Every 8-K that Medallion Finacl (MFIN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow MFIN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MFIN filings page.
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. 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.
Medallion Financial Corp. held its 2026 annual meeting of shareholders on June 9, 2026. As of the April 13, 2026 record date, there were 23,864,438 common shares outstanding, and 17,419,949 shares, or 73.0%, were represented, establishing a quorum.
Shareholders elected the Company’s three Class III director nominees for terms expiring at the 2029 annual meeting and, for the third consecutive year, did not elect any nominees put forward by BIMIZCI Fund LLC. John Everets received 14,905,644 votes for, Cynthia A. Hallenbeck 13,199,033, and Alvin Murstein 12,785,454.
Shareholders also ratified the appointment of Plante & Moran, PLLC as independent registered public accounting firm for the year ending December 31, 2026, with 16,425,384 votes for. A non-binding advisory resolution approving 2025 named executive officer compensation passed with 14,202,106 votes for.
Medallion Financial Corp. reported that on June 11, 2026, the U.S. Small Business Administration notified its subsidiary Medallion Capital, Inc. that background checks for two submitted candidates were satisfactorily completed. This notification cures a previously disclosed event of default related to Medallion Capital’s outstanding SBA debentures.
Medallion Financial Corp. announced leadership changes at its subsidiary Medallion Bank. On June 11, 2026, Donald Poulton notified the company of his intention to retire as Chief Executive Officer of Medallion Bank, effective June 30, 2026. The Medallion Bank board appointed Poulton to join its Board of Directors effective July 1, 2026, keeping his experience involved at the board level. On the same day, the board appointed David Justin Haley to succeed Poulton as Chief Executive Officer of Medallion Bank, also effective July 1, 2026. Haley will continue to serve as President of Medallion Bank, combining both roles.
Medallion Financial Corp. announced preliminary results of its 2026 Annual Meeting of Stockholders, where shareholders re-elected all three company director nominees and rejected the slate proposed by an affiliate of ZimCal Asset Management.
The company reports its nominees received on average approximately 78% of votes cast, while activist nominees received about 19%, down from roughly 22% in the 2024 contest. Management highlights this as the third consecutive proxy contest in which shareholders have strongly supported the existing Board and strategy. Over the last five years, Medallion states it has generated more than $375 million of net income before taxes and increased its dividend by 40% in the last three years.
Medallion Financial Corp. reports that the U.S. Small Business Administration has notified its subsidiary Medallion Capital, Inc. that submitting two management candidates cures a previously disclosed event of default on its outstanding SBA debentures, subject to satisfactory completion of those candidates’ background checks. Medallion Capital states it believes the background checks will be satisfactorily completed, although this outcome is not assured.
Medallion Financial Corp. reported first quarter 2026 net income attributable to stockholders of $5.0 million, or $0.20 per diluted share, versus $12.0 million, or $0.50, a year earlier, when results benefited from a $9.4 million equity investment gain versus $0.3 million this quarter.
Core lending activity expanded, with net interest income up 5% to $54.1 million and loan originations up 34% to $376.9 million. The total loan portfolio, including loans held for sale, reached $2.618 billion, up 5% year over year, while net interest margin on net loans improved to 8.35%.
Recreation and home improvement lending remained the main drivers, and taxi medallion exposure declined further to $3.8 million, less than 0.2% of total assets. Net book value per share rose to $17.10, and the quarterly dividend was increased from $0.12 to $0.14 per share.
Medallion Financial Corp. completed a private placement of $75.0 million aggregate principal amount of 8.25% senior unsecured notes due May 1, 2031 with institutional investors led by JP Morgan Investment Management Inc. The transaction closed on April 28, 2026 and was conducted under a Note Purchase Agreement.
The notes carry a fixed 8.25% annual interest rate, payable semiannually on May 1 and November 1, starting November 1, 2026, and rank pari passu with Medallion’s other unsecured, unsubordinated debt. They received an A- investment grade rating from Egan-Jones. Medallion plans to use the proceeds to support its growing consumer and commercial lending segments and for general corporate purposes.
Medallion Financial Corp. reports that the U.S. Small Business Administration has declared an event of default on debenture financing provided to its subsidiary Medallion Capital, Inc. These SBA debentures totaled $73.5 million, or about 3% of consolidated borrowings as of March 31, 2026.
The SBA found Medallion Capital does not yet have a qualified management team and has directed it, within 120 days, to identify and submit at least one qualified candidate to serve as a full-time principal and investment committee member. The default does not trigger cross-defaults in Medallion Financial’s other debt. If requirements are not met, the SBA may declare the debentures and accrued interest immediately due and payable or pursue other remedies. Medallion Capital is working to submit a qualified candidate and believes that, with this supplement, it will have a qualified management team.
Medallion Financial Corp. reported that on February 26, 2026 it repaid at maturity the full $31.25 million aggregate principal amount of its privately placed notes. This payoff eliminates that specific debt obligation and reflects the company meeting all required payments on those notes.
Medallion Financial Corp. reported strong 2025 growth with higher earnings and a larger loan book. Net income attributable to stockholders rose to $43.0 million, or $1.78 per diluted share, up from $35.9 million, or $1.52, driven by net interest income of $216.9 million, a 7% increase.
Total loan originations grew to $1.505 billion from $1.043 billion, while the loan portfolio including loans held for sale reached $2.567 billion, up 3% year over year. Credit loss provision increased to $89.8 million from $76.5 million as the portfolio expanded. Book value per share improved to $17.53, up 10% from $16.00. The company returned capital through $1.0 million of share repurchases and paid total 2025 dividends of $0.47 per share, with a new quarterly dividend of $0.12 declared for payment on March 31, 2026.
Medallion Financial Corp. filed a current report stating that its wholly owned subsidiary, Medallion Bank, issued a press release announcing results for the quarter and year ended December 31, 2025. The press release is included as Exhibit 99.1 and is incorporated by reference.
The company notes this information is being furnished under Regulation FD, not filed, meaning it will only be incorporated into future registration statements if specifically identified. Medallion Financial’s common stock continues to trade on the NASDAQ Global Select Market under the symbol MFIN.