Mendon Capital Advisors Corp.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 30, 2024), Mendon Capital Advisors Corp. reported 45 stock positions worth $161.5 million. Its top holding was Equity Bancshares Class A (EQBK) at 8.6% of the portfolio, followed by Primis Financial (FRST, 6.5%) and Uscb Financial (USCB, 6.0%). Compared with Q1 2024, it opened 4 new positions, sold out of 6, added to 12 and reduced 21. The biggest buy was a new position in Abacus Global Management (ABX) and the biggest sale an exit from Cadence Bank (CADE).
- Most Recent 13F
- Q2 2026
- Location
- KEY LARGO, FL
- CIK
- 0001177043
- Portfolio Value
- $161.5M (Q2 2024)
- SEC Filing
- 0001172661-24-003913 ↗ filed Aug 30, 2024
Holdings Value
Holdings 45 stocks · $161.5M
| EQBK Equity Bancshares Inc. Class A | 8.58% | 350,000 | $13.9M | Add +2539.9% |
| FRST Primis Financial Corp. | 6.51% | 54,863 | $10.5M | Reduce -94.0% |
| USCB Uscb Financial Holdings Inc. | 5.96% | 610,136 | $9.6M | Add +611.6% |
| BFST Business First Bancshares | 5.59% | 370,000 | $9.0M | Add +1380.0% |
| FBMS First Bancshares Inc. | 5.35% | 7,495 | $8.6M | Reduce -97.8% |
| VBNK Versabank | 4.51% | 84,056 | $7.3M | Add +6.1% |
| BY Byline Bancorp Inc. | 4.26% | 290,000 | $6.9M | Reduce -17.1% |
| VBTX Veritex Holdings Inc. | 4.11% | 315,000 | $6.6M | Reduce -3.1% |
| OBK Origin Bancorp Inc. | 4.03% | 205,000 | $6.5M | Reduce -4.7% |
| FHN First Horizon Corp. | 3.71% | 100,000 | $6.0M | Reduce -73.3% |
| CALB California Bancorp Inc. | 3.55% | 9,997 | $5.7M | Reduce -95.6% |
| ABX Abacus Global Management Inc. | 3.08% | 537,235 | $5.0M | New |
| FFWM First Foundation Inc. | 2.98% | 646,691 | $4.8M | Add +144.3% |
| AMTB Amerant Bancorp Inc. | 2.86% | 3,517 | $4.6M | Reduce -98.2% |
| PFS Provident Financial Services | 2.85% | 8,000 | $4.6M | Reduce -97.3% |
| MCHB Mechanics Bancorp Class A filed as HOMESTREET INC | 2.56% | 363,000 | $4.1M | Add +21.0% |
| FBK FB Financial Corp. filed as FB FINL CORP | 2.26% | 50,000 | $3.7M | No change |
| NTB Bank of N.T. Butterfield&son | 2.17% | 100,000 | $3.5M | Reduce -51.0% |
| FSBC Five Star Bancorp | 2.15% | 50,000 | $3.5M | Add +320.7% |
| SSBK Southern States Bancshares | 2.10% | 125,000 | $3.4M | No change |
| CIVB Civista Bancshares Inc. | 1.92% | 200,000 | $3.1M | No change |
| BANC Banc of California Inc. | 1.79% | 7,953 | $2.9M | New |
| SHBI Shore Bancshares Inc. | 1.55% | 51,324 | $2.5M | Reduce -70.7% |
| OSBC Old Second Bancorp Inc. | 1.38% | 150,000 | $2.2M | No change |
| ABCB Ameris Bancorp | 1.34% | 25,000 | $2.2M | Reduce -50.0% |
| MYFW First Western Financial Inc. | 1.23% | 71,415 | $2.0M | Add +128.3% |
| CCB Coastal Financial Corp. | 1.14% | 40,000 | $1.8M | Reduce -60.0% |
| STEL Stellar Bancorp Inc. | 1.07% | 75,000 | $1.7M | Reduce -25.0% |
| LOB Live Oak Bancshares Inc. | 1.05% | 30,000 | $1.7M | Reduce -23.3% |
| NIC Nicolet Bankshares Inc. | 1.03% | 20,000 | $1.7M | No change |
| SMBK Smartfinancial Inc. | 0.98% | 66,990 | $1.6M | Add +5760.9% |
| BCAL California Bancorp filed as SOUTHERN CALIF BANCORP | 0.81% | 4,860 | $1.3M | Reduce -77.3% |
| CBAN Colony Bankcorp | 0.76% | 100,000 | $1.2M | Reduce -6.3% |
| OCFC Oceanfirst Financial Corp. | 0.74% | 75,000 | $1.2M | No change |
| LNKB Linkbancorp Inc. | 0.57% | 74,024 | $924K | Reduce -17.5% |
| TFIN Triumph Financial Inc. | 0.56% | 12,500 | $912K | New |
| AUB Atlantic Union Bankshares Co. | 0.51% | 25,000 | $821K | Reduce -50.0% |
| MNSB Mainstreet Bancshares Inc. | 0.48% | 18,365 | $769K | Add +3.3% |
| UCB United Community Banks | 0.47% | 30,000 | $764K | No change |
| RNST Renasant Corp. | 0.47% | 25,000 | $764K | Reduce -50.0% |
| MRBK Meridian Corp. | 0.32% | 30,000 | $511K | No change |
| CARE Carter Bankshares Inc. | 0.28% | 30,000 | $454K | New |
| FFIC Flushing Financial Corp. | 0.14% | 7,556 | $231K | Add +3.1% |
| SFST Southern First Bancshares | 0.14% | 7,842 | $229K | Add +3.0% |
| RVSB Riverview Bancorp Inc. | 0.08% | 14,061 | $136K | Reduce -29.7% |
Options reported separately and not counted above: SPY puts ($8.2M), XLF puts ($4.1M), IWM puts ($4.1M), KRE puts ($2.5M).
