Elizabeth Park Capital Advisors, Ltd.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Elizabeth Park Capital Advisors, Ltd. reported 43 stock positions worth $123.8 million. Its top holding was QCR (QCRH) at 7.1% of the portfolio, followed by Sandy Spring Bancorp (SASR, 4.5%) and Stellar Bancorp (STEL, 3.9%). Compared with Q2 2024, it opened 10 new positions, sold out of 11, added to 2 and reduced 12. The biggest buy was a new position in Huntington Bancshares (HBAN) and the biggest sale an exit from First Bancshares (FBMS).

Most Recent 13F
Q2 2026
Location
PEPPER PIKE, OH
CIK
0001600583
Portfolio Value
$123.8M (Q3 2024)
SEC Filing
0001493152-24-044629 ↗ filed Nov 12, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $120.5M Q1 2024 Q2 2024: $115.5M Q2 2024 Q3 2024: $123.8M $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 43 stocks · $123.8M
QCRH QCR Holdings Inc. 7.13% 119,268 $8.8M No change
SASR Sandy Spring Bancorp Inc. 4.51% 178,085 $5.6M Reduce -9.2%
STEL Stellar Bancorp Inc. 3.89% 186,217 $4.8M No change
VBFC Village Bank and Trust Finan 3.35% 54,493 $4.2M No change
VABK Virginia National Bankshares 3.30% 98,076 $4.1M No change
PNFP Pinnacle Financial Partners 3.06% 38,621 $3.8M No change
EWBC East West Bancorp Inc. 3.01% 45,100 $3.7M No change
SMBK Smartfinancial Inc. 3.00% 127,649 $3.7M No change
FFWM First Foundation Inc. 2.85% 564,649 $3.5M Add +21.7%
ONB Old National Bancorp 2.68% 178,100 $3.3M Reduce -3.8%
FITB Fifth Third Bancorp 2.66% 77,000 $3.3M Reduce -14.4%
CFG Citizens Financial Group 2.65% 79,830 $3.3M No change
JMSB John Marshall Bancorp Inc. 2.61% 163,660 $3.2M Reduce -0.3%
OFG Ofg Bancorp 2.60% 71,696 $3.2M No change
ESQ Esquire Financial Holdings I 2.54% 48,210 $3.1M Reduce -19.3%
HBAN Huntington Bancshares Inc. 2.50% 211,000 $3.1M New
VLY Valley National Bancorp 2.47% 337,435 $3.1M New
MTB M & T Bank Corp. filed as M & T BK CORP 2.37% 16,506 $2.9M New
KEY Keycorp 2.34% 173,000 $2.9M Reduce -20.1%
NRIM Northrim Bancorp Inc. 2.31% 40,195 $2.9M Reduce -13.2%
RRBI Red River Bancshares Inc. 2.17% 51,645 $2.7M No change
FCCO First Community Corp. 2.16% 124,709 $2.7M Reduce -13.2%
CBNK Capital Bancorp Inc. 2.14% 103,265 $2.7M No change
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 2.09% 89,826 $2.6M New
EBTC Enterprise Bancorp Inc. 2.05% 79,467 $2.5M New
TCBI Texas Capital Bancshares Inc. 2.00% 34,717 $2.5M Reduce -25.4%
VBTX Veritex Holdings Inc. 1.97% 92,883 $2.4M New
CFBK CF Bankshares Inc. 1.94% 110,860 $2.4M No change
MBIN Merchants Bancorp 1.92% 52,763 $2.4M No change
AMAL Amalgamated Financial Corp. 1.82% 72,040 $2.3M New
BHB Bar Harbor Bankshares filed as BAR HBR BANKSHARES 1.78% 71,623 $2.2M New
OSBC Old Second Bancorp Inc. 1.77% 140,894 $2.2M New
BRBS Blue Ridge Bankshares Inc. 1.73% 803,446 $2.1M No change
PGC Peapack Gladstone Finl Corp. 1.70% 76,980 $2.1M Reduce -11.5%
WTFC Wintrust Financial Corp. 1.61% 18,392 $2.0M Reduce -14.0%
TRMK Trustmark Corp. 1.60% 62,133 $2.0M No change
PEBO Peoples Bancorp Inc. 1.56% 64,100 $1.9M Reduce -26.9%
USCB Uscb Financial Holdings Inc. 1.46% 118,856 $1.8M No change
CCNE CNB Financial Corp. 1.29% 66,458 $1.6M No change
CIVB Civista Bancshares Inc. 1.29% 89,550 $1.6M Add +13.0%
PLBC Plumas Bancorp 1.14% 34,668 $1.4M No change
FSEA First Seacoast Bancorp Inc. 0.92% 125,000 $1.1M No change
MBCN Middlefield Banc Corp. 0.03% 1,441 $42K New

Portfolio Sells Q2 2024 → Q3 2024
FBMS First Bancshares Inc. Sold out 0.00% −3.94
PFC Premier Financial Corp. Sold out 0.00% −3.30
MNSB Mainstreet Bancshares Inc. Sold out 0.00% −2.23
WBS Webster Financial Corp. Sold out 0.00% −2.17
CUBI Customers Bancorp Inc. Sold out 0.00% −2.02
EVBN Evans Bancorp Inc. Sold out 0.00% −1.91
EFSC Enterprise Financial Service Sold out 0.00% −1.82
PB Prosperity Bancshares Inc. Sold out 0.00% −1.67
ABCB Ameris Bancorp Sold out 0.00% −1.61
NBHC National Bank Hold Class A Sold out 0.00% −1.50
FRME First Merchants Corp. Sold out 0.00% −0.72
PEBO Peoples Bancorp Inc. Reduce -26.9% 1.56% −0.72
TCBI Texas Capital Bancshares Inc. Reduce -25.4% 2.00% −0.46
KEY Keycorp Reduce -20.1% 2.34% −0.32
WTFC Wintrust Financial Corp. Reduce -14.0% 1.61% −0.21
FITB Fifth Third Bancorp Reduce -14.4% 2.66% −0.18
ONB Old National Bancorp Reduce -3.8% 2.68% −0.07
PGC Peapack Gladstone Finl Corp. Reduce -11.5% 1.70% −0.00
NRIM Northrim Bancorp Inc. Reduce -13.2% 2.31% +0.00
FCCO First Community Corp. Reduce -13.2% 2.16% +0.01
ESQ Esquire Financial Holdings I Reduce -19.3% 2.54% +0.08
JMSB John Marshall Bancorp Inc. Reduce -0.3% 2.61% +0.14
SASR Sandy Spring Bancorp Inc. Reduce -9.2% 4.51% +0.37

Portfolio Buys Q2 2024 → Q3 2024
HBAN Huntington Bancshares Inc. New 2.50% +2.50
VLY Valley National Bancorp New 2.47% +2.47
MTB M & T Bank Corp. New 2.37% +2.37
DCOM Dime Commercial Bancshares I New 2.09% +2.09
EBTC Enterprise Bancorp Inc. New 2.05% +2.05
VBTX Veritex Holdings Inc. New 1.97% +1.97
AMAL Amalgamated Financial Corp. New 1.82% +1.82
BHB Bar Harbor Bankshares New 1.78% +1.78
OSBC Old Second Bancorp Inc. New 1.77% +1.77
CIVB Civista Bancshares Inc. Add +13.0% 1.29% +0.23
FFWM First Foundation Inc. Add +21.7% 2.85% +0.21
MBCN Middlefield Banc Corp. New 0.03% +0.03

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