Welcome to our dedicated page for Medallion Financial news (Ticker: MFIN), a resource for investors and traders seeking the latest updates and insights on Medallion Financial 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 Bank (MBNKO) priced an offering of 2.2 million additional Series G preferred shares on September 23, 2026.
The shares have a $25-per-share liquidation amount, or $55 million in aggregate. The annual dividend rate is 9.00% until July 1, 2030, when it resets to the five-year U.S. Treasury rate plus 4.94%. Dividends depend on board declaration and legally available funds. The underwriters have a 30-day option to buy up to 330,000 more shares. Closing is expected September 30, 2026, subject to customary conditions. Medallion Bank intends to use net proceeds for general corporate purposes, potentially including Series E preferred redemptions subject to prior FDIC approval.
Medallion Bank (MBNKO) launched a public offering of additional Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, par value $1.00 and liquidation amount $25 per share, as a reopening of its original May 22, 2025 issuance.
The Series G Preferred Stock trades on the Nasdaq Capital Market under ticker “MBNKO,” and Medallion Bank will remain a wholly owned subsidiary of Medallion Financial upon completion. The bank expects to grant underwriters a 30-day option to purchase additional Series G shares to cover over-allotments. Net proceeds are intended for general corporate purposes, which may include redeeming some or all outstanding Senior Series E Preferred Stock, subject to FDIC approval.
Medallion Bank (subsidiary of Medallion Financial Corp., MFIN) has entered a strategic relationship with rFinance Credit Company to provide consumer financing for Renewal by Andersen replacement window and door products across the United States.
Under the arrangement, Medallion Bank originates the consumer loans, while rFinance administers the program and manages the customer experience from application through servicing. This is the Bank’s sixth fintech partner in its strategic partnership program. Total strategic partnership loans originated reached $417 million year-to-date through June 30, 2026, and the Bank continues to evaluate additional partnership opportunities.
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.
Summary not available.
Summary not available.