Mendon Capital Advisors Corp.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 21, 2025), Mendon Capital Advisors Corp. reported 53 stock positions worth $216.0 million. Its top holding was Equity Bancshares Class A (EQBK) at 7.2% of the portfolio, followed by Uscb Financial (USCB, 5.8%) and Primis Financial (FRST, 5.1%). Compared with Q4 2024, it opened 15 new positions, sold out of 1, added to 14 and reduced 16. The biggest buy was a new position in First Horizon (FHN) and the biggest sale Equity Bancshares Class A (EQBK, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- KEY LARGO, FL
- CIK
- 0001177043
- Portfolio Value
- $216.0M (Q1 2025)
- SEC Filing
- 0001172661-25-002423 ↗ filed May 21, 2025
Holdings Value
Holdings 53 stocks · $216.0M
| EQBK Equity Bancshares Inc. Class A | 7.24% | 396,977 | $15.6M | Reduce -1.6% |
| USCB Uscb Financial Holdings Inc. | 5.76% | 670,178 | $12.4M | Reduce -0.7% |
| FRST Primis Financial Corp. | 5.05% | 1,116,850 | $10.9M | Add +6.2% |
| ABX Abacus Global Management Inc. | 4.93% | 1,422,171 | $10.7M | Add +9.1% |
| VBNK Versabank | 4.86% | 1,012,523 | $10.5M | Add +14.1% |
| FHN First Horizon Corp. | 4.57% | 507,770 | $9.9M | New |
| FBMS First Bancshares Inc. | 3.91% | 250,000 | $8.5M | No change |
| BUSE First Busey Corp. | 3.58% | 358,192 | $7.7M | New |
| AMTB Amerant Bancorp Inc. | 3.58% | 374,290 | $7.7M | Add +1.9% |
| VBTX Veritex Holdings Inc. | 3.46% | 25,000 | $7.5M | Reduce -90.5% |
| OBK Origin Bancorp Inc. | 3.37% | 210,000 | $7.3M | Add +5.0% |
| BFST Business First Bancshares | 2.99% | 265,000 | $6.5M | Reduce -1.1% |
| BCAL California Bancorp | 2.86% | 431,139 | $6.2M | Reduce -2.8% |
| BROOKLINE BANCORP INC | 2.52% | 500,000 | $5.5M | Add +66.7% |
| FRME First Merchants Corp. | 2.46% | 131,125 | $5.3M | New |
| PFS Provident Financial Services | 2.39% | 300,000 | $5.2M | Add +50.0% |
| FSUN Firstsun Capital Bancorp | 2.35% | 140,260 | $5.1M | Add +197.7% |
| MYFW First Western Financial Inc. | 2.34% | 257,207 | $5.1M | Reduce -0.1% |
| CIVB Civista Bancshares Inc. | 2.28% | 251,603 | $4.9M | Add +3.8% |
| MOFG Midwestone Financial Group I | 2.12% | 154,284 | $4.6M | No change |
| FBK FB Financial Corp. filed as FB FINL CORP | 2.10% | 50,000 | $4.5M | New |
| BY Byline Bancorp Inc. | 1.51% | 125,000 | $3.3M | No change |
| NPB Northpointe Bancshares Inc. | 1.42% | 213,070 | $3.1M | New |
| FFIC Flushing Financial Corp. | 1.38% | 235,150 | $3.0M | Reduce -32.8% |
| FISI Financial Institutions Inc. | 1.29% | 111,720 | $2.8M | Add +11.7% |
| SHBI Shore Bancshares Inc. | 1.29% | 205,164 | $2.8M | Reduce -11.5% |
| SSBK Southern States Bancshares | 1.24% | 75,000 | $2.7M | Reduce -37.5% |
| CCB Coastal Financial Corp. | 1.23% | 15,000 | $2.7M | Reduce -50.0% |
| FLG Flagstar Bank NA | 1.11% | 189,000 | $2.4M | Add +1250.0% |
| FFWM First Foundation Inc. | 1.11% | 460,386 | $2.4M | Add +23.2% |
| MCHB Mechanics Bancorp Class A filed as HOMESTREET INC | 1.09% | 200,000 | $2.3M | Reduce -33.3% |
| NIC Nicolet Bankshares Inc. | 0.96% | 20,000 | $2.1M | No change |
| AGNC AGNC Investment Corp. | 0.89% | 200,000 | $1.9M | New |
| MPB Mid Penn Bancorp Inc. | 0.79% | 65,992 | $1.7M | No change |
| OCFC Oceanfirst Financial Corp. | 0.79% | 100,000 | $1.7M | Add +100.0% |
| OSBC Old Second Bancorp Inc. | 0.77% | 100,000 | $1.7M | No change |
| HTB Hometrust Bancshares Inc. | 0.77% | 48,297 | $1.7M | New |
| EFSI Eagle Financial Services Inc. | 0.76% | 50,000 | $1.6M | New |
| ONB Old National Bancorp | 0.74% | 75,000 | $1.6M | New |
| WSBC Wesbanco Inc. | 0.72% | 50,000 | $1.5M | New |
| AUB Atlantic Union Bankshares Co. | 0.72% | 25,000 | $1.5M | No change |
| ABCB Ameris Bancorp | 0.67% | 12,500 | $1.4M | New |
| COFS Choiceone Financial SVCS Inc. | 0.67% | 50,000 | $1.4M | Reduce -29.5% |
| STEL Stellar Bancorp Inc. | 0.64% | 50,000 | $1.4M | No change |
