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Portfolio (Quarterly) Guide ↗

BANC FUNDS CO LLC

· CIK 0001029311
13F Portfolio $505M AUM 98 positions Filed Feb 12, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 6 Added 56 Reduced 13 Exited
Page 2 of 3  ·  56 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 ISTR Investar Holding Corporation Financial Services 306,896.0 $8.2M 1.62% -64K -17.3% $26.72 +6.9%
22 Mountain Commerce Bancorp 351,330.0 $8.0M 1.59% -6K -1.6% $22.85
23 CBAN Colony Bankcorp Inc. Financial Services 427,478.0 $7.6M 1.51% -113K -20.9% $17.82 +11.1%
24 FBK FB Financial Corp. Financial Services 133,496.0 $7.4M 1.47% -45K -25.2% $55.80 -5.6%
25 TFIN Triumph Bancorp, Inc. Financial Services 117,136.0 $7.3M 1.45% -23K -16.2% $62.63 +6.6%
26 MBWM Mercantile Bank Corporation Financial Services 130,841.0 $6.3M 1.25% -29K -18.4% $48.10 +8.5%
27 TCBX Third Coast Bancshares Financial Services 157,506.0 $6.0M 1.19% -22K -12.2% $38.01 +0.2%
28 CNOB ConnectOne Bancorp, Inc. Financial Services 227,795.0 $6.0M 1.18% -13K -5.5% $26.22 +13.5%
29 CCNE CNB Financial Corporation Financial Services 217,175.0 $5.7M 1.12% -55K -20.1% $26.17 +17.1%
30 MRBK Meridian Bank Financial Services 320,919.0 $5.6M 1.12% -132K -29.1% $17.58 +0.0%
31 OBT Orange County Bancorp, Inc. Financial Services 197,536.0 $5.6M 1.12% -50K -20.3% $28.55 +19.3%
32 BFST Business First Bancshares, Inc. Financial Services 190,549.0 $5.0M 0.99% -79K -29.2% $26.14 +6.5%
33 ALRS Alerus Financial Corporation Financial Services 214,967.0 $4.8M 0.96% -67K -23.9% $22.52 +24.6%
34 BWFG Bankwell Financial Group, Inc. Financial Services 96,423.0 $4.4M 0.88% -12K -11.1% $45.82 +13.7%
35 Oregon Pacific Bancorp 361,932.0 $4.1M 0.81% -22K -5.8% $11.30
36 First Northern Community Bancorp 301,697.0 $4.0M 0.80% -122K -28.7% $13.36
37 SHBI Shore Bancshares, Inc. Financial Services 204,563.0 $3.6M 0.72% -35K -14.7% $17.68 +14.4%
38 INBK First Internet Bancorp Financial Services 162,176.0 $3.4M 0.67% -114K -41.3% $20.87 +13.4%
39 LNKB LinkBancorp Financial Services 401,593.0 $3.3M 0.66% -136K -25.3% $8.26 +5.2%
40 First Foundation Inc. 432,396.0 $2.7M 0.53% -210K -32.7% $6.16
Page 2 of 3  ·  56 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 100.0%