CCB vs. FRME

Last updated Jun 3, 2026

CCB (Coastal Financial Corporation) and FRME (First Merchants Corporation) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 5 years, CCB returned 17.88%/yr vs 0.86%/yr for FRME. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

CCB vs. FRME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Coastal Financial Corporation (CCB) and First Merchants Corporation (FRME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCB achieves a -38.33% return, which is significantly lower than FRME's 8.13% return.

CCB

• 1D: -0.94%
• 1M: -7.49%
• YTD: -38.33%
• 6M: -34.24%
• 1Y: -19.17%
• 3Y*: 23.38%
• 5Y*: 17.88%
• 10Y*: —

FRME

• 1D: 1.57%
• 1M: -0.67%
• YTD: 8.13%
• 6M: 11.23%
• 1Y: 12.00%
• 3Y*: 16.14%
• 5Y*: 0.86%
• 10Y*: 7.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CCB vs. FRME - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CCB Coastal Financial Corporation	-38.33%	34.95%	91.20%	-6.54%	-6.12%	141.05%	27.50%	8.14%	-7.13%
FRME First Merchants Corporation	8.13%	-2.55%	11.82%	-5.82%	1.11%	14.99%	-6.93%	24.62%	-25.53%

Correlation

The correlation between CCB and FRME is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018	0.53

The correlation between CCB and FRME shifts across timeframes, from 0.53 (all time) to 0.64 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS CCB : $4.25 FRME : $3.40
PE Ratio CCB : 16.62 FRME : 11.80
PEG Ratio CCB : 1.69 FRME : 13.92
PS Ratio CCB : 1.94 FRME : 2.24
Total Revenue (TTM) CCB : $422.59M FRME : $1.05B
Gross Profit (TTM) CCB : $195.03M FRME : $484.80M
EBITDA (TTM) CCB : $52.74M FRME : $217.48M

Return for Risk

CCB vs. FRME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CCB

CCB Risk / Return Rank: 22
CCB Sharpe Ratio Rank: 20
CCB Sortino Ratio Rank: 21
CCB Omega Ratio Rank: 21
CCB Calmar Ratio Rank: 25
CCB Martin Ratio Rank: 21

FRME

FRME Risk / Return Rank: 53
FRME Sharpe Ratio Rank: 57
FRME Sortino Ratio Rank: 50
FRME Omega Ratio Rank: 48
FRME Calmar Ratio Rank: 55
FRME Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCB vs. FRME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Coastal Financial Corporation (CCB) and First Merchants Corporation (FRME). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CCB	FRME	Difference
Sharpe ratio Return per unit of total volatility	-0.46	0.49	-0.96
Sortino ratio Return per unit of downside risk	-0.38	0.87	-1.25
Omega ratio Gain probability vs. loss probability	0.95	1.10	-0.15
Calmar ratio Return relative to maximum drawdown	-0.46	0.67	-1.13
Martin ratio Return relative to average drawdown	-0.94	1.40	-2.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCB vs. FRME - Sharpe Ratio Comparison

The current CCB Sharpe Ratio is -0.46, which is lower than the FRME Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of CCB and FRME, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CCB	FRME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.46	0.49	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.03	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.20	+0.22

Drawdowns

CCB vs. FRME - Drawdown Comparison

The maximum CCB drawdown since its inception was -50.22%, smaller than the maximum FRME drawdown of -81.31%. Use the drawdown chart below to compare losses from any high point for CCB and FRME.

Drawdown Indicators

	CCB	FRME	Difference
Max Drawdown Largest peak-to-trough decline	-50.22%	-81.31%	+31.09%
Max Drawdown (1Y) Largest decline over 1 year	-42.65%	-15.73%	-26.92%
Max Drawdown (3Y) Largest decline over 3 years	-42.65%	-23.94%	-18.71%
Max Drawdown (5Y) Largest decline over 5 years	-42.65%	-43.72%	+1.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-53.03%	—
Current Drawdown Current decline from peak	-40.60%	-7.10%	-33.50%
Average Drawdown Average peak-to-trough decline	-14.60%	-19.24%	+4.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.77%	7.56%	+13.21%

Volatility

CCB vs. FRME - Volatility Comparison

Coastal Financial Corporation (CCB) has a higher volatility of 8.30% compared to First Merchants Corporation (FRME) at 5.35%. This indicates that CCB's price experiences larger fluctuations and is considered to be riskier than FRME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCB	FRME	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.30%	5.35%	+2.95%
Volatility (6M) Calculated over the trailing 6-month period	30.51%	16.09%	+14.42%
Volatility (1Y) Calculated over the trailing 1-year period	41.64%	24.43%	+17.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.32%	30.00%	+8.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.93%	32.78%	+15.15%

Dividends

CCB vs. FRME - Dividend Comparison

CCB has not paid dividends to shareholders, while FRME's dividend yield for the trailing twelve months is around 3.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCB Coastal Financial Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FRME First Merchants Corporation	3.59%	3.82%	3.48%	3.61%	3.04%	2.70%	2.78%	2.40%	2.45%	1.64%	1.43%	1.61%

Financials

Frequently Asked Questions

Can I hold both CCB and FRME in my portfolio?

CCB and FRME have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCB or FRME?

CCB has higher volatility (8.30%) compared to FRME (5.35%). In terms of maximum drawdown, CCB dropped -50.22% vs FRME's -81.31%.

Which has better risk-adjusted returns?

FRME currently has the higher Sharpe Ratio (0.49 vs -0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.