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.
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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.