FBK vs FFBC: Correlation
FB Financial Corporation (FBK) and First Financial Bancorp. (FFBC) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBK and FFBC?
On 3 years of weekly data the FBK/FFBC correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.75 versus 0.87 over 3 years. The 5-year figure is 0.82, and annualized covariance runs at 738.8 %².
FFBC is one of the assets that tracks FBK most closely: it ranks #2 out of the 10 assets we track against FBK. Correlation aside, the last 12 months split them widely, with FFBC ahead by 17.8 points (+8.9% versus +26.7%).
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.
FBK vs FFBC: side by side
| FBK (FB Financial Corporation) | FFBC (First Financial Bancorp.) | |
|---|---|---|
| 1-year return | +8.9% | +26.7% |
| 5-year return | +53.1% | +69.6% |
| Volatility (ann.) | 30.3% | 28.0% |
| Beta vs S&P 500 | 0.94 | 0.81 |
| Max drawdown (3Y) | -30.6% | -26.1% |
| Market cap | $2.9B | $3.4B |
| P/E (trailing) | 15.3 | 11.6 |
| Dividend yield | 1.39% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBK | FFBC |
|---|---|---|
| 2022 | -16.5% | +3.4% |
| 2023 | +12.3% | +2.4% |
| 2024 | +31.4% | +17.6% |
| 2025 | +10.0% | -3.3% |
| 2026 | +4.4% | +33.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBK 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 FBK and FFBC?
The FBK/FFBC correlation stands at 0.87 on a 3-year window (1 year: 0.75, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is FFBC a good diversifier for FBK?
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?
A reading of 0.87 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
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Related comparisons
Hubs: FBK correlations · FFBC correlations
