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 (NASDAQ: MFIN) is a specialty finance company that originates and services loans in various consumer and commercial industries, along with loan products and services offered through fintech strategic partners. This news page aggregates coverage of Medallion Financial’s announcements, giving context for investors and observers who follow MFIN stock and its lending activities.
Company news frequently centers on quarterly earnings results, where Medallion Financial reports net income, net interest income, loan originations, credit loss provisions, and loan portfolio composition across recreation, home improvement, commercial, taxi medallion, and strategic partnership segments. These releases also describe trends in recreation and home improvement lending, strategic partnership loan originations, and the performance of commercial and mezzanine investments.
Another recurring news theme is capital and shareholder actions. Medallion Financial issues updates on common stock dividends, stock repurchase activity under its authorized buyback program, and preferred stock offerings and redemptions at Medallion Bank, its FDIC-insured subsidiary. Leadership and governance developments, such as the appointment of Andrew Murstein as Chief Executive Officer and the transition of Alvin Murstein to Executive Chairman, are also communicated through formal news releases.
In addition, Medallion Financial regularly announces participation in investor conferences and presentations to the financial community. These items highlight opportunities for investors to hear management discuss the company’s loan portfolio, strategic partnership program, and overall specialty finance strategy. For anyone tracking MFIN news, this page provides a consolidated view of the company’s earnings updates, capital decisions, governance changes, and investor relations activities over time.
Medallion Bank (Nasdaq: MBNKO) reported third quarter 2025 results with net income of $19.8 million versus $15.5 million a year earlier and net interest income of $55.9 million. The Bank recorded a total provision for credit losses of $17.2 million and annualized net charge-offs of 2.28% of average loans. Total loans were $2.3 billion and total assets were $2.6 billion at September 30, 2025. Strategic partnership originations reached a record $208 million in the quarter. The Board declared a quarterly cash dividend of $0.5625 per share on Series G preferred, payable January 2, 2026 to holders of record December 15, 2025.
Medallion Financial (NASDAQ: MFIN) announced a planned leadership transition: Andrew Murstein will become Chief Executive Officer effective January 31, 2026, while continuing as President, Chief Operating Officer and a director. Alvin Murstein will become Executive Chairman and is expected to serve in that role until his planned retirement in May 2027.
The company describes the change as a succession plan to ensure continuity and sustained strategic growth; Andrew will oversee capital allocation, risk management, and operational efficiency while leveraging technology and fintech channels. The release notes the legacy taxi medallion business is now well under 1% of assets and cites prior record earnings and assets under Andrew's leadership.
Medallion Financial (NASDAQ: MFIN) will report results for the quarter ended Sept. 30, 2025 after market close on Wednesday, Oct. 29, 2025. A live conference call to discuss 3Q25 results is scheduled for Thursday, Oct. 30, 2025 at 9:00 a.m. ET.
Dial-in for the live call is (412) 317-0504, and a live webcast will be available on the company’s investor relations website. A replay will be available through Thursday, Nov. 6, 2025 via dial-in (412) 317-6671 with passcode 10203822, and via the webcast replay on the IR site.
Medallion Financial Corp. (NASDAQ: MFIN) reported strong Q2 2025 results with net income surging 56% to $11.1 million ($0.46 per share) compared to $7.1 million ($0.30 per share) in Q2 2024. Net interest income grew 7% to $53.4 million, while loan originations increased to $375.0 million, including $168.6 million from strategic partnerships.
The company's loan portfolio reached $2.485 billion, up 4% year-over-year, with recreation lending representing 62% of total loans at $1.546 billion. The Board declared a quarterly dividend of $0.12 per share. Net book value per share improved 10% to $16.77. During Q2, MFIN repurchased 48,166 shares at an average cost of $9.44 per share.
The credit loss provision increased to $21.6 million from $18.6 million year-over-year.Medallion Bank (NASDAQ: MFIN) reported strong Q2 2025 financial results, with net income rising to $17.3 million from $15.0 million in the prior year quarter. The bank achieved net interest income of $53.9 million and maintained a robust net interest margin of 8.54%.
Key developments include a successful public offering of 3.1 million shares of Series G Preferred Stock, raising $77.5 million, and the redemption of $46 million Series F preferred securities. The bank's total loan portfolio grew 1% YoY to $2.3 billion, with recreation lending at $1.486 billion and home improvement lending at $803.5 million. Strategic partnership volumes increased 24% QoQ to $169 million.
The bank maintained strong capital positions with a Tier 1 leverage ratio of 19.3% and declared a quarterly dividend of $0.80625 per share on its Series G Preferred Stock.
Medallion Financial Corp. (NASDAQ: MFIN), a specialty finance company focused on consumer and commercial lending, has scheduled its 2025 second quarter financial results announcement for Wednesday, July 30, 2025, after market close.
The company will host a conference call to discuss the results on Thursday, July 31, 2025, at 9:00 a.m. ET. Investors can access the call via phone at (412) 317-0504 or through a live webcast. A replay will be available until August 7, 2025, using dial-in number (412) 317-6671 with passcode 10201134.
Medallion Bank (MBNKP; MBNKO), an FDIC-insured institution specializing in consumer loans for recreational vehicles, boats, and home improvements, has announced the complete redemption of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F. The redemption is scheduled for July 1, 2025, at a redemption price of $25.00 per share. The regular quarterly dividend will be paid separately on the same date to holders of record. After the redemption date, the Series F Preferred Stock will cease to be outstanding, and no further dividends will accrue. All shares are held through DTC and will be redeemed according to DTC procedures, with Equiniti Trust Company serving as the transfer agent.
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.