Maltese Capital Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Maltese Capital Management LLC reported 104 stock positions worth $553.7 million. Its top holding was Southstate Bank (SSB) at 3.2% of the portfolio, followed by Citigroup (C, 2.8%) and First Foundation (FFWM, 2.7%). Compared with Q3 2025, it opened 6 new positions, sold out of 21, added to 35 and reduced 59. The biggest buy was a new position in Central Bancompany (CBC) and the biggest sale Western Alliance Bancorp (WAL, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001040762
- Portfolio Value
- $553.7M (Q4 2025)
- SEC Filing
- 0000919574-26-001000 ↗ filed Feb 17, 2026
Holdings Value
Holdings 104 stocks · $553.7M
| SSB Southstate Bank Corp. | 3.18% | 187,000 | $17.6M | Add +31.2% |
| C Citigroup Inc. | 2.79% | 132,500 | $15.5M | Reduce -36.7% |
| FFWM First Foundation Inc. | 2.75% | 2,470,000 | $15.2M | Add +6.0% |
| EQBK Equity Bancshares Inc. Class A | 2.65% | 329,173 | $14.7M | Add +1.0% |
| WBS Webster Financial Corp. | 2.61% | 230,000 | $14.5M | Reduce -14.4% |
| FRST Primis Financial Corp. | 2.58% | 1,026,500 | $14.3M | Add +4.0% |
| HBNC Horizon Bancorp Inc. | 2.43% | 792,500 | $13.4M | Reduce -5.8% |
| NBHC National Bank Hold Class A | 2.42% | 352,500 | $13.4M | Reduce -14.9% |
| MOFG Midwestone Financial Group I | 2.36% | 340,000 | $13.1M | Reduce -6.4% |
| CCNE CNB Financial Corp. | 2.32% | 491,500 | $12.9M | Add +2.8% |
| AMTB Amerant Bancorp Inc. | 2.09% | 592,500 | $11.6M | Reduce -38.8% |
| QCRH QCR Holdings Inc. | 1.96% | 130,300 | $10.9M | Reduce -16.9% |
| MCHB Mechanics Bancorp Class A | 1.82% | 687,400 | $10.1M | Reduce -32.2% |
| IBOC International Bancshares CRP | 1.73% | 143,800 | $9.6M | Add +31.4% |
| FCNCA First Citizens Bcshs Class A | 1.71% | 4,409 | $9.5M | Reduce -32.3% |
| CHYM Chime Financial Inc. Class A | 1.67% | 368,263 | $9.3M | Reduce -12.9% |
| WSBC Wesbanco Inc. | 1.65% | 275,000 | $9.1M | Reduce -31.6% |
| ABCB Ameris Bancorp | 1.63% | 121,500 | $9.0M | Reduce -5.8% |
| CBC Central Bancompany | 1.61% | 368,567 | $8.9M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.50% | 151,156 | $8.3M | Reduce -20.4% |
| UNTY Unity Bancorp Inc. | 1.49% | 159,000 | $8.2M | Add +2.4% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 1.47% | 40,500 | $8.2M | Reduce -49.4% |
| AVBH Avidbank Holdings Inc. | 1.46% | 305,000 | $8.1M | Add +38.6% |
| CARE Carter Bankshares Inc. | 1.41% | 395,800 | $7.8M | Add +7.3% |
| BY Byline Bancorp Inc. | 1.40% | 265,000 | $7.7M | Add +23.3% |
| FCCO First Community Corp. | 1.35% | 252,500 | $7.5M | Add +5.3% |
| UMBF Umb Financial Corp. | 1.35% | 65,000 | $7.5M | Reduce -8.4% |
| COF Capital One Financial Corp. | 1.28% | 29,347 | $7.1M | Reduce -40.1% |
| EWBC East West Bancorp Inc. | 1.28% | 62,824 | $7.1M | Add +32.3% |
| COLB Columbia Banking System Inc. | 1.24% | 245,000 | $6.8M | Reduce -19.8% |
