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:
06-30-2025
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]
08-14-2025
                           [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:
71
Form 13F Information table Value Total:
125667173
          (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
ACADIAN ASSET MANAGEMENT INCCOM10948W1034,410,039125,143SHSOLE125,143 0 0
ALGOMA STL GROUP INCCOM01565810775,79011,000SHSOLE11,000 0 0
AMERANT BANCORP INCCL A023576101458,63025,158SHSOLE13,82611,332 0
AMERIS BANCORPCOM03076K108359,6675,559SHSOLE3,0502,509 0
AXOS FINANCIAL INCCOM05465C100779,86610,256SHSOLE5,5824,674 0
BANC OF CALIFORNIA INCCOM05990K1062,401,131170,899SHSOLE143,04827,851 0
BARCLAYS PLCADR06738E2043,498,638188,200SHSOLE188,200 0 0
BERKSHIRE HILLS BANCORP INCCOM0846801072,137,76585,374SHSOLE85,374 0 0
BLUE RIDGE BANKSHARES INC VACOM0958251051,158,870322,805SHSOLE322,805 0 0
BRIDGEWATER BANCSHARES INCCOM1086211032,589,623162,767SHSOLE142,13720,630 0
BROOKLINE BANCORP INC DELCOM11373M107808,66876,651SHSOLE41,92634,725 0
BURKE HERBERT FINL SVCS CORPCOM12135Y1082,950,78149,402SHSOLE44,0735,329 0
BYLINE BANCORP INCCOM124411109801,90030,000SHSOLE30,000 0 0
CALIFORNIA BANCORPCOM84252A1061,799,697114,194SHSOLE96,58717,607 0
CANNAE HLDGS INCCOM13765N1073,440,250165,000SHSOLE165,000 0 0
CAPITAL ONE FINL CORPCOM14040H1054,123,07619,379SHSOLE16,7762,603 0
CARTER BANKSHARES INCCOM NEW1461031062,246,258129,542SHSOLE111,23818,304 0
CHAIN BRIDGE BANCORP INCCL A15746L1001,623,89763,015SHSOLE63,015 0 0
CITIGROUP INCCOM NEW172967424992,66911,662SHSOLE11,662 0 0
COASTAL FINL CORP WACOM NEW19046P2091,312,29813,547SHSOLE7,3766,171 0
COCA COLA CONS INCCOM1910981021,367,71312,250SHSOLE12,250 0 0
COMERICA INCCOM200340107549,0789,205SHSOLE4,9804,225 0
CONNECTONE BANCORP INCCOM20786W107675,06829,148SHSOLE16,06213,086 0
COREBRIDGE FINL INCCOM21871X1092,420,63968,187SHSOLE68,187 0 0
DESIGNER BRANDS INCCL A250565108230,86097,000SHSOLE97,000 0 0
EAGLE FINL SVCS INCCOM26951R1043,905,122127,535SHSOLE113,25414,281 0
ENCORE CAP GROUP INCCOM2925541021,750,46645,220SHSOLE45,220 0 0
EQUITABLE HLDGS INCCOM29452E1012,098,14037,400SHSOLE37,400 0 0
FIRST BUSEY CORPCOM NEW3193832044,234,389185,029SHSOLE170,64814,381 0
FIRST CTZNS BANCSHARES INC NCL A31946M1034,321,8422,209SHSOLE1,931278 0
FIRST FNDTN INCCOM32026V104918,087180,017SHSOLE180,017 0 0
FIRST HORIZON CORPORATIONCOM3205171053,830,798180,698SHSOLE152,82127,877 0
FIRST MERCHANTS CORPCOM320817109455,15711,884SHSOLE6,5075,377 0
FIVE STAR BANCORPCOM33830T1031,474,63351,669SHSOLE45,5946,075 0
FULTON FINL CORP PACOM360271100409,25522,686SHSOLE12,37610,310 0
GENWORTH FINL INCCOM SHS37247D1063,905,560502,000SHSOLE502,000 0 0
HERITAGE COMM CORPCOM4269271091,954,085196,786SHSOLE166,81029,976 0
HILLTOP HOLDINGS INCCOM432748101770,89025,400SHSOLE25,400 0 0
HOMETRUST BANCSHARES INCCOM4378721042,352,71562,890SHSOLE53,2929,598 0
HORIZON BANCORP INCCOM4404071041,633,725106,224SHSOLE98,7197,505 0
LINKBANCORP INCCOM53578P105687,12593,998SHSOLE93,998 0 0
NB BANCORP INCCOM63945M1072,997,444167,830SHSOLE146,91620,914 0
NORTHPOINTE BANCSHARE INC.COM SHS66661N8863,089,178225,323SHSOLE225,323 0 0
OLD NATL BANCORP INDCOM6800331072,522,345118,198SHSOLE118,198 0 0
OLD SECOND BANCORP INC ILLCOM6802771002,541,894143,286SHSOLE126,41016,876 0
ONESPAN INCCOM68287N1002,169,717130,001SHSOLE130,001 0 0
OPPENHIMER HLDGS INCCL A NON VTG6837971042,630,80040,000SHSOLE40,000 0 0
ORANGE CNTY BANCORP INCCOM68417L1072,944,158113,938SHSOLE107,6186,320 0
PACIFIC PREMIER BANCORPCOM69478X105232,53811,026SHSOLE6,0864,940 0
PAMT CORPCOM693149106321,75025,000SHSOLE25,000 0 0
PCB BANCORPCOM69320M109839,20040,000SHSOLE40,000 0 0
PINNACLE FINL PARTNERS INCCOM72346Q104567,2875,138SHSOLE2,7922,346 0
POPULAR INCCOM NEW7331747001,046,5549,496SHSOLE5,2074,289 0
PROVIDENT FINL SVCS INCCOM74386T1052,867,049163,551SHSOLE146,61716,934 0
RED ROCK RESORTS INCCL A75700L108674,04912,955SHSOLE12,955 0 0
RENASANT CORPCOM75970E1072,906,98980,907SHSOLE69,96710,940 0
STEEL PARTNERS HLDGS L PLTD PRTRSHIP U85814R107792,58220,040SHSOLE20,040 0 0
STELLAR BANCORP INCCOM858927106475,04416,978SHSOLE9,3267,652 0
SURO CAPITAL CORPCOM NEW86887Q109649,50179,111SHSOLE79,111 0 0
SYNOVUS FINL CORPCOM NEW87161C501974,71118,835SHSOLE10,1968,639 0
THE ODP CORPCOM88337F105435,12024,000SHSOLE24,000 0 0
THIRD COAST BANCSHARES INCCOM88422P109468,88014,352SHSOLE7,6316,721 0
TRUIST FINL CORPCOM89832Q1091,930,29444,901SHSOLE38,9125,989 0
VALLEY NATL BANCORPCOM9197941073,694,698413,740SHSOLE370,54243,198 0
VERITEX HLDGS INCCOM9234511082,106,24480,699SHSOLE67,38413,315 0
WEBSTER FINL CORPCOM947890109595,19510,901SHSOLE5,9574,944 0
WESBANCO INCCOM9508101014,160,515131,537SHSOLE118,49113,046 0
WEST FRASER TIMBER CO LTDCOM952845105733,00010,000SHSOLE10,000 0 0
WESTERN ALLIANCE BANCORPCOM957638109485,2706,223SHSOLE3,3942,829 0
WEX INCCOM96208T1041,366,0779,300SHSOLE9,300 0 0
WINTRUST FINL CORPCOM97650W108534,2304,309SHSOLE2,3571,952 0