BANC vs FNB: Correlation
Measured on weekly returns over the past three years, Banc of California, Inc. (BANC) and F.N.B. Corporation (FNB) 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 BANC and FNB?
Across a 3-year window, the weekly returns of BANC and FNB correlate at 0.78, strong. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 717.1 %².
By 3-year correlation, FNB places #5 of the 14 assets tracked against BANC. Their 12-month results are close: +14.7% for BANC against +13.4% for FNB.
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.
BANC vs FNB: side by side
| BANC (Banc of California, Inc.) | FNB (F.N.B. Corporation) | |
|---|---|---|
| 1-year return | +14.7% | +13.4% |
| 5-year return | +18.5% | +91.1% |
| Volatility (ann.) | 33.4% | 27.4% |
| Beta vs S&P 500 | 1.08 | 1.03 |
| Max drawdown (3Y) | -31.2% | -32.6% |
| Market cap | $3.0B | $6.6B |
| P/E (trailing) | – | 11.0 |
| Dividend yield | 2.34% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANC | FNB |
|---|---|---|
| 2022 | -17.7% | +11.7% |
| 2023 | -13.0% | +9.8% |
| 2024 | +18.3% | +11.0% |
| 2025 | +28.0% | +19.4% |
| 2026 | -1.6% | +9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANC and FNB 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 BANC and FNB?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.77 over the last year and 0.76 over 5 years.
Is FNB a good diversifier for BANC?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/banc-vs-fnb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/banc-vs-fnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BANC correlations · FNB correlations