| NPB Northpointe Bancshares Inc. | 1.15% | 380,000 | $6.4M | Reduce -0.2% |
| ZION Zions Bancorp NA | 1.11% | 105,000 | $6.1M | Reduce -34.4% |
| PFBC Preferred Bank/Los Angeles | 1.10% | 64,788 | $6.1M | Reduce -10.6% |
| BBT Beacon Financial Corp. | 1.05% | 220,000 | $5.8M | Reduce -4.5% |
| FSBC Five Star Bancorp | 1.03% | 160,000 | $5.7M | Reduce -42.3% |
| FFBC First Financial Bancorp | 1.03% | 227,917 | $5.7M | Add +59.9% |
| CFG Citizens Financial Group | 1.00% | 95,000 | $5.5M | Reduce -22.2% |
| IBCP Independent Bank Corp. - Mich | 0.99% | 168,500 | $5.5M | Add +8.7% |
| UBSI United Bankshares Inc. | 0.99% | 142,500 | $5.5M | Add +39.0% |
| WFC Wells Fargo & Co. | 0.98% | 58,500 | $5.5M | Reduce -24.5% |
| JCAP Jefferson Capital Inc. | 0.93% | 231,630 | $5.2M | Reduce -35.0% |
| EFSI Eagle Financial Services Inc. | 0.93% | 129,149 | $5.1M | Reduce -32.0% |
| VLY Valley National Bancorp | 0.92% | 434,000 | $5.1M | Reduce -23.9% |
| WAL Western Alliance Bancorp | 0.91% | 60,000 | $5.0M | Reduce -67.6% |
| SCHW Schwab (charles) Corp. | 0.90% | 50,000 | $5.0M | Reduce -20.0% |
| JPM JPMorgan Chase & Co. | 0.87% | 15,014 | $4.8M | Reduce -26.8% |
| USB US Bancorp | 0.84% | 87,500 | $4.7M | Reduce -69.2% |
| INDB Independent Bank Corp. | 0.84% | 63,500 | $4.6M | Reduce -17.0% |
| FHN First Horizon Corp. | 0.83% | 192,500 | $4.6M | Reduce -58.1% |
| ISTR Investar Holding Corp. | 0.83% | 172,138 | $4.6M | Reduce -30.8% |
| SF Stifel Financial Corp. | 0.83% | 36,600 | $4.6M | Reduce -9.3% |
| FISI Financial Institutions Inc. | 0.82% | 145,000 | $4.5M | Reduce -31.3% |
| TOWN Towne Bank | 0.80% | 132,500 | $4.4M | Add +29.3% |
| FITB Fifth Third Bancorp | 0.80% | 94,125 | $4.4M | Add +276.5% |
| MGYR Magyar Bancorp Inc. | 0.76% | 242,553 | $4.2M | Add +1.4% |
| RNST Renasant Corp. | 0.75% | 117,521 | $4.1M | Reduce -22.9% |
| NP Neptune Insurance Holdi Class A | 0.72% | 137,500 | $4.0M | Add +37.5% |
| CBK Commercial Bancgroup Inc. | 0.70% | 158,350 | $3.9M | New |
| KEY Keycorp | 0.69% | 185,000 | $3.8M | Reduce -33.9% |
| OPBK Op Bancorp | 0.69% | 268,867 | $3.8M | Add +11.0% |
| SMBC Southern Missouri Bancorp | 0.64% | 60,110 | $3.6M | New |
| HBAN Huntington Bancshares Inc. | 0.60% | 192,708 | $3.3M | Add +13.4% |
| CIVB Civista Bancshares Inc. | 0.60% | 149,315 | $3.3M | Reduce -47.4% |
| WABC Westamerica Bancorporation | 0.59% | 68,000 | $3.3M | Reduce -36.1% |
| ACNB Acnb Corp. | 0.58% | 66,164 | $3.2M | Add +30.5% |
| CTBI Community Trust Bancorp Inc. | 0.56% | 55,000 | $3.1M | Add +266.7% |
| USCB Uscb Financial Holdings Inc. | 0.56% | 167,800 | $3.1M | Reduce -36.0% |
| BWB Bridgewater Bancshares Inc. | 0.56% | 176,000 | $3.1M | Add +0.6% |
| ONB Old National Bancorp | 0.54% | 135,000 | $3.0M | Add +250.8% |
| EFSC Enterprise Financial Service | 0.54% | 55,559 | $3.0M | Reduce -30.6% |
