Mendon Capital Advisors Corp.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Mendon Capital Advisors Corp. reported 40 stock positions worth $155.0 million. Its top holding was Equity Bancshares Class A (EQBK) at 8.5% of the portfolio, followed by Primis Financial (FRST, 7.4%) and Uscb Financial (USCB, 6.2%). Compared with Q2 2024, it opened 6 new positions, sold out of 11, added to 13 and reduced 16. The biggest buy was California Bancorp (BCAL, shares +8444%) and the biggest sale an exit from California Bancorp (CALB).
- Most Recent 13F
- Q2 2026
- Location
- KEY LARGO, FL
- CIK
- 0001177043
- Portfolio Value
- $155.0M (Q3 2024)
- SEC Filing
- 0001172661-24-004945 ↗ filed Nov 14, 2024
Holdings Value
Holdings 40 stocks · $155.0M
| EQBK Equity Bancshares Inc. Class A | 8.50% | 322,090 | $13.2M | Reduce -8.0% |
| FRST Primis Financial Corp. | 7.43% | 945,007 | $11.5M | Add +1622.5% |
| USCB Uscb Financial Holdings Inc. | 6.19% | 628,605 | $9.6M | Add +3.0% |
| AMTB Amerant Bancorp Inc. | 5.77% | 418,280 | $8.9M | Add +11793.1% |
| FBMS First Bancshares Inc. | 5.37% | 259,264 | $8.3M | Add +3359.2% |
| BFST Business First Bancshares | 5.13% | 309,912 | $8.0M | Reduce -16.2% |
| VBTX Veritex Holdings Inc. | 5.09% | 300,000 | $7.9M | Reduce -4.8% |
| VBNK Versabank | 4.59% | 535,742 | $7.1M | Add +537.4% |
| OBK Origin Bancorp Inc. | 4.15% | 200,000 | $6.4M | Reduce -2.4% |
| BCAL California Bancorp | 3.96% | 415,237 | $6.1M | Add +8444.0% |
| FHN First Horizon Corp. | 3.92% | 50,000 | $6.1M | Reduce -50.0% |
| ABX Abacus Global Management Inc. | 3.59% | 550,000 | $5.6M | Add +2.4% |
| MCHB Mechanics Bancorp Class A filed as HOMESTREET INC | 3.05% | 300,000 | $4.7M | Reduce -17.4% |
| MOFG Midwestone Financial Group I | 3.02% | 164,145 | $4.7M | New |
| PFS Provident Financial Services | 2.99% | 250,000 | $4.6M | Add +3025.0% |
| BY Byline Bancorp Inc. | 2.62% | 151,405 | $4.1M | Reduce -47.8% |
| CIVB Civista Bancshares Inc. | 2.49% | 216,180 | $3.9M | Add +8.1% |
| SSBK Southern States Bancshares | 2.38% | 120,000 | $3.7M | Reduce -4.0% |
| RNST Renasant Corp. | 2.10% | 100,000 | $3.3M | Add +300.0% |
| SHBI Shore Bancshares Inc. | 1.72% | 190,711 | $2.7M | Add +271.6% |
| FFWM First Foundation Inc. | 1.66% | 411,315 | $2.6M | Reduce -36.4% |
| COFS Choiceone Financial SVCS Inc. | 1.41% | 70,928 | $2.2M | New |
| MYFW First Western Financial Inc. | 1.32% | 102,166 | $2.0M | Add +43.1% |
| STEL Stellar Bancorp Inc. | 1.25% | 75,000 | $1.9M | No change |
| NIC Nicolet Bankshares Inc. | 1.23% | 20,000 | $1.9M | No change |
| CCB Coastal Financial Corp. | 1.05% | 30,000 | $1.6M | Reduce -25.0% |
| OSBC Old Second Bancorp Inc. | 1.01% | 100,000 | $1.6M | Reduce -33.3% |
| ABCB Ameris Bancorp | 0.98% | 5,500 | $1.5M | Reduce -78.0% |
| CADE Cadence Bank | 0.93% | 50,000 | $1.4M | New |
| FSBC Five Star Bancorp | 0.80% | 50,000 | $1.2M | No change |
| FSUN Firstsun Capital Bancorp | 0.75% | 27,115 | $1.2M | New |
| FLYW Flywire Corp.-Voting | 0.68% | 23,320 | $1.1M | New |
| AUB Atlantic Union Bankshares Co. | 0.61% | 25,000 | $942K | No change |
| OCFC Oceanfirst Financial Corp. | 0.60% | 50,000 | $930K | Reduce -33.3% |
| SMBK Smartfinancial Inc. | 0.50% | 26,469 | $771K | Reduce -60.5% |
| PNFP Pinnacle Financial Partners | 0.32% | 5,000 | $490K | New |
| LNKB Linkbancorp Inc. | 0.27% | 65,155 | $418K | Reduce -12.0% |
| MNSB Mainstreet Bancshares Inc. | 0.26% | 21,786 | $402K | Add +18.6% |
