Q4 2025 · 13F-HR
BANC FUNDS CO LLCholdings as filed
Filed 2026-02-12 · accession 0001029311-26-000002
$505.2M
Reported value
98
Positions
2025-12-31
Period end
The Brief · BANC FUNDS CO LLC · Q4 2025
AI · grounded in 13F
BANC FUNDS CO LLC closed its position in VBTX, reducing its exposure by $5.29M. The fund also exited positions in COFS and DCOM, resulting in decreases of $3.92M and $2.92M respectively. Conversely, the fund accumulated shares of CCNB by 41.87%. Overall, the fund reduced 69 positions while adding 6 new ones.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 913290102 | UNTY | Unity Bancorp, Inc. | $19.4M | 3.84% | 375,469 | Common | SOLE |
| 680277100 | OSBC | Old Second Bancorp, Inc. | $17.7M | 3.49% | 905,190 | Common | SOLE |
| 02475L105 | AMBZ | American Business Bank | $16.9M | 3.34% | 260,773 | Common | SOLE |
| 74274F100 | PBAM | Private Bancorp of America, Inc. | $16.3M | 3.23% | 283,759 | Common | SOLE |
| 05368J103 | AVBH | Avidbank Holdings, Inc. | $15.8M | 3.14% | 596,430 | Common | SOLE |
| 84252A106 | BCAL | California BanCorp. | $14.3M | 2.83% | 766,155 | Common | SOLE |
| 952170108 | — | West Coast Community Bancorp | $12.0M | 2.38% | 273,451 | Common | SOLE |
| 74167B109 | FRST | Primis Financial Corporation | $11.0M | 2.17% | 788,761 | Common | SOLE |
| 88224Q107 | TCBI | Texas Capital Bancshares, Inc. | $10.8M | 2.15% | 119,762 | Common | SOLE |
| 31931U102 | FRBA | First Bank | $10.8M | 2.15% | 658,439 | Common | SOLE |
| 05990K106 | BANC | Banc of California, Inc. | $10.0M | 1.98% | 519,738 | Common | SOLE |
| 591774104 | MCB | Metropolitan Bank Holding Corp. | $9.8M | 1.95% | 128,821 | Common | SOLE |
| 020810107 | ALPIB | Alpine Banks of Colorado | $9.4M | 1.87% | 237,315 | Common | SOLE |
| 33751L105 | MYFW | First Western Financial, Inc. | $9.3M | 1.84% | 346,090 | Common | SOLE |
| 319390100 | FBIZ | First Business Financial Services, Inc. | $9.0M | 1.79% | 166,224 | Common | SOLE |
| 842873101 | SFST | Southern First Bancshares, Inc. | $8.8M | 1.75% | 171,655 | Common | SOLE |
| 095825105 | BRBS | Blue Ridge Bankshares, Inc. | $8.7M | 1.71% | 2,029,033 | Common | SOLE |
| 56064Y100 | MNSB | MainStreet Bancshares, Inc. | $8.6M | 1.70% | 421,981 | Common | SOLE |
| 31788B108 | FNBT | FineMark Holdings, Inc. | $8.4M | 1.65% | 219,426 | Common | SOLE |
| 58844R108 | MBIN | Merchants Bancorp | $8.3M | 1.65% | 244,462 | Common | SOLE |
| 704699107 | PGC | Peapack-Gladstone Financial Corporation | $8.3M | 1.64% | 297,747 | Common | SOLE |
| 46134L105 | ISTR | Investar Holding Corporation | $8.2M | 1.62% | 306,896 | Common | SOLE |
| 624004107 | MCBI | Mountain Commerce Bancorp | $8.0M | 1.59% | 351,330 | Common | SOLE |
| 19623P101 | CBAN | Colony Bankcorp Inc. | $7.6M | 1.51% | 427,478 | Common | SOLE |
| 30257X104 | FBK | FB Financial Corp. | $7.4M | 1.47% | 133,496 | Common | SOLE |
| 83190L208 | SMBK | SmartFinancial, Inc. | $7.4M | 1.47% | 200,587 | Common | SOLE |
| 89679E300 | TFIN | Triumph Bancorp, Inc. | $7.3M | 1.45% | 117,136 | Common | SOLE |
| 59540G107 | MPB | Mid Penn Bank | $6.5M | 1.28% | 207,982 | Common | SOLE |
