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.

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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 (MFIN) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.67 per share a year ago.

Medallion Financial (MFIN) Surpasses Q1 Earnings and Revenue Estimates

NEW YORK, April 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 March 31, 2024.

Medallion Financial Corp. Reports 2024 First Quarter Results

SALT LAKE CITY, April 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 March 31, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

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

NEW YORK, April 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 2024 first quarter results for the quarter ended March 31, 2024, after the market closes on Tuesday, April 30, 2024.

Medallion Financial Corp. to Report 2024 First Quarter Results on Tuesday, April 30, 2024

Medallion Financial has successfully transitioned away from lending to taxicab drivers and now lends its depositors' money for recreational and home improvement loans. The bank had a strong 2023, with net interest income rising by nearly 20% and net income after taxes increasing to $61 million. Medallion Financial's loan composition and customer base, particularly in the home improvement segment, are fueling earnings growth. The bank lends to customers with strong credit scores and has a high average interest rate of 12.87%.

Medallion Financial: Dividend Growth Opportunity In Preferred Shares

MINNEAPOLIS--(BUSINESS WIRE)--ZimCal Asset Management, LLC, and its affiliates BIMIZCI Fund LLC, Warnke Investments LLC and Stephen Hodges (collectively “ZimCal”) one of the largest investors in Medallion Financial Corp. (the “Company” or “MFIN”) with over $15.5 million in debt and equity investment exposure, filed a preliminary proxy statement with the Securities and Exchange Commission (“SEC”) in connection with its nomination of two independent Board candidates for election to the Company's.

ZimCal Asset Management, LLC and Its Affiliates Nominate Two Highly Qualified, Independent Candidates to the Board of Medallion Financial Corp.

SALT LAKE CITY, April 11, 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 offering loan products and services through fintech strategic partners, announced today it had entered into a definitive agreement with TriBeam Financial, Inc. (TriBeam Financial) to be its finance partner for home solar systems and related products. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

Medallion Bank Announces Fintech Strategic Partnership With TriBeam Financial

While the top- and bottom-line numbers for Medallion Financial (MFIN) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Medallion Financial (MFIN) Q4 Earnings

Medallion Financial (MFIN) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.57 per share a year ago.

Medallion Financial (MFIN) Misses Q4 Earnings and Revenue Estimates

NEW YORK, Feb. 20, 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 and full-year ended December 31, 2023.

Medallion Financial Corp. Reports 2023 Fourth Quarter and Full-Year Results

NEW YORK, Feb. 07, 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 2023 fourth quarter and full-year results for the year ended December 31, 2023, after the market closes on Tuesday, February 20, 2024.

Medallion Financial Corp. to Report 2023 Fourth Quarter and Full-Year Results on Tuesday, February 20, 2024

SALT LAKE CITY, Jan. 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 and full-year ended December 31, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

Medallion Bank Reports 2023 Fourth Quarter and Full-Year Results and Declares Series F Preferred Stock Dividend

Medallion Financial Corp. (MFIN) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, MFIN's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

Medallion Financial (MFIN) Just Flashed Golden Cross Signal: Do You Buy?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Medallion Financial (MFIN) Stock?

Medallion Financial Corp. (NASDAQ:MFIN ) Q3 2023 Earnings Conference Call October 31, 2023 9:00 AM ET Company Participants Ken Cooper - Investor Relations Andrew Murstein - President and Chief Operating Officer Anthony Cutrone - Chief Financial Officer Conference Call Participants Mike Grondahl - Northland Securities Christopher Nolan - Ladenburg Thalmann Matt Howlett - B. Riley Securities Operator Ladies and gentlemen, good morning and welcome to the Medallion Financial Third Quarter 2023 Earnings Conference Call.

Medallion Financial Corp. (MFIN) Q3 2023 Earnings Call Transcript

The headline numbers for Medallion Financial (MFIN) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Medallion Financial (MFIN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Medallion Financial (MFIN) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.32 per share a year ago.

Medallion Financial (MFIN) Surpasses Q3 Earnings and Revenue Estimates

NEW YORK, Oct. 30, 2023 (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 September 30, 2023.

Medallion Financial Corp. Reports 2023 Third Quarter Results

SALT LAKE CITY, Oct. 30, 2023 (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 September 30, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

Medallion Bank Reports 2023 Third Quarter Results and Declares Series F Preferred Stock Dividend

NEW YORK, Oct. 23, 2023 (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 2023 third quarter results for the period ended September 30, 2023, after the market closes on Monday, October 30, 2023.

Medallion Financial Corp. to Report 2023 Third Quarter Results on Monday, October 30, 2023

NEW YORK, Oct. 17, 2023 (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 that its subsidiary, Medallion Capital, is celebrating the milestone anniversary of its 25th year of being part of Medallion Financial. Over this time, Medallion Capital has provided over $400 million of capital to 110 different companies.

Medallion Financial Celebrates Medallion Capital's 25-Year Milestone

Medallion Financial is a financial services company specializing in home improvement and RV loans. The company faces challenges due to a cyclical industry, rising interest rates, and competition. The RV and home improvement industries have shown signs of weakness, impacting Medallion's financial performance.

Medallion Financial: Cyclical Industry, Rising Interest Rates, And Competition

NEW YORK, Oct. 02, 2023 (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 that it has completed a private placement of $39.0 million aggregate principal amount of senior unsecured notes to certain institutional investors. The notes will mature on September 30, 2028, and bear a fixed interest rate of 9.25% per year, paid semi-annually. The notes received an investment grade rating of A- by Egan-Jones.

Medallion Financial Corp. Announces Completion of Private Placement of $39.0 Million of Senior Notes

Are Investors Undervaluing Medallion Financial (MFIN) Right Now?

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