Medallion Financial Corp., together with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxi medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance home improvements; commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and medallion loans. It also provides debt, mezzanine, and equity investment capital to companies in various industries. In addition, the company raises deposits and conducts other banking activities. Medallion Financial Corp. was founded in 1995 and is headquartered in New York City, New York.
IPO Year:
Exchange: NASDAQ
Website: medallion.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/3/2023 | Neutral | Ladenburg Thalmann | |
| 10/7/2022 | $10.00 | Buy | B. Riley Securities |
| 10/5/2022 | $11.00 → $9.00 | Outperform → Market Perform | Northland Capital |
NEW YORK, Oct. 29, 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, as well as offers loan products and services through fintech strategic partners, announced today its results for the quarter ended September 30, 2024. 2024 Third Quarter Highlights Net income was $8.6 million, or $0.37 per share, compared to $11.2 million, or $0.48 per share, in the prior year quarter.Net interest income grew 8% to $52.7 million from $48.8 million in the prior year quarter.Net interest margin on gross loans was 8.11%, compared to 8.35% in the prior
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
NEW YORK, Oct. 16, 2024 (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 September 30, 2024, after the market closes on Tuesday, October 29, 2024. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss the financial results will be held the next morning, October 30, 2024. How to Participate Date: Wednesday, October 30, 2024Time: 9:00 a.m. Eastern timeU.S. dial-in number: (833) 8
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
NEW YORK, Aug. 19, 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 it will participate in the upcoming Investor Summit 2024 Conference. Investor Summit 2024 Conference The Conference will take place virtually MFIN management will participate in a presentation on Tuesday, August 20 from 11:00 a.m. until 11:30 a.m. ETThe webcast can be found at - MFIN Presentation Link – Please allow time to formally register for the conference after clicki
NEW YORK, July 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 June 30, 2024. 2024 Second Quarter Highlights Net income was $7.1 million, or $0.30 per share, compared to $14.2 million, or $0.62 per share, in the prior year quarter.$2.3 million of cash was collected on taxi medallion-related assets, compared to $10.6 million of cash collected, in the prior year quarter.Net interest income grew 7% to $49
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
NEW YORK, July 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 results for the quarter ended June 30, 2024, after the market closes on Tuesday, July 30, 2024. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss the financial results will be held the next morning, July 31, 2024. How to Participate Date: Wednesday, July 31, 2024Time: 9:00 a.m. Eastern timeU.S. dial-in number: (833) 816-141
NEW YORK, June 25, 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 that it has completed a private placement of $17.5 million aggregate principal amount of senior unsecured notes to a certain institutional investor, by amending and restating its existing 9.00% senior notes due 2033. The notes now mature on June 30, 2039, and bear a fixed interest rate of 8.875% per year, paid semi-annually commencing June 30, 2024. The notes received an inve
Results Indicate that Shareholders have Decisively Elected Medallion's Director Nominees and Supported the Company's Approach to Executive Compensation – Both by an Extremely Wide Margin Over 80% of Votes Cast in Favor of Board's Nominees NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN) ("Medallion" or the "Company") today announced the preliminary results of the Company's 2024 Annual Meeting of Shareholders (the "Annual Meeting"). Based on a preliminary vote count provided by the Company's proxy solicitor, Medallion shareholders have elected the Company's director nominees, Robert M. Meyer and David L. Rudnick to the Board of Directors by an extremely
Ladenburg Thalmann initiated coverage of Medallion Fincl with a rating of Neutral
B. Riley Securities resumed coverage of Medallion Fincl with a rating of Buy and set a new price target of $10.00
Northland Capital downgraded Medallion Fincl from Outperform to Market Perform and set a new price target of $9.00 from $11.00 previously
B. Riley resumed coverage of Medallion Financial with a rating of Buy and set a new price target of $10.00 from $8.00 previously
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NEW YORK, May 28, 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, today announced that it is set to join the broad-market Russell 3000 Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, according to a preliminary list of additions posted Friday, May 24. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking
Authorizes Stock Repurchase Program of $35 Million Appoints Brent O. Hatch as New Independent Director and Lead Independent Director Will Engage Third Party Executive Search Firm to Assist in Search Process for an Additional Independent Director Reaches Cooperation Agreement with KORR Value, L.P. NEW YORK, May 02, 2022 (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 origination services to fintech strategic partners, today announced the Board has authorized a new stock repurchase program of $35 million. In co
Contends Abysmal Governance, Apparent Conflicts and Questionable Insider Dealings Have Caused Shares to Trade at a Punishing Discount to Book Value – Despite Record Earnings Fears the Company Will Perpetually Trade at a "Bad Governance Discount" and Remain Uninvestable to Many Institutional Investors Until There is Governance and Strategic Change Urges Independent Directors to Honor Their Fiduciary Duties to ALL Shareholders by Facilitating Sorely-Needed Governance Improvements and Exploring Strategic Alternatives KORR Value, L.P., which together with its affiliates owns approximately 5.7% of the outstanding common shares of Medallion Financial Corp. (NASDAQ:MFIN) (the "Company"), today
