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Earnings documents stored for MFIN.
Investor releaseQuarter not tagged2026-05-01Medallion Financial Q1 Earnings Call Highlights
MarketBeat
Medallion Financial Q1 Earnings Call Highlights
Record total loan portfolio of $2.62 billion and $377 million of originations in Q1, driven by consumer lending with recreational loans at $1.67 billion (64% of the portfolio) and recreational originations up 64% year-over-year. Management said credit performance is solid with 90+ day delinquencies of 0.57% for recreational loans and 0.17% for home improvement, allowances of 5.19% and 2.49% respectively, improving net charge-offs, and average FICO scores of 687 (recreation) and 781 (home improvement). Net interest income rose to $54.1 million and NIM to 8%, but GAAP net income fell to $5.0 million ($0.20/share) partly due to lower equity gains; the company raised its quarterly dividend to $0.14, closed a $75 million notes offering, and is targeting growth from $3 billion to $5 billion in assets over five years. Interested in Medallion Financial Corp.? Here are five stocks we like better. Medallion Financial (NASDAQ:MFIN) executives said the company posted record loan balances and one of its strongest origination quarters on record in the first quarter of 2026, citing healthy demand across its lending products and continued investment in technology and personnel to support growth. During the call, President and CEO Andrew Murstein said the quarter reflected “solid performance across our core financial metrics and operating segments,” highlighted by $377 million of origination volume and a record total loan portfolio of $2.62 billion. Murstein said the company saw increases versus the first quarter of 2025 in net interest income, originations, and portfolio size. → Palantir Is Down 30%: Noise? Or a Signal to Accumulate? Consumer lending remained the company’s largest segment. Murstein reported consumer lending interest income of $73.4 million, up 4.5% year over year, and emphasized that the company is “originating loans to individuals in these niches that have strong credit quality.” Recreational lending: Loan book grew 8% to $1.67 billion as of March 31, 2026, representing 64% of total loans. Originations increased 64% year over year to $142.5 million, while interest income rose 7% to $54 million. Home improvement lending: Loan book reached $814.9 million, representing 31% of total loans. Originations increased 32% to $64.4 million, and interest income totaled $19.4 million. Murstein characterized credit performance as solid. He said 90+ day delinquencies wer...
Investor releaseQuarter not tagged2026-04-30Medallion Financial (MFIN) Q1 Earnings and Revenues Miss Estimates
Zacks
Medallion Financial (MFIN) Q1 Earnings and Revenues Miss Estimates
Medallion Financial (MFIN) came out with quarterly earnings of $0.2 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.5 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -20.00%. A quarter ago, it was expected that this business development company would post earnings of $0.41 per share when it actually produced earnings of $0.5, delivering a surprise of +21.95%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Medallion Financial, which belongs to the Zacks Financial - SBIC & Commercial Industry industry, posted revenues of $56.47 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.8%. This compares to year-ago revenues of $63.01 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Medallion Financial shares have lost about 8.6% since the beginning of the year versus the S&P 500's gain of 4.3%. While Medallion Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Medallion Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near fut...
Investor releaseQuarter not tagged2026-04-30Medallion Financial Corp. Reports 2026 First Quarter Results
GlobeNewswire
Medallion Financial Corp. Reports 2026 First Quarter Results
NEW YORK, April 29, 2026 (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 its financial results for the quarter ended March 31, 2026. 2026 First Quarter Highlights Total net income attributable to stockholders for the first quarter was $5.0 million, or $0.20 per share, compared to $12.0 million, or $0.50 per share, in the prior year quarter. Total net income for the prior year quarter included a $9.4 million gain on equity investments, compared to $0.3 million in the current quarter. Net interest income grew 5% to $54.1 million from $51.4 million in the prior year quarter. Net interest margin (“NIM”) on gross loans was 8.00%, compared to 7.94% in the prior year quarter, and NIM on net loans was 8.35%, compared to 8.25% in the prior year quarter. Loan originations grew 34% to $376.9 million, compared to $281.6 million in the prior year quarter, and included $170.0 million of strategic partnership loan originations in the current quarter, compared to $136.2 million in the prior year quarter. Credit loss provision was $22.5 million, compared to $22.0 million in the prior year quarter. The loan portfolio, including loans held for sale, as of March 31, 2026, was $2.618 billion, up 5% from $2.486 billion a year ago. Net book value per share at March 31, 2026 was $17.10 compared to $16.36 a year ago. The Company declared and paid a quarterly cash dividend of $0.12 per share. Subsequent to March 31, 2026, the Board of Directors increased the quarterly cash dividend to $0.14 per share. Executive Commentary Andrew Murstein, President and Chief Executive Officer of Medallion Financial Corp., commented, “Following the strong results we achieved in 2025, Medallion continued that momentum in the first quarter 2026, demonstrating our ability to achieve growth across our lending segments. Loan originations grew 64% year-over-year in our recreation segment and 32% year-over-year in our home improvement segment, reflecting healthy demand and the strength of our platform. We saw year-over-year increases in our total portfolio, which expanded to a record $2.618 billion, net interest income, which increased to $54.1 million, and net boo...
