ABCB vs FBNC: Correlation
How closely do Ameris Bancorp (ABCB) and First Bancorp (FBNC) trade together? Their weekly returns over three years give a correlation of 0.86, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and FBNC?
Across a 3-year window, the weekly returns of ABCB and FBNC correlate at 0.86, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. Stretching to 5 years gives 0.82, with an annualized covariance of 769.2 %².
Within ABCB's tracked universe of 49 assets, FBNC comes in at #14 by 3-year correlation. Neither side won the trailing year by much: +16.9% against +16.9%.
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 FBNC: side by side
| ABCB (Ameris Bancorp) | FBNC (First Bancorp) | |
|---|---|---|
| 1-year return | +16.9% | +16.9% |
| 5-year return | +86.9% | +72.4% |
| Volatility (ann.) | 29.7% | 30.0% |
| Beta vs S&P 500 | 1.06 | 0.89 |
| Max drawdown (3Y) | -29.5% | -26.0% |
| Market cap | $5.7B | $2.6B |
| P/E (trailing) | 15.5 | 19.9 |
| Dividend yield | 0.93% | 1.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | FBNC |
|---|---|---|
| 2022 | -3.8% | -4.2% |
| 2023 | +14.3% | -11.2% |
| 2024 | +19.4% | +21.7% |
| 2025 | +20.1% | +17.8% |
| 2026 | +15.5% | +26.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and FBNC good diversifiers for each other?
No: a correlation of 0.86 means ABCB and FBNC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ABCB and FBNC?
As of 2026-08-27, the correlation of weekly returns between ABCB and FBNC is 0.86 over 3 years, 0.80 over 1 year and 0.82 over 5 years.
Is FBNC a good diversifier for ABCB?
No: a correlation of 0.86 means ABCB and FBNC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 mean?
On the −1 to +1 scale, 0.86 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-fbnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcb-vs-fbnc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCB correlations · FBNC correlations