Issues Letter to Members of Board Expresses Deep Concerns With SEC Lawsuit Alleging Fraud Perpetrated by Medallion Financial and President Andrew Murstein to Boost Stock Price Calls on Board to Take Immediate Steps to Protect Interests of All Shareholders NEW YORK, Jan. 03, 2022 (GLOBE NEWSWIRE) -- KORR Value, L.P. ("KORR"), the largest unaffiliated shareholder of Medallion Financial Corp. (NASDAQ:MFIN) ("Medallion Financial" or the "Company"), owning together with its affiliates approximately 5.6% of the outstanding shares of common stock, has nominated two highly qualified director candidates for election to the Board of Directors (the "Board") of Medallion Financial at the 2022 annua
NEW YORK, Oct. 29, 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, as well as offers loan products and services through fintech strategic partners, announced today its results for the quarter ended September 30, 2024. 2024 Third Quarter Highlights Net income was $8.6 million, or $0.37 per share, compared to $11.2 million, or $0.48 per share, in the prior year quarter.Net interest income grew 8% to $52.7 million from $48.8 million in the prior year quarter.Net interest margin on gross loans was 8.11%, compared to 8.35% in the prior
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
NEW YORK, Oct. 16, 2024 (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 September 30, 2024, after the market closes on Tuesday, October 29, 2024. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss the financial results will be held the next morning, October 30, 2024. How to Participate Date: Wednesday, October 30, 2024Time: 9:00 a.m. Eastern timeU.S. dial-in number: (833) 8
NEW YORK, July 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 June 30, 2024. 2024 Second Quarter Highlights Net income was $7.1 million, or $0.30 per share, compared to $14.2 million, or $0.62 per share, in the prior year quarter.$2.3 million of cash was collected on taxi medallion-related assets, compared to $10.6 million of cash collected, in the prior year quarter.Net interest income grew 7% to $49
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
NEW YORK, July 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 results for the quarter ended June 30, 2024, after the market closes on Tuesday, July 30, 2024. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss the financial results will be held the next morning, July 31, 2024. How to Participate Date: Wednesday, July 31, 2024Time: 9:00 a.m. Eastern timeU.S. dial-in number: (833) 816-141
NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN) ("Medallion" or the "Company") today announced that leading independent proxy advisory firm Institutional Shareholder Services ("ISS") has recommended that Medallion shareholders vote on the BLUE proxy card "FOR" ONLY the two incumbent candidates nominated by the Board of Directors, Robert M. Meyer and David L. Rudnick and "FOR" the advisory vote on the compensation of the Company's named executive officers in connection with the Company's 2024 Annual Meeting of Shareholders (the "Annual Meeting"). The Annual Meeting will be held on June 11, 2024. In its report issued on May 24, 2024, ISS noted: "The compa
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. 2024 First Quarter Highlights Net income was $10.0 million, or $0.42 per share, compared to $15.4 million, or $0.67 per share, in the prior year quarter.$3.1 million of cash was collected on taxi medallion-related assets, with recoveries resulting in earnings of $0.04 per share compared to $13.2 million of cash collecte
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
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. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss the financial results will be held the next morning, May 1, 2024. How to Participate Date: Wednesday, May 1, 2024Time: 9:00 a.m. Eastern time
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Stock price is down 20% YTD and management continues to be rewarded at the expense of stockholders.High executive compensation does not align with core business performance.ZimCal sends letter to stockholders highlighting egregious compensation.Updated "5 Steps to Improvement" white paper to unlock value at Medallion Financial Corp. posted to www.restoretheshine.com/5-stepsZimCal Asset Management, LLC, and its affiliates BIMIZCI Fund LLC, Warnke Investments LLC and Stephen Hodges (collectively "ZimCal") is one of the largest investors in Medallion Financial Corp. (the "Company" or "MFIN"), has over $15.58 million in debt and equity investment exposure and has been invested in MFIN for over 3
Medallion Finl (NASDAQ:MFIN) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.39 by 7.69 percent. This is a 37.31 percent decrease over earnings of $0.67 per share from the same period last year. The company reported quarterly sales of $53.320 million which beat the analyst consensus estimate of $49.702 million by 7.28 percent. This is a 16.71 percent increase over sales of $45.686 million the same period last year.
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 Finl (NASDAQ:MFIN) reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:01 PM. Here's what investors need to know about the announcement. Earnings Medallion Finl missed estimated earnings by 4.76%, reporting an EPS of $0.6 versus an estimate of $0.63. Revenue was up $7.55 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.03 which was followed by a 12.15% increase in the share price the next day. Here's a look at Medallion Finl's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.45 0.36 0.30 0.30 EPS Actual 0.48 0.62 0.67 0.57 Revenue Estimate 48.51M 44.65M 39.30M 42.51M Re
Medallion Finl (NASDAQ:MFIN) reported quarterly earnings of $0.60 per share which missed the analyst consensus estimate of $0.63 by 4.76 percent. The company reported quarterly sales of $52.01 million which beat the analyst consensus estimate of $49.89 million by 4.24 percent. This is a 16.98 percent increase over sales of $44.46 million the same period last year.
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Medallion Finl (NASDAQ:MFIN) is set to give its latest quarterly earnings report on Tuesday, 2024-02-20. Here's what investors need to know before the announcement. Analysts estimate that Medallion Finl will report an earnings per share (EPS) of $0.63. Medallion Finl bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.03, which was followed by a 12.15% increase in the
What Defines a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the financial services sector: WSFS Financial (NASDAQ:WSFS) - P/E: 9.59 Medallion Finl (NASDAQ:MFIN) - P/E: 4.24 SB Finl Gr (NASDAQ:SBFG) - P/E: 9.02 Citigroup (NYSE:C) - P/E: 8.42 X Financial (NYSE:XYF) - P/E: 1.14 WSFS Financial