ABCB vs BANR: Correlation
Measured on weekly returns over the past three years, Ameris Bancorp (ABCB) and Banner Corporation (BANR) carry a correlation of 0.87, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and BANR?
On 3 years of weekly data the ABCB/BANR correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 744.7 %².
Among the 49 assets we track against ABCB, BANR ranks #9 by 3-year correlation. Over the last 12 months ABCB came out ahead by 9.8 percentage points (+16.9% against +7.1%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABCB vs BANR: side by side
| ABCB (Ameris Bancorp) | BANR (Banner Corporation) | |
|---|---|---|
| 1-year return | +16.9% | +7.1% |
| 5-year return | +86.9% | +46.1% |
| Volatility (ann.) | 29.7% | 28.8% |
| Beta vs S&P 500 | 1.06 | 0.80 |
| Max drawdown (3Y) | -29.5% | -25.4% |
| Market cap | $5.7B | $2.4B |
| P/E (trailing) | 15.5 | 11.6 |
| Dividend yield | 0.93% | 2.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | BANR |
|---|---|---|
| 2022 | -3.8% | +7.2% |
| 2023 | +14.3% | -11.9% |
| 2024 | +19.4% | +29.5% |
| 2025 | +20.1% | -3.2% |
| 2026 | +15.5% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and BANR good diversifiers for each other?
No. With a correlation of 0.87, ABCB and BANR move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ABCB and BANR?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.81 over the last year and 0.83 over 5 years.
Is BANR a good diversifier for ABCB?
No. With a correlation of 0.87, ABCB and BANR move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 mean?
On the −1 to +1 scale, 0.87 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abcb-vs-banr.json
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Related comparisons
Hubs: ABCB correlations · BANR correlations
