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Medallion Financial Corp. - MFIN STOCK NEWS

Welcome to our dedicated news page for Medallion Financial (Ticker: MFIN), a resource for investors and traders seeking the latest updates and insights on Medallion Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Medallion Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Medallion Financial's position in the market.

News
Medallion Financial Corp. to Report 2024 First Quarter Results on Tuesday, April 30, 2024
Rhea-AI Summary
Medallion Financial Corp. will report its 2024 first-quarter results on April 30, 2024, followed by a conference call on May 1, 2024. The company offers loan products through fintech partners and services loans in various industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.47%
Tags
conferences earnings
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News
ZimCal Asset Management, LLC and Its Affiliates Nominate Two Highly Qualified, Independent Candidates to the Board of Medallion Financial Corp.
Rhea-AI Summary
ZimCal Asset Management, and its affiliates nominate two highly qualified, independent candidates to the Board of Medallion Financial Corp. The nominees have extensive financial experience and aim to improve governance and management practices. ZimCal believes the current Board lacks independence and has negatively impacted stockholders. The Company's stock price has declined by 40% over the last decade, with heightened near-term risk factors due to subprime exposure and poor loss mitigation history.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
Tags
none
-
News
Medallion Bank Announces Fintech Strategic Partnership With TriBeam Financial
Rhea-AI Summary
Medallion Bank (Nasdaq: MFIN) announces a definitive agreement with TriBeam Financial, Inc. for home solar systems financing. The partnership aims to enhance home improvement lending services, expanding reach and expertise in the residential solar equipment market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
Tags
partnership
News
Medallion Financial Corp. Reports 2023 Fourth Quarter and Full-Year Results
Rhea-AI Summary
Medallion Financial Corp. (MFIN) reports strong financial performance in Q4 and full-year 2023 with record earnings, increased loan originations, and growth in net interest income. The company saw a 12% increase in net interest income in Q4 and a 17% increase for the full year. Despite a slight decrease in net interest margin, Medallion Financial Corp. increased its quarterly dividend by 25%. The company's total assets grew by 15% to $2.6 billion. Medallion Financial Corp. President, Andrew Murstein, expressed satisfaction with the company's financial achievements and long-term prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.27%
Tags
none
-
News
Medallion Financial Corp. to Report 2023 Fourth Quarter and Full-Year Results on Tuesday, February 20, 2024
Rhea-AI Summary
Medallion Financial Corp. will report its 2023 fourth quarter and full-year results on February 20, 2024, followed by a conference call on February 21, 2024. The company offers loan products and services through fintech strategic partners and aims to increase relations with institutional investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.58%
Tags
conferences
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News
Medallion Bank Reports 2023 Fourth Quarter and Full-Year Results and Declares Series F Preferred Stock Dividend
Rhea-AI Summary
Medallion Bank, a subsidiary of Medallion Financial Corp., reported strong results for the quarter and full-year ended December 31, 2023. The bank's net income was $21.9 million for the fourth quarter and $79.9 million for the full year. Net interest income was $48.9 million for the fourth quarter and $188.9 million for the full year. The total provision for credit losses was $36.5 million for the full year. The bank's total assets were $2.3 billion, and total capital was $351.8 million at December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
Tags
dividends
News
Medallion Financial Corp. Reports 2023 Third Quarter Results
Rhea-AI Summary
Medallion Financial Corp. reported net income of $11.2 million, or $0.48 per share, for the third quarter of 2023. Cash collections on taxi medallion-related assets totaled $5.7 million, contributing to earnings of $0.10 per share. Loan originations were $217.4 million, and total loans grew 19% to $2.2 billion. The credit loss provision increased to $14.5 million. Total assets reached an all-time high of $2.6 billion. The quarterly dividend was increased by 25% to $0.10 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.15%
Tags
earnings
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News
Medallion Bank Reports 2023 Third Quarter Results and Declares Series F Preferred Stock Dividend
Rhea-AI Summary
Medallion Bank (MBNKP) announced its results for the quarter ended September 30, 2023. Quarterly net income was $17.2 million, compared to $18.3 million in the prior year quarter. Net interest income was $48.7 million with a net interest margin of 8.7%. Total provision for credit losses was $14.0 million. Annualized net charge-offs were 2.0% of average loans outstanding. Annualized ROA and ROE were 3.06% and 20.46%, respectively. The total loan portfolio grew 19.3% to $2.102 billion. Total assets were $2.258 billion and the Tier 1 leverage ratio was 16.08%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.15%
Tags
dividends earnings
-
News
Medallion Financial Corp. to Report 2023 Third Quarter Results on Monday, October 30, 2023
Rhea-AI Summary
Medallion Financial Corp. will report its 2023 third quarter results on October 30, 2023, and hold a conference call on October 31.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.92%
Tags
conferences earnings
News
Medallion Financial Celebrates Medallion Capital's 25-Year Milestone
Rhea-AI Summary
Medallion Financial Corp's subsidiary, Medallion Capital, is celebrating its 25th anniversary and has provided over $400 million of capital to 110 different companies. The acquisition of Medallion Capital has added to the company's performance, diversification, and returns. Medallion Capital is a Small Business Investment Company that offers senior subordinated or mezzanine debt solutions to middle market companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
Tags
none
Stock MFIN logo
Medallion Financial Corp.

Nasdaq:MFIN

MFIN Rankings

#3833 Ranked by Market Cap
#2839 Ranked by Stock Gains
#625 Ranked by Dividends

MFIN Stock Data

181.53M
16.18M
20.82%
28.33%
4.35%
All Other Nondepository Credit Intermediation
Finance and Insurance
Link
US
New York

About MFIN

medallion financial is a publicly traded (nasdaq symbol: taxi) specialty finance company with a leading position in financing taxi medallions and other targeted industries. the company also operates the largest taxitop advertising company in the united states.