Exhibit 12.1

Home BancShares, Inc

Computation of Ratios of Earnings to Fixed Charges

	Year Ended December 31,
Exhibit	2012		2011		2010		2009		2008
(In thousands, except ratio’s)
Fixed Charges and Preferred Dividends
Interest expense		19,761		28,391		32,373		37,391		56,552
Capital debt expense Trust Preferred		1,774		2,160		2,335		2,552		3,114
Estimated interest in rent		435		426		395		318		332
Preferred dividends (E)		—		1,285		2,500		2,395		—
Combined fixed charges and preferred dividends (B)		21,970		32,262		37,603		42,656		59,998
Less: interest on deposits		14,989		22,968		24,302		27,442		45,593
Combined fixed charges and preferred dividends excluding interest on deposits (D)		6,981		9,294		13,301		15,214		14,405
Earnings
Pre-tax income from continuing operations		98,451		84,342		23,612		38,936		12,036
Fixed charges and preferred dividends		21,970		32,262		37,603		42,656		59,998
Total earnings (A)		120,421		116,604		61,215		81,592		72,034
Less: interest on deposits		14,989		22,968		24,302		27,442		45,593
Total earnings excluding interest on deposits (C)		105,432		93,636		36,913		54,150		26,441
Ratio of earnings to fixed charges
Ratio, including interest on deposits (A/(B-E))		5.48		3.76		1.74		2.03		1.20
Ratio, excluding interest on deposits (C/(D-E))		15.10		11.69		3.42		4.22		1.84
Ratio of earnings to fixed charges & preferred dividends
Ratio, including interest on deposits (A/B)		5.48		3.61		1.63		1.91		1.20
Ratio, excluding interest on deposits (C/D)		15.10		10.07		2.78		3.56		1.84