Mendon Capital Advisors Corp.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Mendon Capital Advisors Corp. reported 50 stock positions worth $206.3 million. Its top holding was Equity Bancshares Class A (EQBK) at 7.9% of the portfolio, followed by Primis Financial (FRST, 6.8%) and Versabank (VBNK, 5.8%). Compared with Q1 2025, it opened 7 new positions, sold out of 10, added to 18 and reduced 17. The biggest buy was a new position in Renasant (RNST) and the biggest sale an exit from First Bancshares (FBMS).
- Most Recent 13F
- Q2 2026
- Location
- KEY LARGO, FL
- CIK
- 0001177043
- Portfolio Value
- $206.3M (Q2 2025)
- SEC Filing
- 0001172661-25-003519 ↗ filed Aug 14, 2025
Holdings Value
Holdings 50 stocks · $206.3M
| EQBK Equity Bancshares Inc. Class A | 7.89% | 398,844 | $16.3M | Add +0.5% |
| FRST Primis Financial Corp. | 6.85% | 1,301,933 | $14.1M | Add +16.6% |
| VBNK Versabank | 5.82% | 1,052,650 | $12.0M | Add +4.0% |
| USCB Uscb Financial Holdings Inc. | 5.54% | 691,048 | $11.4M | Add +3.1% |
| FHN First Horizon Corp. | 5.30% | 515,540 | $10.9M | Add +1.5% |
| RNST Renasant Corp. | 4.35% | 250,000 | $9.0M | New |
| ABX Abacus Global Management Inc. | 4.04% | 1,619,342 | $8.3M | Add +13.9% |
| VBTX Veritex Holdings Inc. | 3.79% | 25,000 | $7.8M | No change |
| OBK Origin Bancorp Inc. | 3.64% | 210,000 | $7.5M | No change |
| BFST Business First Bancshares | 3.35% | 280,000 | $6.9M | Add +5.7% |
| MYFW First Western Financial Inc. | 3.07% | 280,524 | $6.3M | Add +9.1% |
| AMTB Amerant Bancorp Inc. | 2.83% | 320,000 | $5.8M | Reduce -14.5% |
| CIVB Civista Bancshares Inc. | 2.82% | 250,409 | $5.8M | Reduce -0.5% |
| BCAL California Bancorp | 2.79% | 365,000 | $5.8M | Reduce -15.3% |
| BUSE First Busey Corp. | 2.62% | 235,784 | $5.4M | Reduce -34.2% |
| MOFG Midwestone Financial Group I | 2.32% | 166,232 | $4.8M | Add +7.7% |
| PFS Provident Financial Services | 2.12% | 250,000 | $4.4M | Reduce -16.7% |
| FSUN Firstsun Capital Bancorp | 2.10% | 124,760 | $4.3M | Reduce -11.1% |
| FRME First Merchants Corp. | 2.08% | 112,250 | $4.3M | Reduce -14.4% |
| SHBI Shore Bancshares Inc. | 1.79% | 235,164 | $3.7M | Add +14.6% |
| BY Byline Bancorp Inc. | 1.62% | 125,000 | $3.3M | No change |
| ONB Old National Bancorp | 1.55% | 150,000 | $3.2M | Add +100.0% |
| NPB Northpointe Bancshares Inc. | 1.49% | 224,050 | $3.1M | Add +5.2% |
| FISI Financial Institutions Inc. | 1.39% | 112,044 | $2.9M | Add +0.3% |
| SSBK Southern States Bancshares | 1.32% | 75,000 | $2.7M | No change |
| MCHB Mechanics Bancorp Class A filed as HOMESTREET INC | 1.27% | 200,000 | $2.6M | No change |
| CARE Carter Bankshares Inc. | 1.20% | 142,392 | $2.5M | Add +106.0% |
| CADE Cadence Bank | 1.16% | 75,000 | $2.4M | New |
| BROOKLINE BANCORP INC | 1.15% | 225,000 | $2.4M | Reduce -55.0% |
| FFIC Flushing Financial Corp. | 1.00% | 173,764 | $2.1M | Reduce -26.1% |
| FFWM First Foundation Inc. | 0.99% | 400,000 | $2.0M | Reduce -13.1% |
| BWB Bridgewater Bancshares Inc. | 0.98% | 127,530 | $2.0M | New |
| BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC | 0.96% | 79,120 | $2.0M | New |
| AGNC AGNC Investment Corp. | 0.89% | 200,000 | $1.8M | No change |
| OSBC Old Second Bancorp Inc. | 0.86% | 100,000 | $1.8M | No change |
| HTB Hometrust Bancshares Inc. | 0.85% | 46,847 | $1.8M | Reduce -3.0% |
| EFSI Eagle Financial Services Inc. | 0.80% | 54,000 | $1.7M | Add +8.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.77% | 25,000 | $1.6M | New |
| ABCB Ameris Bancorp | 0.77% | 13,000 | $1.6M | Add +4.0% |
| COFS Choiceone Financial SVCS Inc. | 0.70% | 50,000 | $1.4M | No change |
| MPB Mid Penn Bancorp Inc. | 0.68% | 50,000 | $1.4M | Reduce -24.2% |
| OCFC Oceanfirst Financial Corp. | 0.43% | 50,000 | $881K | Reduce -50.0% |
