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 (MFIN) specializes in niche lending solutions across consumer, commercial, and transportation sectors. This dedicated news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and strategic initiatives.
Key resources include: Earnings reports, regulatory filings, merger & acquisition announcements, and leadership updates. Track the company’s progress in recreation financing, taxi medallion lending, and home improvement loan markets through verified press releases and objective analysis.
Discover how MFIN’s diversified portfolio and specialized lending expertise position it within evolving financial markets. Bookmark this page for continuous access to operational updates, dividend announcements, and strategic partnership news.
Medallion Financial Corp. (NASDAQ: MFIN) announced it will release its 2023 first quarter results after market close on May 1, 2023. The results will reflect performance for the period ending March 31, 2023. A conference call is scheduled for May 2, 2023, at 9:00 a.m. Eastern time, where management will discuss the financial results. Interested parties may join via U.S. dial-in at (844) 826-3033 or international at (412) 317-5185. The company specializes in originating and servicing loans across various consumer and commercial sectors, focusing on industries like recreation and home improvement. Medallion Financial's largest subsidiary, Medallion Bank, is located in Salt Lake City, Utah. For further details, visit the company's IR website.
Medallion Financial Corp. (NASDAQ: MFIN) reported its Q4 2022 results, showing a net income of $13.1 million ($0.57 per share) versus $19.5 million ($0.78 per share) a year prior. Net interest income rose 22% to $43.6 million, while net interest margin dropped to 8.86%. Loan originations were nearly flat at $191.9 million. For the full year, net income was $43.8 million ($1.83 per share), down from $54.1 million ($2.17 per share) in 2021, despite a 26% increase in net interest income to $160.4 million. The loan loss provision surged to $30.1 million from $4.6 million. The company declared a quarterly dividend of $0.08 per share and repurchased shares totaling $20.6 million during the year.
Medallion Financial Corp. (NASDAQ: MFIN) announced it will report its fourth quarter and full-year financial results for 2022 on February 22, 2023, after market close. A conference call is scheduled for February 23 at 9:00 a.m. Eastern time to discuss these results. Investors can participate by calling (877) 407-0789 (U.S.) or (201) 689-8562 (international), with a live webcast available for viewing. A replay will be accessible through March 2, 2023. The company focuses on originating and servicing loans across consumer and commercial sectors, including recreation and home improvement industries.
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