Medallion Finacl Stock Price, News & Analysis

Medallion Bank reported strong Q1 2025 financial results, with net income rising 8% to $15.6 million compared to $14.5 million in the prior year quarter. The bank's total loan portfolio grew 6% to $2.2 billion, while net interest income increased to $52.2 million from $48.2 million.

Key performance metrics include:

• Net interest margin: 8.35%
• Return on assets: 2.51%
• Return on equity: 16.49%
• Tier 1 leverage ratio: 16.0%

The Recreation Lending segment's portfolio grew 5% to $1.432 billion, while the Home Improvement portfolio increased 8% to $812.4 million. Despite economic uncertainty affecting demand, strategic partnership volumes grew to $136 million. The bank completed a post-quarter sale of $53 million in recreation loans at a premium to par value.

The Board declared a quarterly cash dividend of $0.67982 per share on Series F Preferred Stock, payable July 1, 2025.

Medallion Financial Corp. (NASDAQ: MFIN) has announced it will release its financial results for the first quarter ended March 31, 2025, after market close on Wednesday, April 30, 2025. The company will host a conference call to discuss the results on Thursday, May 1, 2025, at 9:00 a.m. Eastern time.

The earnings discussion will be accessible via phone (U.S.: 833-816-1412, International: 412-317-0504) and through a live webcast. A replay will be available through May 8, with U.S. dial-in 844-512-2921 and passcode 1019 8552. The company is also offering individual meetings with management for portfolio managers and analysts.

Medallion Bank (Nasdaq: MBNKP) has announced changes to its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F dividend rate calculation. Starting April 1, 2025, the bank will use three-month CME Term SOFR as the benchmark rate for determining dividend rates during the floating rate period.

The dividend payment rate will be determined two U.S. government securities business days before the start of each dividend period. The Series F Preferred Stock continues to trade on the Nasdaq Capital Market under the ticker symbol 'MBNKP'.

Medallion Financial Corp. (NASDAQ: MFIN), a specialty finance company focused on loan origination and servicing across consumer and commercial sectors, has announced its participation in the upcoming Sidoti Small Cap Conference.

The virtual conference is scheduled for March 19-20, 2025. MFIN management will deliver a presentation on Wednesday, March 19, from 1:45 p.m. ET to 2:15 p.m. ET on Track 3. Additionally, the management team will be available for one-on-one meetings throughout the conference.

Interested parties can schedule meetings through their Sidoti representative or by contacting Medallion Investor Relations directly at InvestorRelations@medallion.com or (212) 328-2176.

Medallion Financial Corp. (NASDAQ: MFIN) reported its Q4 and full-year 2024 results. Q4 net income was $10.1 million ($0.43 per share), down from $14.3 million ($0.60 per share) in Q4 2023. Full-year 2024 net income reached $35.9 million ($1.52 per share), compared to $55.1 million ($2.37 per share) in 2023.

Key highlights include:

• Net interest income grew 8% to $202.5 million for 2024
• Record loan originations of $1.0 billion in 2024
• Total loans grew 12% to $2.5 billion
• Board increased quarterly dividend 10% to $0.11 per share
• Company recorded a $3.0 million charge for SEC settlement and $5.5 million benefit from insurance coverage

The recreation lending segment showed strong performance with 15% loan growth to $1.5 billion, while home improvement loans increased 9% to $827.2 million. The company repurchased 570,404 shares at an average cost of $8.07 per share in 2024.

Medallion Financial Corp (NASDAQ: MFIN) has announced it will release its fourth quarter and full-year 2024 financial results on Tuesday, March 4, 2025, after market close. The specialty finance company will host a conference call to discuss these results on Wednesday, March 5, 2025, at 9:00 a.m. Eastern time.

Investors can participate through U.S. dial-in (833) 816-1412 or international dial-in (412) 317-0504. A live webcast will be available on the Company's IR website. The conference call replay will be accessible until March 12, with U.S. replay number (844) 512-2921 and international replay number (412) 317-6671 using passcode 1019 6407.

Management is also offering individual meetings with portfolio managers and analysts post-earnings call. Interested parties can schedule meetings via investorrelations@medallion.com or (212) 328-2176.

Medallion Bank (MBNKP) reported its Q4 and full-year 2024 results. Q4 net income was $15.6 million, down from $21.9 million in Q4 2023, while net interest income increased to $53.1 million from $48.9 million. For full-year 2024, net income decreased to $60.6 million from $79.9 million in 2023, though net interest income grew to $204.7 million from $188.9 million.

The Bank's total loan portfolio grew 13% to $2.4 billion, with recreation loans up 15% to $1.543 billion and home improvement loans up 9% to $827.2 million. The Bank signed a letter of intent to sell up to $121 million of recreation loans at a premium to par value. The Board declared a quarterly cash dividend of $0.50 per share on Series F Preferred Stock, payable on April 1, 2025.

Medallion Financial Corp (NASDAQ: MFIN) reported Q3 2024 results with net income of $8.6 million ($0.37 per share), down from $11.2 million ($0.48 per share) year-over-year. Net interest income grew 8% to $52.7 million. Loan originations reached $275.6 million, with total loans growing 13% to $2.5 billion. The credit loss provision increased to $20.2 million. Recreation and home improvement loans grew to a combined $2.4 billion, with recreation loans at 14.92% average interest rate and home improvement loans at 9.76%. The Board increased quarterly dividend by 10% to $0.11 per share.

Medallion Bank reported Q3 2024 results with net income of $15.5 million, down from $17.2 million year-over-year. Net interest income increased to $53.2 million from $48.7 million. The total loan portfolio grew 13% to $2.4 billion, with recreation lending up 15% to $1.555 billion and home improvement lending up 8% to $814.1 million. The Bank's provision for credit losses increased to $20.2 million from $14.0 million year-over-year, while maintaining a strong Tier 1 leverage ratio of 15.66%. The Board declared a quarterly dividend of $0.50 per share on Series F Preferred Stock.