OSBC vs. FRME
OSBC (Old Second Bancorp, Inc.) and FRME (First Merchants Corporation) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, OSBC returned 13.53%/yr vs 8.55%/yr for FRME. At a 0.42 correlation, their price movements are largely independent.
Performance
OSBC vs. FRME - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with OSBC having a 18.20% return and FRME slightly lower at 17.70%. Over the past 10 years, OSBC has outperformed FRME with an annualized return of 13.53%, while FRME has yielded a comparatively lower 8.55% annualized return.
OSBC
- 1D
- 0.18%
- 1M
- 1.73%
- 6M
- 16.53%
- YTD
- 18.20%
- 1Y
- 24.15%
- 3Y*
- 20.87%
- 5Y*
- 14.75%
- 10Y*
- 13.53%
FRME
- 1D
- 0.46%
- 1M
- 2.87%
- 6M
- 17.14%
- YTD
- 17.70%
- 1Y
- 9.61%
- 3Y*
- 18.01%
- 5Y*
- 5.26%
- 10Y*
- 8.55%
OSBC vs. FRME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OSBC Old Second Bancorp, Inc. | 18.20% | 11.25% | 16.69% | -2.37% | 29.23% | 26.26% | -24.70% | 3.93% | -4.50% | 23.95% |
FRME First Merchants Corporation | 17.70% | -2.55% | 11.82% | -5.82% | 1.11% | 14.99% | -6.93% | 24.62% | -16.93% | 13.63% |
Correlation
The correlation between OSBC and FRME is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 1995 | 0.42 |
Over the past year, OSBC and FRME have become more correlated (0.82) than their long-term average of 0.42, meaning their price movements have been converging.
Fundamentals
OSBC:
$1.18B
FRME:
$2.73B
OSBC:
$2.41
FRME:
$3.39
OSBC:
9.49
FRME:
12.77
OSBC:
0.26
FRME:
15.06
OSBC:
1.98
FRME:
2.42
OSBC:
$412.93M
FRME:
$1.05B
OSBC:
$240.87M
FRME:
$484.80M
OSBC:
$91.93M
FRME:
$217.48M
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Return for Risk
OSBC vs. FRME — Risk / Return Rank
OSBC
FRME
OSBC vs. FRME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Second Bancorp, Inc. (OSBC) 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.
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.
| OSBC | FRME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.09 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 0.61 | +1.18 |
| Martin ratioReturn relative to average drawdown | 4.20 | 1.27 | +2.93 |
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Drawdowns
OSBC vs. FRME - Drawdown Comparison
The maximum OSBC drawdown since its inception was -97.67%, which is greater than FRME's maximum drawdown of -81.31%. Use the drawdown chart below to compare losses from any high point for OSBC and FRME.
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Drawdown Indicators
| OSBC | FRME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.67% | -81.31% | -16.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -15.73% | +3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -25.52% | -23.94% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | -43.72% | +7.45% |
Max Drawdown (10Y)Largest decline over 10 years | -60.07% | -53.03% | -7.04% |
Current DrawdownCurrent decline from peak | -19.14% | -2.24% | -16.90% |
Average DrawdownAverage peak-to-trough decline | -43.94% | -19.19% | -24.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 7.57% | -2.19% |
Volatility
OSBC vs. FRME - Volatility Comparison
The current volatility for Old Second Bancorp, Inc. (OSBC) is 5.55%, while First Merchants Corporation (FRME) has a volatility of 6.10%. This indicates that OSBC experiences smaller price fluctuations and is considered to be less risky than FRME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OSBC | FRME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 6.10% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 18.98% | 16.80% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.42% | 24.18% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.47% | 29.87% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.84% | 32.75% | +2.09% |
Dividends
OSBC vs. FRME - Dividend Comparison
OSBC's dividend yield for the trailing twelve months is around 1.18%, less than FRME's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRME First Merchants Corporation | 3.35% | 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. | 1.18% | 1.28% | 1.18% | 1.30% | 1.25% | 1.27% | 0.40% | 0.30% | 0.31% | 0.29% | 0.27% | 0.00% |
Financials
OSBC vs. FRME - Financials Comparison
This section allows you to compare key financial metrics between Old Second Bancorp, Inc. and First Merchants Corporation. 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
OSBC vs. FRME - Profitability Comparison
OSBC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Old Second Bancorp, Inc. reported a gross profit of 0.00 and revenue of 98.35M. Therefore, the gross margin over that period was 0.0%.
FRME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
OSBC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Old Second Bancorp, Inc. reported an operating income of 0.00 and revenue of 98.35M, resulting in an operating margin of 0.0%.
FRME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, First Merchants Corporation reported an operating income of 0.00 and revenue of 248.57M, resulting in an operating margin of 0.0%.
OSBC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Old Second Bancorp, Inc. reported a net income of 25.59M and revenue of 98.35M, resulting in a net margin of 26.0%.
FRME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, First Merchants Corporation reported a net income of 28.16M and revenue of 248.57M, resulting in a net margin of 11.3%.
Frequently Asked Questions
OSBC and FRME have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRME has higher volatility (6.10%) compared to OSBC (5.55%). In terms of maximum drawdown, OSBC dropped -97.67% vs FRME's -81.31%.
OSBC currently has the higher Sharpe Ratio (0.84 vs 0.40), 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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