ENDEAVOUR CAPITAL ADVISORS INC

Portfolio Overview

ENDEAVOUR CAPITAL ADVISORS INC disclosed 35 positions worth $487.3M in its Form 13F-HR for Q2 2026, led by $SFST (SOUTHERN FIRST BANCSHARES INC) at 8.3% of the equity portfolio, followed by $QCRH and $BCAL. During the quarter the fund opened 2 new positions and exited 4 — including a new stake in $FCBM and a full exit from $COSO. The portfolio is most concentrated in Financials (98.0% of disclosed assets). All figures are sourced directly from ENDEAVOUR CAPITAL ADVISORS INC’s Form 13F-HR filing with the SEC under CIK 1218749.

• 

  SOUTHERN FIRST BANCSHARES INC

  $SFST

  62.7#693

  Quality

  $40.5M662,860 sh
• 

  QCR HOLDINGS INC

  $QCRH

  45.0#1,886

  Quality

  $38.0M390,758 sh
• 

  California BanCorp \ CA

  $BCAL

  66.8#403

  Quality

  $34.5M1,655,639 sh
• 

  COASTAL FINANCIAL CORP

  $CCB

  40.3

  Quality

  $33.3M429,702 sh
• 

  Burke & Herbert Financial Services Corp.

  $BHRB

  62.3

  Quality

  $33.0M459,176 sh
• 

  OCEANFIRST FINANCIAL CORP

  $OCFC

  39.4

  Quality

  $26.3M1,347,421 sh
• 

  National Bank Holdings Corp

  $NBHC

  43.8

  Quality

  $24.7M556,478 sh
• 

  VALLEY NATIONAL BANCORP

  $VLY

  64.6

  Quality

  $22.3M1,524,356 sh
• 

  Avidbank Holdings, Inc.

  $AVBH

  39.8

  Quality

  $21.8M658,705 sh
• 

  USCB FINANCIAL HOLDINGS, INC.

  $USCB

  57.8

  Quality

  $21.5M1,052,333 sh

Company	Quality	Value	Shares
SOUTHERN FIRST BANCSHARES INC$SFST	62.7#693	$40.5M	662,860
QCR HOLDINGS INC$QCRH	45.0#1,886	$38.0M	390,758
California BanCorp \ CA$BCAL	66.8#403	$34.5M	1,655,639
COASTAL FINANCIAL CORP$CCB	40.3	$33.3M	429,702
Burke & Herbert Financial Services Corp.$BHRB	62.3	$33.0M	459,176
OCEANFIRST FINANCIAL CORP$OCFC	39.4	$26.3M	1,347,421
National Bank Holdings Corp$NBHC	43.8	$24.7M	556,478
VALLEY NATIONAL BANCORP$VLY	64.6	$22.3M	1,524,356
Avidbank Holdings, Inc.$AVBH	39.8	$21.8M	658,705
USCB FINANCIAL HOLDINGS, INC.$USCB	57.8	$21.5M	1,052,333

Showing top 10 of 35 holdings.

Full Holdings — ENDEAVOUR CAPITAL ADVISORS INC (Q2 2026)

All 35 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$SFST	SOUTHERN FIRST BANCSHARES INC	$40.5M	8.3%	+9%	62.7
2	$QCRH	QCR HOLDINGS INC	$38.0M	7.8%	-5%	45
3	$BCAL	California BanCorp \ CA	$34.5M	7.1%	-9%	66.8
4	$CCB	COASTAL FINANCIAL CORP	$33.3M	6.8%	+57%	40.3
5	$BHRB	Burke & Herbert Financial Services Corp.	$33.0M	6.8%	+50%	62.3
6	$OCFC	OCEANFIRST FINANCIAL CORP	$26.3M	5.4%	+19%	39.4
7	$NBHC	National Bank Holdings Corp	$24.7M	5.1%	-3%	43.8
8	$VLY	VALLEY NATIONAL BANCORP	$22.3M	4.6%	-8%	64.6
9	$AVBH	Avidbank Holdings, Inc.	$21.8M	4.5%	-7%	39.8
10	$USCB	USCB FINANCIAL HOLDINGS, INC.	$21.5M	4.4%	+3%	57.8
11	$ONB	OLD NATIONAL BANCORP /IN/	$19.7M	4.0%	-24%	66.8
12	$EFSC	ENTERPRISE FINANCIAL SERVICES CORP	$18.6M	3.8%	+0%	56.4
13	$OBK	Origin Bancorp, Inc.	$14.9M	3.1%	-4%	52.4
14	$CIVB	CIVISTA BANCSHARES, INC.	$14.6M	3.0%	-17%	54.3
15	$HBAN	HUNTINGTON BANCSHARES INC /MD/	$14.0M	2.9%	-9%	65
16	$VABK	Virginia National Bankshares Corp	$13.3M	2.7%	+0%	55.1
17	$ALRS	ALERUS FINANCIAL CORP	$10.6M	2.2%	-40%	47.3
18	—	TOWNEBANK PORTSMOUTH VA - COM	$9.9M	2.0%	+219%	—
19	$BY	BYLINE BANCORP, INC.	$9.0M	1.8%	+32%	55.7
20	$FIGR	Figure Technology Solutions, Inc.	$7.6M	1.6%	-33%	77.1
21	$FMBH	FIRST MID BANCSHARES, INC.	$7.6M	1.6%	-15%	58.5
22	$FBK	FB Financial Corp	$6.7M	1.4%	+1635%	67
23	$FCBM	First Carolina Financial Services, Inc.	$6.4M	1.3%	NEW	—
24	$CNOB	ConnectOne Bancorp, Inc.	$5.8M	1.2%	-14%	65.6
25	$MVBF	MVB FINANCIAL CORP	$5.3M	1.1%	-3%	55.2
26	$FVCB	FVCBankcorp, Inc.	$4.9M	1.0%	-78%	54.8
27	$HOMB	HOME BANCSHARES INC	$3.8M	0.8%	NEW	61.6
28	$FNWD	Finward Bancorp	$3.7M	0.8%	+0%	34.4
29	$CBNA	CHAIN BRIDGE BANCORP INC	$3.5M	0.7%	+0%	56.1
30	$EQBK	EQUITY BANCSHARES INC	$3.3M	0.7%	+2%	46.4
31	$BANC	BANC OF CALIFORNIA, INC.	$3.0M	0.6%	-60%	35.3
32	$SSB	SouthState Bank Corp	$1.8M	0.4%	+135%	77
33	$EBC	Eastern Bankshares, Inc.	$1.4M	0.3%	-78%	69.5
34	$FLG	FLAGSTAR BANK, NATIONAL ASSOCIATION	$1.2M	0.3%	+0%	37.6
35	$CBFV	CB Financial Services, Inc.	$915,893	0.2%	+0%	29.9