EX-12.1 2 sfnc-063018xex121.htm EXHIBIT 12.1 Exhibit


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