Investor releaseQuarter not tagged2026-04-30Medallion Bank Reports 2026 First Quarter Results and Declares Series G Preferred Stock Dividend
GlobeNewswire
Medallion Bank Reports 2026 First Quarter Results and Declares Series G Preferred Stock Dividend
SALT LAKE CITY, April 29, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO, 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, 2026. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN). 2026 First Quarter Highlights Net income of $13.0 million, compared to $15.6 million in the prior year quarter. Net income attributable to common shareholder of $10.7 million, compared to $14.1 million in the prior year quarter. Net interest income of $54.6 million, compared to $52.2 million in the prior year quarter. Total non-interest income of $1.1 million, compared to $1.7 million in the prior year quarter. Net interest margin of 8.39%, compared to 8.35% in the prior year quarter. Recreation loan originations grew 64% from the prior year quarter to $142.5 million, and the loan portfolio grew 17% to $1.7 billion. Home Improvement loan originations grew 32% from the prior year quarter to $64.4 million, and the loan portfolio grew less than 1% to $814.9 million. Strategic partnership loan originations grew 25% from the prior year quarter to $170.0 million. Total provision for credit losses was $22.1 million, compared to $19.0 million in the prior year quarter. Annualized net charge-offs were 3.40% of average loans outstanding, compared to 3.41% in the prior year quarter. Annualized return on assets and return on equity were 2.03% and 11.93%, respectively, compared to 2.51% and 16.49%, respectively, for the prior year period. Total assets were $2.6 billion and the Tier 1 leverage ratio was 17.4% at March 31, 2026. Series G Preferred Stock Dividend On April 28, 2026, the Bank’s Board of Directors declared a quarterly cash dividend of $0.5625 per share on the Bank’s Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, which trades on the Nasdaq Capital Market under the ticker symbol “MBNKO.” The dividend is payable on July 1, 2026, to holders of record at the close of business on June 15, 2026. Other Information Beginning this quarter, the Bank has updated the format of its earnings press release. The Bank’s quarterly and annual filings with the FDIC are available in the Investor Relations section of the Bank’s website. A...
Investor releaseQuarter not tagged2026-04-30Medallion Financial: Q1 Earnings Snapshot
Associated Press
Medallion Financial: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Medallion Financial Corp. (MFIN) on Wednesday reported profit of $5 million in its first quarter. The New York-based company said it had profit of 20 cents per share. The business development company posted revenue of $81.5 million in the period. Its adjusted revenue was $56.5 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MFIN at https://www.zacks.com/ap/MFIN
TranscriptFY2026 Q12026-04-30FY2026 Q1 earnings call transcript
Earnings source - 69 paragraphs
FY2026 Q1 earnings call transcript
Greetings, and welcome to the Medallion Financial Corp. first quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Val Ferraro of The Equity Group. Please go ahead.
Thank you, and good morning. Welcome to Medallion Financial Corp.'s first quarter 2026 earnings call. Joining me today are Andrew Murstein, President and Chief Executive Officer, Anthony Cutrone, Executive Vice President and Chief Financial Officer, and Justin Haley, President of Medallion Bank.
Certain statements made during the call today constitute forward-looking statements. Such forward-looking statements are subject to both known and unknown risks and uncertainties that could cause actual results to differ materially from such statements. Those risks and uncertainties are described in our earnings press release issued yesterday and in our filings with the SEC. The forward-looking statements made today are as of the date of this call, and we do not undertake any obligation to update these forward-looking statements. In addition to our earnings press release, you can find our first quarter supplement presentation on our website by visiting medallion.com and clicking Investor Relations.
