Medallion Financial Corp

Medallion Financial Corp. is a specialty finance company operating in the United States through its subsidiaries. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Loans, and Taxi Medallion Lending. The company provides loans for recreational vehicles, boats, collector cars, and other consumer recreational equipment; consumer financing for home improvement projects such as window, siding, and roof replacement and swimming pool installations; senior and subordinated loans for business equipment and related assets; and taxi medallion loans to individuals and small to mid-size businesses. It also offers debt, mezzanine, and equity investment capital to companies in various commercial industries, and raises deposits and conducts other banking activities. Incorporated in 1995, it is headquartered in New York City, New York.

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Medallion Financial reports Q2 net income of $7.4 million as total assets surpass $3 billion

Medallion Financial Corp. reported second-quarter net income attributable to stockholders of $7.4 million, or $0.31 per share, compared to $11.1 million, or $0.46 per share, in the prior-year quarter. Net interest income grew 7% to $57.2 million, while loan originations surged 63% to $611.6 million, including $247.1 million from strategic partnership originations. Total assets exceeded $3.0 billion for the first time in company history, reaching $3.194 billion as of June 30, 2026, and the total loan portfolio rose 12.5% to $2.795 billion. The company recorded a credit loss provision of $22.3 million, up from $21.6 million a year ago, and repurchased 779,799 shares at an average cost of $9.85 per share for $7.7 million. A quarterly cash dividend of $0.14 per share was declared, payable on August 31, 2026.

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