UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
03-31-2025
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
EJF Capital LLC
Address:
2107 Wilson Boulevard
Suite 410
Arlington, VA 22201
Form 13F File Number:
028-11792

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Thomas Davison
Title:
General Counsel
Phone:
571-982-7314


Signature, Place, and Date of Signing:

/s/ Thomas Davison
                         [Signature]
Arlington, VIRGINIA
                 [City, State]
05-15-2025
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
77
Form 13F Information table Value Total:
157686991
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
CADIAN ASSET MANAGEMENT INCCOM10948W1033,236,198125,143SHSOLE125,143 0 0
ALGOMA STL GROUP INCCOM01565810759,62011,000SHSOLE11,000 0 0
AMERANT BANCORP INCCL A0235761012,559,298123,997SHSOLE113,06410,933 0
AMERIS BANCORPCOM03076K108312,0875,421SHSOLE3,0002,421 0
AXOS FINANCIAL INCCOM05465C100645,20010,000SHSOLE5,4894,511 0
BANC OF CALIFORNIA INCCOM05990K1063,125,716220,276SHSOLE193,39026,886 0
BARCLAYS PLCADR06738E2042,890,752188,200SHSOLE188,200 0 0
BERKSHIRE HILLS BANCORP INCCOM0846801074,727,064181,183SHSOLE181,183 0 0
BLUE RIDGE BANKSHARES INC VACOM0958251051,522,257466,950SHSOLE466,950 0 0
BRIDGEWATER BANCSHARES INCCOM1086211032,862,826206,107SHSOLE186,21119,896 0
BROOKLINE BANCORP INC DELCOM11373M107813,64174,646SHSOLE41,13833,508 0
BURKE HERBERT FINL SVCS CORPCOM12135Y1083,611,68864,368SHSOLE59,2275,141 0
CALIFORNIA BANCORPCOM84252A1062,491,371173,857SHSOLE156,87216,985 0
CANNAE HLDGS INCCOM13765N1074,193,702228,789SHSOLE228,789 0 0
CAPITAL ONE FINL CORPCOM14040H1054,134,65823,060SHSOLE20,5462,514 0
CARTER BANKSHARES INCCOM NEW1461031062,245,331138,772SHSOLE121,10817,664 0
CHAIN BRIDGE BANCORP INCCL A15746L1002,060,77586,660SHSOLE86,660 0 0
CITIGROUP INCCOM NEW1729674241,940,44127,334SHSOLE27,334 0 0
COASTAL FINL CORP WACOM NEW19046P2091,195,03913,218SHSOLE7,2565,962 0
COCA COLA CONS INCCOM1910981021,653,7501,225SHSOLE1,225 0 0
COMERICA INCCOM200340107530,7138,986SHSOLE4,9054,081 0
CONNECTONE BANCORP INCCOM20786W107690,52628,405SHSOLE15,78412,621 0
COREBRIDGE FINL INCCOM21871X109953,00430,187SHSOLE30,187 0 0
DESIGNER BRANDS INCCL A250565108354,05097,000SHSOLE97,000 0 0
DIME CMNTY BANCSHARES INCCOM25432X1023,242,583116,305SHSOLE116,305 0 0
EAGLE FINL SVCS INCCOM26951R1045,194,428158,415SHSOLE144,63913,776 0
ENCORE CAP GROUP INCCOM2925541021,550,14245,220SHSOLE45,220 0 0
EQUITABLE HLDGS INCCOM29452E1011,948,16637,400SHSOLE37,400 0 0
EQUITY BANCSHARES INCCOM CL A29460X109788,00020,000SHSOLE20,000 0 0
FIRST BANCSHARES INC MISSCOM3189161033,588,898106,149SHSOLE95,64110,508 0
FIRST BUSEY CORPCOM NEW3193832044,345,229201,168SHSOLE187,28413,884 0
FIRST CTZNS BANCSHARES INC NCL A31946M1034,396,1192,371SHSOLE2,103268 0
FIRST FNDTN INCCOM32026V1041,377,312265,378SHSOLE265,378 0 0
