Medallion Finacl Stock Price, News & Analysis

Medallion Bank (MBNKP, MBNKO) has successfully closed a public offering of its Series G Preferred Stock, raising $77.5 million through the sale of 3,100,000 shares at $25 per share. The offering, which included a partial exercise of underwriters' option for an additional 100,000 shares, commenced trading on the Nasdaq Capital Market under ticker MBNKO on May 22, 2025.

The FDIC-insured bank, which specializes in consumer loans for recreational vehicles, boats, and home improvements, plans to use the proceeds for general corporate purposes, including increasing capital levels, growing consumer loan portfolios, and potentially redeeming outstanding Series F Preferred Stock, subject to FDIC approval. The offering was led by joint book-running managers Piper Sandler & Co. and Lucid Capital Markets.

Medallion Bank (MBKNP) has announced the pricing of its public offering of 3,000,000 shares of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G. The offering, with a liquidation amount of $25 per share, totals $75 million. The Series G Preferred Stock will pay dividends at 9.00% fixed rate until July 1, 2030, after which the rate will reset to the five-year U.S. Treasury rate plus 4.94%.

The stock will trade on Nasdaq Capital Market under symbol MBNKO, with dividends payable quarterly starting October 1, 2025. Underwriters have a 30-day option to purchase up to 450,000 additional shares. Proceeds will be used for general corporate purposes, including increasing capital levels, growing consumer loan portfolios, or potentially redeeming Series F Preferred Stock. The offering is expected to close on May 22, 2025.

Medallion Bank (MBKNP), an FDIC-insured institution specializing in consumer loans for recreational vehicles, boats, and home improvements, has announced a public offering of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G. The Series G Preferred Stock will have a par value of $1.00 per share and a liquidation amount of $25 per share, trading on Nasdaq Capital Market under the symbol "MBNKO".

The bank plans to use the proceeds for general corporate purposes, including increasing capital levels, expanding consumer loan portfolios, and potentially redeeming outstanding Series F Preferred Stock, subject to FDIC approval. Piper Sandler & Co. and Lucid Capital Markets are serving as joint book-running managers, with several other firms acting as lead managers.

Medallion Financial reported strong Q1 2025 results with a 20% increase in net income to $12.0 million ($0.50 per share). The company's strategic shift from taxi medallion lending to consumer and commercial finance continues to yield positive results.

Key highlights include:

• Net interest income up 7% to $51.4 million
• Loan originations reached $281.6 million
• Total loans grew 12% to $2.5 billion
• Strategic partnership loans surged to $136.2 million

The Recreation Lending segment remains dominant with $1.5 billion in loans (62% of total), while Home Improvement lending grew 8% to $812.4 million. The Board increased the quarterly dividend to $0.12 per share. Taxi medallion assets now represent less than 0.5% of total assets, marking a successful business transformation.

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.