Themes / Group
Fading · newly observed relationshipLatest completed snapshot · Aug 24 · 16:55 ET

MARKET-DISCOVERED GROUP

Regional Banks · FRME

THE TRADER READShared activity without a clean directional read

Price direction is split across 7 measured members. Capital-flow confirmation is unavailable.

Price breadth4 up · 3 downRelative median unavailable
Capital-flow alignmentUnavailablePrice breadth is not yet confirmed by flow
Activity nowLow_pressureActivity score 20/100
Evidence depth0 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

0 timed events
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

TUE, FEB 24FRME filing documented shared operating contextcredit / rates affecting interest expense · date precision only

WED, AUG 19AX filing documented shared operating contextcredit / rates affecting interest expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

7/7 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across FRME, SSB, TCBI, WSBC.

credit / rates affecting interest expense

“Interest expense on deposits decreased $38.1 million, reflecting lower rates across all deposit categories.”

FRME 10-K · 2026-02-25
credit / 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 · 2026-02-25
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 · 2025-10-30
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming
FULT → UVXYPositive historical lead/lag · strength 0.38
FULT → SLVInverse historical lead/lag · strength -0.28

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

No high-confidence filing-linked outsiders are available for this group yet.

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
FULTWSBCSSBTFSLFRMEAXTCBI

4/7 active4 rising · 3 falling

MemberUnusual activityToday's moveRead now
FULTFulton Financial Corporation
Elevated · 100/100
+0.3%
Active; unclassifiedHistorical role unavailable
WSBCWesBanco, Inc.
Elevated · 100/100
-0.5%
Active; unclassifiedHistorical role unavailable
SSBSouthState Bank Corporation
Elevated · 62/100
-0.6%
Active; unclassifiedHistorical role unavailable
TFSLTFS Financial Corporation
Elevated · 43/100
+0.8%
Active; unclassifiedHistorical role unavailable
FRMEFirst Merchants Corporation
Most unusual · 34/100
-0.9%
Active; unclassifiedHistorical role unavailable
AXAxos Financial, Inc.
Elevated · 28/100
+1.6%
Active; unclassifiedHistorical role unavailable
TCBITexas Capital Bancshares, Inc.
Elevated · 25/100
+0.7%
Active; unclassifiedHistorical role unavailable
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
FULTFulton Financial CorporationParticipating+0.3%—Price participation is not yet confirmed by per-name flow.
WSBCWesBanco, Inc.Participating-0.5%—Price participation is not yet confirmed by per-name flow.
SSBSouthState Bank CorporationParticipating-0.6%—Price participation is not yet confirmed by per-name flow.
TFSLTFS Financial CorporationParticipating+0.8%—Price participation is not yet confirmed by per-name flow.
FRMEFirst Merchants CorporationMost unusual-0.9%—Most unusual activity in this snapshot; performance direction may differ.
AXAxos Financial, Inc.Participating+1.6%—Price participation is not yet confirmed by per-name flow.
TCBITexas Capital Bancshares, Inc.Participating+0.7%—Price participation is not yet confirmed by per-name flow.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

No point-in-time live observations have completed yet.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support0 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades

Historical cohort observations are not available yet.