ENDEAVOUR CAPITAL ADVISORS INC

GREENWICH, CT · CIK 1218749 · 13F filing filed 2026-08-07

SEC-registered investment adviser since 2012 · corporation

Assets managed$602.7m
Staff8 · 4 in investment roles
Main clients (by assets)Private funds 100%
Private funds3 (2 hedge) · $602.7m gross assets
Websiteendcap.com
Form ADV · 2026-03-30SEC adviser record

Legal entityENDEAVOUR CAPITAL ADVISORS INC. (US)

$487.3m reported value +10.5% vs Q1 2026

35positions

60.7%in top 10

2 new 11 added 17 reduced 4 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SOUTHERN FIRST BANCSHARES COM SFST	SFST	662,860	$40.5m8.31%	8.31%	Added +55.5k	+55,455 9.1%
2	QCR HOLDINGS INC COM QCRH	QCRH	390,758	$38.0m7.81%	7.81%	Reduced -18.9k	-18,948 -4.6%
3	CALIFORNIA BANCORP COM BCAL	BCAL	1,655,639	$34.5m7.08%	7.08%	Reduced -163.5k	-163,486 -9.0%
4	COASTAL FINL CORP WA COM NEW CCB	CCB	429,702	$33.3m6.84%	6.84%	Added +156.1k	+156,100 57.0%
5	BURKE HERBERT FINL SVCS CORP COM BHRB	BHRB	459,176	$33.0m6.77%	6.77%	Added +154.0k	+153,987 50.5%
6	OCEANFIRST FINL CORP COM OCFC	OCFC	1,347,421	$26.3m5.40%	5.40%	Added +219.1k	+219,069 19.4%
7	NATIONAL BK HLDGS CORP CL A NBHC	NBHC	556,478	$24.7m5.07%	5.07%	Reduced -19.2k	-19,198 -3.3%
8	VALLEY NATL BANCORP COM VLY	VLY	1,524,356	$22.3m4.58%	4.58%	Reduced -140.6k	-140,628 -8.4%
9	AVIDBANK HLDGS INC COM AVBH	AVBH	658,705	$21.8m4.46%	4.46%	Reduced -49.8k	-49,786 -7.0%
10	USCB FINANCIAL HOLDINGS INC CLASS A COM USCB	USCB	1,052,333	$21.5m4.42%	4.42%	Added +27.6k	+27,595 2.7%
11	OLD NATL BANCORP IND COM ONB	ONB	758,834	$19.7m4.03%	4.03%	Reduced -240.7k	-240,650 -24.1%
12	ENTERPRISE FINL SVCS CORP COM EFSC	EFSC	282,702	$18.6m3.82%	3.82%	Added +206	+206 0.1%
13	ORIGIN BANCORP INC COM OBK	OBK	291,493	$14.9m3.06%	3.06%	Reduced -11.5k	-11,497 -3.8%
14	CIVISTA BANCSHARES INC COM NO PAR CIVB	CIVB	516,376	$14.6m2.99%	2.99%	Reduced -104.5k	-104,499 -16.8%
15	HUNTINGTON BANCSHARES INC COM HBAN	HBAN	791,923	$14.0m2.88%	2.88%	Reduced -80.4k	-80,397 -9.2%
16	VIRGINIA NATL BANKSHARES COR COM VABK	VABK	298,750	$13.3m2.72%	2.72%	Unchanged
17	ALERUS FINL CORP COM ALRS	ALRS	339,518	$10.6m2.17%	2.17%	Reduced -222.7k	-222,711 -39.6%
18	TOWNEBANK PORTSMOUTH VA COM TOWN	TOWN	273,028	$9.9m2.03%	2.03%	Added +187.3k	+187,322 218.6%
19	BYLINE BANCORP INC COM BY	BY	238,671	$9.0m1.84%	1.84%	Added +58.0k	+58,029 32.1%
20	FIGURE TECHNOLOGY SOLUTIO COM CL A FIGR	FIGR	248,388	$7.6m1.57%	1.57%	Reduced -122.5k	-122,545 -33.0%
21	FIRST MID ILL BANCSHARES INC COM FMBH	FMBH	157,934	$7.6m1.56%	1.56%	Reduced -27.5k	-27,544 -14.8%
22	FB FINL CORP COM FBK	FBK	121,731	$6.7m1.38%	1.38%	Added +114.7k	+114,715 1635.0%
23	FIRST CAROLINA FINL SVCS INC COMMON STOCK FCBM	FCBM	480,000	$6.4m1.30%	1.30%	New
24	CONNECTONE BANCORP INC COM CNOB	CNOB	173,400	$5.8m1.19%	1.19%	Reduced -27.2k	-27,201 -13.6%
25	MVB FINL CORP COM MVBF	MVBF	182,719	$5.3m1.09%	1.09%	Reduced -5.2k	-5,200 -2.8%
26	FVCBANKCORP INC COM FVCB	FVCB	277,658	$4.9m1.00%	1.00%	Reduced -961.5k	-961,475 -77.6%
27	HOME BANCSHARES INC COM HOMB	HOMB	133,647	$3.8m0.78%	0.78%	New
28	FINWARD BANCORP COM FNWD	FNWD	99,543	$3.7m0.75%	0.75%	Unchanged
29	CHAIN BRIDGE BANCORP INC CL A CBNA	CBNA	83,256	$3.5m0.72%	0.72%	Unchanged
30	EQUITY BANCSHARES INC COM CL A EQBK	EQBK	66,518	$3.3m0.67%	0.67%	Added +1.1k	+1,050 1.6%
31	BANC OF CALIFORNIA INC COM BANC	BANC	145,478	$3.0m0.61%	0.61%	Reduced -222.1k	-222,060 -60.4%
32	SOUTHSTATE BK CORP COM SSB	SSB	17,658	$1.8m0.36%	0.36%	Added +10.2k	+10,157 135.4%
33	EASTERN BANKSHARES INC COM EBC	EBC	63,315	$1.4m0.29%	0.29%	Reduced -225.6k	-225,578 -78.1%
34	FLAGSTAR FINANCIAL INC COM NEW FLG	FLG	80,531	$1.2m0.25%	0.25%	Unchanged
35	CB FINL SVCS INC COM CBFV	CBFV	24,166	$915.9k0.19%	0.19%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
COASTALSOUTH BANCSHARES INC COSO	COSO	241,595	$5.9m241.6k shares
UNIVEST FINANCIAL CORPORATIO UVSP	UVSP	138,587	$4.7m138.6k shares
NBT BANCORP INC NBTB	NBTB	62,711	$2.7m62.7k shares
EAST WEST BANCORP INC EWBC	EWBC	2,972	$317.3k3.0k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
SOUTHERN FIRST BANCSHARES SFST · 13G · filed 2026-08-14	SFST	7.0%≈ $40.5m	-0.1 pts	13G	2026-08-14
AVIDBANK HLDGS INC AVBH · 13G · filed 2025-11-12	AVBH	6.4%≈ $23.1m	new	13G	2025-11-12
USCB FINANCIAL HOLDINGS INC USCB · 13G · filed 2026-02-13	USCB	5.8%≈ $21.6m		13G	2026-02-13
VIRGINIA NATL BANKSHARES COR VABK · 13G · filed 2026-05-15	VABK	5.5%≈ $13.3m	new	13G	2026-05-15
CALIFORNIA BANCORP BCAL · 13G · filed 2026-02-13	BCAL	5.4%≈ $36.8m		13G	2026-02-13