MBWM vs TCBX: Correlation
Mercantile Bank Corporation (MBWM) and Third Coast Bancshares, Inc. (TCBX) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBWM and TCBX?
Over the past 3 years, MBWM and TCBX moved with a correlation of 0.75, which is strong. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 707.3 %².
Among the 26 assets we track against MBWM, TCBX ranks #18 by 3-year correlation. Over the last 12 months MBWM came out ahead by 10.9 percentage points (+23.7% against +12.8%).
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.
MBWM vs TCBX: side by side
| MBWM (Mercantile Bank Corporation) | TCBX (Third Coast Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +23.7% | +12.8% |
| 5-year return | +126.2% | +80.3% |
| Volatility (ann.) | 29.8% | 31.7% |
| Beta vs S&P 500 | 0.82 | 0.88 |
| Max drawdown (3Y) | -25.0% | -28.9% |
| Market cap | $1.0B | $0.8B |
| P/E (trailing) | 10.5 | 11.0 |
| Dividend yield | 2.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBWM | TCBX |
|---|---|---|
| 2022 | -0.8% | -29.1% |
| 2023 | +25.8% | +7.8% |
| 2024 | +14.0% | +70.9% |
| 2025 | +11.7% | +12.0% |
| 2026 | +26.1% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBWM and TCBX good diversifiers for each other?
To a limited degree. At 0.75 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 MBWM and TCBX?
As of 2026-08-27, the correlation of weekly returns between MBWM and TCBX is 0.75 over 3 years, 0.79 over 1 year and 0.58 over 5 years.
Is TCBX a good diversifier for MBWM?
To a limited degree. At 0.75 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 0.75 mean?
A reading of 0.75 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MBWM correlations · TCBX correlations