| 33767U107 | FSUN | FirstSun Capital Bancorp | $6.3M | 1.26% | 168,489 | Common | SOLE |
| 587376104 | MBWM | Mercantile Bank Corporation | $6.3M | 1.25% | 130,841 | Common | SOLE |
| 190435107 | CCNB | Coastal Carolina Bancshares, Inc. | $6.1M | 1.20% | 466,771 | Common | SOLE |
| 88422P109 | TCBX | Third Coast Bancshares | $6.0M | 1.19% | 157,506 | Common | SOLE |
| 20786W107 | CNOB | ConnectOne Bancorp, Inc. | $6.0M | 1.18% | 227,795 | Common | SOLE |
| 126128107 | CCNE | CNB Financial Corporation | $5.7M | 1.12% | 217,175 | Common | SOLE |
| 58958P104 | MRBK | Meridian Bank | $5.6M | 1.12% | 320,919 | Common | SOLE |
| 68417L107 | OBT | Orange County Bancorp, Inc. | $5.6M | 1.12% | 197,536 | Common | SOLE |
| 911460103 | UBFO | United Security Bankshares | $5.4M | 1.07% | 536,316 | Common | SOLE |
| 74179A107 | BPRN | Princeton Bancorp, Inc. | $5.3M | 1.06% | 153,926 | Common | SOLE |
| 06652N107 | BSVN | Bank7 Corp | $5.3M | 1.04% | 128,519 | Common | SOLE |
| 864001102 | STBK | Studio Bank | $5.1M | 1.00% | 425,956 | Common | SOLE |
| 12326C105 | BFST | Business First Bancshares, Inc. | $5.0M | 0.99% | 190,549 | Common | SOLE |
| 01446U103 | ALRS | Alerus Financial Corporation | $4.8M | 0.96% | 214,967 | Common | SOLE |
| 76803X106 | RCBC | River City Bank | $4.4M | 0.88% | 100,770 | Common | SOLE |
| 06654A103 | BWFG | Bankwell Financial Group, Inc. | $4.4M | 0.87% | 96,423 | Common | SOLE |
| 96445A108 | WRIV | White River Bancshares Company | $4.4M | 0.87% | 89,000 | Common | SOLE |
| 174903104 | CZWI | Citizens Community Bancorp, Inc. | $4.4M | 0.87% | 246,286 | Common | SOLE |
| 74164R107 | — | Prime Meridian Holding Company | $4.3M | 0.86% | 76,418 | Common | SOLE |
| 33615Q100 | FSRL | First Reliance Bancshares, Inc. | $4.3M | 0.85% | 350,913 | Common | SOLE |
| 31941G101 | FCPB | First Capital Bancshares, Inc. | $4.2M | 0.83% | 360,816 | Common | SOLE |
| 686040205 | ORPB | Oregon Pacific Bancorp | $4.1M | 0.81% | 361,932 | Common | SOLE |
| 335925103 | FNRN | First Northern Community Bancorp | $4.0M | 0.80% | 301,697 | Common | SOLE |
| 82620P102 | BSRR | Sierra Bancorp | $4.0M | 0.79% | 121,424 | Common | SOLE |
| 825107105 | SHBI | Shore Bancshares, Inc. | $3.6M | 0.72% | 204,563 | Common | SOLE |
| 83636T104 | SABK | South Atlantic Bancshares, Inc. | $3.5M | 0.70% | 179,496 | Common | SOLE |
| 023576101 | AMTB | Amerant Bancorp Inc. | $3.5M | 0.70% | 180,000 | Common | SOLE |
| 33830T103 | FSBC | Five Star Bancorp | $3.4M | 0.68% | 95,919 | Common | SOLE |
| 86603R100 | SBKO | Summit Bank Group, Inc. | $3.4M | 0.68% | 190,501 | Common | SOLE |
| 320557101 | INBK | First Internet Bancorp | $3.4M | 0.67% | 162,176 | Common | SOLE |
| 53578P105 | LNKB | LinkBancorp | $3.3M | 0.66% | 401,593 | Common | SOLE |
| 095613105 | BLHK | Blueharbor Bank | $3.0M | 0.60% | 96,602 | Common | SOLE |
| 36120Q101 | FVCB | FVCBankcorp Inc. | $3.0M | 0.59% | 214,088 | Common | SOLE |
| 32026V104 | FFWM | First Foundation Inc. | $2.7M | 0.53% | 432,396 | Common | SOLE |
| 26951R104 | EFSI | Eagle Financial Services Inc. | $2.6M | 0.51% | 65,000 | Common | SOLE |
