PL Capital Advisors, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 1, 2024), PL Capital Advisors, LLC reported 31 stock positions worth $262.5 million. Its top holding was Banc of California (BANC) at 18.7% of the portfolio, followed by Enterprise Financial Service (EFSC, 10.9%) and First Merchants (FRME, 9.1%). Compared with Q4 2023, it opened 1 new position, sold out of 4, added to 8 and reduced 12. The biggest buy was Banc of California (BANC, shares +1%) and the biggest sale an exit from Synchrony Financial (SYF).
- Most Recent 13F
- Q2 2026
- Location
- NAPLES, FL
- CIK
- 0001569147
- Portfolio Value
- $262.5M (Q1 2024)
- SEC Filing
- 0000897069-24-001004 ↗ filed May 1, 2024
Holdings Value
Holdings 31 stocks · $262.5M
| BANC Banc of California Inc. | 18.68% | 3,224,219 | $49.0M | Add +0.7% |
| EFSC Enterprise Financial Service | 10.87% | 703,829 | $28.5M | Reduce -2.8% |
| FRME First Merchants Corp. | 9.12% | 686,333 | $24.0M | Reduce -2.6% |
| FNB FNB Corp. | 8.68% | 1,616,765 | $22.8M | Reduce -3.6% |
| HBNC Horizon Bancorp Inc. | 7.93% | 1,623,174 | $20.8M | Add +6.8% |
| EVBN Evans Bancorp Inc. | 6.12% | 538,437 | $16.1M | Add +3.0% |
| OPOF Old Point Financial Corp. | 4.09% | 604,846 | $10.7M | No change |
| FNWD Finward Bancorp | 3.33% | 354,822 | $8.7M | Add +257.6% |
| CWBC Community West Bancshares | 3.18% | 538,675 | $8.3M | Reduce -3.6% |
| IBCP Independent Bank Corp. - Mich | 3.08% | 318,985 | $8.1M | Reduce -3.0% |
| MBIN Merchants Bancorp | 3.02% | 183,294 | $7.9M | No change |
| FRBA First Bank/Hamilton NJ | 2.51% | 478,887 | $6.6M | Reduce -4.0% |
| AGNC AGNC Investment Corp. | 2.43% | 643,372 | $6.4M | Add +3.6% |
| FRST Primis Financial Corp. | 2.20% | 475,241 | $5.8M | Reduce -2.1% |
| FISI Financial Institutions Inc. | 2.16% | 301,281 | $5.7M | Add +59.6% |
| ZION Zions Bancorp NA | 1.65% | 100,000 | $4.3M | Reduce -8.3% |
| ABCB Ameris Bancorp | 1.45% | 78,497 | $3.8M | No change |
| LUMENT FINANCE TRUST INC | 1.36% | 1,433,156 | $3.6M | No change |
| FLG New York Community Bancorp | 1.15% | 940,000 | $3.0M | Add +25.3% |
| NLY Annaly Capital Management Inc. | 1.14% | 152,603 | $3.0M | No change |
| CFG Citizens Financial Group | 1.11% | 80,000 | $2.9M | Reduce -46.5% |
| MGYR Magyar Bancorp Inc. | 1.08% | 254,557 | $2.8M | No change |
| LBAI Lakeland Bancorp Inc. | 0.74% | 161,400 | $2.0M | Reduce -9.6% |
| IVR Invesco Mortgage Capital | 0.74% | 200,000 | $1.9M | Add +513.5% |
| CVLY Codorus Valley Bancorp Inc. | 0.64% | 73,552 | $1.7M | No change |
| FITB Fifth Third Bancorp | 0.62% | 44,000 | $1.6M | Reduce -76.6% |
| VLY Valley National Bancorp | 0.30% | 100,000 | $796K | No change |
| CFBK CF Bankshares Inc. | 0.28% | 37,291 | $745K | No change |
| SBFG SB Financial Group Inc. filed as SB FINL GROUP INC | 0.15% | 28,159 | $388K | No change |
| CMA Comerica Inc. | 0.13% | 6,350 | $349K | Reduce -91.9% |
| OSBC Old Second Bancorp Inc. | 0.04% | 8,000 | $111K | New |
Portfolio Sells Q4 2023 → Q1 2024
| SYF Synchrony Financial | Sold out | 0.00% | −2.31 |
| HWBK Hawthorn Bancshares Inc. | Sold out | 0.00% | −2.02 |
| FITB Fifth Third Bancorp | Reduce -76.6% | 0.62% | −1.62 |
| CMA Comerica Inc. | Reduce -91.9% | 0.13% | −1.38 |
| KEY Keycorp | Sold out | 0.00% | −0.76 |
| CFG Citizens Financial Group | Reduce -46.5% | 1.11% | −0.61 |
| EFSC Enterprise Financial Service | Reduce -2.8% | 10.87% | −0.30 |
| CWBC Community West Bancshares | Reduce -3.6% | 3.18% | −0.18 |
| LBAI Lakeland Bancorp Inc. | Reduce -9.6% | 0.74% | −0.17 |
| WTFC Wintrust Financial Corp. | Sold out | 0.00% | −0.06 |
| FRBA First Bank/Hamilton NJ | Reduce -4.0% | 2.51% | −0.03 |
| ZION Zions Bancorp NA | Reduce -8.3% | 1.65% | +0.00 |
| FRST Primis Financial Corp. | Reduce -2.1% | 2.20% | +0.08 |
| FRME First Merchants Corp. | Reduce -2.6% | 9.12% | +0.10 |
| IBCP Independent Bank Corp. - Mich | Reduce -3.0% | 3.08% | +0.12 |
| FNB FNB Corp. | Reduce -3.6% | 8.68% | +0.70 |
Portfolio Buys Q4 2023 → Q1 2024
| BANC Banc of California Inc. | Add +0.7% | 18.68% | +3.82 |
| FNWD Finward Bancorp | Add +257.6% | 3.33% | +2.46 |
| FISI Financial Institutions Inc. | Add +59.6% | 2.16% | +0.77 |
| IVR Invesco Mortgage Capital | Add +513.5% | 0.74% | +0.64 |
| EVBN Evans Bancorp Inc. | Add +3.0% | 6.12% | +0.43 |
| HBNC Horizon Bancorp Inc. | Add +6.8% | 7.93% | +0.41 |
| AGNC AGNC Investment Corp. | Add +3.6% | 2.43% | +0.32 |
| OSBC Old Second Bancorp Inc. | New | 0.04% | +0.04 |
| FLG New York Community Bancorp | Add +25.3% | 1.15% | −1.50 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 31 | $359.8M | FISI, BANC, EFSC, HBNC, FRME |
| Q1 2026 | 30 | $331.6M | FISI, BANC, EFSC, HBNC, FRME |
| Q4 2025 | 26 | $317.2M | BANC, FISI, EFSC, HBNC, FRME |
| Q3 2025 | 26 | $301.4M | BANC, FISI, EFSC, HBNC, FRME |
| Q2 2025 | 25 | $299.7M | BANC, EFSC, FISI, OPOF, FRME |
| Q1 2025 | 27 | $297.7M | BANC, EFSC, FISI, FRME, EVBN |
| Q4 2024Amended | 29 | $293.0M | BANC, EFSC, FRME, EVBN, HBNC |
| Q3 2024 | 27 | $280.9M | BANC, EFSC, FISI, FRME, EVBN |
| Q2 2024 | 28 | $240.5M | BANC, EFSC, FRME, HBNC, FNB |
| Q1 2024 | 31 | $262.5M | BANC, EFSC, FRME, FNB, HBNC |