Exhibit 12.1
Home BancShares, Inc. Exhibit 12.1
Computation of Ratios of Earnings to Fixed Charges
Three Months Ended March 31, | Year Ended December 31, | |||||||||||||||||||||||||||
Exhibit | 2018 | 2017 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Fixed Charges and Preferred Dividends | ||||||||||||||||||||||||||||
Interest expense | $ | 19,763 | $ | 9,240 | $ | 49,209 | $ | 28,986 | $ | 20,370 | $ | 17,557 | $ | 14,013 | ||||||||||||||
Capital debt expense Trust Preferred | 5,004 | 439 | 15,137 | 1,593 | 1,354 | 1,313 | 518 | |||||||||||||||||||||
Estimated interest in rent | 269 | 200 | 918 | 784 | 779 | 751 | 515 | |||||||||||||||||||||
Preferred dividends (E) | — | — | — | — | — | — | — | |||||||||||||||||||||
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Combined fixed charges and preferred dividends (B) | 25,036 | 9,879 | 65,264 | 31,363 | 22,503 | 19,621 | 15,046 | |||||||||||||||||||||
Less: interest on deposits | 14,806 | 5,486 | 33,777 | 15,926 | 12,971 | 12,796 | 9,744 | |||||||||||||||||||||
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Combined fixed charges and preferred dividends excluding interest on deposits (D) | $ | 10,230 | $ | 4,393 | $ | 31,487 | $ | 15,437 | $ | 9,532 | $ | 6,825 | $ | 5,302 | ||||||||||||||
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Earnings | ||||||||||||||||||||||||||||
Pre-tax income from continuing operations | $ | 97,034 | $ | 72,230 | $ | 271,083 | $ | 282,646 | $ | 218,491 | $ | 177,173 | $ | 104,473 | ||||||||||||||
Fixed charges and preferred dividends | 25,036 | 9,879 | 65,264 | 31,363 | 22,503 | 19,621 | 15,046 | |||||||||||||||||||||
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Total earnings (A) | 122,070 | 82,109 | 336,347 | 314,009 | 240,994 | 196,794 | 119,519 | |||||||||||||||||||||
Less: interest on deposits | 14,806 | 5,486 | 33,777 | 15,926 | 12,971 | 12,796 | 9,744 | |||||||||||||||||||||
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Total earnings excluding interest on deposits (C) | $ | 107,264 | $ | 76,623 | $ | 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)) | 4.88 | x | 8.31 | x | 5.15 | x | 10.01 | x | 10.71 | x | 10.03 | x | 7.94 | x | ||||||||||||||
Ratio, excluding interest on deposits (C/(D-E)) | 10.48 | x | 17.44 | x | 9.61 | x | 19.31 | x | 23.92 | x | 26.96 | x | 20.70 | x | ||||||||||||||
Ratio of earnings to fixed charges & preferred dividends | ||||||||||||||||||||||||||||
Ratio, including interest on deposits (A/B) | 4.88 | x | 8.31 | x | 5.15 | x | 10.01 | x | 10.71 | x | 10.03 | x | 7.94 | x | ||||||||||||||
Ratio, excluding interest on deposits (C/D) | 10.48 | x | 17.44 | x | 9.61 | x | 19.31 | x | 23.92 | x | 26.96 | x | 20.70 | x |