Welcome to our dedicated page for Medallion Finacl news (Ticker: MFIN), a resource for investors and traders seeking the latest updates and insights on Medallion Finacl stock.
Medallion Financial Corp. reports developments for a specialty finance business that originates and services loans across consumer and commercial categories, including recreation, home improvement, commercial lending, and loan origination services for fintech strategic partners. News commonly covers quarterly earnings, net interest income, net interest margin, loan originations, credit loss provisions, portfolio growth, book value, and common-stock dividends.
Company updates also include activity at Medallion Bank, its wholly owned FDIC-insured subsidiary, which provides consumer loans for recreational vehicles, boats, and home improvements and reports its own results and preferred-stock dividends. Other recurring topics include debt financing, senior notes, balance-sheet management, and leadership changes tied to the lending platform.
Medallion Financial (NASDAQ:MFIN) reported 2026 Q2 net income attributable to stockholders of $7.4 million, or $0.31 per share, down from $11.1 million, or $0.46, a year earlier, primarily reflecting much smaller gains on equity investments.
Net interest income rose 7% to $57.2 million and net interest margin on gross loans was 7.94%. Total assets exceeded $3.0 billion for the first time, reaching $3.194 billion, while the total loan portfolio grew 12.5% year over year to $2.795 billion.
Loan originations increased 63% to $611.6 million, including $247.1 million from strategic partnerships. The company recorded a $22.3 million credit loss provision and ended the quarter with net book value per share of $17.62. Medallion declared a $0.14 quarterly dividend and repurchased 779,799 shares for $7.7 million, leaving $6.7 million authorized under its $40 million buyback program.
Medallion Bank (Nasdaq: MBNKO), subsidiary of Medallion Financial (Nasdaq: MFIN), reported 2026 second quarter net income of $16.0 million, down from $17.3 million a year earlier, with net income attributable to the common shareholder at $13.7 million versus $14.7 million. Net interest income rose to $58.1 million from $53.6 million, while net interest margin was 8.46% compared with 8.55%.
Recreation loan originations increased 60% year over year to $228.5 million and the portfolio reached $1.8 billion. Home Improvement originations climbed 137% to $128.6 million, with the portfolio at $885.6 million. Strategic partnership originations grew 47% to $247.1 million, and Together Loans joined the strategic partnership program. Provision for credit losses was $21.6 million, up from $18.7 million. Total assets were $2.8 billion and the Tier 1 leverage ratio was 16.9% at June 30, 2026. The board declared a quarterly Series G preferred dividend of $0.5625 per share, payable October 1, 2026.
Medallion Financial (NASDAQ:MFIN) will report 2026 second quarter results after market close on Wednesday, July 29, 2026. A live conference call to discuss the financials is scheduled for 9:00 a.m. ET on Thursday, July 30, 2026, with webcast and replay access via the investor relations website.
Medallion Bank (Nasdaq: MBNKO), a subsidiary of Medallion Financial (Nasdaq: MFIN), announced a planned CEO transition effective mid-2026.
Donald Poulton will retire as CEO on June 30, 2026, then join the board as Risk Committee Chair, while Justin Haley, President since January 2026 and an employee since 2011, becomes CEO on July 1, 2026.
The bank highlights $2.6 billion in assets, an investment grade rating, strong capital ratios and record profitability and asset growth under Poulton, with plans to keep expanding consumer lending and fintech partnerships.
Medallion Financial (NASDAQ:MFIN) reported preliminary results of its 2026 annual meeting. Shareholders re-elected all three company director nominees and rejected the ZimCal-affiliated slate. Company nominees received about 78% of votes cast, while activist nominees received about 19%, down from roughly 22% in 2024.
According to Medallion, it has generated over $375 million in pre-tax net income over the last five years and increased its dividend by 40% in three years. Results remain preliminary pending certification and will be detailed in a Form 8-K filing.
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