Medallion Financial Corp. uses SEC filings to document operating results, subsidiary disclosures, financing arrangements, and capital-structure events for its specialty finance business. Recent Form 8-K filings furnish quarterly and annual results, including net interest income, loan originations, credit provisions, dividends, and related financial metrics for the company and Medallion Bank.
The filing record also covers material debt transactions, including senior unsecured notes, repayment of privately placed notes, and direct financial obligation disclosures. Other reports address SBA debenture financing matters at Medallion Capital, registered common stock on the Nasdaq Global Select Market, Regulation FD disclosures, exhibits, and material agreements affecting the company’s borrowing profile and governance record.
Medallion Financial Corp. reported third-quarter 2026 net income attributable to the company of $2.4 million, compared with $7.8 million a year earlier; diluted earnings per share were $0.10 versus $0.32. Net interest income rose 5% to $58.4 million, while net interest margin was 7.34%, compared with 8.21%. Credit loss provision increased to $30.8 million from $18.6 million. Management said large upfront day-one provisions tied to loan growth were a large part of the earnings decrease.
Loan originations increased 41% to $603.9 million, and total loans and loans held for sale were $2.936 billion as of September 30, 2026, up 15% from a year earlier. Medallion paid a $0.14-per-share quarterly dividend and repurchased 483,871 shares for $5.6 million during the quarter. After quarter-end, it completed the prior $40 million repurchase program and approved a new $40 million program. Medallion Bank raised $55 million through its Series G preferred stock reopening; in October, Medallion repurchased $15 million of trust preferred securities at a meaningful discount, which management said will result in a gain on extinguishment in the fourth quarter.
Medallion Financial Corp. (MFIN) completed its purchase from BIMIZCI Fund LLC of trust preferred securities issued by Medallion Financing Trust I, with a $15,000,000 liquidation amount, for an aggregate purchase price of $11,163,231.48. The price includes accrued distributions due through October 21, 2026. The purchase was made under an agreement entered into October 16, 2026, with BIMIZCI Fund LLC and ZimCal Asset Management LLC.
Medallion Financial Corp. (MFIN) agreed to repurchase from BIMIZCI Fund LLC trust preferred securities of Medallion Financing Trust I with a $15.0 million liquidation amount for an aggregate cash purchase price of $11.049 million, equal to 73.66% of face value, plus accrued but unpaid distributions. Closing is subject to customary conditions and is expected within thirty days. Medallion says it will record a gain in the fourth quarter of 2026 based on the difference between the securities’ $15.0 million carrying value and the cost to acquire them.
BIMIZCI Fund LLC and ZimCal Asset Management LLC also agreed to a five-year standstill prohibiting proxy solicitation or other campaigns against Medallion, and to dispose of any remaining Medallion common shares by December 31, 2026. Medallion reported approximately $84.7 million in buybacks and dividends since 2022, including approximately $23.6 million returned in the current year.
Medallion Financial Corp. reported that its wholly owned subsidiary, Medallion Bank, priced a public offering of 2,200,000 additional Series G preferred shares, with an aggregate liquidation amount of $55 million and a liquidation amount of $25 per share. The offering reopens the bank’s May 22, 2025 issuance. Underwriters have a 30-day option to purchase up to 330,000 additional shares solely to cover over-allotments, if any. Closing is expected on September 30, 2026, subject to customary closing conditions.
Dividends accrue at 9.00% per year from the original issue date to, but excluding, July 1, 2030, then at the five-year U.S. Treasury rate plus 4.94%. Dividends are payable quarterly only when declared and when the bank has legally available funds. On the offered shares, dividends, if declared, accrue from October 1, 2026, and are payable beginning January 1, 2027. Medallion Bank intends to use net proceeds for general corporate purposes, which may include redeeming some or all of its Series E preferred stock, subject to prior Federal Deposit Insurance Corporation approval. The preferred shares are neither insured nor approved by the Federal Deposit Insurance Corporation or another federal or state regulatory body.
MEDALLION FINANCIAL CORP (symbol: MFIN) is the issuer of record for a Form 8-K filing submitted to the SEC.
Medallion Financial Corp. reported Q2 2026 net income attributable to the company of $7,445 (Dollars in thousands), or diluted EPS of $0.31, on net interest income of $57,247 (Dollars in thousands) and total other income of $4,476 (Dollars in thousands). For the first six months of 2026, net income attributable to the company was $12,398 (Dollars in thousands), or diluted EPS of $0.51.
Total assets were $3,193,585 (Dollars in thousands) as of June 30, 2026, up from $2,955,464 (Dollars in thousands) at December 31, 2025. Loans held for investment totaled $2,773,366 (Dollars in thousands), primarily recreation and home improvement lending, and deposits were $2,293,935 (Dollars in thousands). The allowance for credit losses was $122,701 (Dollars in thousands), reflecting provisions of $22,273 and $44,749 (Dollars in thousands) for Q2 and year-to-date, respectively. Medallion Bank remained well-capitalized, with a Tier 1 leverage ratio of 16.9% and a total capital ratio of 18.1%.
Medallion Financial Corp. reported Q2 2026 net income attributable to stockholders of $7.4 million, or $0.31 diluted EPS, down from $11.1 million, or $0.46, a year earlier. Net interest income grew 7% to $57.2 million as net interest margin on net loans edged to 8.28% from 8.42%. Gains on equity investments were $0.2 million versus $6.1 million in the prior-year quarter, and the credit loss provision was $22.3 million compared with $21.6 million.
Total assets reached $3.19 billion as of June 30, 2026, and the total loan portfolio increased to $2.795 billion, up 12.5% from a year ago. Loan originations rose 63% to $611.6 million, including $247.1 million from strategic partnerships. Recreation loans were $1.76 billion (63% of loans) and home improvement loans $885.6 million (32%), with 90+ day delinquencies at 0.57% and 0.17% of those portfolios, respectively.
Book value per share increased to $17.62 from $16.77 a year earlier. The board declared a $0.14 per-share quarterly dividend payable August 31, 2026, and the company repurchased 779,799 shares at an average price of $9.85 for $7.7 million, leaving $6.7 million under its $40 million repurchase program.
Medallion Financial Corp executive Donald S. Poulton reported a tax-related share disposition. On June 25, 2026, 40,770 shares of Common Stock were withheld by the company at $9.97 per share to satisfy tax obligations from vesting restricted stock awards under the 2018 Equity Incentive Plan. After this withholding, Poulton directly owned 278,247 common shares. This was a compensation- and tax-driven event, not an open‑market stock sale.
Medallion Financial Corp. updated compensation arrangements for Donald S. Poulton in connection with his retirement as Chief Executive Officer of Medallion Bank effective June 30, 2026. On June 25, 2026, the Compensation Committee approved accelerated vesting of his remaining unvested restricted stock.
The Committee caused all 92,978 shares of unvested restricted stock held by Mr. Poulton to vest in full on June 25, 2026. It also determined that his move from employee to director of Medallion Bank will not be treated as a termination for his vested stock options, so their original expiration dates remain in place.
Additionally, the Committee approved Mr. Poulton’s eligibility for a discretionary annual cash bonus, with the actual bonus amount to be determined in the first quarter of 2027.