The presentation is near the top of the page. With that, I'll turn it over to Andrew.
Thank you, and good morning, everyone. The first quarter of 2026 marked the continuation of solid performance across our core financial metrics and operating segments. Notably, we delivered one of our strongest loan volume quarters on record, reflecting exceptional demand for our products and the success of our loan origination growth efforts. Compared to the first quarter of 2025, we reported increases in net interest income, originations, and portfolio size, reflecting the strength of our platform and consistent execution across our business lines.
Loan demand remained healthy, which allowed us to generate $377 million in origination volume for the quarter. Credit performance was solid, and total loans reached a record $2.62 billion. Our results demonstrate our ability to continue scaling the business profitably as we execute our strategy, which I will now walk through in further detail.
I'll start with consumer lending, our largest and most profitable business, which continues to anchor our performance with interest income of $73.4 million for the quarter, up 4.5% compared to the same period of last year. Within the consumer lending segments, the rec loan book grew 8% to $1.67 billion on March 31, 2026, representing 64% of our total loans. Originations for the quarter grew 64% to $142.5 million compared to $86.8 million a year ago, and interest income rose 7% to $54 million. Delinquencies of 90+ days were just 0.57% of gross recreational loans, and the allowance for credit losses was 5.19% as compared to 5.0% a year ago.
As a reminder, the allowance is forward-looking and designed to absorb all future expected losses. The home improvement loan book grew to $814.9 million at March 31, 2026, representing 31% of our total loans, and interest income was $19.4 million. Originations for the quarter grew 32% to $64.4 million versus $48.8 million last year. Delinquencies of 90+ days were just 0.17% of gross home improvement loans, and the allowance for credit losses was 2.49%, consistent with a year ago. Importantly, we are originating loans to individuals in these niches that have strong credit quality with average FICOs on new originations now at 687 for rec and 781 for home improvement. The vast majority of our book falls within the super prime to near prime part of the credit spectrum, and that concentration has improved over the years.
Moving on to our commercial segment, though we did not have any new originations in the first quarter, the portfolio increased to $119.6 million from $116.1 million last year, with an average interest rate of 14.18% compared to 13.14% a year ago. Additionally, as of March 31st, we have more than two dozen equity investments with a book value of just $8.1 million on our balance sheet. These equity components are a result of our long-term strategic investments, and while the timing of exits is inherently unpredictable, we remain confident in our pipeline.
During the quarter, gains from equity investments were just $0.3 million. Our strategic partnership program, which produces origination fees and approximately two to five days of interest before we sell the loans to the partner or the other third parties, had another good quarter with $170 million of originations. Total loans held as of quarter-end in the strategic partnership program were $10.8 million. Our partners today originated consumer loans, most of which are outside of the rec and home improvement loans we originate for our portfolio. Although this program represents a small part of fees and interest generated at Medallion Financial, it has produced approximately $1.2 million of revenue this quarter, representing a further diversification of our income sources. We continue to work on our growing pipeline of new partner prospects and expect to add new partners over time.
Furthermore, we are taking a very methodical approach to growth to ensure we continue to do it in a way that keeps us safe and sound. From a capital allocation perspective, we remain committed to our shareholders. During the quarter, we paid a dividend of $0.12 per share and continue to prioritize organic growth and meaningful tangible shareholder return. Additionally, subsequent to quarter end, our board of directors approved a second quarter dividend of $0.14 per share, representing a 16.7% increase from last quarter and a 75% increase since we reinstated a dividend the first quarter of 2022. Looking ahead, I am confident in the strength of our platform and the opportunities in front of us. Our diversified and proven business model, experienced management team, and disciplined loan origination approach positions us well to continue generating consistent risk-adjusted returns.
Our approach is increasingly analytical and data-driven, supported by digital tools that help optimize underwriting, origination, servicing, and overall portfolio visibility. Our investments in technology over the years, from a full migration to the cloud to business process automation work, a new loan servicing system, and tighter integrations with our sources of loan volume are generating meaningful value today. The evolution of our advanced technical and analytical capabilities will allow us to grow the business while assessing risk with greater precision than ever, which will help us maintain consistently strong performance across operating environments. Additionally, as announced this week, we are pleased to have closed a $75 million notes offering led by JPMorgan Investment Management, strengthening our funding partnerships and positioning us well for continued growth. I also wanted to briefly touch on our SBIC program.
