AMTB vs FMBH: Correlation
Measured on weekly returns over the past three years, Amerant Bancorp Inc. (AMTB) and First Mid Bancshares, Inc. (FMBH) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMTB and FMBH?
Over the past 3 years, AMTB and FMBH moved with a correlation of 0.78, which is strong. Little has changed lately, as the 1-year reading of 0.80 lands near the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 700.8 %².
In AMTB's tracked universe of 11 assets, FMBH sits right near the top at #2. On 12-month performance AMTB holds a 9.8-point edge, +36.7% against +26.9%.
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.
AMTB vs FMBH: side by side
| AMTB (Amerant Bancorp Inc.) | FMBH (First Mid Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +36.7% | +26.9% |
| 5-year return | +17.3% | +40.9% |
| Volatility (ann.) | 34.6% | 26.0% |
| Beta vs S&P 500 | 0.99 | 0.76 |
| Max drawdown (3Y) | -36.9% | -27.5% |
| Market cap | $1.1B | $1.3B |
| P/E (trailing) | 20.6 | 12.5 |
| Dividend yield | 1.26% | 1.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMTB | FMBH |
|---|---|---|
| 2022 | -21.4% | -23.2% |
| 2023 | -6.8% | +11.6% |
| 2024 | -7.3% | +9.1% |
| 2025 | -11.3% | +8.7% |
| 2026 | +49.4% | +31.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMTB and FMBH good diversifiers for each other?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMTB and FMBH?
As of 2026-08-27, the correlation of weekly returns between AMTB and FMBH is 0.78 over 3 years, 0.80 over 1 year and 0.71 over 5 years.
Is FMBH a good diversifier for AMTB?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.78 mean?
A reading of 0.78 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amtb-vs-fmbh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amtb-vs-fmbh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMTB correlations · FMBH correlations
