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Medallion Financial Corp. - $MFIN STOCK NEWS

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.

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. 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
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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
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News
Medallion Financial Corp. Announces Completion of Private Placement of $39.0 Million of Senior Notes
Rhea-AI Summary
Medallion Financial Corp. completes $39.0 million private placement of senior unsecured notes with 9.25% interest rate, uses proceeds to repurchase $33.0 million of existing notes. Notes received A- rating. Financial flexibility and balance sheet strength reinforced.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.28%
Tags
none
-
News
Medallion Bank Reports 2023 Second Quarter Results and Declares Series F Preferred Stock Dividend
Rhea-AI Summary
Medallion Bank announces Q2 2023 results with quarterly net income of $19.3 million. Total loan portfolio grows 26.0% to $2.064 billion. Recreation loan portfolio grows 21.2% to $1.331 billion. Home improvement loan portfolio grows 38.4% to $728.5 million. Quarterly cash dividend of $0.50 declared for Series F Preferred Stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.51%
Tags
dividends earnings
News
Medallion Financial Corp. Reports 2023 Second Quarter Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.42%
Tags
earnings
-
News
Medallion Financial Corp. to Report 2023 Second Quarter Results on Monday, July 24, 2023
Rhea-AI Summary
Medallion Financial Corp. (NASDAQ: MFIN) will report its 2023 second quarter results on July 24, 2023. A conference call to discuss the financial results will be held on July 25 at 9:00 a.m. Eastern time. The company is also offering individual meetings with portfolio managers and analysts after the earnings conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
Tags
conferences earnings
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News
Medallion Financial Corp. to Participate in Upcoming Investor Conference
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
Tags
conferences
News
Medallion Bank Announces Fintech Strategic Partnership With CreditWorks
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.02%
Tags
partnership
Stock MFIN logo
Medallion Financial Corp.

Nasdaq:MFIN

MFIN Rankings

#3848 Ranked by Market Cap
#2839 Ranked by Stock Gains
#619 Ranked by Dividends

MFIN Stock Data

190.05M
16.18M
20.82%
28.33%
4.35%
All Other Nondepository Credit Intermediation
Finance and Insurance
Link
United States of America
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.