We remain committed to our long-term standing relationship with the SBA and have submitted two qualified management candidates for approval by the SBA. More broadly, we have deep confidence in the abilities of our management team. With that, I'll now turn it over to Anthony, who will provide some additional insight into our quarter.
Thank you, Andrew. Good morning, everyone. For the first quarter, net interest income grew 5% to $54.1 million from $51.4 million a year ago. Our net interest margin was 8% during the quarter, up 6 basis points from a year ago. Our total interest yields for the quarter increased 5 basis points from a year ago to 11.7%, with our average cost of borrowings in the quarter being 4.28% compared to 4.16% a year ago. During the quarter, our average cost of deposits at Medallion Bank was 3.95% compared to 3.80% in the prior year quarter. As of March 31st, the weighted average coupon of recreation loans was 15.11% and was 9.82% for home improvement loans.
During the quarter, we originated loans at rates averaging around 14.75% for recreation loans and 10% for home improvement loans. Currently, in April, we have originated recreation loans at similar rates and home improvement loans at rates of approximately 9.5%. Our total loan portfolio reached $2.62 billion at March 31st, up 5% from a year ago. Total loans included $1.6 billion of recreation loans, $815 million of home improvement loans, and $120 million of commercial loans. For the quarter, the average yield on our total loan portfolio increased to 12.15% from 12.04% a year ago.
Our provision for credit losses was $22.5 million for the quarter, a decrease from $27.7 million in the fourth quarter and a slight increase from $22 million in the prior year quarter. Net charge-offs in the recreation portfolio during the quarter were $17.7 million or 4.38% compared to 4.67% in the 2025 quarter and were $2.9 million or 1.44% of the average home improvement portfolio compared to 1.55% in the 2025 quarter. Turning to expenses, operating costs totaled $22.4 million during the quarter, up from $20.8 million in the prior year quarter.
The increase over the prior year was largely due to higher employee costs as well as higher loan servicing and collection expenses, all of which are associated with our growing loan portfolio. As we continue to expand our platforms, grow our business, and look to becoming a sizably larger enterprise over the next several years, we anticipate higher operating costs. As we've stated previously, we expect in the long term our net interest income to outpace any growth we experience in operating costs in the near term. For the quarter, net income attributable to our shareholders was $5 million or $0.20 per diluted share. Compared to $12 million or $0.50 per share in the prior year quarter, with that prior year quarter including $9.1 million of higher equity gains compared to the current.
As mentioned in the past, gains from equity investments in the commercial portfolio do not adhere to any specific trend and may fluctuate from quarter to quarter. Our net book value per share as of March 31st was $17.10, up from $16.36 a year ago. Our adjusted tangible book value per share, which excludes the value of goodwill, intangible assets, and the deferred tax liability associated with both, was $11.83 at the end of the quarter, up from $10.90 a year ago. That covers our first quarter results. Andrew and I are now happy to take your questions.
Thank you. We will now be conducting a question and answer session. If you like to ask a question, please press star one on your telephone keypad. The confirmation tone will indicate your line is in the question queue. You may press star two to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up the handset before pressing the star key. One moment please while we poll for questions.
Our first question is from Mike Grondahl with Northland Securities.
Hey, guys. Thank you. Andrew, in the press release, it talks about significant technology change and adding talented people. I know on the year-end call you talked a little bit about some of the investments you were gonna be making. Any way to kind of quantify the investment in 1Q, what you think it's gonna be for 2026, and kind of specifically where you're spending the money?
Good morning, Mike. Talking about talented people, we have, our new President of Medallion Bank, Justin Haley, on the call, and, that's right in his wheelhouse. Justin, why don't you jump in and answer that, please?
Hi, Mike. It's nice to meet you.
Howdy, Justin.
Yeah. Our tech investment has been going on for several years. We have a pretty consistent run rate. We're an agile shop, we really are focused on incremental improvement over time. You don't see anything in Q1 that's significant, you should expect to see generally increasing technology investment marginally over where we are today. The last significant capital improvement was in Q4 of 2024 when we launched our loan origination system. The next one that we have on the docket is likely in the first half of 2027 as we focus on our loan origination. Our I'm sorry, I think I said loan origination system first, it should be second. As far as talent goes, we had a press release earlier in the year. We hired a new SVP of sales and marketing.