Portfolio Sells Q1 2024 → Q2 2024
| CADE Cadence Bank | Sold out | 0.00% | −2.86 |
| NTB Bank of N.T. Butterfield&son | Reduce -51.0% | 2.17% | −1.51 |
| LBAI Lakeland Bancorp Inc. | Sold out | 0.00% | −1.07 |
| CCB Coastal Financial Corp. | Reduce -60.0% | 1.14% | −1.05 |
| NBTB N B T Bancorp Inc. | Sold out | 0.00% | −0.83 |
| FRST Primis Financial Corp. | Reduce -94.0% | 6.51% | −0.65 |
| LOB Live Oak Bancshares Inc. | Reduce -23.3% | 1.05% | −0.57 |
| AGNC AGNC Investment Corp. | Sold out | 0.00% | −0.56 |
| NLY Annaly Capital Management Inc. | Sold out | 0.00% | −0.56 |
| AUB Atlantic Union Bankshares Co. | Reduce -50.0% | 0.51% | −0.49 |
| LNKB Linkbancorp Inc. | Reduce -17.5% | 0.57% | −0.47 |
| RNST Renasant Corp. | Reduce -50.0% | 0.47% | −0.41 |
| STEL Stellar Bancorp Inc. | Reduce -25.0% | 1.07% | −0.31 |
| FRME First Merchants Corp. | Sold out | 0.00% | −0.20 |
| FBMS First Bancshares Inc. | Reduce -97.8% | 5.35% | −0.18 |
| SHBI Shore Bancshares Inc. | Reduce -70.7% | 1.55% | −0.04 |
| BY Byline Bancorp Inc. | Reduce -17.1% | 4.26% | −0.03 |
| ABCB Ameris Bancorp | Reduce -50.0% | 1.34% | −0.02 |
| RVSB Riverview Bancorp Inc. | Reduce -29.7% | 0.08% | −0.01 |
| CBAN Colony Bankcorp | Reduce -6.3% | 0.76% | +0.07 |
| AMTB Amerant Bancorp Inc. | Reduce -98.2% | 2.86% | +0.14 |
| PFS Provident Financial Services | Reduce -97.3% | 2.85% | +0.17 |
| OBK Origin Bancorp Inc. | Reduce -4.7% | 4.03% | +0.23 |
| CALB California Bancorp Inc. | Reduce -95.6% | 3.55% | +0.30 |
| FHN First Horizon Corp. | Reduce -73.3% | 3.71% | +0.30 |
| VBTX Veritex Holdings Inc. | Reduce -3.1% | 4.11% | +0.35 |
| BCAL California Bancorp | Reduce -77.3% | 0.81% | +0.63 |
Portfolio Buys Q1 2024 → Q2 2024
| ABX Abacus Global Management Inc. | New | 3.08% | +3.08 |
| FFWM First Foundation Inc. | Add +144.3% | 2.98% | +1.80 |
| BANC Banc of California Inc. | New | 1.79% | +1.79 |
| TFIN Triumph Financial Inc. | New | 0.56% | +0.56 |
| MYFW First Western Financial Inc. | Add +128.3% | 1.23% | +0.56 |
| USCB Uscb Financial Holdings Inc. | Add +611.6% | 5.96% | +0.55 |
| VBNK Versabank | Add +6.1% | 4.51% | +0.48 |
| CARE Carter Bankshares Inc. | New | 0.28% | +0.28 |
| MNSB Mainstreet Bancshares Inc. | Add +3.3% | 0.48% | +0.04 |
| FFIC Flushing Financial Corp. | Add +3.1% | 0.14% | +0.02 |
| MCHB Mechanics Bancorp Class A | Add +21.0% | 2.56% | +0.01 |
| SFST Southern First Bancshares | Add +3.0% | 0.14% | +0.01 |
| BFST Business First Bancshares | Add +1380.0% | 5.59% | −0.00 |
| EQBK Equity Bancshares Inc. Class A | Add +2539.9% | 8.58% | −0.02 |
| SMBK Smartfinancial Inc. | Add +5760.9% | 0.98% | −0.23 |
| FSBC Five Star Bancorp | Add +320.7% | 2.15% | −0.39 |
Options Activity Q1 2024 → Q2 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 15,000 | $8.2M |
| IWM iShares Russell 2000 ETF | put | Reduce -20.0% | 20,000 | $4.1M |
| KRE SS SPDR S&P Regional Bank | put | New | 50,000 | $2.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 46 | $282.9M | ABX, VBNK, EQBK, FRST, FSUN |
| Q1 2026 | 53 | $258.0M | EQBK, FRST, ABX, VBNK, NIC |
| Q4 2025 | 50 | $255.2M | ABX, EQBK, FRST, VBNK, FHN |
| Q3 2025 | 54 | $219.7M | EQBK, MCHB, FRST, VBNK, ABX |
| Q2 2025 | 50 | $206.3M | EQBK, FRST, VBNK, USCB, FHN |
| Q1 2025 | 53 | $216.0M | EQBK, USCB, FRST, ABX, VBNK |
| Q4 2024 | 39 | $177.3M | EQBK, VBNK, FRST, USCB, ABX |
| Q3 2024 | 40 | $155.0M | EQBK, FRST, USCB, AMTB, FBMS |
| Q2 2024 | 45 | $161.5M | EQBK, FRST, USCB, BFST, FBMS |
| Q1 2024 | 47 | $177.1M | EQBK, FRST, BFST, FBMS, USCB |