Exhibit 12.1
Simmons First National Corporation
Computation of Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Dividend
| Six Months Ended June 30, | Year Ended December 31, | ||||||||||||||||||||||||||
| (In thousands, except ratios) | 2018 | 2017 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||||
| Fixed Charges: | |||||||||||||||||||||||||||
| Interest on deposits | $ | 34,058 | $ | 9,020 | $ | 27,756 | $ | 15,217 | $ | 15,248 | $ | 9,079 | $ | 8,399 | |||||||||||||
| Interest on borrowings | 17,546 | 4,113 | 12,318 | 6,582 | 7,105 | 4,892 | 3,864 | ||||||||||||||||||||
| Estimated interest on rental expense | 2,183 | 1,159 | 2,569 | 2,301 | 2,167 | 1,663 | 1,264 | ||||||||||||||||||||
| Fixed charges before preferred stock dividends | 53,787 | 14,292 | 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) | 53,787 | 14,292 | 42,643 | 24,140 | 24,943 | 15,634 | 13,527 | ||||||||||||||||||||
| Less: Interest on deposits | 34,058 | 9,020 | 27,756 | 15,217 | 15,248 | 9,079 | 8,399 | ||||||||||||||||||||
| Total combined fixed charges and preferred stock dividends, excluding interest on deposits (B) | $ | 19,729 | $ | 5,272 | $ | 14,887 | $ | 8,923 | $ | 9,695 | $ | 6,555 | $ | 5,128 | |||||||||||||
| Earnings: | |||||||||||||||||||||||||||
| Pretax income from continuing operations | $ | 132,623 | $ | 65,936 | $ | 154,923 | $ | 143,414 | $ | 107,007 | $ | 50,290 | $ | 32,536 | |||||||||||||
| Fixed charges including interest on deposits | 53,787 | 14,292 | 42,643 | 24,100 | 24,520 | 15,634 | 13,527 | ||||||||||||||||||||
| Earnings, including interest on deposits (C) | 186,410 | 80,228 | 197,566 | 167,514 | 131,527 | 65,924 | 46,063 | ||||||||||||||||||||
| Less: Interest on deposits | 34,058 | 9,020 | 27,756 | 15,217 | 15,248 | 9,079 | 8,399 | ||||||||||||||||||||
| Earnings, excluding interest on deposits (D) | $ | 152,352 | $ | 71,208 | $ | 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) | 3.47 | 5.61 | 4.63 | 6.94 | 5.27 | 4.22 | 3.41 | ||||||||||||||||||||
| Excluding interest on deposits (D/B) | 7.72 | 13.51 | 11.41 | 17.07 | 11.99 | 8.67 | 7.35 | ||||||||||||||||||||