| 20370L103 | — | Community Heritage Financial Inc. | $2.6M | 0.51% | 95,982 | Common | SOLE |
| 02933K103 | ARBV | American Riviera Bancorp | $2.3M | 0.45% | 94,311 | Common | SOLE |
| 866264203 | SSBI | Summit State Bank | $2.2M | 0.44% | 193,227 | Common | SOLE |
| 05970V106 | BCTF | Bancorp 34, Inc. | $2.2M | 0.44% | 162,857 | Common | SOLE |
| 410709109 | HNVR | Hanover Bancorp Inc. | $2.2M | 0.44% | 95,460 | Common | SOLE |
| 20051D107 | — | Commencement Bancorp, Inc. | $2.2M | 0.43% | 130,720 | Common | SOLE |
| 30325F101 | FSBH | FSBH Corp (was First Southern Bank) | $2.2M | 0.43% | 135,250 | Common | SOLE |
| 69360N108 | — | PSB Holdings, Inc. | $2.0M | 0.40% | 77,794 | Common | SOLE |
| 19058X207 | COSO | CoastalSouth Bancshares, Inc. | $2.0M | 0.39% | 85,715 | Common | SOLE |
| 90944R100 | UBAB | United Bancorporation of Alabama, Inc. | $2.0M | 0.39% | 37,117 | Common | SOLE |
| 25660B103 | DSBX | Dogwood State Bank | $1.9M | 0.37% | 79,721 | Common | SOLE |
| 319383204 | BUSE | First Busey Corporation | $1.8M | 0.36% | 75,577 | Common | SOLE |
| 108621103 | BWB | Bridgewater Bancshares, Inc. | $1.8M | 0.35% | 101,479 | Common | SOLE |
| 90355N101 | USCB | USCB Financial Holdings Inc. | $1.8M | 0.35% | 95,580 | Common | SOLE |
| 29260B109 | EDVR | Endeavor Bancorp | $1.7M | 0.34% | 101,072 | Common | SOLE |
| 72345E102 | PPBN | Pinnacle Bankshares Corporation | $1.7M | 0.34% | 37,464 | Common | SOLE |
| 05969A105 | TBBK | The Bancorp, Inc. | $1.6M | 0.32% | 23,592 | Common | SOLE |
| 32106V107 | FXNC | First National Corporation | $1.5M | 0.30% | 60,492 | Common | SOLE |
| 75970E107 | RNST | Renasant Corporation | $1.5M | 0.29% | 41,875 | Common | SOLE |
| 426927109 | XHC | Heritage Commerce Corp | $1.5M | 0.29% | 121,539 | Common | SOLE |
| 60520E104 | — | Mission Valley Bancorp | $1.4M | 0.27% | 78,507 | Common | SOLE |
| 386441109 | GNRV | Grand River Commerce, Inc. | $1.4M | 0.27% | 357,400 | Common | SOLE |
| 30137P106 | — | F&M Bank Corp | $1.4M | 0.27% | 47,100 | Common | SOLE |
| 319835104 | FCCO | First Community Corporation | $1.2M | 0.24% | 41,317 | Common | SOLE |
| 124411109 | BY | Byline Bancorp, Inc. | $1.1M | 0.23% | 39,157 | Common | SOLE |
| 844647107 | SOUB | SouthPoint Bancshares, Inc. | $1.1M | 0.22% | 78,438 | Common | SOLE |
| 69506J102 | PWBK | Pacific West Bancorp | $1.1M | 0.22% | 92,857 | Common | SOLE |
| 553810102 | MVBF | MVB Financial Corp. | $905,187 | 0.18% | 35,044 | Common | SOLE |
| 72346K107 | PBNK | Pinnacle Bank | $861,346 | 0.17% | 44,514 | Common | SOLE |
| 835126103 | SOME | Somerset Trust Holding Company | $789,847 | 0.16% | 11,787 | Common | SOLE |
| 063907208 | BORT | Bank of Botetourt | $726,176 | 0.14% | 16,504 | Common | SOLE |
| 07279B104 | BAFN | BayFirst Financial Corp. | $719,680 | 0.14% | 91,679 | Common | SOLE |
| 139737100 | CBNK | Capital Bancorp, Inc. | $602,838 | 0.12% | 21,400 | Common | SOLE |
| 404111106 | HBT | HBT Financial, Inc. | $475,718 | 0.09% | 18,403 | Common | SOLE |
| 737643106 | PTBS | Potomac Bancshares, Inc. | $54,676 | 0.01% | 2,896 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.