| WSBC Wesbanco Inc. | 0.38% | 25,000 | $791K | Reduce -50.0% |
| LNKB Linkbancorp Inc. | 0.35% | 100,000 | $731K | Add +10.1% |
| MNSB Mainstreet Bancshares Inc. | 0.30% | 32,428 | $613K | Reduce -35.6% |
| CNOB Connectone Bancorp Inc. | 0.28% | 25,000 | $579K | New |
| PGC Peapack Gladstone Finl Corp. | 0.23% | 16,554 | $468K | Add +100.0% |
| MRBK Meridian Corp. | 0.19% | 30,000 | $387K | Reduce -33.8% |
| FLG Flagstar Bank NA | 0.17% | 33,060 | $350K | Reduce -82.5% |
| PNFP Pinnacle Financial Partners | 0.16% | 3,000 | $331K | New |
Portfolio Sells Q1 2025 → Q2 2025
| FBMS First Bancshares Inc. | Sold out | 0.00% | −3.91 |
| FBK FB Financial Corp. | Sold out | 0.00% | −2.10 |
| BROOKLINE BANCORP INC | Reduce -55.0% | 1.15% | −1.37 |
| CCB Coastal Financial Corp. | Sold out | 0.00% | −1.23 |
| BUSE First Busey Corp. | Reduce -34.2% | 2.62% | −0.97 |
| NIC Nicolet Bankshares Inc. | Sold out | 0.00% | −0.96 |
| FLG Flagstar Bank NA | Reduce -82.5% | 0.17% | −0.94 |
| AMTB Amerant Bancorp Inc. | Reduce -14.5% | 2.83% | −0.75 |
| AUB Atlantic Union Bankshares Co. | Sold out | 0.00% | −0.72 |
| STEL Stellar Bancorp Inc. | Sold out | 0.00% | −0.64 |
| FLYW Flywire Corp.-Voting | Sold out | 0.00% | −0.43 |
| FFIC Flushing Financial Corp. | Reduce -26.1% | 1.00% | −0.38 |
| FRME First Merchants Corp. | Reduce -14.4% | 2.08% | −0.37 |
| OCFC Oceanfirst Financial Corp. | Reduce -50.0% | 0.43% | −0.36 |
| WSBC Wesbanco Inc. | Reduce -50.0% | 0.38% | −0.33 |
| UCB United Community Banks | Sold out | 0.00% | −0.33 |
| NBTB N B T Bancorp Inc. | Sold out | 0.00% | −0.29 |
| PFS Provident Financial Services | Reduce -16.7% | 2.12% | −0.26 |
| FSUN Firstsun Capital Bancorp | Reduce -11.1% | 2.10% | −0.25 |
| FFWM First Foundation Inc. | Reduce -13.1% | 0.99% | −0.12 |
| MRBK Meridian Corp. | Reduce -33.8% | 0.19% | −0.11 |
| MPB Mid Penn Bancorp Inc. | Reduce -24.2% | 0.68% | −0.11 |
| SFST Southern First Bancshares | Sold out | 0.00% | −0.11 |
| MNSB Mainstreet Bancshares Inc. | Reduce -35.6% | 0.30% | −0.09 |
| BCAL California Bancorp | Reduce -15.3% | 2.79% | −0.07 |
| HTB Hometrust Bancshares Inc. | Reduce -3.0% | 0.85% | +0.08 |
| CIVB Civista Bancshares Inc. | Reduce -0.5% | 2.82% | +0.54 |
Portfolio Buys Q1 2025 → Q2 2025
| RNST Renasant Corp. | New | 4.35% | +4.35 |
| FRST Primis Financial Corp. | Add +16.6% | 6.85% | +1.80 |
| CADE Cadence Bank | New | 1.16% | +1.16 |
| BWB Bridgewater Bancshares Inc. | New | 0.98% | +0.98 |
| BBT Beacon Financial Corp. | New | 0.96% | +0.96 |
| VBNK Versabank | Add +4.0% | 5.82% | +0.96 |
| ONB Old National Bancorp | Add +100.0% | 1.55% | +0.82 |
| BAC Bank of America Corp. | New | 0.77% | +0.77 |
| FHN First Horizon Corp. | Add +1.5% | 5.30% | +0.73 |
| MYFW First Western Financial Inc. | Add +9.1% | 3.07% | +0.73 |
| CARE Carter Bankshares Inc. | Add +106.0% | 1.20% | +0.68 |
| EQBK Equity Bancshares Inc. Class A | Add +0.5% | 7.89% | +0.65 |
| SHBI Shore Bancshares Inc. | Add +14.6% | 1.79% | +0.51 |
| BFST Business First Bancshares | Add +5.7% | 3.35% | +0.36 |
| CNOB Connectone Bancorp Inc. | New | 0.28% | +0.28 |
| MOFG Midwestone Financial Group I | Add +7.7% | 2.32% | +0.20 |
| PNFP Pinnacle Financial Partners | New | 0.16% | +0.16 |
| PGC Peapack Gladstone Finl Corp. | Add +100.0% | 0.23% | +0.12 |
| FISI Financial Institutions Inc. | Add +0.3% | 1.39% | +0.10 |
| ABCB Ameris Bancorp | Add +4.0% | 0.77% | +0.10 |
| LNKB Linkbancorp Inc. | Add +10.1% | 0.35% | +0.07 |
| NPB Northpointe Bancshares Inc. | Add +5.2% | 1.49% | +0.06 |
| EFSI Eagle Financial Services Inc. | Add +8.0% | 0.80% | +0.04 |
| USCB Uscb Financial Holdings Inc. | Add +3.1% | 5.54% | −0.22 |
| ABX Abacus Global Management Inc. | Add +13.9% | 4.04% | −0.90 |
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 |