Elizabeth Park Capital Advisors, Ltd.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Elizabeth Park Capital Advisors, Ltd. reported 41 stock positions worth $122.7 million. Its top holding was QCR (QCRH) at 7.6% of the portfolio, followed by Bank of Marin Bancorp (BMRC, 4.6%) and Stellar Bancorp (STEL, 4.3%). Compared with Q3 2024, it opened 3 new positions, sold out of 5, added to 6 and reduced 8. The biggest buy was a new position in Bank of Marin Bancorp (BMRC) and the biggest sale an exit from Sandy Spring Bancorp (SASR).

Most Recent 13F
Q2 2026
Location
PEPPER PIKE, OH
CIK
0001600583
Portfolio Value
$122.7M (Q4 2024)
SEC Filing
0001493152-25-006266 ↗ filed Feb 13, 2025

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 Q3 2024 Q4 2024: $122.7M $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 41 stocks · $122.7M
QCRH QCR Holdings Inc. 7.64% 116,250 $9.4M Reduce -2.5%
BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP 4.63% 238,952 $5.7M New
STEL Stellar Bancorp Inc. 4.30% 186,217 $5.3M No change
EWBC East West Bancorp Inc. 3.29% 42,100 $4.0M Reduce -6.7%
SMBK Smartfinancial Inc. 3.22% 127,649 $4.0M No change
ESQ Esquire Financial Holdings I 3.12% 48,210 $3.8M No change
ONB Old National Bancorp 3.11% 175,600 $3.8M Reduce -1.4%
VABK Virginia National Bankshares 3.05% 98,076 $3.7M No change
CFG Citizens Financial Group 2.85% 79,830 $3.5M No change
HBAN Huntington Bancshares Inc. 2.80% 211,000 $3.4M No change
VLY Valley National Bancorp 2.76% 373,935 $3.4M Add +10.8%
JMSB John Marshall Bancorp Inc. 2.68% 163,660 $3.3M No change
FITB Fifth Third Bancorp 2.65% 77,000 $3.3M No change
KEY Keycorp 2.63% 188,000 $3.2M Add +8.7%
NRIM Northrim Bancorp Inc. 2.55% 40,195 $3.1M No change
CCB Coastal Financial Corp. 2.53% 36,555 $3.1M New
MTB M & T Bank Corp. filed as M & T BK CORP 2.53% 16,506 $3.1M No change
FCCO First Community Corp. 2.44% 124,709 $3.0M No change
CBNK Capital Bancorp Inc. 2.40% 103,265 $2.9M No change
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 2.35% 93,814 $2.9M Add +4.4%
CFBK CF Bankshares Inc. 2.30% 110,645 $2.8M Reduce -0.2%
TCBI Texas Capital Bancshares Inc. 2.21% 34,717 $2.7M No change
VBTX Veritex Holdings Inc. 2.06% 92,883 $2.5M No change
OSBC Old Second Bancorp Inc. 2.04% 140,894 $2.5M No change
PGC Peapack Gladstone Finl Corp. 2.01% 76,980 $2.5M No change
CIVB Civista Bancshares Inc. 2.01% 116,952 $2.5M Add +30.6%
BRBS Blue Ridge Bankshares Inc. 2.00% 803,446 $2.5M No change
AMAL Amalgamated Financial Corp. 1.97% 72,040 $2.4M No change
PLBC Plumas Bancorp 1.96% 50,778 $2.4M Add +46.5%
SNV Synovus Financial Corp. 1.87% 44,900 $2.3M New
WTFC Wintrust Financial Corp. 1.87% 18,392 $2.3M No change
TRMK Trustmark Corp. 1.79% 62,133 $2.2M No change
BHB Bar Harbor Bankshares filed as BAR HBR BANKSHARES 1.78% 71,623 $2.2M No change
OFG Ofg Bancorp 1.71% 49,719 $2.1M Reduce -30.6%
RRBI Red River Bancshares Inc. 1.70% 38,709 $2.1M Reduce -25.1%
PEBO Peoples Bancorp Inc. 1.66% 64,100 $2.0M No change
FFWM First Foundation Inc. 1.43% 282,336 $1.8M Reduce -50.0%
CCNE CNB Financial Corp. 1.35% 66,458 $1.7M No change
USCB Uscb Financial Holdings Inc. 1.28% 88,599 $1.6M Reduce -25.5%
FSEA First Seacoast Bancorp Inc. 1.02% 125,000 $1.3M No change
MBCN Middlefield Banc Corp. 0.44% 19,462 $546K Add +1250.6%

Portfolio Sells Q3 2024 → Q4 2024
SASR Sandy Spring Bancorp Inc. Sold out 0.00% −4.51
VBFC Village Bank and Trust Finan Sold out 0.00% −3.35
PNFP Pinnacle Financial Partners Sold out 0.00% −3.06
EBTC Enterprise Bancorp Inc. Sold out 0.00% −2.05
MBIN Merchants Bancorp Sold out 0.00% −1.92
FFWM First Foundation Inc. Reduce -50.0% 1.43% −1.42
OFG Ofg Bancorp Reduce -30.6% 1.71% −0.89
RRBI Red River Bancshares Inc. Reduce -25.1% 1.70% −0.47
USCB Uscb Financial Holdings Inc. Reduce -25.5% 1.28% −0.18
EWBC East West Bancorp Inc. Reduce -6.7% 3.29% +0.27
CFBK CF Bankshares Inc. Reduce -0.2% 2.30% +0.37
ONB Old National Bancorp Reduce -1.4% 3.11% +0.42
QCRH QCR Holdings Inc. Reduce -2.5% 7.64% +0.51

Portfolio Buys Q3 2024 → Q4 2024
BMRC Bank of Marin Bancorp New 4.63% +4.63
CCB Coastal Financial Corp. New 2.53% +2.53
SNV Synovus Financial Corp. New 1.87% +1.87
PLBC Plumas Bancorp Add +46.5% 1.96% +0.81
CIVB Civista Bancshares Inc. Add +30.6% 2.01% +0.72
MBCN Middlefield Banc Corp. Add +1250.6% 0.44% +0.41
VLY Valley National Bancorp Add +10.8% 2.76% +0.29
KEY Keycorp Add +8.7% 2.63% +0.29
DCOM Dime Commercial Bancshares I Add +4.4% 2.35% +0.26

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