PL Capital Advisors, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 5, 2025), PL Capital Advisors, LLC reported 29 stock positions worth $293.0 million. Its top holding was Banc of California (BANC) at 16.0% of the portfolio, followed by Enterprise Financial Service (EFSC, 13.5%) and First Merchants (FRME, 9.3%). Compared with Q3 2024, it opened 5 new positions, sold out of 3, added to 2 and reduced 2. The biggest buy was a new position in FNB (FNB) and the biggest sale Financial Institutions (FISI, shares −72%).

Most Recent 13F
Q2 2026
Location
NAPLES, FL
CIK
0001569147
Portfolio Value
$293.0M (Q4 2024)
SEC Filing
0000897069-25-000177 ↗ filed Feb 5, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $262.5M Q1 2024 Q2 2024: $240.5M Q2 2024 Q3 2024: $280.9M Q3 2024 Q4 2024: $293.0M $293.0M Q4 2024 Q1 2025: $297.7M Q1 2025 Q2 2025: $299.7M Q2 2025 Q3 2025: $301.4M Q3 2025 Q4 2025: $317.2M Q4 2025 Q1 2026: $331.6M Q1 2026 Q2 2026: $359.8M Q2 2026

Holdings 29 stocks · $293.0M
BANC Banc of California Inc. 15.96% 3,024,219 $46.8M No change
EFSC Enterprise Financial Service 13.55% 703,829 $39.7M No change
FRME First Merchants Corp. 9.34% 686,333 $27.4M No change
EVBN Evans Bancorp Inc. 9.04% 611,759 $26.5M No change
HBNC Horizon Bancorp Inc. 8.15% 1,483,174 $23.9M Add +0.7%
FNB FNB Corp. 7.13% 1,412,765 $20.9M New
OPOF Old Point Financial Corp. 6.41% 720,861 $18.8M No change
FISI Financial Institutions Inc. 4.64% 497,751 $13.6M Reduce -71.9%
IBCP Independent Bank Corp. - Mich 3.79% 318,985 $11.1M No change
FNWD Finward Bancorp 3.41% 355,716 $10.0M Add +0.3%
CWBC Community West Bancshares 2.81% 425,551 $8.2M No change
MBIN Merchants Bancorp 2.34% 188,294 $6.9M No change
FRBA First Bank/Hamilton NJ 2.30% 478,887 $6.7M No change
FRST Primis Financial Corp. 1.89% 475,241 $5.5M No change
AGNC AGNC Investment Corp. 1.86% 593,372 $5.5M No change
MGYR Magyar Bancorp Inc. 1.27% 254,557 $3.7M No change
IVR Invesco Mortgage Capital 1.10% 400,000 $3.2M No change
NLY Annaly Capital Management Inc. 0.95% 152,603 $2.8M No change
PFS Provident Financial Services 0.86% 134,267 $2.5M No change
ORRF Orrstown Finl Services Inc. 0.80% 64,356 $2.4M No change
FITB Fifth Third Bancorp 0.63% 44,000 $1.9M No change
CMA Comerica Inc. 0.61% 28,750 $1.8M No change
BFIN Bankfinancial Corp. 0.39% 89,955 $1.1M New
VLY Valley National Bancorp 0.31% 100,000 $906K No change
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 0.20% 28,159 $589K No change
FRAF Franklin Financial Services 0.13% 12,883 $385K New
LUMENT FINANCE TRUST INC 0.05% 60,203 $155K Reduce -79.0%
CHMG Chemung Financial Corp. 0.03% 1,972 $96K New
FXNC First National Corp. 0.03% 3,400 $78K New

Portfolio Sells Q3 2024 → Q4 2024
FISI Financial Institutions Inc. Reduce -71.9% 4.64% −5.72
FLG New York Community Bancorp Sold out 0.00% −1.25
ABCB Ameris Bancorp Sold out 0.00% −0.76
CFBK CF Bankshares Inc. Sold out 0.00% −0.29
LUMENT FINANCE TRUST INC Reduce -79.0% 0.05% −0.20

Portfolio Buys Q3 2024 → Q4 2024
FNB FNB Corp. New 7.13% +7.13
BFIN Bankfinancial Corp. New 0.39% +0.39
FRAF Franklin Financial Services New 0.13% +0.13
CHMG Chemung Financial Corp. New 0.03% +0.03
FXNC First National Corp. New 0.03% +0.03
HBNC Horizon Bancorp Inc. Add +0.7% 8.15% −0.00
FNWD Finward Bancorp Add +0.3% 3.41% −0.63

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 31$359.8MFISI, BANC, EFSC, HBNC, FRME
Q1 2026 30$331.6MFISI, BANC, EFSC, HBNC, FRME
Q4 2025 26$317.2MBANC, FISI, EFSC, HBNC, FRME
Q3 2025 26$301.4MBANC, FISI, EFSC, HBNC, FRME
Q2 2025 25$299.7MBANC, EFSC, FISI, OPOF, FRME
Q1 2025 27$297.7MBANC, EFSC, FISI, FRME, EVBN
Q4 2024Amended 29$293.0MBANC, EFSC, FRME, EVBN, HBNC
Q3 2024 27$280.9MBANC, EFSC, FISI, FRME, EVBN
Q2 2024 28$240.5MBANC, EFSC, FRME, HBNC, FNB
Q1 2024 31$262.5MBANC, EFSC, FRME, FNB, HBNC