BANR vs FFBC: Correlation
Measured on weekly returns over the past three years, Banner Corporation (BANR) and First Financial Bancorp. (FFBC) 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 BANR and FFBC?
Across a 3-year window, the weekly returns of BANR and FFBC correlate at 0.87, 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 0.84, with an annualized covariance of 701.9 %².
Few assets follow BANR as closely as FFBC, which ranks #3 of 18 tracked partners. The last year tells two different stories: FFBC led by 19.6 percentage points, +7.1% for BANR against +26.7% for FFBC.
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.
BANR vs FFBC: side by side
| BANR (Banner Corporation) | FFBC (First Financial Bancorp.) | |
|---|---|---|
| 1-year return | +7.1% | +26.7% |
| 5-year return | +46.1% | +69.6% |
| Volatility (ann.) | 28.8% | 28.0% |
| Beta vs S&P 500 | 0.80 | 0.81 |
| Max drawdown (3Y) | -25.4% | -26.1% |
| Market cap | $2.4B | $3.4B |
| P/E (trailing) | 11.6 | 11.6 |
| Dividend yield | 2.84% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANR | FFBC |
|---|---|---|
| 2022 | +7.2% | +3.4% |
| 2023 | -11.9% | +2.4% |
| 2024 | +29.5% | +17.6% |
| 2025 | -3.2% | -3.3% |
| 2026 | +14.6% | +33.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANR and FFBC good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BANR and FFBC?
As of 2026-08-27, the correlation of weekly returns between BANR and FFBC is 0.87 over 3 years, 0.80 over 1 year and 0.84 over 5 years.
Is FFBC a good diversifier for BANR?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 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/banr-vs-ffbc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/banr-vs-ffbc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BANR correlations · FFBC correlations
