Medallion Bank operates as an industrial bank in the United States. The company operates through four segments: Recreation Lending, Home Improvement Lending, Medallion Lending, and Other. It provides consumer loans to purchase recreational vehicles, boats, horse and cargo trailers, and utility trailers. The company also offers financing for windows, siding, and roof replacement; swimming pool and solar system installation; kitchen, bath, and basement remodels; sunroom addition; patio, deck, and outdoor kitchen replacement; and other home improvement projects. It offers its products through the network of dealers, contractors, and financial service providers. The company was founded in 2002 and is headquartered in Salt Lake City, Utah. Medallion Bank is a subsidiary of Medallion Financial Corp.
IPO Year: 2019
Exchange: NASDAQ
Website: medallionbank.com
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). TriBeam Financial is a fintech company that provides a point-of-sale lending platform for residential solar equipment and home improvement loans in the U.S. through its large network of inst
Medallion Bank (NASDAQ:MBNKP) reported $44.30 million in sales this quarter. This is a 18.27 percent increase over sales of $37.46 million the same period last year.
Medallion Bank (NASDAQ:MBNKP) reported $44.64 million in sales this quarter. This is a 19.04 percent increase over sales of $37.50 million the same period last year.
Medallion Bank (NASDAQ:MBNKP, the &ldquo, Bank&rdquo, ))), 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 has entered into a definitive agreement with Covered Holdings to provide loans through the Covered Care patient financing program. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). Founded in 2020 and backed by investments from funds managed by affiliates of Fortress Investment Group and Westlake Financial, Covered Holdings has developed an industry-leading buy now, pay later financin
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). 2024 Third Quarter Highlights Net income of $15.5 million, compared to $17.2 million in the prior year quarter.Net interest income of $53.2 million, compared to $48.7 million in the prior year quarter.Net interest margin of 8.44%, compared to
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. "Adding Kashable to our growing s
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). 2024 Second Quarter Highlights Net income of $15.0 million, compared to $19.3 million in the prior year quarter.Net interest income of $50.2 million, compared to $47.0 million in the prior year quarter.Net interest margin of 8.55%, compared to 8.91% in the prior
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). 2024 First Quarter Highlights Net income of $14.5 million, compared to $21.4 million in the prior year quarter.Net interest income of $48.2 million with a net interest margin of 8.59%, compared to $44.3 million and 9.05% in the prior year quarter.Total provision fo
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). TriBeam Financial is a fintech company that provides a point-of-sale lending platform for residential solar equipment and home improvement
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). 2023 Fourth Quarter Highlights Net income of $21.9 million, compared to $19.7 million in the prior year quarter.Net interest income of $48.9 million with a net interest margin of 8.62%, compared to $44.4 million and 9.19%
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). 2023 Third Quarter Highlights Quarterly net income of $17.2 million, compared to $18.3 million in the prior year quarter.Net interest income of $48.7 million with a net interest margin of 8.7%, compared to $43.0 million and 9.3% in the prior year quarter.Total p
SALT LAKE CITY, July 27, 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 June 30, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2023 Second Quarter Highlights Quarterly net income of $19.3 million, compared to $17.9 million in the prior year quarter.Net interest income of $47.0 million with a net interest margin of 8.9%, compared to $40.0 million and 9.5% in the prior year quarter.Total p
SALT LAKE CITY, June 01, 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 offering loan products and services through fintech strategic partners, announced today it had entered into a definitive agreement with CreditWorks to provide loans through the Credit4Work! financial benefit program. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). CreditWorks, a certified women-owned consumer lender, has developed a unique credit-building program for individuals called "Credit4Work!". Credit4Work! is a financial wel
SALT LAKE CITY, April 28, 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 March 31, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2023 First Quarter Highlights Record quarterly net income of $21.4 million, compared to $18.8 million in the prior year quarter.Net interest income of $44.3 million with a net interest margin of 9.05%, compared to $37.2 million and 9.66% in the prior year quarter.P
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). 2024 Third Quarter Highlights Net income of $15.5 million, compared to $17.2 million in the prior year quarter.Net interest income of $53.2 million, compared to $48.7 million in the prior year quarter.Net interest margin of 8.44%, compared to
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). 2024 Second Quarter Highlights Net income of $15.0 million, compared to $19.3 million in the prior year quarter.Net interest income of $50.2 million, compared to $47.0 million in the prior year quarter.Net interest margin of 8.55%, compared to 8.91% in the prior
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). 2024 First Quarter Highlights Net income of $14.5 million, compared to $21.4 million in the prior year quarter.Net interest income of $48.2 million with a net interest margin of 8.59%, compared to $44.3 million and 9.05% in the prior year quarter.Total provision fo
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). 2023 Fourth Quarter Highlights Net income of $21.9 million, compared to $19.7 million in the prior year quarter.Net interest income of $48.9 million with a net interest margin of 8.62%, compared to $44.4 million and 9.19%
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). 2023 Third Quarter Highlights Quarterly net income of $17.2 million, compared to $18.3 million in the prior year quarter.Net interest income of $48.7 million with a net interest margin of 8.7%, compared to $43.0 million and 9.3% in the prior year quarter.Total p
SALT LAKE CITY, July 27, 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 June 30, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2023 Second Quarter Highlights Quarterly net income of $19.3 million, compared to $17.9 million in the prior year quarter.Net interest income of $47.0 million with a net interest margin of 8.9%, compared to $40.0 million and 9.5% in the prior year quarter.Total p
SALT LAKE CITY, April 28, 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 March 31, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2023 First Quarter Highlights Record quarterly net income of $21.4 million, compared to $18.8 million in the prior year quarter.Net interest income of $44.3 million with a net interest margin of 9.05%, compared to $37.2 million and 9.66% in the prior year quarter.P
SALT LAKE CITY, Jan. 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 and year ended December 31, 2022. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2022 Fourth Quarter Highlights Net income of $19.7 million, compared to net income of $19.0 million in the prior year quarter.Net interest income of $44.4 million with a net interest margin of 9.2%, compared to $37.3 million and 9.9% in the prior year qu
SALT LAKE CITY, Oct. 27, 2022 (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 period ended September 30, 2022. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2022 Third Quarter Highlights Net income of $18.3 million, compared to net income of $19.7 million in the prior year period.Net interest income of $43.0 million with a net interest margin of 9.3%, compared to $35.3 million and 10.1% in the prior year period.Annua
SALT LAKE CITY, July 27, 2022 (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 origination services to fintech strategic partners, announced today its results for the period ended June 30, 2022. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2022 Second Quarter Highlights Net income of $17.9 million, compared to net income of $17.5 million in the prior year period.Net interest income of $40.0 million with a net interest margin of 9.5%, compared to $33.1 million and 10.0% in the prior year per