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.
Medallion Financial CorpQ2 net income of $7.4M, loan originations surged 63%, total assets exceeded $3B, and dividend declared.