Medallion Financial

Medallion Financial Corp. is a closed-end, non-diversified management company which engages in lending and investing operations. It focuses on consumer finance portfolio including medallion, secured commercial, and consumer loans, and invests in both marketable and nonmarketable securities. The company was founded on May 23, 1996 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Medallion Financial (MFIN) reports strong Q3 earnings and growth opportunities

Medallion Financial (MFIN) delivered strong financial results in Q3 2024, driven by robust loan origination and credit quality improvements.
The company's focus on prime borrowers and diversified lending segments positions it well for future growth.
Challenges include managing credit losses and competitive loan yields, while opportunities exist in expanding originations and optimizing operations.
Overall, Medallion Financial's performance reflects a balanced approach to growth and risk management.

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Medallion Financial Corp. (NASDAQ:MFIN ) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Ken Cooper - IR Andrew Murstein - President & COO Anthony Cutrone - EVP & CFO Conference Call Participants Christopher Nolan - Ladenburg Thalmann Mike Grondahl - Northland Securities Matthew Howlett - B. Riley Operator Good day and welcome to the Medallion Financial Corp. Third Quarter Earnings Conference Call.

Medallion Financial Corp. (MFIN) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Medallion Financial (MFIN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Medallion Financial (MFIN) Q3 Earnings: A Look at Key Metrics

Medallion Financial (MFIN) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.48 per share a year ago.

Medallion Financial (MFIN) Q3 Earnings and Revenues Top Estimates

SALT LAKE CITY, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKP, the “Bank”), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan products and services offered through fintech strategic partners, today announced its results for the quarter ended September 30, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

Medallion Bank Reports 2024 Third Quarter Results and Declares Series F Preferred Stock Dividend

Medallion Financial (MFIN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Medallion Financial (MFIN) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN, the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as loan products and services offered through fintech strategic partners, announced today that it will report its results for the quarter ended September 30, 2024, after the market closes on Tuesday, October 29, 2024.

Medallion Financial Corp. to Report 2024 Third Quarter Results on Tuesday, October 29, 2024

SALT LAKE CITY, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKP), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan products and services offered through fintech strategic partners, today announced a strategic partnership with Kashable, a leading fintech company dedicated to providing socially responsible credit and financial wellness solutions. This collaboration builds on Medallion Bank's existing nationwide financing footprint while expanding Kashable's services to a broader audience, offering working Americans access to affordable personal loans.

Medallion Bank Announces Fintech Strategic Partnership With Kashable

MINNEAPOLIS, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Please read the full release with accompanying graphs, sources and details  here . Summary of the release below.

ZimCal disturbed by Medallion Financial's second quarter results

NEW YORK, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN, “Medallion” or the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, announced today it will participate in the upcoming Investor Summit 2024 Conference.

Medallion Financial Corp. to Participate in Upcoming Investor Conference

Medallion Financial Corp. (NASDAQ:MFIN ) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET Company Participants Ken Cooper - IR Andrew Murstein - President & COO Anthony Cutrone - EVP & CFO Conference Call Participants Michael Grondahl - Northland Capital Markets Christopher Nolan - Ladenburg Thalmann Matthew Howlett - B. Riley Operator Good day, and welcome to the Medallion Financial Second Quarter Earnings Conference Call.

Medallion Financial Corp. (MFIN) Q2 2024 Earnings Call Transcript

Medallion Financial (MFIN) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.62 per share a year ago.

Medallion Financial (MFIN) Q2 Earnings Miss Estimates

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN, “Medallion” or the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, announced today its results for the quarter ended June 30, 2024.

Medallion Financial Corp. Reports 2024 Second Quarter Results

SALT LAKE CITY, July 30, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKP, the “Bank”), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended June 30, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

Medallion Bank Reports 2024 Second Quarter Results and Declares Series F Preferred Stock Dividend

NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN, “Medallion Financial” or the “Company”), a finance company that originates and services loans in various consumer and commercial industries, along with offering loan products and services through fintech strategic partners, announced today that it will report its results for the quarter ended June 30, 2024, after the market closes on Tuesday, July 30, 2024.

Medallion Financial Corp. to Report 2024 Second Quarter Results on Tuesday, July 30, 2024

Includes $5.0 Million of Incremental Notes, Extends Maturity, and Lowers Interest Rate Includes $5.0 Million of Incremental Notes, Extends Maturity, and Lowers Interest Rate

Medallion Financial Corp. Announces Completion of Amended and Restated Private Placement of $17.5 Million of Senior Notes

Results Indicate that Shareholders have Decisively Elected Medallion's Director Nominees and Supported the Company's Approach to Executive Compensation – Both by an Extremely Wide Margin

Medallion Financial Corp. Announces Preliminary Results of 2024 Annual Meeting of Shareholders

MINNEAPOLIS--(BUSINESS WIRE)--ZimCal Asset Management, LLC, and its affiliates BIMIZCI Fund LLC, Warnke Investments LLC and Stephen Hodges (collectively “ZimCal”) issue a final and persuasive summary outlining the need for change at Medallion Financial Corp. (“MFIN”). ZimCal believes the upside potential for MFIN is tremendous if it can implement common-sense changes. ZimCal asks ALL stockholders to vote for its exceptional candidates to MFIN's Board of Directors (the “Board”) using the WHITE p.

