FIBK vs SBCF: Correlation
First Interstate BancSystem, Inc. (FIBK) and Seacoast Banking Corporation of Florida (SBCF) show a very strong relationship: their 3-year correlation of weekly returns is 0.88.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIBK and SBCF?
Over the past 3 years, FIBK and SBCF moved with a correlation of 0.88, which is very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.77) runs below the 3-year figure (0.88). Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 818.6 %².
In FIBK's tracked universe of 20 assets, SBCF sits right near the top at #1. Over the last 12 months FIBK came out ahead by 9.2 percentage points (+21.9% against +12.7%).
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.
FIBK vs SBCF: side by side
| FIBK (First Interstate BancSystem, Inc.) | SBCF (Seacoast Banking Corporation of Florida) | |
|---|---|---|
| 1-year return | +21.9% | +12.7% |
| 5-year return | +13.8% | +23.0% |
| Volatility (ann.) | 30.3% | 30.8% |
| Beta vs S&P 500 | 0.98 | 0.96 |
| Max drawdown (3Y) | -31.8% | -27.8% |
| Market cap | $3.6B | $3.3B |
| P/E (trailing) | 11.5 | 22.3 |
| Dividend yield | 5.05% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIBK | SBCF |
|---|---|---|
| 2022 | -0.8% | -10.1% |
| 2023 | -14.8% | -6.0% |
| 2024 | +12.9% | -0.5% |
| 2025 | +13.5% | +17.1% |
| 2026 | +11.8% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIBK and SBCF good diversifiers for each other?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FIBK and SBCF?
Using weekly returns as of 2026-08-27: 0.88 over 3 years, with 0.77 over the last year and 0.77 over 5 years.
Is SBCF a good diversifier for FIBK?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.88 mean?
A reading of 0.88 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/fibk-vs-sbcf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fibk-vs-sbcf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FIBK correlations · SBCF correlations