He comes from a bank that has deep experience in home improvement. We're expecting growth there. We've hired a new VP of marketing. We've hired a new VP of credit. We're adding talent into our technology operations and our lending operations teams. This is all to support growth. You saw some increase in salaries and benefits as a result. I would expect to see similar growth in that over time. We could grow our head count at the bank by 30 to 40 this year as we scale up.
Got it. You said 30 to 40 people over the course of the year, Justin?
Yes.
Got it.
Yeah. Just to put that into context, you know, head count increased just at the Bank by 10 people in Q1. I mean, we're right on track to hit those levels.
Got it. Anthony, maybe one for you. Just at a high level, how are you thinking about credit quality, you know, the rec, the home improvement book? How are things kinda trending?
I think, you know, home improvement, I think we're comfortable where credit is right now. On the rec side, we definitely see it improving, and it's a decent start to the year. I mean, year-over-year, charge-offs in home improvement are down 11 basis points. On the rec, they're down even larger than that, when we look at Q1 of 2025. I think, you know, we know there's still a ways to go with rec. It's still higher than, you know, historically we'd like, you know, it's been and where we'd like to see it. But we've made some changes in terms of pricing. Not necessarily credit, but we're, you know, wanna make sure that we're not pricing ourselves out. This, you know, this business historically for us, we're a second-look lender.
We wanna make sure that we stay a second-look lender and that we're not falling, you know, towards the bottom of the stack. We've brought our new origination prices in line with where competition is, and we think over time that'll improve, you know, the credit and give us a better credit-adjusted yield on this portfolio.
Got it. Just lastly, how should we think about higher oil prices and, you know, kinda your credit outlook, you know, especially on the rec side? Does it matter?
I think it matters to some extent. You know, again, you know, with the type of recreational vehicles we're financing, these aren't huge cabin cruisers in the, you know, that are, you know, trolling the seas. These are smaller boats, so the gas impact isn't as significant as those larger ticket items. You know, there's an impact to Our borrower, you know, definitely at the lower end of the borrower spectrum, there's probably more tightness. That's not our borrower per se. You know, we've spoken about, you know, the composition of our borrower in the past. You know, these are individuals that, you know, have, you know, W-2 wages, you know, approaching, if not exceeding six figures.
You know, it's something that we're cognizant of, but we haven't seen any major impact. I mean, if things change sizably, obviously, you know, I think all lenders like us will be impacted.
Fair. Okay. Hey, thank you, guys.
Thanks, Mike.
Thank you. Our next question is from Christopher Nolan with Ladenburg Thalmann.
Hey, Anthony. On tangible book value you gave, does that include all goodwill and tangible assets?
Yeah.
Excludes, I should say.
Yeah, it excludes the all goodwill, all intangible assets, and then we add back that approximate $42 million of deferred tax liability.
The tax rate, should we expect it to go back to the low 30s or so?
Yeah. I think it's a little high this quarter, and that's just a function of, you know, it's Q1. A lot of the non-deductible expenses get, you know, factored in, you know, Q1. As you know, pre-tax income increases, we would expect that to settle in the lower 30s.
Got it. Justin, are a lot of the tech investments you're making, are they gonna be services where you're basically integrating in, API and application program interface? Are you buying boxes and hiring coders?
We have a team of software engineers. We are focused on offering greater services to our clients. It is that API integration. It's also more tools at the point of sale, and then investments in-house that'll streamline the operation as it scales up.
What does this mean for working with your strategic partners? Does this suddenly mean that you'll have the ability to scale in terms of those loans that you take in and sell or not really?
It'll definitely help. Yeah, as we add partners that have greater volume. We need those kinds of tools to allow us to process that volume. What we do in the strategic partnership business is we provide compliance services and oversight of their platforms. We can do that at greater scale with these kinds of investments.
Okay. This is a question you may not wanna answer, but what's the ROI you expect on these investments?
Let's, let's say that we anticipate providing the returns over time that we're used to providing. We'll bake it into the overall model.
That doesn't help the cause. Okay, great. Andrew, the $8 million in equity investments that you mentioned, thank you, what's the fair value on that, please?
