PL Capital Advisors, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), PL Capital Advisors, LLC reported 26 stock positions worth $301.4 million. Its top holding was Banc of California (BANC) at 16.2% of the portfolio, followed by Financial Institutions (FISI, 16.0%) and Enterprise Financial Service (EFSC, 13.4%). Compared with Q2 2025, it opened 4 new positions, sold out of 3, added to 7 and reduced 3. The biggest buy was Financial Institutions (FISI, shares +30%) and the biggest sale an exit from Old Point Financial (OPOF).

Most Recent 13F
Q2 2026
Location
NAPLES, FL
CIK
0001569147
Portfolio Value
$301.4M (Q3 2025)
SEC Filing
0000897069-25-001638 ↗ filed Nov 4, 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 Q1 2025 Q2 2025: $299.7M Q2 2025 Q3 2025: $301.4M $301.4M Q3 2025 Q4 2025: $317.2M Q4 2025 Q1 2026: $331.6M Q1 2026 Q2 2026: $359.8M Q2 2026

Holdings 26 stocks · $301.4M
BANC Banc of California Inc. 16.20% 2,949,219 $48.8M No change
FISI Financial Institutions Inc. 16.02% 1,774,886 $48.3M Add +30.4%
EFSC Enterprise Financial Service 13.45% 698,829 $40.5M Reduce -0.7%
HBNC Horizon Bancorp Inc. 8.98% 1,691,174 $27.1M Add +13.4%
FRME First Merchants Corp. 8.59% 686,333 $25.9M No change
FNB FNB Corp. 7.55% 1,412,765 $22.8M No change
ARBV American Riviera Bancorp 4.21% 577,500 $12.7M Add +0.9%
FNWD Finward Bancorp 4.21% 395,716 $12.7M No change
NBTB N B T Bancorp Inc. 4.03% 291,030 $12.2M Reduce -25.9%
IBCP Independent Bank Corp. - Mich 3.28% 318,985 $9.9M No change
CWBC Community West Bancshares 2.94% 425,551 $8.9M No change
FRBA First Bank/Hamilton NJ 2.59% 478,887 $7.8M No change
MBIN Merchants Bancorp 1.99% 188,294 $6.0M No change
FRST Primis Financial Corp. 1.66% 475,241 $5.0M No change
MGYR Magyar Bancorp Inc. 1.05% 183,317 $3.2M Reduce -10.4%
CHMG Chemung Financial Corp. 1.03% 59,127 $3.1M Add +890.1%
ORRF Orrstown Finl Services Inc. 0.73% 64,356 $2.2M No change
FITB Fifth Third Bancorp 0.67% 45,600 $2.0M No change
CBAF Citba Financial Corp. 0.21% 21,654 $628K Add +35.1%
INBC Inbankshares Corp. 0.21% 54,085 $623K Add +0.9%
FMBM F & M Bank Corp. 0.16% 18,461 $478K New
FNRN First Northern Community Ban 0.15% 36,500 $464K New
PBNC PB Finl Corp. 0.03% 2,000 $104K No change
TRVR Two Rivers Financial Group 0.03% 2,434 $88K New
FXNC First National Corp. 0.02% 5,379 $62K Add +2523.9%
CYSM Community Bancorp of Santa 0.01% 1,050 $16K New

Portfolio Sells Q2 2025 → Q3 2025
OPOF Old Point Financial Corp. Sold out 0.00% −9.44
NBTB N B T Bancorp Inc. Reduce -25.9% 4.03% −1.41
CMA Comerica Inc. Sold out 0.00% −0.57
MGYR Magyar Bancorp Inc. Reduce -10.4% 1.05% −0.09
BFIN Bankfinancial Corp. Sold out 0.00% −0.05
EFSC Enterprise Financial Service Reduce -0.7% 13.45% +0.50

Portfolio Buys Q2 2025 → Q3 2025
FISI Financial Institutions Inc. Add +30.4% 16.02% +4.35
HBNC Horizon Bancorp Inc. Add +13.4% 8.98% +1.33
CHMG Chemung Financial Corp. Add +890.1% 1.03% +0.93
ARBV American Riviera Bancorp Add +0.9% 4.21% +0.53
FMBM F & M Bank Corp. New 0.16% +0.16
FNRN First Northern Community Ban New 0.15% +0.15
CBAF Citba Financial Corp. Add +35.1% 0.21% +0.05
TRVR Two Rivers Financial Group New 0.03% +0.03
FXNC First National Corp. Add +2523.9% 0.02% +0.02
INBC Inbankshares Corp. Add +0.9% 0.21% +0.01
CYSM Community Bancorp of Santa New 0.01% +0.01

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