FRME vs. BANC
FRME (First Merchants Corporation) and BANC (Banc of California, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, FRME returned 8.59%/yr vs 3.12%/yr for BANC. At a 0.40 correlation, their price movements are largely independent.
Performance
FRME vs. BANC - Performance Comparison
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Returns By Period
In the year-to-date period, FRME achieves a 11.97% return, which is significantly higher than BANC's 6.16% return. Over the past 10 years, FRME has outperformed BANC with an annualized return of 8.59%, while BANC has yielded a comparatively lower 3.12% annualized return.
FRME
- 1D
- 1.15%
- 1M
- 3.57%
- YTD
- 11.97%
- 6M
- 8.52%
- 1Y
- 18.95%
- 3Y*
- 18.76%
- 5Y*
- 2.87%
- 10Y*
- 8.59%
BANC
- 1D
- 0.60%
- 1M
- 8.09%
- YTD
- 6.16%
- 6M
- 2.90%
- 1Y
- 50.04%
- 3Y*
- 23.42%
- 5Y*
- 5.45%
- 10Y*
- 3.12%
FRME vs. BANC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRME First Merchants Corporation | 11.97% | -2.55% | 11.82% | -5.82% | 1.11% | 14.99% | -6.93% | 24.62% | -16.93% | 13.63% |
BANC Banc of California, Inc. | 6.16% | 28.05% | 18.32% | -13.04% | -17.67% | 35.08% | -12.57% | 31.81% | -33.68% | 22.05% |
Correlation
The correlation between FRME and BANC is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2002 | 0.40 |
Over the past year, FRME and BANC have become more correlated (0.69) than their long-term average of 0.40, meaning their price movements have been converging.
Fundamentals
FRME:
$3.40
BANC:
$2.07
FRME:
12.10
BANC:
9.76
FRME:
14.28
BANC:
0.02
FRME:
2.30
BANC:
1.45
FRME:
$1.05B
BANC:
$1.66B
FRME:
$484.80M
BANC:
$809.06M
FRME:
$217.48M
BANC:
$298.02M
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Return for Risk
FRME vs. BANC — Risk / Return Rank
FRME
BANC
FRME vs. BANC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Merchants Corporation (FRME) and Banc of California, Inc. (BANC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRME | BANC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.31 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.46 | -1.25 |
| Martin ratioReturn relative to average drawdown | 2.51 | 6.45 | -3.93 |
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Drawdowns
FRME vs. BANC - Drawdown Comparison
The maximum FRME drawdown since its inception was -81.31%, roughly equal to the maximum BANC drawdown of -82.29%. Use the drawdown chart below to compare losses from any high point for FRME and BANC.
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Drawdown Indicators
| FRME | BANC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.31% | -82.29% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -15.73% | -20.47% | +4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -23.94% | -31.21% | +7.27% |
Max Drawdown (5Y)Largest decline over 5 years | -43.72% | -53.31% | +9.59% |
Max Drawdown (10Y)Largest decline over 10 years | -53.03% | -69.79% | +16.76% |
Current DrawdownCurrent decline from peak | -3.81% | -2.95% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -19.22% | -29.82% | +10.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.55% | 7.78% | -0.23% |
Volatility
FRME vs. BANC - Volatility Comparison
First Merchants Corporation (FRME) has a higher volatility of 7.32% compared to Banc of California, Inc. (BANC) at 6.68%. This indicates that FRME's price experiences larger fluctuations and is considered to be riskier than BANC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRME | BANC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 6.68% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 19.44% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.60% | 29.52% | -4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.93% | 36.36% | -6.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.81% | 43.23% | -10.42% |
Dividends
FRME vs. BANC - Dividend Comparison
FRME's dividend yield for the trailing twelve months is around 3.52%, more than BANC's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BANC Banc of California, Inc. | 2.18% | 2.07% | 2.59% | 2.98% | 1.51% | 1.22% | 1.63% | 1.80% | 3.91% | 2.52% | 2.82% | 3.28% |
FRME First Merchants Corporation | 3.52% | 3.82% | 3.48% | 3.61% | 3.04% | 2.70% | 2.78% | 2.40% | 2.45% | 1.64% | 1.43% | 1.61% |
Financials
FRME vs. BANC - Financials Comparison
This section allows you to compare key financial metrics between First Merchants Corporation and Banc of California, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FRME vs. BANC - Profitability Comparison
FRME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Merchants Corporation reported a gross profit of 0.00 and revenue of 248.57M. Therefore, the gross margin over that period was 0.0%.
BANC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banc of California, Inc. reported a gross profit of 0.00 and revenue of 286.95M. Therefore, the gross margin over that period was 0.0%.
FRME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Merchants Corporation reported an operating income of 0.00 and revenue of 248.57M, resulting in an operating margin of 0.0%.
BANC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banc of California, Inc. reported an operating income of 0.00 and revenue of 286.95M, resulting in an operating margin of 0.0%.
FRME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Merchants Corporation reported a net income of 28.16M and revenue of 248.57M, resulting in a net margin of 11.3%.
BANC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banc of California, Inc. reported a net income of 71.95M and revenue of 286.95M, resulting in a net margin of 25.1%.
Frequently Asked Questions
FRME and BANC have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRME has higher volatility (7.32%) compared to BANC (6.68%). In terms of maximum drawdown, FRME dropped -81.31% vs BANC's -82.29%.
BANC currently has the higher Sharpe Ratio (1.71 vs 0.78), 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.
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