Home BancShares, Inc.
Computation of Ratios of Earnings to Fixed Charges
Year Ended December 31, | ||||||||||||||||||||
Exhibit | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
Fixed Charges and Preferred Dividends | ||||||||||||||||||||
Interest expense | $ | 49,209 | $ | 28,986 | $ | 20,370 | $ | 17,557 | $ | 14,013 | ||||||||||
Capital debt expense Trust Preferred | 15,137 | 1,593 | 1,354 | 1,313 | 518 | |||||||||||||||
Estimated interest in rent | 918 | 784 | 779 | 751 | 515 | |||||||||||||||
Preferred dividends (E) | — | — | — | — | — | |||||||||||||||
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Combined fixed charges and preferred dividends (B) | 65,264 | 31,363 | 22,503 | 19,621 | 15,046 | |||||||||||||||
Less: interest on deposits | 33,777 | 15,926 | 12,971 | 12,796 | 9,744 | |||||||||||||||
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Combined fixed charges and preferred dvidends excluding interest on deposits (D) | $ | 31,487 | $ | 15,437 | $ | 9,532 | $ | 6,825 | $ | 5,302 | ||||||||||
Earnings | ||||||||||||||||||||
Pre-tax income from continuing operations | $ | 271,083 | $ | 282,646 | $ | 218,491 | $ | 177,173 | $ | 104,473 | ||||||||||
Fixed charges and preferred dividends | 65,264 | 31,363 | 22,503 | 19,621 | 15,046 | |||||||||||||||
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Total earnings (A) | 336,347 | 314,009 | 240,994 | 196,794 | 119,519 | |||||||||||||||
Less: interest on deposits | 33,777 | 15,926 | 12,971 | 12,796 | 9,744 | |||||||||||||||
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Total earnings excluding interest on deposits (C) | $ | 302,570 | $ | 298,083 | $ | 228,023 | $ | 183,998 | $ | 109,775 | ||||||||||
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Ratio of earnings to fixed charges | ||||||||||||||||||||
Ratio, including interest on deposits (A/(B-E)) | 5.15x | 10.01x | 10.71x | 10.03x | 7.94x | |||||||||||||||
Ratio, excluding interest on deposits (C/(D-E)) | 9.61x | 19.31x | 23.92x | 26.96x | 20.70x | |||||||||||||||
Ratio of earnings to fixed charges & preferred dividends | ||||||||||||||||||||
Ratio, including interest on deposits (A/B) | 5.15x | 10.01x | 10.71x | 10.03x | 7.94x | |||||||||||||||
Ratio, excluding interest on deposits (C/D) | 9.61x | 19.31x | 23.92x | 26.96x | 20.70x |