FIRST HORIZON CORPORATIONCOM3205171055,740,125295,578SHSOLE268,65826,920 0
FIRST MERCHANTS CORPCOM320817109468,33611,581SHSOLE6,3945,187 0
FIRSTSUN CAP BANCORPCOM33767U1071,807,50050,000SHSOLE50,000 0 0
FIVE STAR BANCORPCOM33830T1032,518,90290,608SHSOLE84,7515,857 0
FULTON FINL CORP PACOM360271100399,86122,104SHSOLE12,1489,956 0
GENWORTH FINL INCCOM SHS37247D1063,757,700530,000SHSOLE530,000 0 0
HERITAGE COMM CORPCOM4269271092,442,032256,516SHSOLE227,59328,923 0
HILLTOP HOLDINGS INCCOM432748101773,43025,400SHSOLE25,400 0 0
HOMETRUST BANCSHARES INCCOM4378721043,614,792105,449SHSOLE95,8779,572 0
HORIZON BANCORP INCCOM4404071041,750,245116,064SHSOLE108,8257,239 0
LINKBANCORP INCCOM53578P105886,865130,806SHSOLE130,806 0 0
MIDWESTONE FINL GROUP INC NECOM5985111033,411,279115,207SHSOLE108,9996,208 0
NB BANCORP INCCOM63945M1071,264,23169,963SHSOLE49,77520,188 0
NORTHPOINTE BANCSHARES INC.COM SHS66661N8863,738,993258,933SHSOLE258,933 0 0
NORWOOD FINANCIAL CORPCOM6695491071,278,03752,877SHSOLE52,877 0 0
OLD NATL BANCORP INDCOM6800331073,572,464168,592SHSOLE168,592 0 0
OLD SECOND BANCORP INC ILLCOM6802771002,040,114122,603SHSOLE106,32516,278 0
ONESPAN INCCOM68287N1001,982,515130,001SHSOLE130,001 0 0
OPPENHEIMER HLDGS INCCL A NON VTG6837971042,385,20040,000SHSOLE40,000 0 0
PACIFIC PREMIER BANCORPCOM69478X1052,222,845104,261SHSOLE99,4954,766 0
PAMT CORPCOM693149106303,50025,000SHSOLE25,000 0 0
PINNACLE FINL PARTNERS INCCOM72346Q104531,3665,011SHSOLE2,7462,265 0
POPULAR INCCOM NEW733174700855,1619,258SHSOLE5,1194,139 0
PROVIDENT FINL SVCS INCCOM74386T1053,800,322221,335SHSOLE204,96716,368 0
RED ROCK RESORTS INCCL A75700L108561,85812,955SHSOLE12,955 0 0
ROBINHOOD MKTS INCCOM CL A770700102416,20010,000SHSOLE10,000 0 0
SLM CORPCOM78442P106884,12530,103SHSOLE30,103 0 0
STEEL PARTNERS HLDGS L PLTD PRTRSHIP U85814R107821,74020,040SHSOLE20,040 0 0
STELLAR BANCORP INCCOM858927106457,49616,540SHSOLE9,1597,381 0
SURO CAPITAL CORPCOM NEW86887Q109352,92571,011SHSOLE71,011 0 0
SYNOVUS FINL CORPCOM NEW87161C501859,64218,392SHSOLE10,0478,345 0
THE ODP CORPCOM88337F105343,92024,000SHSOLE24,000 0 0
THIRD COAST BANCSHARES INCCOM88422P109503,72015,095SHSOLE8,1946,901 0
TRUIST FINL CORPCOM89832Q1093,055,38874,250SHSOLE68,4665,784 0
VALLEY NATL BANCORPCOM9197941075,670,753637,880SHSOLE596,19041,690 0
VERITEX HLDGS INCCOM9234511083,274,840131,151SHSOLE118,30012,851 0
WASHINGTON TR BANCORP INCCOM9406101082,754,71889,265SHSOLE89,265 0 0
WEBSTER FINL CORPCOM9478901091,322,67025,658SHSOLE20,8824,776 0
WESBANCO INCCOM9508101015,893,577190,361SHSOLE177,81812,543 0
WEST FRASER TIMBER CO LTDCOM952845105769,40010,000SHSOLE10,000 0 0
WESTERN ALLIANCE BANCORPCOM957638109466,6656,074SHSOLE3,3422,732 0
WESTERN NEW ENG BANCORP INCCOM958892101558,00060,000SHSOLE60,000 0 0
WEX INCCOM96208T1041,460,2869,300SHSOLE9,300 0 0
WINTRUST FINL CORPCOM97650W108472,6694,203SHSOLE2,3191,884 0