PL Capital Advisors, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), PL Capital Advisors, LLC reported 27 stock positions worth $297.7 million. Its top holding was Banc of California (BANC) at 14.4% of the portfolio, followed by Enterprise Financial Service (EFSC, 12.7%) and Financial Institutions (FISI, 10.6%). Compared with Q4 2024, it opened 4 new positions, sold out of 6, added to 4 and reduced 3. The biggest buy was Financial Institutions (FISI, shares +153%) and the biggest sale an exit from AGNC Investment (AGNC).

Most Recent 13F
Q2 2026
Location
NAPLES, FL
CIK
0001569147
Portfolio Value
$297.7M (Q1 2025)
SEC Filing
0000897069-25-000969 ↗ filed May 13, 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 Q4 2024 Q1 2025: $297.7M $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 27 stocks · $297.7M
BANC Banc of California Inc. 14.41% 3,024,219 $42.9M No change
EFSC Enterprise Financial Service 12.70% 703,829 $37.8M No change
FISI Financial Institutions Inc. 10.57% 1,261,010 $31.5M Add +153.3%
FRME First Merchants Corp. 9.32% 686,333 $27.8M No change
EVBN Evans Bancorp Inc. 8.01% 611,759 $23.8M No change
HBNC Horizon Bancorp Inc. 7.55% 1,491,174 $22.5M Add +0.5%
OPOF Old Point Financial Corp. filed as OLD PT FINANCIAL CORPORATION 7.25% 720,861 $21.6M No change
FNB FNB Corp. 6.38% 1,412,765 $19.0M No change
FNWD Finward Bancorp 3.87% 395,716 $11.5M Add +11.2%
ARBV American Riviera Bancorp 3.59% 557,500 $10.7M New
IBCP Independent Bank Corp. - Mich 3.30% 318,985 $9.8M No change
CWBC Community West Bancshares 2.64% 425,551 $7.9M No change
FRBA First Bank/Hamilton NJ 2.38% 478,887 $7.1M No change
MBIN Merchants Bancorp 2.34% 188,294 $7.0M No change
FRST Primis Financial Corp. 1.56% 475,241 $4.6M No change
MGYR Magyar Bancorp Inc. 1.19% 254,557 $3.5M No change
ORRF Orrstown Finl Services Inc. 0.65% 64,356 $1.9M No change
FITB Fifth Third Bancorp 0.60% 45,600 $1.8M Add +3.6%
CMA Comerica Inc. 0.57% 28,750 $1.7M No change
BFIN Bankfinancial Corp. 0.38% 89,955 $1.1M No change
IVR Invesco Mortgage Capital 0.27% 100,000 $789K Reduce -75.0%
INBC Inbankshares Corp. 0.17% 53,185 $505K New
CBAF Citba Financial Corp. 0.16% 16,030 $473K New
FRAF Franklin Financial Services 0.08% 6,337 $225K Reduce -50.8%
CHMG Chemung Financial Corp. 0.03% 1,972 $94K No change
PBNC PB Finl Corp. 0.03% 2,000 $91K New
FXNC First National Corp. 0.00% 205 $5K Reduce -94.0%

Portfolio Sells Q4 2024 → Q1 2025
AGNC AGNC Investment Corp. Sold out 0.00% −1.86
NLY Annaly Capital Management Inc. Sold out 0.00% −0.95
PFS Provident Financial Services Sold out 0.00% −0.86
IVR Invesco Mortgage Capital Reduce -75.0% 0.27% −0.83
VLY Valley National Bancorp Sold out 0.00% −0.31
SBFG SB Financial Group Inc. Sold out 0.00% −0.20
FRAF Franklin Financial Services Reduce -50.8% 0.08% −0.06
LUMENT FINANCE TRUST INC Sold out 0.00% −0.05
FXNC First National Corp. Reduce -94.0% 0.00% −0.03

Portfolio Buys Q4 2024 → Q1 2025
FISI Financial Institutions Inc. Add +153.3% 10.57% +5.94
ARBV American Riviera Bancorp New 3.59% +3.59
FNWD Finward Bancorp Add +11.2% 3.87% +0.46
INBC Inbankshares Corp. New 0.17% +0.17
CBAF Citba Financial Corp. New 0.16% +0.16
PBNC PB Finl Corp. New 0.03% +0.03
FITB Fifth Third Bancorp Add +3.6% 0.60% −0.03
HBNC Horizon Bancorp Inc. Add +0.5% 7.55% −0.60

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