PL Capital Advisors, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), PL Capital Advisors, LLC reported 30 stock positions worth $331.6 million. Its top holding was Financial Institutions (FISI) at 17.4% of the portfolio, followed by Banc of California (BANC, 15.6%) and Enterprise Financial Service (EFSC, 12.0%). Compared with Q4 2025, it opened 5 new positions, sold out of 1, added to 5 and reduced 2. The biggest buy was a new position in Bnccorp (BNCC) and the biggest sale FNB (FNB, shares −30%).

Most Recent 13F
Q2 2026
Location
NAPLES, FL
CIK
0001569147
Portfolio Value
$331.6M (Q1 2026)
SEC Filing
0000897069-26-001056 ↗ filed May 7, 2026

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 Q3 2025 Q4 2025: $317.2M Q4 2025 Q1 2026: $331.6M $331.6M Q1 2026 Q2 2026: $359.8M Q2 2026

Holdings 30 stocks · $331.6M
FISI Financial Institutions Inc. 17.37% 1,816,102 $57.6M Add +0.7%
BANC Banc of California Inc. 15.63% 2,949,219 $51.8M No change
EFSC Enterprise Financial Service 11.97% 733,329 $39.7M No change
HBNC Horizon Bancorp Inc. 9.06% 1,812,825 $30.0M No change
FRME First Merchants Corp. 8.02% 686,333 $26.6M No change
FNB FNB Corp. 5.01% 992,765 $16.6M Reduce -29.7%
FNWD Finward Bancorp 4.33% 395,716 $14.4M No change
ARBV American Riviera Bancorp 4.05% 569,500 $13.4M No change
BNCC Bnccorp 3.58% 334,900 $11.9M New
FLG Flagstar Bank NA 3.32% 835,335 $11.0M New
IBCP Independent Bank Corp. - Mich 3.20% 318,985 $10.6M No change
NBTB N B T Bancorp Inc. 2.67% 208,030 $8.9M No change
CWBC Community West Bancshares 2.32% 329,551 $7.7M No change
FRBA First Bank/Hamilton NJ 2.31% 478,887 $7.7M No change
CHMG Chemung Financial Corp. 1.77% 109,336 $5.9M No change
MGYR Magyar Bancorp Inc. 0.96% 183,317 $3.2M No change
FRST Primis Financial Corp. 0.95% 237,241 $3.2M No change
ORRF Orrstown Finl Services Inc. 0.70% 64,356 $2.3M No change
FHN First Horizon Corp. 0.69% 100,000 $2.3M No change
PGC Peapack Gladstone Finl Corp. 0.48% 45,500 $1.6M No change
FMBM F & M Bank Corp. 0.32% 35,153 $1.1M No change
RMBI Richmond Mutual Bancorporati 0.25% 61,719 $838K Add +9665.7%
INBC Inbankshares Corp. 0.19% 54,085 $643K No change
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 0.19% 30,000 $630K New
FNRN First Northern Community Ban 0.18% 38,325 $609K Add +5.0%
PBAM Private Bancorp of America I 0.14% 7,000 $476K New
PBNC PB Finl Corp. 0.14% 7,102 $462K Add +102.9%
CBAF Citba Financial Corp. 0.14% 11,502 $457K Reduce -60.7%
FMBH First Mid Bancshares Inc. 0.04% 3,344 $138K New
MFGI Merchants Financial Group Inc. 0.01% 1,380 $48K Add +666.7%

Portfolio Sells Q4 2025 → Q1 2026
FNB FNB Corp. Reduce -29.7% 5.01% −2.61
CBAF Citba Financial Corp. Reduce -60.7% 0.14% −0.21
TRVR Two Rivers Financial Group Sold out 0.00% −0.04

Portfolio Buys Q4 2025 → Q1 2026
BNCC Bnccorp New 3.58% +3.58
FLG Flagstar Bank NA New 3.32% +3.32
RMBI Richmond Mutual Bancorporati Add +9665.7% 0.25% +0.25
SBFG SB Financial Group Inc. New 0.19% +0.19
PBAM Private Bancorp of America I New 0.14% +0.14
PBNC PB Finl Corp. Add +102.9% 0.14% +0.08
FMBH First Mid Bancshares Inc. New 0.04% +0.04
FNRN First Northern Community Ban Add +5.0% 0.18% +0.03
MFGI Merchants Financial Group Inc. Add +666.7% 0.01% +0.01
FISI Financial Institutions Inc. Add +0.7% 17.37% −0.35

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