13F HOLDINGS REPORT
BANC FUNDS CO LLC
Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001029311-26-000002
Total Value
$505.2M
Positions
98
Other Managers
0
Confidential Omitted
No
Holdings (98)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Unity Bancorp, Inc. | UNTY | 375,469 | $19.4M | 3.84% |
| 2 | Old Second Bancorp, Inc. | OSBC | 905,190 | $17.7M | 3.49% |
| 3 | American Business Bank | 02475L105 | 260,773 | $16.9M | 3.34% |
| 4 | Private Bancorp of America, Inc. | 74274F100 | 283,759 | $16.3M | 3.23% |
| 5 | Avidbank Holdings, Inc. | AVBH | 596,430 | $15.8M | 3.14% |
| 6 | California BanCorp. | BCAL | 766,155 | $14.3M | 2.83% |
| 7 | West Coast Community Bancorp | 952170108 | 273,451 | $12.0M | 2.38% |
| 8 | Primis Financial Corporation | FRST | 788,761 | $11.0M | 2.17% |
| 9 | Texas Capital Bancshares, Inc. | 88224Q107 | 119,762 | $10.8M | 2.15% |
| 10 | First Bank | 31931U102 | 658,439 | $10.8M | 2.15% |
| 11 | Banc of California, Inc. | BANC-PF | 519,738 | $10.0M | 1.98% |
| 12 | Metropolitan Bank Holding Corp. | 591774104 | 128,821 | $9.8M | 1.95% |
| 13 | Alpine Banks of Colorado | ALPIB | 237,315 | $9.4M | 1.87% |
| 14 | First Western Financial, Inc. | 33751L105 | 346,090 | $9.3M | 1.84% |
| 15 | First Business Financial Services, Inc. | 319390100 | 166,224 | $9.0M | 1.79% |
| 16 | Southern First Bancshares, Inc. | SFST | 171,655 | $8.8M | 1.75% |
| 17 | Blue Ridge Bankshares, Inc. | BRBS | 2,029,033 | $8.7M | 1.71% |
| 18 | MainStreet Bancshares, Inc. | MNSBP | 421,981 | $8.6M | 1.70% |
| 19 | FineMark Holdings, Inc. | 31788B108 | 219,426 | $8.4M | 1.65% |
| 20 | Merchants Bancorp | MBINN | 244,462 | $8.3M | 1.65% |
| 21 | Peapack-Gladstone Financial Corporation | 704699107 | 297,747 | $8.3M | 1.64% |
| 22 | Investar Holding Corporation | ISTR | 306,896 | $8.2M | 1.62% |
| 23 | Mountain Commerce Bancorp | 624004107 | 351,330 | $8.0M | 1.59% |
| 24 | Colony Bankcorp Inc. | CBAN | 427,478 | $7.6M | 1.51% |
| 25 | FB Financial Corp. | 30257X104 | 133,496 | $7.4M | 1.47% |
| 26 | SmartFinancial, Inc. | SMBK | 200,587 | $7.4M | 1.47% |
| 27 | Triumph Bancorp, Inc. | TFIN-P | 117,136 | $7.3M | 1.45% |
| 28 | Mid Penn Bank | MPB | 207,982 | $6.5M | 1.28% |
| 29 | FirstSun Capital Bancorp | 33767U107 | 168,489 | $6.3M | 1.26% |
| 30 | Mercantile Bank Corporation | 587376104 | 130,841 | $6.3M | 1.25% |
| 31 | Coastal Carolina Bancshares, Inc. | CCNB | 466,771 | $6.1M | 1.20% |
| 32 | Third Coast Bancshares | TCBX | 157,506 | $6.0M | 1.19% |
| 33 | ConnectOne Bancorp, Inc. | CNOBP | 227,795 | $6.0M | 1.18% |
| 34 | CNB Financial Corporation | 126128107 | 217,175 | $5.7M | 1.12% |
| 35 | Meridian Bank | MRDN | 320,919 | $5.6M | 1.12% |
| 36 | Orange County Bancorp, Inc. | ORANY | 197,536 | $5.6M | 1.12% |
| 37 | United Security Bankshares | UNTCW | 536,316 | $5.4M | 1.07% |
| 38 | Princeton Bancorp, Inc. | BPRN | 153,926 | $5.3M | 1.06% |
| 39 | Bank7 Corp | BSVN | 128,519 | $5.3M | 1.04% |
| 40 | Studio Bank | 864001102 | 425,956 | $5.1M | 1.00% |
| 41 | Business First Bancshares, Inc. | BFST | 190,549 | $5.0M | 0.99% |
| 42 | Alerus Financial Corporation | 01446U103 | 214,967 | $4.8M | 0.96% |
| 43 | River City Bank | 76803X106 | 100,770 | $4.4M | 0.88% |
| 44 | Bankwell Financial Group, Inc. | 06654A103 | 96,423 | $4.4M | 0.87% |
| 45 | White River Bancshares Company | WRIV | 89,000 | $4.4M | 0.87% |
| 46 | Citizens Community Bancorp, Inc. | CIA | 246,286 | $4.4M | 0.87% |
| 47 | Prime Meridian Holding Company | 74164R107 | 76,418 | $4.3M | 0.86% |
