Exhibit 12.1

 Simmons First National Corporation

 Computation of Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Dividend

	Six Months Ended
(In thousands, except ratios)	June 30,				Year Ended December 31,
	2016		2015		2015		2014		2013		2012		2011
Fixed Charges:
Interest on deposits	$	7,430	$	7,139	$	15,248	$	9,079	$	8,399	$	10,625	$	14,925
Interest on borrowings		3,277		3,117		7,105		4,892		3,864		4,992		5,471
Estimated interest on rental expense		1,155		1,100		2,167		1,663		1,264		936		617
Fixed charges before preferred stock dividends		11,862		11,356		24,520		15,634		13,527		16,553		21,013
Preferred stock dividends pre-tax income requirements		39		169		423		-		-		-		-
Total combined fixed charges and preferred stock dividends, including interest on deposits (A)		11,901		11,525		24,943		15,634		13,527		16,553		21,013
Less: Interest on deposits		7,430		7,139		15,248		9,079		8,399		10,625		14,925
Total combined fixed charges and preferred stock dividends, excluding interest on deposits (B)	$	4,471	$	4,386	$	9,695	$	6,555	$	5,128	$	5,928	$	6,088
Earnings:
Pretax income from continuing operations	$	69,817	$	43,159	$	107,007	$	50,290	$	32,536	$	40,015	$	35,799
Fixed charges including interest on deposits		11,862		11,356		24,520		15,634		13,527		16,553		21,013
Earnings, including interest on deposits (C)		81,679		54,515		131,527		65,924		46,063		56,568		56,812
Less: Interest on deposits		7,430		7,139		15,248		9,079		8,399		10,625		14,925
Earnings, excluding interest on deposits (D)	$	74,249	$	47,376	$	116,279	$	56,845	$	37,664	$	45,943	$	41,887
Ratio of earnings to combined fixed charges and preferred dividend:
Including interest on deposits (C /A)		6.86		4.73		5.27		4.22		3.41		3.42		2.70
Excluding interest on deposits (D / B)		16.60		10.80		11.99		8.67		7.35		7.75		6.88