Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - SIMMONS FIRST NATIONAL CORP | exh_311.htm |
| EX-32.3 - EXHIBIT 32.3 - SIMMONS FIRST NATIONAL CORP | exh_323.htm |
| EX-32.2 - EXHIBIT 32.2 - SIMMONS FIRST NATIONAL CORP | exh_322.htm |
| EX-32.1 - EXHIBIT 32.1 - SIMMONS FIRST NATIONAL CORP | exh_321.htm |
| EX-31.3 - EXHIBIT 31.3 - SIMMONS FIRST NATIONAL CORP | exh_313.htm |
| EX-31.2 - EXHIBIT 31.2 - SIMMONS FIRST NATIONAL CORP | exh_312.htm |
| EX-23 - EXHIBIT 23 - SIMMONS FIRST NATIONAL CORP | exh_23.htm |
| EX-21 - EXHIBIT 21 - SIMMONS FIRST NATIONAL CORP | exh_21.htm |
| EX-10.4 - EXHIBIT 10.4 - SIMMONS FIRST NATIONAL CORP | exh_104.htm |
| EX-10.3 - EXHIBIT 10.3 - SIMMONS FIRST NATIONAL CORP | exh_103.htm |
| 10-K - FORM 10-K - SIMMONS FIRST NATIONAL CORP | f10k_022818p.htm |
Exhibit 12.1
Simmons First National Corporation
Computation of Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Dividend
| (In thousands, except ratios) | Year Ended December 31, | |||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
| Fixed Charges: | ||||||||||||||||||||
| Interest on deposits | $ | 27,756 | $ | 15,217 | $ | 15,248 | $ | 9,079 | $ | 8,399 | ||||||||||
| Interest on borrowings | 12,318 | 6,582 | 7,105 | 4,892 | 3,864 | |||||||||||||||
| Estimated interest on rental expense | 2,569 | 2,301 | 2,167 | 1,663 | 1,264 | |||||||||||||||
| Fixed charges before preferred stock dividends | 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) | 42,643 | 24,140 | 24,943 | 15,634 | 13,527 | |||||||||||||||
| Less: Interest on deposits | 27,756 | 15,217 | 15,248 | 9,079 | 8,399 | |||||||||||||||
| Total combined fixed charges and preferred stock dividends, excluding interest on deposits (B) | $ | 14,887 | $ | 8,923 | $ | 9,695 | $ | 6,555 | $ | 5,128 | ||||||||||
| Earnings: | ||||||||||||||||||||
| Pretax income from continuing operations | $ | 154,923 | $ | 143,414 | $ | 107,007 | $ | 50,290 | $ | 32,536 | ||||||||||
| Fixed charges including interest on deposits | 42,643 | 24,100 | 24,520 | 15,634 | 13,527 | |||||||||||||||
| Earnings, including interest on deposits (C) | 197,566 | 167,514 | 131,527 | 65,924 | 46,063 | |||||||||||||||
| Less: Interest on deposits | 27,756 | 15,217 | 15,248 | 9,079 | 8,399 | |||||||||||||||
| Earnings, excluding interest on deposits (D) | $ | 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) | 4.63 | 6.94 | 5.27 | 4.22 | 3.41 | |||||||||||||||
| Excluding interest on deposits (D / B) | 11.41 | 17.07 | 11.99 | 8.67 | 7.35 | |||||||||||||||