We don't, we don't record it at fair value. Again, you know, it's hard to say because, you know, we account for these at cost less impairment. Some of them have values in excess of where we're carrying them. These are small business concerns overwhelmingly, so, you know, they're not in public securities that trade. It's, it's hard to say, and that's why, you know, we don't disclose that. You know, we recognize the income when there's an exit.
Well, you guys have not been.
No, I'll.
You guys have not been sporting today.
I'll give you a little more color. It's always the same way. The CFO is very black and white. Just to add some color to it, we're getting a lot of great looks at fintech companies. One, excuse me, which we did not invest in was a company called Kashable, but they're one of our biggest strategic partners, as we've said before, and they just got a $30 million-$50 million investment in this week by Goldman Sachs. That's gonna probably pick up their loan volumes substantially, which will help our SP business continue to grow. In the past, we were in the first round of a company called Upgrade, which was Renaud Laplanche's company. We had a small investment there, but that went up, actually about 100-fold.
We still own a little piece of that there. I think we got in at $0.10 a share and got out at most of our positions about $10 a share. The Strategic Partnership does a lot for us. In addition to just nice fee income business, it lets us get these early looks at fintech companies.
Now, that's a spicy answer. Thank you very much. Good stuff. I guess as a final question, and just general. You know, it sounds like between the tech investments and you guys talking up the strategic partnerships, it sounds like the company is drifting more and more towards those type of loans and less towards its traditional bread and butter, you know, RV and home improvement and all that stuff. Is that a fair characterization?
I don't think so, honestly. I think the, you know, the, those businesses, the RV, marine, and home improvement are just tremendous cash flow businesses. They let us take looks at other lines of business, which are still small, but there's just so much growth in the existing lines that we continue to go after. We did that $75 million debt deal this week. It was nice to be able to bring in such a prestigious name as JPMorgan. You know, we've never really reached those levels as a company before. That had an investment-grade rating. That's gonna give us a lot of dry powder just to continue to block and tackle in our existing lines of business.
Yeah. What I'll add to that is, you know, looking ahead, you know, in the coming years, you know, we're expecting growth, asset growth, loan growth, you know, around 10%. You know, 2025, we only grew at 3. I think much of that is gonna come in our traditional lines, the consumer loans.
You have a very hungry group between the three of us on the phone today, and a lot of experience too. The three of our goals are to take the company from $3 billion in assets to $5 billion in assets in the next five years. I think we can accomplish that.
Well, between your good looks and Anthony's great haircut, I'm sure that helped charm JPMorgan. Okay.
That helps. Okay.
Thanks, Chris.
That plus the numbers. The numbers help as well.
Thank you. There are no further questions at this time. I'd like to hand the floor back over to Andrew Murstein for any closing remarks.
Thank you. Before closing the call, I'd just like to reinforce our commitment to delivering strong risk-adjusted returns to our shareholders. We remain confident in the strength of our loan book and our ability to execute on the opportunities ahead. We look forward to updating you on our progress next quarter, and I hope you have a great rest of your day. Thank you.
This concludes today's conference. You may disconnect your lines at this time. Thank you for your participating.
Investor releaseQuarter not tagged2026-04-29Medallion Financial Corp. to Report 2026 First Quarter Results on Wednesday, April 29, 2026
GlobeNewswire
Medallion Financial Corp. to Report 2026 First Quarter Results on Wednesday, April 29, 2026
Conference Call Scheduled for 9:00 a.m. ET on Thursday, April 30, 2026 NEW YORK, April 28, 2026 (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 March 31, 2026, after the market closes on Wednesday, April 29, 2026. Live Conference Call and Webcast A conference call to discuss these financial results will be held as follows: Date: Thursday, April 30, 2026 Time: 9:00 a.m. ET Dial-in number: (201) 689-8471 Live webcast: Link to webcast of 1Q26 Earnings Call A link to the live audio webcast of the conference call will also be available at the Company’s IR website. Replay Information The conference call replay will be available following the end of the call through Thursday, May 7, 2026. Dial-in number: (412) 317-6671 Passcode: 13759966 Additionally, the webcast replay will be available at the Company's IR website. About Medallion Financial Corp. Medallion Financial Corp. (NASDAQ: MFIN) and its subsidiaries originate and service a growing portfolio of consumer loans and mezzanine loans in various industries, and loan products and services offered through fintech strategic partners. Key industries served include recreation (towable RVs and marine) and home improvement (replacement roofs, swimming pools, and windows). Medallion Financial Corp. is headquartered in New York City, NY, and its largest subsidiary, Medallion Bank, is headquartered in Salt Lake City, Utah. For more information, please visit www.medallion.com. Contacts: Medallion Financial Corp. 212-328-2176 [email protected] Investor Relations The Equity Group Inc. Lena Cati [email protected] (212) 836-9611 Val Ferraro [email protected] (212) 836-9633
Investor releaseQuarter not tagged2026-02-21Medallion Financial Corp (MFIN) Q4 2025 Earnings Call Highlights: Record Performance Amid ...
