credit / rates affecting interest expense
“Interest expense on deposits decreased $38.1 million, reflecting lower rates across all deposit categories.”
FRME 10-K
Confirmed
Regional Banks
28 names are moving together; 7% are participating in the current session.
4 observed Confirmed episodes
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| UBSI | United Bankshares, Inc. | Financial Services | +0.1% | Group member |
| OBK | Origin Bancorp, Inc. | Financial Services | -0.1% | 1/11 observed active sessions |
| BY | Byline Bancorp, Inc. | Financial Services | -0.4% | 4/11 observed active sessions |
| QCRH | QCR Holdings, Inc. | Financial Services | -0.9% | 1/11 observed active sessions |
| MCB | Metropolitan Bank Holding Corp. | Financial Services | -0.3% | 2/11 observed active sessions |
| BHRB | Burke & Herbert Financial Servi | Financial Services | -0.2% | 1/11 observed active sessions |
| UCB | United Community Banks, Inc. | Financial Services | +0.2% | Group member |
| SFNC | Simmons First National Corporat | Financial Services | -0.4% | Group member |
| CATY | Cathay General Bancorp | Financial Services | -0.5% | 2/11 observed active sessions |
| MBIN | Merchants Bancorp | Financial Services | +1.4% | Group member |
| BFST | Business First Bancshares, Inc. | Financial Services | -0.5% | Group member |
| FRME | First Merchants Corporation | Financial Services | -0.1% | 1/11 observed active sessions |
| CVBF | CVB Financial Corporation | Financial Services | +0.6% | 1/11 observed active sessions |
| OCFC | OceanFirst Financial Corp. | Financial Services | +0.6% | 1/11 observed active sessions |
| FFBC | First Financial Bancorp. | Financial Services | -0.6% | Group member |
| SFBS | ServisFirst Bancshares, Inc. | Financial Services | +0.8% | 1/11 observed active sessions |
| CBU | Community Financial System, Inc | Financial Services | +0.2% | 3/11 observed active sessions |
| TRST | TrustCo Bank Corp NY | Financial Services | -0.3% | Group member |
| FBK | FB Financial Corporation | Financial Services | +3.2% | 2/11 observed active sessions |
| TFSL | TFS Financial Corporation | Financial Services | +0.2% | 2/11 observed active sessions |
| CUBI | Customers Bancorp, Inc | Financial Services | +0.3% | Group member |
| IBOC | International Bancshares Corpor | Financial Services | -0.9% | 2/11 observed active sessions |
| WSFS | WSFS Financial Corporation | Financial Services | -0.3% | 2/11 observed active sessions |
| WAFD | WaFd, Inc. | Financial Services | -0.3% | 3/11 observed active sessions |
Why we believe this
Cohort
28 namesParticipation
7% this sessionObserved history
14 daily buildsFiling coverage
28/28 memberscredit / rates
“Subordinated debentures and other borrowings decreased $35.9 million due to the repayment of $30.0 million of Level One subordinated notes and $5.0 million of Fixed-to-Floating Rate Senior Notes due 2028 (“Senior Debt”) during 2025.”
FRME 10-K
demand / volume
“Total average interest-bearing deposits increased $396.0 million, primarily due to increases in money market deposits and interest-bearing demand deposits, partially offset by reductions in certificates and other time deposits and savings deposits.”
FRME 10-Q
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
BFC
WAFDtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
HOMB
SFBStext peer · Moving with the group now · 110 min observed
No filing excerpt is available for this relationship.
TFC
UBSIcustomer · Moving with the group now · 110 min observed
Filing receipt · TFC / UBSI
“These included Truist Bank at $7.42 million and Emigrant Bank at $5.25 million.”
UBSI · customer
HAFC
SFBStext peer · Not moving with the group now
No filing excerpt is available for this relationship.
SSB
BHRBtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
History
2026-07-07 → 2026-07-146 observed active sessions · 0% of active names held across the episode
2026-07-01 → 2026-07-022 observed active sessions · 0% of active names held across the episode
2026-06-25 → 2026-06-262 observed active sessions · 11.1% of active names held across the episode
2026-06-181 observed active session · 100% of active names held across the episode