ZimCal Urges All Stockholders to Vote for Its Board Candidates Before the June 11th, 2024 Shareholder Meeting

Both Top Independent Proxy Advisors Recommend “FOR” Medallion's Nominees and Executive Compensation Both Top Independent Proxy Advisors Recommend “FOR” Medallion's Nominees and Executive Compensation

Independent Proxy Advisor Glass Lewis Recommends Medallion Shareholders Vote “FOR” Both of the Board's Director Nominees on the BLUE Proxy Card

NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN, “Medallion” or the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, today announced that it is set to join the broad-market Russell 3000 Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, according to a preliminary list of additions posted Friday, May 24.

Medallion Financial Corp. Set to Join Russell 3000® Index

NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN) (“Medallion” or the “Company”) today announced that leading independent proxy advisory firm Institutional Shareholder Services ("ISS") has recommended that Medallion shareholders vote on the BLUE proxy card “FOR” ONLY the two incumbent candidates nominated by the Board of Directors, Robert M. Meyer and David L.

Leading Proxy Advisor ISS Recommends Medallion Shareholders Vote “FOR” Both of the Board's Director Nominees on the BLUE Proxy Card

MINNEAPOLIS--(BUSINESS WIRE)--The following is a statement from ZimCal. ZIMCAL PUBLISHES REBUTTAL DECK SHOWING UNTRUTHS AND INACCURACIES IN MEDALLION'S RECENT INVESTOR DECK. ZIMCAL PUBLISHES ORIGINAL UNEDITED EMAILS TO MEDALLION FINANCIAL CORP. CLEARLY SHOWING ZIMCAL'S ATTEMPTS TO WORK TO IMPROVE MEDALLION AND ITS DESIRE TO REMAIN INVESTED. All materials are posted at https://www.restoretheshine.com/materials/zimcal-mfin-emails Medallion Financial Corp. (the “Company” or “MFIN”) has made severa.

ZimCal Responds to False Allegations From Medallion and Publishes Rebuttal

MINNEAPOLIS--(BUSINESS WIRE)--ZimCal Asset Management, LLC, and its affiliates BIMIZCI Fund LLC, Warnke Investments LLC and Stephen Hodges (collectively “ZimCal”) is one of the largest investors in Medallion Financial Corp. (the “Company” or “MFIN”), has over $15.58 million in debt and equity investment exposure and has been invested in MFIN for over 3 years. ZimCal is currently in a proxy contest to replace two Directors on MFIN's Board of Directors (the “Board”) with two more highly qualified.

Excessive Pay at Medallion Financial Concerning for ZimCal

MINNEAPOLIS--(BUSINESS WIRE)--ZimCal Asset Management, LLC and its affiliates BIMIZCI Fund LLC, Warnke Investments LLC and Stephen Hodges (collectively “ZimCal”) were recently the target of untruthful attacks by Medallion Financial Corp. (“Medallion”). In a transparent attempt to gain an unfair advantage in the proxy contest and harm ZimCal, Medallion included false and defamatory statements in its solicitation material concerning discussions between ZimCal and Medallion about the possibility o.

ZimCal Responds to Personal Attacks by Medallion Financial Corp.

MINNEAPOLIS--(BUSINESS WIRE)--ZimCal Asset Management, LLC, and its affiliates BIMIZCI Fund LLC, Warnke Investments LLC and Stephen Hodges (collectively “ZimCal”) is one of the largest investors in Medallion Financial Corp. (the “Company” or “MFIN”), has over $15.55 million in debt and equity investment exposure and has been invested in MFIN for over 3 years. ZimCal is currently in a proxy contest to replace two Directors on MFIN's Board of Directors (the “Board”) with two more highly qualified.

ZimCal Asset Management, LLC Comments on Medallion Financial Corp.'s First Quarter Results

Medallion Financial Corp. (NASDAQ:MFIN ) Q1 2024 Results Conference Call May 1, 2024 9:00 AM ET Company Participants Ken Cooper - IR Anthony Cutrone - EVP, CFO Andrew Murstein - President, COO Conference Call Participants Christopher Nolan - Ladenburg Thalmann Luke Horton - Northland Capital Markets Matthew Howlett - Nomura Operator Good day, and welcome to the Medallion Financial Corporation First Quarter Earnings Conference Call. [Operator Instructions] Please note that today's event is being recorded.

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