| 48 | First Reliance Bancshares, Inc. | 33615Q100 | 350,913 | $4.3M | 0.85% |
| 49 | First Capital Bancshares, Inc. | FCAP | 360,816 | $4.2M | 0.83% |
| 50 | Oregon Pacific Bancorp | 686040205 | 361,932 | $4.1M | 0.81% |
| 51 | First Northern Community Bancorp | FNRN | 301,697 | $4.0M | 0.80% |
| 52 | Sierra Bancorp | BSRR | 121,424 | $4.0M | 0.79% |
| 53 | Shore Bancshares, Inc. | SHBI | 204,563 | $3.6M | 0.72% |
| 54 | South Atlantic Bancshares, Inc. | 83636T104 | 179,496 | $3.5M | 0.70% |
| 55 | Amerant Bancorp Inc. | AMTB | 180,000 | $3.5M | 0.70% |
| 56 | Five Star Bancorp | FSBC | 95,919 | $3.4M | 0.68% |
| 57 | Summit Bank Group, Inc. | 86603R100 | 190,501 | $3.4M | 0.68% |
| 58 | First Internet Bancorp | INBKZ | 162,176 | $3.4M | 0.67% |
| 59 | LinkBancorp | LNKB | 401,593 | $3.3M | 0.66% |
| 60 | Blueharbor Bank | 095613105 | 96,602 | $3.0M | 0.60% |
| 61 | FVCBankcorp Inc. | FVCB | 214,088 | $3.0M | 0.59% |
| 62 | First Foundation Inc. | 32026V104 | 432,396 | $2.7M | 0.53% |
| 63 | Eagle Financial Services Inc. | 26951R104 | 65,000 | $2.6M | 0.51% |
| 64 | Community Heritage Financial Inc. | 20370L103 | 95,982 | $2.6M | 0.51% |
| 65 | American Riviera Bancorp | 02933K103 | 94,311 | $2.3M | 0.45% |
| 66 | Summit State Bank | 866264203 | 193,227 | $2.2M | 0.44% |
| 67 | Bancorp 34, Inc. | BCTF | 162,857 | $2.2M | 0.44% |
| 68 | Hanover Bancorp Inc. | HNVR | 95,460 | $2.2M | 0.44% |
| 69 | Commencement Bancorp, Inc. | 20051D107 | 130,720 | $2.2M | 0.43% |
| 70 | FSBH Corp (was First Southern Bank) | 30325F101 | 135,250 | $2.2M | 0.43% |
| 71 | PSB Holdings, Inc. | 69360N108 | 77,794 | $2.0M | 0.40% |
| 72 | CoastalSouth Bancshares, Inc. | COSO | 85,715 | $2.0M | 0.39% |
| 73 | United Bancorporation of Alabama, Inc. | UNTCW | 37,117 | $2.0M | 0.39% |
| 74 | Dogwood State Bank | 25660B103 | 79,721 | $1.9M | 0.37% |
| 75 | First Busey Corporation | BUSEP | 75,577 | $1.8M | 0.36% |
| 76 | Bridgewater Bancshares, Inc. | BWBBP | 101,479 | $1.8M | 0.35% |
| 77 | USCB Financial Holdings Inc. | USCB | 95,580 | $1.8M | 0.35% |
| 78 | Endeavor Bancorp | EDVR | 101,072 | $1.7M | 0.34% |
| 79 | Pinnacle Bankshares Corporation | 72345E102 | 37,464 | $1.7M | 0.34% |
| 80 | The Bancorp, Inc. | TBBK | 23,592 | $1.6M | 0.32% |
| 81 | First National Corporation | 32106V107 | 60,492 | $1.5M | 0.30% |
| 82 | Renasant Corporation | RNST | 41,875 | $1.5M | 0.29% |
| 83 | Heritage Commerce Corp | HTBK | 121,539 | $1.5M | 0.29% |
| 84 | Mission Valley Bancorp | 60520E104 | 78,507 | $1.4M | 0.27% |
| 85 | Grand River Commerce, Inc. | 386441109 | 357,400 | $1.4M | 0.27% |
| 86 | F&M Bank Corp | FMBM | 47,100 | $1.4M | 0.27% |
| 87 | First Community Corporation | 319835104 | 41,317 | $1.2M | 0.24% |
| 88 | Byline Bancorp, Inc. | BY | 39,157 | $1.1M | 0.23% |
| 89 | SouthPoint Bancshares, Inc. | 844647107 | 78,438 | $1.1M | 0.22% |
| 90 | Pacific West Bancorp | 69506J102 | 92,857 | $1.1M | 0.22% |
| 91 | MVB Financial Corp. | 553810102 | 35,044 | $905,187 | 0.18% |
| 92 | Pinnacle Bank | 72346K107 | 44,514 | $861,346 | 0.17% |
| 93 | Somerset Trust Holding Company | 835126103 | 11,787 | $789,847 | 0.16% |
| 94 | Bank of Botetourt | 063907208 | 16,504 | $726,176 | 0.14% |
| 95 | BayFirst Financial Corp. | BAFN | 91,679 | $719,680 | 0.14% |
| 96 | Capital Bancorp, Inc. | CBNK | 21,400 | $602,838 | 0.12% |
| 97 | HBT Financial, Inc. | 404111106 | 18,403 | $475,718 | 0.09% |
| 98 | Potomac Bancshares, Inc. | 737643106 | 2,896 | $54,676 | 0.01% |