FRME vs. OSBC
FRME (First Merchants Corporation) and OSBC (Old Second Bancorp, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, FRME returned 8.29%/yr vs 14.15%/yr for OSBC. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
FRME vs. OSBC - Performance Comparison
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Returns By Period
In the year-to-date period, FRME achieves a 17.27% return, which is significantly lower than OSBC's 30.95% return. Over the past 10 years, FRME has underperformed OSBC with an annualized return of 8.29%, while OSBC has yielded a comparatively higher 14.15% annualized return.
FRME
- 1D
- -0.23%
- 1M
- -0.69%
- 6M
- 10.54%
- YTD
- 17.27%
- 1Y
- 20.62%
- 3Y*
- 14.98%
- 5Y*
- 4.89%
- 10Y*
- 8.29%
- ALL TIME*
- 7.75%
OSBC
- 1D
- 0.08%
- 1M
- 9.17%
- 6M
- 28.26%
- YTD
- 30.95%
- 1Y
- 54.52%
- 3Y*
- 17.38%
- 5Y*
- 18.54%
- 10Y*
- 14.15%
- ALL TIME*
- 5.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $22.75M | $20.61M | $17.32M | |
| $11.96M | $10.46M | $9.01M |
FRME vs. OSBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRME First Merchants Corporation | 17.27% | -2.55% | 11.82% | -5.82% | 1.11% | 14.99% | -6.93% | 24.62% | -16.93% | 13.63% |
OSBC Old Second Bancorp, Inc. | 30.95% | 11.25% | 16.69% | -2.37% | 29.23% | 26.26% | -24.70% | 3.93% | -4.50% | 23.95% |
Correlation
The correlation between FRME and OSBC is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 1995 | 0.42 |
Over the past year, FRME and OSBC have become more correlated (0.80) than their long-term average of 0.42, meaning their price movements have been converging.
Fundamentals
FRME:
$2.72B
OSBC:
$1.30B
FRME:
$3.12
OSBC:
$1.74
FRME:
13.83
OSBC:
14.54
FRME:
16.31
OSBC:
0.41
FRME:
2.45
OSBC:
3.04
FRME:
1.00
OSBC:
1.47
FRME:
$1.05B
OSBC:
$442.28M
FRME:
$477.22M
OSBC:
$254.19M
FRME:
$180.57M
OSBC:
$96.42M
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Return for Risk
FRME vs. OSBC — Risk / Return Rank
FRME
OSBC
FRME vs. OSBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Merchants Corporation (FRME) and Old Second Bancorp, Inc. (OSBC). 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 | OSBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.35 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 4.70 | -3.58 |
| Martin ratioReturn relative to average drawdown | 2.40 | 11.46 | -9.06 |
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Drawdowns
FRME vs. OSBC - Drawdown Comparison
The maximum FRME drawdown since its inception was -81.31%, smaller than the maximum OSBC drawdown of -97.67%. Use the drawdown chart below to compare losses from any high point for FRME and OSBC.
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Drawdown Indicators
| FRME | OSBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.31% | -97.67% | +16.36% |
Max Drawdown (1Y)Largest decline over 1 year | -15.73% | -10.93% | -4.80% |
Max Drawdown (3Y)Largest decline over 3 years | -23.94% | -25.52% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -43.72% | -36.27% | -7.45% |
Max Drawdown (10Y)Largest decline over 10 years | -53.03% | -60.07% | +7.04% |
Current DrawdownCurrent decline from peak | -4.62% | -10.41% | +5.79% |
Average DrawdownAverage peak-to-trough decline | -19.17% | -43.88% | +24.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.29% | 4.47% | +2.82% |
Volatility
FRME vs. OSBC - Volatility Comparison
First Merchants Corporation (FRME) has a higher volatility of 7.86% compared to Old Second Bancorp, Inc. (OSBC) at 5.86%. This indicates that FRME's price experiences larger fluctuations and is considered to be riskier than OSBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRME | OSBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 5.86% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 16.50% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.22% | 26.14% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.93% | 29.43% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.79% | 34.78% | -1.99% |
Dividends
FRME vs. OSBC - Dividend Comparison
FRME's dividend yield for the trailing twelve months is around 3.36%, more than OSBC's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRME First Merchants Corporation | 3.36% | 3.82% | 3.48% | 3.61% | 3.04% | 2.70% | 2.78% | 2.40% | 2.45% | 1.64% | 1.43% | 1.61% |
OSBC Old Second Bancorp, Inc. | 1.11% | 1.28% | 1.18% | 1.30% | 1.25% | 1.27% | 0.40% | 0.30% | 0.31% | 0.29% | 0.27% | 0.00% |
Financials
FRME vs. OSBC - Financials Comparison
This section allows you to compare key financial metrics between First Merchants Corporation and Old Second Bancorp, 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. OSBC - Profitability Comparison
FRME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, First Merchants Corporation reported a gross profit of 0.00 and revenue of 260.84M. Therefore, the gross margin over that period was 0.0%.
OSBC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Old Second Bancorp, Inc. reported a gross profit of 0.00 and revenue of 101.19M. 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 Aug 2026, First Merchants Corporation reported an operating income of 0.00 and revenue of 260.84M, resulting in an operating margin of 0.0%.
OSBC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Old Second Bancorp, Inc. reported an operating income of 0.00 and revenue of 101.19M, 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 Aug 2026, First Merchants Corporation reported a net income of 43.98M and revenue of 260.84M, resulting in a net margin of 16.9%.
OSBC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Old Second Bancorp, Inc. reported a net income of 28.18M and revenue of 101.19M, resulting in a net margin of 27.9%.
Frequently Asked Questions
FRME and OSBC have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRME has higher volatility (7.86%) compared to OSBC (5.86%). In terms of maximum drawdown, FRME dropped -81.31% vs OSBC's -97.67%.
OSBC currently has the higher Sharpe Ratio (1.97 vs 0.72), 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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