Mendon Capital Advisors Corp.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Mendon Capital Advisors Corp. reported 53 stock positions worth $258.0 million. Its top holding was Equity Bancshares Class A (EQBK) at 6.6% of the portfolio, followed by Primis Financial (FRST, 6.3%) and Abacus Global Management (ABX, 6.0%). Compared with Q4 2025, it opened 9 new positions, sold out of 6, added to 14 and reduced 13. The biggest buy was Nicolet Bankshares (NIC, shares +275%) and the biggest sale an exit from Midwestone Financial Group I (MOFG).

Most Recent 13F
Q2 2026
Location
KEY LARGO, FL
CIK
0001177043
Portfolio Value
$258.0M (Q1 2026)
SEC Filing
0001177043-26-000002 ↗ filed May 15, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $177.1M Q1 2024 Q2 2024: $161.5M Q2 2024 Q3 2024: $155.0M Q3 2024 Q4 2024: $177.3M Q4 2024 Q1 2025: $216.0M Q1 2025 Q2 2025: $206.3M Q2 2025 Q3 2025: $219.7M Q3 2025 Q4 2025: $255.2M Q4 2025 Q1 2026: $258.0M $258.0M Q1 2026 Q2 2026: $282.9M Q2 2026

Holdings 53 stocks · $258.0M
EQBK Equity Bancshares Inc. Class A 6.58% 382,050 $17.0M Reduce -0.8%
FRST Primis Financial Corp. 6.30% 1,224,543 $16.3M Add +0.6%
ABX Abacus Global Management Inc. 5.95% 1,949,321 $15.4M Reduce -3.1%
VBNK Versabank 5.19% 945,241 $13.4M Reduce -10.6%
NIC Nicolet Bankshares Inc. 4.32% 74,988 $11.1M Add +274.9%
RNST Renasant Corp. 4.31% 307,500 $11.1M Add +13.9%
USCB Uscb Financial Holdings Inc. 4.13% 574,100 $10.6M Add +17.9%
FHN First Horizon Corp. 3.78% 428,585 $9.8M Reduce -7.8%
OBK Origin Bancorp Inc. 3.21% 200,000 $8.3M No change
CBK Commercial Bancgroup Inc. 3.18% 315,633 $8.2M Reduce -15.8%
COSO Coastal South Bancshares Inc. 3.14% 329,743 $8.1M Add +24.1%
BCAL California Bancorp 2.78% 404,369 $7.2M Add +58.6%
CIVB Civista Bancshares Inc. 2.75% 311,725 $7.1M Add +38.3%
BFST Business First Bancshares 2.62% 250,000 $6.8M No change
AVBH Avidbank Holdings Inc. 2.43% 219,678 $6.3M Reduce -6.3%
MYFW First Western Financial Inc. 2.41% 253,336 $6.2M No change
AMTB Amerant Bancorp Inc. 2.34% 273,308 $6.0M Reduce -16.3%
BBT Beacon Financial Corp. 2.32% 199,731 $6.0M Add +87.7%
FBK FB Financial Corp. filed as FB FINL CORP 2.32% 115,000 $6.0M Reduce -4.2%
SFNC Simmons First Natl Corp. Class A 2.07% 275,000 $5.3M Add +10.0%
NPB Northpointe Bancshares Inc. 2.06% 308,624 $5.3M Add +86.3%
MCHB Mechanics Bancorp Class A 1.99% 347,614 $5.1M Reduce -52.1%
FSUN Firstsun Capital Bancorp 1.93% 136,325 $5.0M Reduce -3.0%
BANC Banc of California Inc. 1.87% 275,000 $4.8M Add +10.0%
CCB Coastal Financial Corp. 1.65% 56,000 $4.3M Add +86.7%
FFWM First Foundation Inc. 1.65% 719,278 $4.2M Add +79.8%
BY Byline Bancorp Inc. 1.53% 125,000 $3.9M No change
FRME First Merchants Corp. 1.46% 97,500 $3.8M Add +2.6%
AUB Atlantic Union Bankshares Co. 1.39% 100,000 $3.6M No change
FISI Financial Institutions Inc. 1.23% 100,000 $3.2M No change
SHBI Shore Bancshares Inc. 1.12% 155,290 $2.9M No change
CARE Carter Bankshares Inc. 0.95% 104,692 $2.4M Reduce -10.8%
PFS Provident Financial Services 0.94% 115,000 $2.4M No change
CBC Central Bancompany 0.93% 100,000 $2.4M Reduce -50.1%
BWB Bridgewater Bancshares Inc. 0.82% 120,000 $2.1M No change
OSBC Old Second Bancorp Inc. 0.78% 100,000 $2.0M No change
HTB Hometrust Bancshares Inc. 0.77% 46,847 $2.0M No change
IDA Idacorp Inc. 0.77% 77,612 $2.0M New
ABCB Ameris Bancorp 0.77% 25,500 $2.0M No change
FAF First American Financial 0.46% 1,188,914 $1.2M New
MNSB Mainstreet Bancshares Inc. 0.41% 47,312 $1.1M No change
ISTR Investar Holding Corp. 0.40% 38,037 $1.0M No change
INDB Independent Bank Corp. 0.29% 10,000 $752K New
NBTB N B T Bancorp Inc. 0.25% 15,000 $639K No change
NBHC National Bank Hold Class A 0.23% 15,052 $589K New
EBC Eastern Bankshares Inc. 0.23% 30,000 $587K New
CWBC Community West Bancshares 0.22% 24,796 $578K New
MRBK Meridian Corp. 0.20% 26,722 $507K No change
OCFC Oceanfirst Financial Corp. 0.14% 20,000 $361K New
SFST Southern First Bancshares 0.12% 5,582 $304K No change
PGC Peapack Gladstone Finl Corp. 0.12% 8,460 $298K Reduce -78.7%
RS Reliance Inc. 0.11% 20,000 $278K New
FSLR First Solar Inc. 0.06% 7,926 $165K New

