Exhibit 12.1

Home BancShares, Inc.

Computation of Ratios of Earnings to Fixed Charges

	Year Ended December 31,
Exhibit	2014			2013			2012			2011			2010
(Dollars in thousands)
Fixed Charges and Preferred Dividends
Interest expense	$	17,557		$	14,013		$	19,761		$	28,391		$	32,373
Capital debt expense Trust Preferred		1,313			518			1,774			2,160			2,335
Estimated interest in rent		751			515			435			426			395
Preferred dividends (E)		—			—			—			1,285			2,500
Combined fixed charges and preferred dividends (B)		19,621			15,046			21,970			32,262			37,603
Less: interest on deposits		12,796			9,744			14,989			22,968			24,302
Combined fixed charges and preferred dvidends excluding interest on deposits (D)	$	6,825		$	5,302		$	6,981		$	9,294		$	13,301
Earnings
Pre-tax income from continuing operations	$	177,173		$	104,473		$	98,451		$	84,342		$	23,612
Fixed charges and preferred dividends		19,621			15,046			21,970			32,262			37,603
Total earnings (A)		196,794			119,519			120,421			116,604			61,215
Less: interest on deposits		12,796			9,744			14,989			22,968			24,302
Total earnings excluding interest on deposits (C)	$	183,998		$	109,775		$	105,432		$	93,636		$	36,913
Ratio of earnings to fixed charges
Ratio, including interest on deposits (A/(B-E))		10.03	%		7.94	%		5.48	%		3.76	%		1.74	%
Ratio, excluding interest on deposits (C/(D-E))		26.96			20.70			15.10			11.69			3.42
Ratio of earnings to fixed charges & preferred dividends
Ratio, including interest on deposits (A/B)		10.03	%		7.94	%		5.48	%		3.61	%		1.63	%
Ratio, excluding interest on deposits (C/D)		26.96			20.70			15.10			10.07			2.78