Exhibit 12.1

Pinnacle Financial Partners, Inc.

Ratio of Combined Fixed Charges and Preference Dividends to Earnings

(in thousands)

	Nine- months ended 9/30/16		2015		2014		2013		2012		2011
Fixed charges:
Interest expense — deposits	$	16,615	$	13,209	$	9,953	$	11721	$	16,843	$	30,588
Interest expense — other borrowings	$	9,920	$	5,327	$	3,231	$	3663	$	5,713	$	6,294
Interest expense — rentals	$	69	$	0	$	0	$	—	$	—	$	—
TARP preferred stock dividends (pretax)	$	—	$	—	$	—	$	—	$	2,479	$	3,002
Total fixed charges:	$	26,604	$	18,536	$	13,184	$	15,384	$	25,035	$	39,884
Earnings:
Pretax earnings	$	137,039	$	143,098	$	105,653	$	85,884	$	62,527	$	28,500
Fixed charges above	$	26,604	$	18,536	$	13,184	$	15,384	$	25,035	$	39,884
Total earnings	$	163,643	$	161,634	$	118,837	$	101,268	$	87,562	$	68,384
Ratio of earnings to combined fixed charges and preferred dividends:
Excluding interest on deposits		14.72x		27.86x		33.70x		24.45x		8.63x		4.07x
Including interest on deposits		6.15x		8.72x		9.01x		6.58x		3.50x		1.71x
Ratio of earnings to fixed charges (excludes preferred dividends):
Excluding interest on deposits		14.72x		27.86x		33.70x		24.45x		11.94x		5.53x
Including interest on deposits		6.15x		8.72x		9.01x		6.58x		3.77x		1.77x