||||
Including interest on deposits (C /A) | 4.63 | 6.94 | 5.27 | 4.22 | 3.41 | |||||||||||||||
Excluding interest on deposits (D / B) | 11.41 | 17.07 | 11.99 | 8.67 | 7.35 |