| CARE Carter Bankshares Inc. | 0.52% | 69,117 | $1.1M | Add +7.8% |
| FLYW Flywire Corp.-Voting | 0.43% | 105,150 | $919K | New |
| MNSB Mainstreet Bancshares Inc. | 0.39% | 50,319 | $841K | Reduce -2.2% |
| UCB United Community Banks | 0.33% | 25,000 | $703K | New |
| MRBK Meridian Corp. | 0.30% | 45,296 | $652K | Reduce -6.8% |
| NBTB N B T Bancorp Inc. | 0.29% | 15,000 | $620K | New |
| LNKB Linkbancorp Inc. | 0.29% | 90,857 | $616K | Reduce -15.1% |
| PGC Peapack Gladstone Finl Corp. | 0.11% | 8,277 | $235K | New |
| SFST Southern First Bancshares | 0.11% | 7,096 | $234K | Reduce -9.5% |
Portfolio Sells Q4 2024 → Q1 2025
| EQBK Equity Bancshares Inc. Class A | Reduce -1.6% | 7.24% | −2.40 |
| FFIC Flushing Financial Corp. | Reduce -32.8% | 1.38% | −1.44 |
| BCAL California Bancorp | Reduce -2.8% | 2.86% | −1.28 |
| LOB Live Oak Bancshares Inc. | Sold out | 0.00% | −1.12 |
| SSBK Southern States Bancshares | Reduce -37.5% | 1.24% | −1.01 |
| USCB Uscb Financial Holdings Inc. | Reduce -0.7% | 5.76% | −1.00 |
| BFST Business First Bancshares | Reduce -1.1% | 2.99% | −0.89 |
| MCHB Mechanics Bancorp Class A | Reduce -33.3% | 1.09% | −0.85 |
| SHBI Shore Bancshares Inc. | Reduce -11.5% | 1.29% | −0.78 |
| COFS Choiceone Financial SVCS Inc. | Reduce -29.5% | 0.67% | −0.76 |
| VBTX Veritex Holdings Inc. | Reduce -90.5% | 3.46% | −0.52 |
| MYFW First Western Financial Inc. | Reduce -0.1% | 2.34% | −0.50 |
| CCB Coastal Financial Corp. | Reduce -50.0% | 1.23% | −0.21 |
| LNKB Linkbancorp Inc. | Reduce -15.1% | 0.29% | −0.17 |
| MNSB Mainstreet Bancshares Inc. | Reduce -2.2% | 0.39% | −0.14 |
| MRBK Meridian Corp. | Reduce -6.8% | 0.30% | −0.07 |
| SFST Southern First Bancshares | Reduce -9.5% | 0.11% | −0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| FHN First Horizon Corp. | New | 4.57% | +4.57 |
| BUSE First Busey Corp. | New | 3.58% | +3.58 |
| FRME First Merchants Corp. | New | 2.46% | +2.46 |
| FBK FB Financial Corp. | New | 2.10% | +2.10 |
| NPB Northpointe Bancshares Inc. | New | 1.42% | +1.42 |
| FSUN Firstsun Capital Bancorp | Add +197.7% | 2.35% | +1.28 |
| FLG Flagstar Bank NA | Add +1250.0% | 1.11% | +1.04 |
| AGNC AGNC Investment Corp. | New | 0.89% | +0.89 |
| HTB Hometrust Bancshares Inc. | New | 0.77% | +0.77 |
| EFSI Eagle Financial Services Inc. | New | 0.76% | +0.76 |
| ONB Old National Bancorp | New | 0.74% | +0.74 |
| WSBC Wesbanco Inc. | New | 0.72% | +0.72 |
| ABCB Ameris Bancorp | New | 0.67% | +0.67 |
| BROOKLINE BANCORP INC | Add +66.7% | 2.52% | +0.53 |
| FLYW Flywire Corp.-Voting | New | 0.43% | +0.43 |
| UCB United Community Banks | New | 0.33% | +0.33 |
| NBTB N B T Bancorp Inc. | New | 0.29% | +0.29 |
| OCFC Oceanfirst Financial Corp. | Add +100.0% | 0.79% | +0.28 |
| PFS Provident Financial Services | Add +50.0% | 2.39% | +0.26 |
| PGC Peapack Gladstone Finl Corp. | New | 0.11% | +0.11 |
| CARE Carter Bankshares Inc. | Add +7.8% | 0.52% | −0.12 |
| FFWM First Foundation Inc. | Add +23.2% | 1.11% | −0.20 |
| FISI Financial Institutions Inc. | Add +11.7% | 1.29% | −0.25 |
| OBK Origin Bancorp Inc. | Add +5.0% | 3.37% | −0.38 |
| CIVB Civista Bancshares Inc. | Add +3.8% | 2.28% | −0.60 |
| ABX Abacus Global Management Inc. | Add +9.1% | 4.93% | −0.83 |
| AMTB Amerant Bancorp Inc. | Add +1.9% | 3.58% | −1.07 |
| FRST Primis Financial Corp. | Add +6.2% | 5.05% | −1.86 |
| VBNK Versabank | Add +14.1% | 4.86% | −2.07 |
Options Activity Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 15,000 | $8.8Mbefore exit |
| XLF SS Financial Select Sector | put | Sold out | 150,000 | $7.2Mbefore exit |
| KRE SS SPDR S&P Regional Bank | put | Sold out | 100,000 | $6.0Mbefore exit |
| IWM iShares Russell 2000 ETF | put | Sold out | 15,000 | $3.3Mbefore exit |
| HBAN Huntington Bancshares Inc. | put | Sold out | 25,000 | $407Kbefore 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 |