Elizabeth Park Capital Advisors, Ltd.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Elizabeth Park Capital Advisors, Ltd. reported 44 stock positions worth $115.5 million. Its top holding was QCR (QCRH) at 6.2% of the portfolio, followed by Sandy Spring Bancorp (SASR, 4.1%) and First Bancshares (FBMS, 3.9%). Compared with Q1 2024, it opened 6 new positions, sold out of 8, added to 7 and reduced 11. The biggest buy was a new position in Sandy Spring Bancorp (SASR) and the biggest sale an exit from Umb Financial (UMBF).

Most Recent 13F
Q2 2026
Location
PEPPER PIKE, OH
CIK
0001600583
Portfolio Value
$115.5M (Q2 2024)
SEC Filing
0001493152-24-032006 ↗ filed Aug 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $120.5M Q1 2024 Q2 2024: $115.5M $115.5M Q2 2024 Q3 2024: $123.8M Q3 2024 Q4 2024: $122.7M Q4 2024 Q1 2025: $110.3M Q1 2025 Q2 2025: $111.5M Q2 2025 Q3 2025: $123.6M Q3 2025 Q4 2025: $121.4M Q4 2025 Q1 2026: $129.9M Q1 2026 Q2 2026: $144.8M Q2 2026

Holdings 44 stocks · $115.5M
QCRH QCR Holdings Inc. 6.20% 119,268 $7.2M Reduce -3.0%
SASR Sandy Spring Bancorp Inc. 4.14% 196,138 $4.8M New
FBMS First Bancshares Inc. 3.94% 175,056 $4.5M New
STEL Stellar Bancorp Inc. 3.70% 186,217 $4.3M Add +55.2%
PFC Premier Financial Corp. 3.30% 186,564 $3.8M Reduce -6.1%
EWBC East West Bancorp Inc. 2.86% 45,100 $3.3M No change
FITB Fifth Third Bancorp 2.84% 90,000 $3.3M No change
VABK Virginia National Bankshares 2.78% 98,076 $3.2M No change
ONB Old National Bancorp 2.75% 185,100 $3.2M No change
PNFP Pinnacle Financial Partners 2.68% 38,621 $3.1M No change
KEY Keycorp 2.66% 216,500 $3.1M No change
FFWM First Foundation Inc. 2.63% 463,953 $3.0M Add +26.7%
SMBK Smartfinancial Inc. 2.62% 127,649 $3.0M Reduce -13.6%
CFG Citizens Financial Group 2.49% 79,830 $2.9M Add +6.0%
JMSB John Marshall Bancorp Inc. 2.48% 164,071 $2.9M Reduce -6.8%
ESQ Esquire Financial Holdings I 2.46% 59,738 $2.8M Reduce -15.5%
TCBI Texas Capital Bancshares Inc. 2.46% 46,508 $2.8M No change
OFG Ofg Bancorp 2.32% 71,696 $2.7M No change
NRIM Northrim Bancorp Inc. 2.31% 46,316 $2.7M Add +27.3%
PEBO Peoples Bancorp Inc. 2.28% 87,652 $2.6M No change
MNSB Mainstreet Bancshares Inc. 2.23% 145,355 $2.6M No change
WBS Webster Financial Corp. 2.17% 57,475 $2.5M No change
RRBI Red River Bancshares Inc. 2.15% 51,645 $2.5M No change
FCCO First Community Corp. 2.15% 143,672 $2.5M Reduce -5.3%
VBFC Village Bank and Trust Finan 2.10% 54,493 $2.4M Add +20.4%
CUBI Customers Bancorp Inc. 2.02% 48,739 $2.3M Add +5.4%
EVBN Evans Bancorp Inc. 1.91% 78,462 $2.2M Reduce -22.4%
MBIN Merchants Bancorp 1.85% 52,763 $2.1M No change
CBNK Capital Bancorp Inc. 1.83% 103,265 $2.1M No change
WTFC Wintrust Financial Corp. 1.83% 21,392 $2.1M New
EFSC Enterprise Financial Service 1.82% 51,326 $2.1M No change
BRBS Blue Ridge Bankshares Inc. 1.82% 803,446 $2.1M New
CFBK CF Bankshares Inc. 1.80% 110,860 $2.1M Reduce -21.0%
PGC Peapack Gladstone Finl Corp. 1.71% 86,980 $2.0M Reduce -19.3%
PB Prosperity Bancshares Inc. 1.67% 31,500 $1.9M Add +10.5%
TRMK Trustmark Corp. 1.62% 62,133 $1.9M New
ABCB Ameris Bancorp 1.61% 36,847 $1.9M No change
NBHC National Bank Hold Class A 1.50% 44,391 $1.7M Reduce -30.1%
USCB Uscb Financial Holdings Inc. 1.32% 118,856 $1.5M No change
CCNE CNB Financial Corp. 1.17% 66,458 $1.4M No change
PLBC Plumas Bancorp 1.08% 34,668 $1.2M New
CIVB Civista Bancshares Inc. 1.06% 79,224 $1.2M No change
FSEA First Seacoast Bancorp Inc. 0.97% 125,000 $1.1M No change
FRME First Merchants Corp. 0.72% 24,989 $832K Reduce -50.0%

