PCB vs. FMBH

Last updated Jun 4, 2026

PCB (PCB Bancorp) and FMBH (First Mid Bancshares, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, PCB returned 11.19%/yr vs 7.91%/yr for FMBH. At a 0.47 correlation, their price movements are largely independent.

Performance

PCB vs. FMBH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PCB Bancorp (PCB) and First Mid Bancshares, Inc. (FMBH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCB achieves a 12.92% return, which is significantly higher than FMBH's 11.89% return. Over the past 10 years, PCB has outperformed FMBH with an annualized return of 11.19%, while FMBH has yielded a comparatively lower 7.91% annualized return.

PCB

• 1D: -2.12%
• 1M: 0.47%
• YTD: 12.92%
• 6M: 10.82%
• 1Y: 28.57%
• 3Y*: 21.37%
• 5Y*: 11.68%
• 10Y*: 11.19%

FMBH

• 1D: -2.55%
• 1M: 0.76%
• YTD: 11.89%
• 6M: 8.15%
• 1Y: 22.86%
• 3Y*: 23.45%
• 5Y*: 2.43%
• 10Y*: 7.91%

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

PCB vs. FMBH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCB PCB Bancorp	12.92%	11.21%	14.55%	8.85%	-17.05%	122.72%	-39.25%	12.06%	1.69%	20.28%
FMBH First Mid Bancshares, Inc.	11.89%	8.71%	9.10%	11.60%	-23.21%	29.81%	-1.79%	12.89%	-15.58%	15.38%

Correlation

The correlation between PCB and FMBH is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jun 5, 2014	0.47

Over the past year, PCB and FMBH have become more correlated (0.74) than their long-term average of 0.47, meaning their price movements have been converging.

Fundamentals

Market Cap PCB : $341.72M FMBH : $1.07B
EPS PCB : $2.82 FMBH : $3.96
PE Ratio PCB : 8.50 FMBH : 10.89
PEG Ratio PCB : 3.12 FMBH : 1.29
PS Ratio PCB : 1.64 FMBH : 2.29
PB Ratio PCB : 1.04 FMBH : 1.00
Total Revenue (TTM) PCB : $208.73M FMBH : $456.37M
Gross Profit (TTM) PCB : $86.42M FMBH : $230.02M
EBITDA (TTM) PCB : $43.83M FMBH : $98.76M

Return for Risk

PCB vs. FMBH — Risk / Return Rank

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

PCB

PCB Risk / Return Rank: 73
PCB Sharpe Ratio Rank: 74
PCB Sortino Ratio Rank: 70
PCB Omega Ratio Rank: 66
PCB Calmar Ratio Rank: 79
PCB Martin Ratio Rank: 78

FMBH

FMBH Risk / Return Rank: 68
FMBH Sharpe Ratio Rank: 69
FMBH Sortino Ratio Rank: 65
FMBH Omega Ratio Rank: 62
FMBH Calmar Ratio Rank: 71
FMBH Martin Ratio Rank: 72

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.

PCB vs. FMBH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PCB Bancorp (PCB) and First Mid Bancshares, Inc. (FMBH). 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.

	PCB	FMBH	Difference
Sharpe ratio Return per unit of total volatility	1.12	0.92	+0.20
Sortino ratio Return per unit of downside risk	1.73	1.47	+0.26
Omega ratio Gain probability vs. loss probability	1.20	1.17	+0.03
Calmar ratio Return relative to maximum drawdown	2.52	1.65	+0.87
Martin ratio Return relative to average drawdown	5.67	4.06	+1.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCB vs. FMBH - Sharpe Ratio Comparison

The current PCB Sharpe Ratio is 1.12, which is comparable to the FMBH Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of PCB and FMBH, 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

	PCB	FMBH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	0.92	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.09	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.26	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.16	+0.13

Drawdowns

PCB vs. FMBH - Drawdown Comparison

The maximum PCB drawdown since its inception was -60.93%, smaller than the maximum FMBH drawdown of -73.14%. Use the drawdown chart below to compare losses from any high point for PCB and FMBH.

Drawdown Indicators

	PCB	FMBH	Difference
Max Drawdown Largest peak-to-trough decline	-60.93%	-73.14%	+12.21%
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	-13.93%	+2.54%
Max Drawdown (3Y) Largest decline over 3 years	-22.84%	-27.46%	+4.62%
Max Drawdown (5Y) Largest decline over 5 years	-46.49%	-48.94%	+2.45%
Max Drawdown (10Y) Largest decline over 10 years	-60.93%	-51.27%	-9.66%
Current Drawdown Current decline from peak	-3.42%	-2.62%	-0.80%
Average Drawdown Average peak-to-trough decline	-18.43%	-29.03%	+10.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.06%	5.65%	-0.59%

Volatility

PCB vs. FMBH - Volatility Comparison

PCB Bancorp (PCB) and First Mid Bancshares, Inc. (FMBH) have volatilities of 6.14% and 6.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCB	FMBH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	6.19%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	17.81%	16.99%	+0.82%
Volatility (1Y) Calculated over the trailing 1-year period	25.68%	24.99%	+0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.81%	27.14%	+2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.37%	31.03%	+2.34%

Dividends

PCB vs. FMBH - Dividend Comparison

PCB's dividend yield for the trailing twelve months is around 3.50%, more than FMBH's 2.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMBH First Mid Bancshares, Inc.	2.32%	2.51%	2.55%	2.65%	2.81%	1.99%	2.41%	2.16%	2.19%	1.71%	1.82%	2.27%
PCB PCB Bancorp	3.50%	3.70%	3.56%	3.74%	3.39%	2.00%	3.96%	1.45%	0.77%	0.77%	0.92%	0.70%

Financials

PCB vs. FMBH - Profitability Comparison

The chart below illustrates the profitability comparison between PCB Bancorp and First Mid Bancshares, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PCB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PCB Bancorp reported a gross profit of 0.00 and revenue of 48.83M. Therefore, the gross margin over that period was 0.0%.

FMBH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Mid Bancshares, Inc. reported a gross profit of 0.00 and revenue of 100.62M. Therefore, the gross margin over that period was 0.0%.

PCB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PCB Bancorp reported an operating income of 0.00 and revenue of 48.83M, resulting in an operating margin of 0.0%.

FMBH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Mid Bancshares, Inc. reported an operating income of 0.00 and revenue of 100.62M, resulting in an operating margin of 0.0%.

PCB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PCB Bancorp reported a net income of 10.65M and revenue of 48.83M, resulting in a net margin of 21.8%.

FMBH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Mid Bancshares, Inc. reported a net income of 26.33M and revenue of 100.62M, resulting in a net margin of 26.2%.

Frequently Asked Questions

Can I hold both PCB and FMBH in my portfolio?

PCB and FMBH have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCB or FMBH?

FMBH has higher volatility (6.19%) compared to PCB (6.14%). In terms of maximum drawdown, PCB dropped -60.93% vs FMBH's -73.14%.

Which has better risk-adjusted returns?

PCB currently has the higher Sharpe Ratio (1.12 vs 0.92), 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.