Elizabeth Park Capital Advisors, Ltd.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Elizabeth Park Capital Advisors, Ltd. reported 48 stock positions worth $123.6 million. Its top holding was QCR (QCRH) at 5.2% of the portfolio, followed by Citizens Financial (CFG, 3.4%) and Valley National Bancorp (VLY, 3.4%). Compared with Q2 2025, it opened 10 new positions, sold out of 3, added to 20 and reduced 6. The biggest buy was a new position in International Bancshares CRP (IBOC) and the biggest sale an exit from Veritex (VBTX).
- Most Recent 13F
- Q2 2026
- Location
- PEPPER PIKE, OH
- CIK
- 0001600583
- Portfolio Value
- $123.6M (Q3 2025)
- SEC Filing
- 0001600583-25-000010 ↗ filed Nov 13, 2025
Holdings Value
Holdings 48 stocks · $123.6M
| QCRH QCR Holdings Inc. | 5.21% | 85,100 | $6.4M | Add +2.4% |
| CFG Citizens Financial Group | 3.37% | 78,330 | $4.2M | No change |
| VLY Valley National Bancorp | 3.36% | 391,935 | $4.2M | Add +4.8% |
| CBNK Capital Bancorp Inc. | 2.98% | 115,302 | $3.7M | Add +11.7% |
| EWBC East West Bancorp Inc. | 2.95% | 34,200 | $3.6M | No change |
| UMBF Umb Financial Corp. | 2.92% | 30,502 | $3.6M | Add +4.1% |
| IBOC International Bancshares CRP | 2.84% | 51,087 | $3.5M | New |
| BRBS Blue Ridge Bankshares Inc. | 2.76% | 803,446 | $3.4M | No change |
| ZION Zions Bancorp NA | 2.72% | 59,350 | $3.4M | Add +2.6% |
| ONB Old National Bancorp | 2.64% | 148,600 | $3.3M | Add +4.2% |
| WTFC Wintrust Financial Corp. | 2.61% | 24,392 | $3.2M | Add +8.9% |
| CCB Coastal Financial Corp. | 2.53% | 28,911 | $3.1M | Reduce -26.5% |
| AUB Atlantic Union Bankshares Co. | 2.44% | 85,575 | $3.0M | Add +12.6% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 2.43% | 100,814 | $3.0M | Add +7.5% |
| VABK Virginia National Bankshares | 2.35% | 74,879 | $2.9M | Reduce -6.7% |
| MBCN Middlefield Banc Corp. | 2.34% | 96,497 | $2.9M | Add +11.8% |
| SMBK Smartfinancial Inc. | 2.34% | 80,866 | $2.9M | No change |
| HBAN Huntington Bancshares Inc. | 2.33% | 167,000 | $2.9M | Reduce -21.6% |
| FCCO First Community Corp. | 2.26% | 99,080 | $2.8M | No change |
| OSBC Old Second Bancorp Inc. | 2.22% | 158,657 | $2.7M | Add +4.9% |
| BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP | 2.17% | 110,512 | $2.7M | Reduce -46.6% |
| ESQ Esquire Financial Holdings I | 2.05% | 24,806 | $2.5M | No change |
| EFSC Enterprise Financial Service | 2.03% | 43,342 | $2.5M | Add +2.4% |
| CNOB Connectone Bancorp Inc. | 1.99% | 99,219 | $2.5M | Add +4.2% |
| OFG Ofg Bancorp | 1.98% | 56,219 | $2.4M | Add +13.1% |
| TCBI Texas Capital Bancshares Inc. | 1.96% | 28,717 | $2.4M | Add +62.1% |
| HTB Hometrust Bancshares Inc. | 1.95% | 58,760 | $2.4M | Add +8.1% |
| BHB Bar Harbor Bankshares filed as BAR HBR BANKSHARES | 1.91% | 77,623 | $2.4M | Add +8.4% |
| PLBC Plumas Bancorp | 1.88% | 53,778 | $2.3M | No change |
| NRIM Northrim Bancorp Inc. | 1.79% | 102,268 | $2.2M | No change |
| ATLO Ames National Corp. | 1.76% | 107,385 | $2.2M | No change |
| JMSB John Marshall Bancorp Inc. | 1.69% | 105,339 | $2.1M | No change |
| MTB M & T Bank Corp. filed as M & T BK CORP | 1.66% | 10,400 | $2.1M | Reduce -23.5% |
| PEBO Peoples Bancorp Inc. | 1.65% | 68,100 | $2.0M | Add +6.2% |
| WBS Webster Financial Corp. | 1.64% | 34,000 | $2.0M | New |
| COLB Columbia Banking System Inc. | 1.62% | 78,000 | $2.0M | New |
| SBCF Seacoast Banking Corp. | 1.62% | 65,977 | $2.0M | Add +8.2% |
| OBK Origin Bancorp Inc. | 1.56% | 56,000 | $1.9M | New |
| USCB Uscb Financial Holdings Inc. | 1.56% | 110,599 | $1.9M | Add +24.8% |