GuruFocus.com
Medallion Financial Corp (MFIN) Q4 2025 Earnings Call Highlights: Record Performance Amid ...
This article first appeared on GuruFocus. Total Loans: $2.567 billion as of December 31, 2025. Total Originations: $421 million for Q4 2025; $1.5 billion for the full year 2025. Net Interest Income: $56.4 million for Q4 2025; $216.9 million for the full year 2025. Net Interest Margin: 8.04% for Q4 2025. Interest Income (Consumer Lending): $74.5 million for Q4 2025; $289.9 million for the full year 2025. Recreation Loan Book: $1.6 billion as of December 31, 2025. Home Improvement Loan Book: $810.2 million as of December 31, 2025. Commercial Loan Portfolio: $123.1 million as of December 31, 2025. Net Income Attributable to Shareholders: $12.2 million for Q4 2025; $43 million for the full year 2025. Net Income Per Share: $0.50 per diluted share for Q4 2025; $1.78 per share for the full year 2025. Net Book Value Per Share: $17.53 as of December 31, 2025. Adjusted Tangible Book Value Per Share: $12.12 as of December 31, 2025. Provision for Credit Loss: $27.7 million for Q4 2025. Operating Costs: $22.2 million for Q4 2025. Gains from Equity Investments: $8.8 million for Q4 2025; $24.6 million for the full year 2025. Dividend: $0.12 per share for the quarter. Warning! GuruFocus has detected 5 Warning Sign with MFIN. Is MFIN fairly valued? Test your thesis with our free DCF calculator. Release Date: February 19, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Medallion Financial Corp (NASDAQ:MFIN) reported record performance in 2025 with increases in net interest income, net income, originations, and portfolio size compared to 2024. The company's consumer lending segment, particularly the recreation loan book, showed strong growth with a 5% increase to $1.6 billion, representing 63% of total loans. The strategic partnership program reached a record level of $258.3 million in originations this quarter, indicating successful diversification of income sources. Net interest income grew 8% in the fourth quarter to $56.4 million, with a net interest margin of 8.04%, reflecting effective interest rate management. The company maintained a strong balance sheet with a net book value per share increase to $17.53, up from $16 a year ago, demonstrating solid shareholder value creation. Provision for credit losses increased significantly to $27.7 million in the fourth quarter, up from $18.6 million in the third quarter, in...
Investor releaseQuarter not tagged2026-02-19Medallion Financial (MFIN) Tops Q4 Earnings and Revenue Estimates
Zacks
Medallion Financial (MFIN) Tops Q4 Earnings and Revenue Estimates
Medallion Financial (MFIN) came out with quarterly earnings of $0.5 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +21.95%. A quarter ago, it was expected that this business development company would post earnings of $0.29 per share when it actually produced earnings of $0.46, delivering a surprise of +58.62%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Medallion Financial, which belongs to the Zacks Financial - SBIC & Commercial Industry industry, posted revenues of $70.56 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 24.43%. This compares to year-ago revenues of $56.25 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Medallion Financial shares have added about 1.2% since the beginning of the year versus the S&P 500's zero return. While Medallion Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Medallion Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the ne...