Portfolio Sells Q1 2024 → Q2 2024
UMBF Umb Financial Corp. Sold out 0.00% −2.46
CMA Comerica Inc. Sold out 0.00% −2.20
MCBC Macatawa Bank Corp. Sold out 0.00% −2.07
IBTX Independent Bank Group Inc. Sold out 0.00% −1.88
CALB California Bancorp Inc. Sold out 0.00% −1.79
FNB FNB Corp. Sold out 0.00% −1.75
HTLF Heartland Financial USA Inc. Sold out 0.00% −1.72
BANR Banner Corporation Sold out 0.00% −1.43
FRME First Merchants Corp. Reduce -50.0% 0.72% −0.73
EVBN Evans Bancorp Inc. Reduce -22.4% 1.91% −0.60
CFBK CF Bankshares Inc. Reduce -21.0% 1.80% −0.52
PGC Peapack Gladstone Finl Corp. Reduce -19.3% 1.71% −0.47
NBHC National Bank Hold Class A Reduce -30.1% 1.50% −0.40
ESQ Esquire Financial Holdings I Reduce -15.5% 2.46% −0.32
JMSB John Marshall Bancorp Inc. Reduce -6.8% 2.48% −0.14
FCCO First Community Corp. Reduce -5.3% 2.15% −0.05
PFC Premier Financial Corp. Reduce -6.1% 3.30% −0.04
QCRH QCR Holdings Inc. Reduce -3.0% 6.20% −0.00
SMBK Smartfinancial Inc. Reduce -13.6% 2.62% +0.03

Portfolio Buys Q1 2024 → Q2 2024
SASR Sandy Spring Bancorp Inc. New 4.14% +4.14
FBMS First Bancshares Inc. New 3.94% +3.94
WTFC Wintrust Financial Corp. New 1.83% +1.83
BRBS Blue Ridge Bankshares Inc. New 1.82% +1.82
TRMK Trustmark Corp. New 1.62% +1.62
STEL Stellar Bancorp Inc. Add +55.2% 3.70% +1.28
PLBC Plumas Bancorp New 1.08% +1.08
NRIM Northrim Bancorp Inc. Add +27.3% 2.31% +0.79
VBFC Village Bank and Trust Finan Add +20.4% 2.10% +0.51
FFWM First Foundation Inc. Add +26.7% 2.63% +0.34
CFG Citizens Financial Group Add +6.0% 2.49% +0.22
PB Prosperity Bancshares Inc. Add +10.5% 1.67% +0.11
CUBI Customers Bancorp Inc. Add +5.4% 2.02% −0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 44$144.8MQCRH, OBK, BCAL, HBNC, VLY
Q1 2026 46$129.9MQCRH, OBK, HBNC, BCAL, VLY
Q4 2025 45$121.4MQCRH, OBK, CFG, HBNC, VLY
Q3 2025 48$123.6MQCRH, CFG, VLY, CBNK, EWBC
Q2 2025 41$111.5MQCRH, VBTX, BMRC, CCB, HBAN
Q1 2025 43$110.3MQCRH, BMRC, ONB, CCB, VLY
Q4 2024 41$122.7MQCRH, BMRC, STEL, EWBC, SMBK
Q3 2024 43$123.8MQCRH, SASR, STEL, VBFC, VABK
Q2 2024 44$115.5MQCRH, SASR, FBMS, STEL, PFC
Q1 2024 46$120.5MQCRH, PFC, EWBC, KEY, ESQ