| FSUN Firstsun Capital Bancorp | 0.51% | 75,000 | $2.8M | Reduce -57.1% |
| RJF Raymond James Financial Inc. | 0.49% | 17,000 | $2.7M | New |
| FMBH First Mid Bancshares Inc. | 0.49% | 70,000 | $2.7M | Reduce -12.5% |
| WTFC Wintrust Financial Corp. | 0.48% | 19,000 | $2.7M | Reduce -19.9% |
| BCOW 1895 Bancorp of Wisconsin Inc. | 0.46% | 225,838 | $2.5M | Add +9.1% |
| IVZ Invesco Ltd. | 0.45% | 95,335 | $2.5M | Reduce -69.7% |
| CBNK Capital Bancorp Inc. | 0.45% | 87,829 | $2.5M | Reduce -27.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.41% | 19,500 | $2.3M | Add +42.3% |
| EQFN Equitable Financial Corp. | 0.40% | 147,513 | $2.2M | No change |
| HBCP Home Bancorp Inc. | 0.39% | 37,802 | $2.2M | Reduce -35.0% |
| CADE Cadence Bank | 0.38% | 49,750 | $2.1M | Add +65.8% |
| CCBG Capital City Bank Group Inc. | 0.38% | 50,000 | $2.1M | Reduce -30.9% |
| CRBG Corebridge Financial Inc. | 0.38% | 70,000 | $2.1M | Add +12.0% |
| PCB PCB Bancorp | 0.38% | 96,363 | $2.1M | Reduce -16.7% |
| WNEB Western New England Bancorp | 0.38% | 164,888 | $2.1M | Reduce -25.9% |
| ESQ Esquire Financial Holdings I | 0.37% | 20,000 | $2.0M | No change |
| PEBK Peoples Bancorp of NC | 0.33% | 49,958 | $1.8M | Add +1.2% |
| MBBC Marathon Bancorp Inc. | 0.32% | 145,100 | $1.8M | Add +7.4% |
| MIAX Miami International Holdings | 0.31% | 38,675 | $1.7M | Reduce -75.8% |
| BKU Bankunited Inc. | 0.28% | 35,000 | $1.6M | Reduce -12.5% |
| SFST Southern First Bancshares | 0.27% | 28,644 | $1.5M | Add +12.3% |
| HOMB Home Bancshares Inc. | 0.26% | 51,400 | $1.4M | Reduce -20.9% |
| SBCF Seacoast Banking Corp. | 0.26% | 45,000 | $1.4M | Add +20.3% |
| WLFC Willis Lease Finance Corp. | 0.25% | 10,083 | $1.4M | No change |
| AFBI Affinity Bancshares Inc. | 0.21% | 56,439 | $1.2M | Add +5.5% |
| HOPE Hope Bancorp Inc. | 0.21% | 105,000 | $1.2M | Reduce -11.2% |
| WRIV White River Bancshares Co. | 0.17% | 18,500 | $916K | Reduce -48.6% |
| ECBK Ecb Bancorp Inc. | 0.14% | 45,500 | $791K | No change |
| AVBC Avidia Bancorp Inc. | 0.12% | 38,250 | $643K | Reduce -20.3% |
| MRBK Meridian Corp. | 0.11% | 34,523 | $607K | Add +333.2% |
| WT Wisdomtree Inc. | 0.08% | 35,000 | $427K | Reduce -82.5% |
| LCNB LCNB Corporation | 0.06% | 20,500 | $336K | New |
| FVCB Fvcbankcorp Inc. | 0.05% | 18,287 | $254K | Reduce -33.8% |
| BEN Franklin Templeton Inc. | 0.04% | 10,000 | $239K | New |
Other holdings (3): bonds, preferreds, convertibles and warrants · $9.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| INVESTAR HOLDING CORP (ISTR 6.5 PERP AI) | NON 13F SECURITY | 238,091 | $6.4M | Add +0.0% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 47,149 | $1.9M | Reduce -17.3% |
| BANC OF CALIFORNIA INC (BANC V7.75 PERP F) | NON 13F SECURITY | 60,000 | $1.5M | Reduce -31.8% |
Total filed on the 13F, all lines: $563.5M.