Investor releaseQuarter not tagged2026-02-19Medallion Financial Earnings Call Transcript
Motley Fool
Medallion Financial Earnings Call Transcript
Image source: The Motley Fool. Thursday, February 19, 2026 at 9:00 a.m. ET Chief Executive Officer — Andrew Murstein Chief Financial Officer — Anthony N. Cutrone Need a quote from a Motley Fool analyst? Email [email protected] Andrew. Thank you, and good morning, everyone. 2025 marked a record year for Medallion Financial Corp., with solid performance across our core financial metrics and operating segments. As compared to the fourth quarter and full year 2024, we reported increases in net interest income, net income, originations, and portfolio size, reflecting the strength of our platform and consistent execution across our business line. Loan demand remained healthy, credit performance was solid, and our results Andrew Murstein: demonstrate our ability to continue scaling the business profitably while maintaining discipline. Across the portfolio, we continue to execute effectively with meaningful contributions from our recreation, home improvement, and commercial lending line. Total loans reached $2,567,000,000 and total originations came in at $421,000,000 for the fourth quarter and $1,500,000,000 for the full year, increases from both the same quarter last year and year over year. These results reflect a focused operating approach and our ongoing commitment to prudent growth across the platform, which I will now walk through in further detail. I will start with consumer lending, our largest and most profitable business line, which continues to anchor our performance with interest income of $74,500,000 for the quarter and $289,900,000 for the year, growing 5% as compared to the same period of last year and 8% year over year. Within the consumer lending segments, direct loan book grew 5% to $1,600,000,000 at 12/31/2025, representing 63% of our total loans. Originations for the quarter grew to $97,200,000 compared to $72,200,000 a year ago, and interest income rose 6% to $54,200,000. Delinquencies of 90-plus days were just 0.82% of gross recreational loans and the allowance for credit losses is 5.32% to reflect expected seasonal and economic dynamics as compared to 5% a year ago. The home improvement loan book stood at $810,200,000 at 12/31/2025, representing 32% of our total loans. Originations for the quarter were $61,700,000 versus $82,500,000 last year. Delinquencies of 90-plus days were just 0.16% of gross home improvement loans, and the allowance for credi...
Investor releaseQuarter not tagged2026-02-19Medallion Financial: Q4 Earnings Snapshot
Associated Press Finance
Medallion Financial: Q4 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Medallion Financial Corp. (MFIN) on Wednesday reported earnings of $12.2 million in its fourth quarter. The New York-based company said it had profit of 50 cents per share. The business development company posted revenue of $95.8 million in the period. Its adjusted revenue was $70.6 million. For the year, the company reported profit of $43 million, or $1.78 per share. Revenue was reported as $254.9 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MFIN at https://www.zacks.com/ap/MFIN
Investor releaseQuarter not tagged2026-02-19Medallion Financial Corp. Reports 2025 Fourth Quarter and Full-Year Results
GlobeNewswire
Medallion Financial Corp. Reports 2025 Fourth Quarter and Full-Year Results
NEW YORK, Feb. 18, 2026 (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 its financial results for the quarter and full-year ended December 31, 2025. 2025 Fourth Quarter Highlights Total net income attributable to stockholders for the fourth quarter was $12.2 million, or $0.50 per share, up 20% compared to $10.1 million, or $0.43 per share in the prior year quarter. Net interest income grew 8% to $56.4 million from $52.0 million in the prior year quarter. Net interest margin on gross loans was 8.04%, compared to 7.84% in the prior year quarter, and net interest margin on net loans was 8.39%, compared to 8.15% in the prior year quarter. Loan originations grew to $421.3 million, compared to $285.7 million in the prior year quarter, and included $258.3 million of strategic partnership loan originations in the current quarter, compared to $123.7 million in the prior year quarter. Credit loss provision was $27.7 million, compared to $20.6 million in the prior year quarter. The Company declared and paid a quarterly cash dividend of $0.12 per share. 2025 Full-Year Highlights Total net income attributable to stockholders for 2025 was $43.0 million, or $1.78 per share, up 20% compared to $35.9 million, or $1.52 per share, in the prior year. Net interest income grew 7% to $216.9 million from $202.5 million in the prior year. Net interest margin on gross loans was 8.06%, compared to 8.05% in the prior year, and net interest margin on net loans was 8.40%, compared to 8.35% in the prior year. Loan originations grew to $1.505 billion, compared to $1.043 billion in the prior year, and included $771.6 million of strategic partnership loan originations in the current year, compared to $203.6 million in the prior year. The loan portfolio, including loans held for sale, as of December 31, 2025 was $2.567 billion, up 3% from $2.491 billion a year ago. Credit loss provision was $89.8 million, compared to $76.5 million in the prior year. The Company repurchased 108,351 shares of common stock at an average cost of $9.10 per share in the year, for a total of $1.0 million. Net book value per share at the end of 2025 was $17.53 per share, up...