FRME vs. MCB
FRME (First Merchants Corporation) and MCB (Metropolitan Bank Holding Corp.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 5 years, FRME returned 2.87%/yr vs 8.61%/yr for MCB. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
FRME vs. MCB - Performance Comparison
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Returns By Period
In the year-to-date period, FRME achieves a 11.97% return, which is significantly lower than MCB's 24.41% 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%
MCB
- 1D
- 1.51%
- 1M
- 3.63%
- YTD
- 24.41%
- 6M
- 18.90%
- 1Y
- 46.90%
- 3Y*
- 43.99%
- 5Y*
- 8.61%
- 10Y*
- —
FRME vs. MCB - 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% | 1.45% |
MCB Metropolitan Bank Holding Corp. | 24.41% | 31.32% | 5.45% | -5.61% | -44.93% | 193.71% | -24.80% | 56.34% | -26.72% | 8.09% |
Correlation
The correlation between FRME and MCB is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2017 | 0.63 |
The correlation between FRME and MCB shifts across timeframes, from 0.63 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FRME:
$2.51B
MCB:
$1.02B
FRME:
$3.40
MCB:
$8.12
FRME:
12.10
MCB:
11.64
FRME:
14.28
MCB:
5.68
FRME:
2.30
MCB:
1.86
FRME:
0.94
MCB:
1.07
FRME:
$1.05B
MCB:
$539.67M
FRME:
$484.80M
MCB:
$211.43M
FRME:
$217.48M
MCB:
$72.78M
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Return for Risk
FRME vs. MCB — Risk / Return Rank
FRME
MCB
FRME vs. MCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Merchants Corporation (FRME) and Metropolitan Bank Holding Corp. (MCB). 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 | MCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.27 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.52 | -1.31 |
| Martin ratioReturn relative to average drawdown | 2.51 | 5.62 | -3.11 |
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Drawdowns
FRME vs. MCB - Drawdown Comparison
The maximum FRME drawdown since its inception was -81.31%, roughly equal to the maximum MCB drawdown of -82.30%. Use the drawdown chart below to compare losses from any high point for FRME and MCB.
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Drawdown Indicators
| FRME | MCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.31% | -82.30% | +0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.73% | -18.71% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -23.94% | -42.34% | +18.40% |
Max Drawdown (5Y)Largest decline over 5 years | -43.72% | -82.30% | +38.58% |
Max Drawdown (10Y)Largest decline over 10 years | -53.03% | — | — |
Current DrawdownCurrent decline from peak | -3.81% | -14.99% | +11.18% |
Average DrawdownAverage peak-to-trough decline | -19.22% | -33.43% | +14.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.55% | 8.36% | -0.81% |
Volatility
FRME vs. MCB - Volatility Comparison
The current volatility for First Merchants Corporation (FRME) is 7.32%, while Metropolitan Bank Holding Corp. (MCB) has a volatility of 7.90%. This indicates that FRME experiences smaller price fluctuations and is considered to be less risky than MCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRME | MCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 7.90% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 25.04% | -8.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.60% | 33.49% | -8.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.93% | 59.01% | -29.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.81% | 56.22% | -23.41% |
Dividends
FRME vs. MCB - Dividend Comparison
FRME's dividend yield for the trailing twelve months is around 3.52%, more than MCB's 0.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MCB Metropolitan Bank Holding Corp. | 0.79% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
FRME vs. MCB - Financials Comparison
This section allows you to compare key financial metrics between First Merchants Corporation and Metropolitan Bank Holding Corp.. 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. MCB - 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%.
MCB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Metropolitan Bank Holding Corp. reported a gross profit of 0.00 and revenue of 134.93M. 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%.
MCB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Metropolitan Bank Holding Corp. reported an operating income of 0.00 and revenue of 134.93M, 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%.
MCB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Metropolitan Bank Holding Corp. reported a net income of 31.43M and revenue of 134.93M, resulting in a net margin of 23.3%.
Frequently Asked Questions
FRME and MCB have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCB has higher volatility (7.90%) compared to FRME (7.32%). In terms of maximum drawdown, FRME dropped -81.31% vs MCB's -82.30%.
MCB currently has the higher Sharpe Ratio (1.41 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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