Portfolio Sells Q3 2025 → Q4 2025
| WAL Western Alliance Bancorp | Reduce -67.6% | 0.91% | −1.56 |
| USB US Bancorp | Reduce -69.2% | 0.84% | −1.27 |
| BLK BlackRock Inc. | Sold out | 0.00% | −1.09 |
| MTB M & T Bank Corp. | Reduce -49.4% | 1.47% | −0.97 |
| AMTB Amerant Bancorp Inc. | Reduce -38.8% | 2.09% | −0.79 |
| FHN First Horizon Corp. | Reduce -58.1% | 0.83% | −0.77 |
| MIAX Miami International Holdings | Reduce -75.8% | 0.31% | −0.68 |
| IVZ Invesco Ltd. | Reduce -69.7% | 0.45% | −0.66 |
| JHG Janus Henderson Group PLC | Sold out | 0.00% | −0.62 |
| MBWM Mercantile Bank Corp. | Sold out | 0.00% | −0.57 |
| FSUN Firstsun Capital Bancorp | Reduce -57.1% | 0.51% | −0.54 |
| AUB Atlantic Union Bankshares Co. | Sold out | 0.00% | −0.50 |
| C Citigroup Inc. | Reduce -36.7% | 2.79% | −0.49 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.47 |
| IROQ If Bancorp Inc. | Sold out | 0.00% | −0.39 |
| HTBK Heritage Commerce Corp. | Sold out | 0.00% | −0.38 |
| BAM Brookfield Asset Mgmt-A | Sold out | 0.00% | −0.36 |
| WT Wisdomtree Inc. | Reduce -82.5% | 0.08% | −0.35 |
| FSBC Five Star Bancorp | Reduce -42.3% | 1.03% | −0.34 |
| WSBC Wesbanco Inc. | Reduce -31.6% | 1.65% | −0.33 |
| COF Capital One Financial Corp. | Reduce -40.1% | 1.28% | −0.32 |
| CIVB Civista Bancshares Inc. | Reduce -47.4% | 0.60% | −0.29 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.29 |
| ZION Zions Bancorp NA | Reduce -34.4% | 1.11% | −0.29 |
| MCHB Mechanics Bancorp Class A | Reduce -32.2% | 1.82% | −0.27 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −0.25 |
| CG The Carlyle Group Inc. | Sold out | 0.00% | −0.24 |
| SFNC Simmons First Natl Corp. Class A | Sold out | 0.00% | −0.24 |
| WABC Westamerica Bancorporation | Reduce -36.1% | 0.59% | −0.23 |
| COFS Choiceone Financial SVCS Inc. | Sold out | 0.00% | −0.20 |
| BLSH Bullish | Sold out | 0.00% | −0.19 |
| FFIC Flushing Financial Corp. | Sold out | 0.00% | −0.19 |
| EFSI Eagle Financial Services Inc. | Reduce -32.0% | 0.93% | −0.18 |
| EFSC Enterprise Financial Service | Reduce -30.6% | 0.54% | −0.17 |
| TCBC TC Bancshares Inc. | Sold out | 0.00% | −0.16 |
| CBNK Capital Bancorp Inc. | Reduce -27.5% | 0.45% | −0.15 |
| USCB Uscb Financial Holdings Inc. | Reduce -36.0% | 0.56% | −0.15 |
| AX Axos Financial Inc. | Sold out | 0.00% | −0.13 |
| JPM JPMorgan Chase & Co. | Reduce -26.8% | 0.87% | −0.12 |
| RNST Renasant Corp. | Reduce -22.9% | 0.75% | −0.12 |
| KEY Keycorp | Reduce -33.9% | 0.69% | −0.12 |
| PFS Provident Financial Services | Sold out | 0.00% | −0.11 |
| CBAN Colony Bankcorp | Sold out | 0.00% | −0.10 |
| HBCP Home Bancorp Inc. | Reduce -35.0% | 0.39% | −0.09 |
| WRIV White River Bancshares Co. | Reduce -48.6% | 0.17% | −0.09 |
| FCNCA First Citizens Bcshs Class A | Reduce -32.3% | 1.71% | −0.09 |
| CCBG Capital City Bank Group Inc. | Reduce -30.9% | 0.38% | −0.08 |
| FISI Financial Institutions Inc. | Reduce -31.3% | 0.82% | −0.07 |
| ISTR Investar Holding Corp. | Reduce -30.8% | 0.83% | −0.06 |
| NBHC National Bank Hold Class A | Reduce -14.9% | 2.42% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| CBC Central Bancompany | New | 1.61% | +1.61 |
| SSB Southstate Bank Corp. | Add +31.2% | 3.18% | +1.00 |
| FRST Primis Financial Corp. | Add +4.0% | 2.58% | +0.98 |
