Attached files
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| 8-K - 8-K - Franklin Financial Network Inc. | d167972d8k.htm |
Exhibit 12.1
Franklin Financial Network, Inc.
Computation of Ratio of Earnings to Fixed Charges
For Fiscal Years Ended December 31, 2012 through 2015
(in thousands except ratio amounts)
| For Fiscal Years Ended December 31, | ||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | |||||||||||||
| Earnings: |
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| Income before provision for income taxes |
$ | 25,101 | $ | 13,548 | $ | 7,295 | $ | 6,196 | ||||||||
| Add: Fixed charges |
10,277 | 6,422 | 4,374 | 4,429 | ||||||||||||
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| Total Adjusted Earnings |
$ | 35,378 | $ | 19,970 | $ | 11,669 | $ | 10,625 | ||||||||
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| Fixed Charges: |
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| Interest expense |
$ | 9,306 | $ | 5,739 | $ | 3,937 | $ | 4,048 | ||||||||
| Interest component of rent expense |
971 | 683 | 437 | 381 | ||||||||||||
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| Total Fixed Charges |
$ | 10,277 | $ | 6,422 | $ | 4,374 | $ | 4,429 | ||||||||
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| Ratio of Earnings to Fixed Charges |
3.4x | 3.1x | 2.7x | 2.4x | ||||||||||||
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