Revealing PL Capital Advisors, LLC's Q4 2022 vs. Q1 2023 13F Holdings Comparison: Winners and Losers in the Financial Sector

PL Capital Advisors, LLC, a well-known activist investment firm for community banks and thrifts, has recently revealed its 13F Holdings Comparison for Q4 2022 vs. Q1 2023. In simpler terms, the report showcases the changes in holdings of a representative group of the firm's community bank investments. While it may seem like any other standard financial report, what makes this one significant is the valuable insights it provides on the community banking sector.

Community banks are essential pillars of the American economy, catering to small businesses and local entities. Like most financial sectors, community banking has its ups and downs. The 13F Holdings Comparison offers a bird's eye view of some of the significant winners and losers for Q4 2022 vs. Q1 2023. In this article, we will explore those winners and losers.

The Winners

1. NEW YORK CMNTY BANCORP (NYCB)

NYCB, with a 56% increase in value, stands out as one of the biggest winners in Q4 2022 vs. Q1 2023. This New York-based bank offers a comprehensive range of banking and financial services to individuals, families, and businesses. With over 225 branches nationwide, NYCB's strong asset base of $57.5 billion makes it the 21st largest bank holding company in the USA.

2. FIFTH THIRD BANCORP (FITB)

FITB, with a 62.3% increase in value, follows closely on the heels of NYCB. This Ohio-based bank holds a significant market presence and caters to customers in personal, small business, and at the corporate level. With $207 billion in assets under management, FITB expanded its footprint in 2021 via its merger with MB Financial, a Chicago based bank holding company.

3. INVESCO MORTGAGE CAPITAL (IVR)

IVR, with a 147.9% increase in value, is one of the most significant gainers for Q4 2022 vs. Q1 2023. IVR is a real estate investment trust focusing on investing in, financing, and managing mortgage-backed securities and mortgage loans. With a strong portfolio of commercial and residential mortgage investments, IVR shows significant potential for future growth and return on investments.

The Losers

1. CITIZENS FINL GROUP (CFG)

CFG, with a 59.1% decrease in value, is one of the most significant losers for Q4 2022 vs. Q1 2023. CFG offers a vast range of retail and commercial banking, insurance, and wealth management services across 11 states and over 1100 branches. However, the decreased value of CFG's shares raises questions about its future performance and investor confidence.

2. HORIZON BANCORP (HBNC)

HBNC, with a 31.4% decrease in value, is another significant loser for Q4 2022 vs. Q1 2023. HBNC is a bank holding company operating through its subsidiary, Horizon Bank. Serving northern and central Indiana and southwest Michigan regions, HBNC provides a range of commercial, retail, and mortgage banking services. However, the widespread pandemic and declining asset values have impacted the bank's prospects and raised concerns about its future growth.

3. INDEPENDENT BK MICH (IBCP)

IBCP, with a 25.7% decrease in value, completes our trio of significant losers. IBCP operates as the bank holding company for Independent Bank, catering to small businesses, commercial entities, and individuals in Michigan. However, this regional bank's stunted growth during Q4 2022 and Q1 2023 brings up questions concerning its future prospects.

Conclusion

The PL Capital Advisors, LLC's Q4 2022 vs. Q1 2023 13F Holdings Comparison provides significant insights into the community banking sector, highlighting the significant winners and losers during this period. The report's review offers useful information for investors seeking to identify potential investments and risks in this vital industry. However, it's always crucial to conduct in-depth research before investing in any financial institution to ensure that your investment strategy aligns with your financial goals and risk appetite.