| FFWM First Foundation Inc. | Add +6.0% | 2.75% | +0.75 |
| CBK Commercial Bancgroup Inc. | New | 0.70% | +0.70 |
| SMBC Southern Missouri Bancorp | New | 0.64% | +0.64 |
| FITB Fifth Third Bancorp | Add +276.5% | 0.80% | +0.62 |
| EQBK Equity Bancshares Inc. Class A | Add +1.0% | 2.65% | +0.61 |
| AVBH Avidbank Holdings Inc. | Add +38.6% | 1.46% | +0.60 |
| IBOC International Bancshares CRP | Add +31.4% | 1.73% | +0.56 |
| CCNE CNB Financial Corp. | Add +2.8% | 2.32% | +0.54 |
| EWBC East West Bancorp Inc. | Add +32.3% | 1.28% | +0.49 |
| RJF Raymond James Financial Inc. | New | 0.49% | +0.49 |
| BY Byline Bancorp Inc. | Add +23.3% | 1.40% | +0.48 |
| FFBC First Financial Bancorp | Add +59.9% | 1.03% | +0.47 |
| CTBI Community Trust Bancorp Inc. | Add +266.7% | 0.56% | +0.43 |
| NP Neptune Insurance Holdi Class A | Add +37.5% | 0.72% | +0.42 |
| ONB Old National Bancorp | Add +250.8% | 0.54% | +0.41 |
| UBSI United Bankshares Inc. | Add +39.0% | 0.99% | +0.40 |
| UNTY Unity Bancorp Inc. | Add +2.4% | 1.49% | +0.31 |
| FCCO First Community Corp. | Add +5.3% | 1.35% | +0.31 |
| CARE Carter Bankshares Inc. | Add +7.3% | 1.41% | +0.30 |
| TOWN Towne Bank | Add +29.3% | 0.80% | +0.25 |
| IBCP Independent Bank Corp. - Mich | Add +8.7% | 0.99% | +0.25 |
| ACNB Acnb Corp. | Add +30.5% | 0.58% | +0.23 |
| CADE Cadence Bank | Add +65.8% | 0.38% | +0.21 |
| BNY Bank of New York Mellon Corp. | Add +42.3% | 0.41% | +0.18 |
| OPBK Op Bancorp | Add +11.0% | 0.69% | +0.17 |
| HBAN Huntington Bancshares Inc. | Add +13.4% | 0.60% | +0.15 |
| MGYR Magyar Bancorp Inc. | Add +1.4% | 0.76% | +0.12 |
| BCOW 1895 Bancorp of Wisconsin Inc. | Add +9.1% | 0.46% | +0.10 |
| MBBC Marathon Bancorp Inc. | Add +7.4% | 0.32% | +0.10 |
| PEBK Peoples Bancorp of NC | Add +1.2% | 0.33% | +0.09 |
| SFST Southern First Bancshares | Add +12.3% | 0.27% | +0.09 |
| MRBK Meridian Corp. | Add +333.2% | 0.11% | +0.09 |
| BWB Bridgewater Bancshares Inc. | Add +0.6% | 0.56% | +0.08 |
| SBCF Seacoast Banking Corp. | Add +20.3% | 0.26% | +0.08 |
| CRBG Corebridge Financial Inc. | Add +12.0% | 0.38% | +0.07 |
| LCNB LCNB Corporation | New | 0.06% | +0.06 |
| AFBI Affinity Bancshares Inc. | Add +5.5% | 0.21% | +0.05 |
| BEN Franklin Templeton Inc. | New | 0.04% | +0.04 |
Notes & Other Activity Q3 2025 → Q4 2025
| INVESTAR HOLDING CORP (ISTR 6.5 PERP AI) | NON 13F SECURITY | Add +0.0% | 238,091 | $6.4M |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | Reduce -17.3% | 47,149 | $1.9M |
| BANC OF CALIFORNIA INC (BANC V7.75 PERP F) | NON 13F SECURITY | Reduce -31.8% | 60,000 | $1.5M |
| MERCHANTS BANCORP (MBIN V8.25 PERP) | Preferred | Sold out | 52,000 | $1.3Mbefore exit |
| MERCHANTS BANCORP (MBIN 7.625 PERP) | Preferred | Sold out | 22,000 | $508Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 97 | $538.3M | SSB, USB, FSUN, FRST, NBHC |
| Q1 2026 | 101 | $498.3M | SSB, FFWM, CCNE, C, EQBK |
| Q4 2025 | 104 | $553.7M | SSB, C, FFWM, EQBK, WBS |
| Q3 2025 | 119 | $648.1M | C, AMTB, WAL, NBHC, WBS |
| Q2 2025 | 119 | $705.9M | C, MTB, QCRH, AMTB, WFC |
| Q1 2025 | 112 | $607.3M | C, AMTB, FCNCA, MTB, WFC |
| Q4 2024 | 109 | $647.1M | C, AMTB, WFC, USB, FCNCA |
| Q3 2024 | 98 | $611.2M | FCNCA, C, USB, AMTB, WTFC |
| Q2 2024 | 89 | $534.4M | C, WFC, FCNCA, WTFC, EWBC |
| Q1 2024 | 86 | $512.7M | C, FCNCA, BANC, WTFC, WAL |