| COSO Coastal South Bancshares Inc. | 1.34% | 75,740 | $1.7M | New |
| SPFI South Plains Financial Inc. | 1.31% | 42,015 | $1.6M | New |
| CCNE CNB Financial Corp. | 1.30% | 66,458 | $1.6M | No change |
| WNEB Western New England Bancorp | 1.29% | 132,566 | $1.6M | New |
| FSEA First Seacoast Bancorp Inc. | 1.16% | 125,000 | $1.4M | No change |
| HBCP Home Bancorp Inc. | 1.08% | 24,469 | $1.3M | New |
| CIVB Civista Bancshares Inc. | 1.00% | 60,891 | $1.2M | Reduce -41.2% |
| HBNC Horizon Bancorp Inc. | 0.99% | 76,622 | $1.2M | New |
| AVBH Avidbank Holdings Inc. | 0.41% | 20,000 | $510K | New |
Portfolio Sells Q2 2025 → Q3 2025
| VBTX Veritex Holdings Inc. | Sold out | 0.00% | −4.35 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −3.09 |
| BMRC Bank of Marin Bancorp | Reduce -46.6% | 2.17% | −2.07 |
| AMAL Amalgamated Financial Corp. | Sold out | 0.00% | −2.02 |
| CIVB Civista Bancshares Inc. | Reduce -41.2% | 1.00% | −1.15 |
| CCB Coastal Financial Corp. | Reduce -26.5% | 2.53% | −0.89 |
| HBAN Huntington Bancshares Inc. | Reduce -21.6% | 2.33% | −0.87 |
| MTB M & T Bank Corp. | Reduce -23.5% | 1.66% | −0.70 |
| VABK Virginia National Bankshares | Reduce -6.7% | 2.35% | −0.31 |
Portfolio Buys Q2 2025 → Q3 2025
| IBOC International Bancshares CRP | New | 2.84% | +2.84 |
| WBS Webster Financial Corp. | New | 1.64% | +1.64 |
| COLB Columbia Banking System Inc. | New | 1.62% | +1.62 |
| OBK Origin Bancorp Inc. | New | 1.56% | +1.56 |
| COSO Coastal South Bancshares Inc. | New | 1.34% | +1.34 |
| SPFI South Plains Financial Inc. | New | 1.31% | +1.31 |
| WNEB Western New England Bancorp | New | 1.29% | +1.29 |
| HBCP Home Bancorp Inc. | New | 1.08% | +1.08 |
| HBNC Horizon Bancorp Inc. | New | 0.99% | +0.99 |
| TCBI Texas Capital Bancshares Inc. | Add +62.1% | 1.96% | +0.70 |
| AVBH Avidbank Holdings Inc. | New | 0.41% | +0.41 |
| VLY Valley National Bancorp | Add +4.8% | 3.36% | +0.37 |
| AUB Atlantic Union Bankshares Co. | Add +12.6% | 2.44% | +0.31 |
| USCB Uscb Financial Holdings Inc. | Add +24.8% | 1.56% | +0.25 |
| DCOM Dime Commercial Bancshares I | Add +7.5% | 2.43% | +0.17 |
| UMBF Umb Financial Corp. | Add +4.1% | 2.92% | +0.16 |
| QCRH QCR Holdings Inc. | Add +2.4% | 5.21% | +0.15 |
| WTFC Wintrust Financial Corp. | Add +8.9% | 2.61% | +0.12 |
| HTB Hometrust Bancshares Inc. | Add +8.1% | 1.95% | +0.12 |
| SBCF Seacoast Banking Corp. | Add +8.2% | 1.62% | +0.11 |
| OFG Ofg Bancorp | Add +13.1% | 1.98% | +0.07 |
| ZION Zions Bancorp NA | Add +2.6% | 2.72% | +0.02 |
| CNOB Connectone Bancorp Inc. | Add +4.2% | 1.99% | +0.01 |
| MBCN Middlefield Banc Corp. | Add +11.8% | 2.34% | +0.01 |
| BHB Bar Harbor Bankshares | Add +8.4% | 1.91% | −0.01 |
| EFSC Enterprise Financial Service | Add +2.4% | 2.03% | −0.06 |
| ONB Old National Bancorp | Add +4.2% | 2.64% | −0.09 |
| PEBO Peoples Bancorp Inc. | Add +6.2% | 1.65% | −0.10 |
| CBNK Capital Bancorp Inc. | Add +11.7% | 2.98% | −0.13 |
| OSBC Old Second Bancorp Inc. | Add +4.9% | 2.22% | −0.19 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 44 | $144.8M | QCRH, OBK, BCAL, HBNC, VLY |
| Q1 2026 | 46 | $129.9M | QCRH, OBK, HBNC, BCAL, VLY |
| Q4 2025 | 45 | $121.4M | QCRH, OBK, CFG, HBNC, VLY |
| Q3 2025 | 48 | $123.6M | QCRH, CFG, VLY, CBNK, EWBC |
| Q2 2025 | 41 | $111.5M | QCRH, VBTX, BMRC, CCB, HBAN |
| Q1 2025 | 43 | $110.3M | QCRH, BMRC, ONB, CCB, VLY |
| Q4 2024 | 41 | $122.7M | QCRH, BMRC, STEL, EWBC, SMBK |
| Q3 2024 | 43 | $123.8M | QCRH, SASR, STEL, VBFC, VABK |
| Q2 2024 | 44 | $115.5M | QCRH, SASR, FBMS, STEL, PFC |
| Q1 2024 | 46 | $120.5M | QCRH, PFC, EWBC, KEY, ESQ |