| SFST Southern First Bancshares | 0.17% | 7,842 | $267K | No change |
| MRBK Meridian Corp. | 0.15% | 18,587 | $235K | Reduce -38.0% |
Portfolio Sells Q2 2024 → Q3 2024
| CALB California Bancorp Inc. | Sold out | 0.00% | −3.55 |
| FBK FB Financial Corp. | Sold out | 0.00% | −2.26 |
| NTB Bank of N.T. Butterfield&son | Sold out | 0.00% | −2.17 |
| BANC Banc of California Inc. | Sold out | 0.00% | −1.79 |
| BY Byline Bancorp Inc. | Reduce -47.8% | 2.62% | −1.65 |
| FFWM First Foundation Inc. | Reduce -36.4% | 1.66% | −1.32 |
| LOB Live Oak Bancshares Inc. | Sold out | 0.00% | −1.05 |
| CBAN Colony Bankcorp | Sold out | 0.00% | −0.76 |
| TFIN Triumph Financial Inc. | Sold out | 0.00% | −0.56 |
| SMBK Smartfinancial Inc. | Reduce -60.5% | 0.50% | −0.48 |
| UCB United Community Banks | Sold out | 0.00% | −0.47 |
| BFST Business First Bancshares | Reduce -16.2% | 5.13% | −0.46 |
| OSBC Old Second Bancorp Inc. | Reduce -33.3% | 1.01% | −0.37 |
| ABCB Ameris Bancorp | Reduce -78.0% | 0.98% | −0.36 |
| LNKB Linkbancorp Inc. | Reduce -12.0% | 0.27% | −0.30 |
| CARE Carter Bankshares Inc. | Sold out | 0.00% | −0.28 |
| MRBK Meridian Corp. | Reduce -38.0% | 0.15% | −0.16 |
| FFIC Flushing Financial Corp. | Sold out | 0.00% | −0.14 |
| OCFC Oceanfirst Financial Corp. | Reduce -33.3% | 0.60% | −0.14 |
| CCB Coastal Financial Corp. | Reduce -25.0% | 1.05% | −0.10 |
| RVSB Riverview Bancorp Inc. | Sold out | 0.00% | −0.08 |
| EQBK Equity Bancshares Inc. Class A | Reduce -8.0% | 8.50% | −0.08 |
| OBK Origin Bancorp Inc. | Reduce -2.4% | 4.15% | +0.12 |
| FHN First Horizon Corp. | Reduce -50.0% | 3.92% | +0.21 |
| SSBK Southern States Bancshares | Reduce -4.0% | 2.38% | +0.28 |
| MCHB Mechanics Bancorp Class A | Reduce -17.4% | 3.05% | +0.49 |
| VBTX Veritex Holdings Inc. | Reduce -4.8% | 5.09% | +0.98 |
Portfolio Buys Q2 2024 → Q3 2024
| BCAL California Bancorp | Add +8444.0% | 3.96% | +3.15 |
| MOFG Midwestone Financial Group I | New | 3.02% | +3.02 |
| AMTB Amerant Bancorp Inc. | Add +11793.1% | 5.77% | +2.91 |
| RNST Renasant Corp. | Add +300.0% | 2.10% | +1.62 |
| COFS Choiceone Financial SVCS Inc. | New | 1.41% | +1.41 |
| CADE Cadence Bank | New | 0.93% | +0.93 |
| FRST Primis Financial Corp. | Add +1622.5% | 7.43% | +0.92 |
| FSUN Firstsun Capital Bancorp | New | 0.75% | +0.75 |
| FLYW Flywire Corp.-Voting | New | 0.68% | +0.68 |
| CIVB Civista Bancshares Inc. | Add +8.1% | 2.49% | +0.57 |
| ABX Abacus Global Management Inc. | Add +2.4% | 3.59% | +0.51 |
| PNFP Pinnacle Financial Partners | New | 0.32% | +0.32 |
| USCB Uscb Financial Holdings Inc. | Add +3.0% | 6.19% | +0.22 |
| SHBI Shore Bancshares Inc. | Add +271.6% | 1.72% | +0.17 |
| PFS Provident Financial Services | Add +3025.0% | 2.99% | +0.14 |
| MYFW First Western Financial Inc. | Add +43.1% | 1.32% | +0.09 |
| VBNK Versabank | Add +537.4% | 4.59% | +0.08 |
| FBMS First Bancshares Inc. | Add +3359.2% | 5.37% | +0.03 |
| MNSB Mainstreet Bancshares Inc. | Add +18.6% | 0.26% | −0.22 |
Options Activity Q2 2024 → Q3 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 15,000 | $8.2Mbefore exit |
| XLF SS Financial Select Sector | put | Sold out | 100,000 | $4.1Mbefore exit |
| IWM iShares Russell 2000 ETF | put | Sold out | 20,000 | $4.1Mbefore exit |
| KRE SS SPDR S&P Regional Bank | put | Sold out | 50,000 | $2.5Mbefore exit |
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 |