Portfolio Sells Q4 2025 → Q1 2026
MOFG Midwestone Financial Group I Sold out 0.00% −2.78
MCHB Mechanics Bancorp Class A Reduce -52.1% 1.99% −2.18
FLG Flagstar Bank NA Sold out 0.00% −1.56
CBC Central Bancompany Reduce -50.1% 0.93% −0.92
VBNK Versabank Reduce -10.6% 5.19% −0.84
ABX Abacus Global Management Inc. Reduce -3.1% 5.95% −0.79
LOB Live Oak Bancshares Inc. Sold out 0.00% −0.67
FHN First Horizon Corp. Reduce -7.8% 3.78% −0.57
BUSE First Busey Corp. Sold out 0.00% −0.47
ONB Old National Bancorp Sold out 0.00% −0.44
CBK Commercial Bancgroup Inc. Reduce -15.8% 3.18% −0.42
PGC Peapack Gladstone Finl Corp. Reduce -78.7% 0.12% −0.32
FBK FB Financial Corp. Reduce -4.2% 2.32% −0.31
CBSH Commerce Bancshares Inc. Sold out 0.00% −0.29
EQBK Equity Bancshares Inc. Class A Reduce -0.8% 6.58% −0.17
AMTB Amerant Bancorp Inc. Reduce -16.3% 2.34% −0.16
FSUN Firstsun Capital Bancorp Reduce -3.0% 1.93% −0.15
AVBH Avidbank Holdings Inc. Reduce -6.3% 2.43% −0.01
CARE Carter Bankshares Inc. Reduce -10.8% 0.95% +0.04

Portfolio Buys Q4 2025 → Q1 2026
NIC Nicolet Bankshares Inc. Add +274.9% 4.32% +3.37
BBT Beacon Financial Corp. Add +87.7% 2.32% +1.22
NPB Northpointe Bancshares Inc. Add +86.3% 2.06% +0.98
BCAL California Bancorp Add +58.6% 2.78% +0.91
CIVB Civista Bancshares Inc. Add +38.3% 2.75% +0.79
IDA Idacorp Inc. New 0.77% +0.77
COSO Coastal South Bancshares Inc. Add +24.1% 3.14% +0.72
FFWM First Foundation Inc. Add +79.8% 1.65% +0.68
USCB Uscb Financial Holdings Inc. Add +17.9% 4.13% +0.61
RNST Renasant Corp. Add +13.9% 4.31% +0.58
FAF First American Financial New 0.46% +0.46
CCB Coastal Financial Corp. Add +86.7% 1.65% +0.30
INDB Independent Bank Corp. New 0.29% +0.29
NBHC National Bank Hold Class A New 0.23% +0.23
EBC Eastern Bankshares Inc. New 0.23% +0.23
SFNC Simmons First Natl Corp. Class A Add +10.0% 2.07% +0.23
CWBC Community West Bancshares New 0.22% +0.22
OCFC Oceanfirst Financial Corp. New 0.14% +0.14
RS Reliance Inc. New 0.11% +0.11
FRME First Merchants Corp. Add +2.6% 1.46% +0.07
FSLR First Solar Inc. New 0.06% +0.06
BANC Banc of California Inc. Add +10.0% 1.87% −0.02
FRST Primis Financial Corp. Add +0.6% 6.30% −0.33

Options Activity Q4 2025 → Q1 2026
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 20,000 $13.6Mbefore exit
KRE SS SPDR S&P Regional Bank put Sold out 175,000 $11.3Mbefore exit
XLF SS Financial Select Sector put Sold out 200,000 $11.0Mbefore exit
IWM iShares Russell 2000 ETF put Sold out 40,000 $9.8Mbefore exit
HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 100,000 $8.1Mbefore exit
TFC Truist Financial Corp. call Sold out 125,000 $6.2Mbefore exit
KBE SS SPDR S&P Bank ETF put Sold out 75,000 $4.6Mbefore exit
STT State Street Corp. call Sold out 25,000 $3.2Mbefore exit
PNC PNC Financial Services Group put Sold out 15,000 $3.1Mbefore exit
KEY Keycorp put Sold out 150,000 $3.1Mbefore exit
CFG Citizens Financial Group put Sold out 50,000 $2.9Mbefore exit
HBAN Huntington Bancshares Inc. put Sold out 100,000 $1.7Mbefore exit
RF Regions Financial Corp. put Sold out 50,000 $1.4Mbefore exit
USB US Bancorp put Sold out 25,000 $1.3Mbefore exit
ALLY Ally Financial Inc. put Sold out 25,000 $1.1Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 46$282.9MABX, VBNK, EQBK, FRST, FSUN
Q1 2026 53$258.0MEQBK, FRST, ABX, VBNK, NIC
Q4 2025 50$255.2MABX, EQBK, FRST, VBNK, FHN
Q3 2025 54$219.7MEQBK, MCHB, FRST, VBNK, ABX
Q2 2025 50$206.3MEQBK, FRST, VBNK, USCB, FHN
Q1 2025 53$216.0MEQBK, USCB, FRST, ABX, VBNK
Q4 2024 39$177.3MEQBK, VBNK, FRST, USCB, ABX
Q3 2024 40$155.0MEQBK, FRST, USCB, AMTB, FBMS
Q2 2024 45$161.5MEQBK, FRST, USCB, BFST, FBMS
Q1 2024 47$177.1MEQBK, FRST, BFST, FBMS, USCB