Medallion Financial Corp. announced its Q4 2024 results, featuring a 69% increase in loan originations but a decrease in net income due to lower taxi medallion recoveries and increased credit loss provisions. The company's net interest income grew, and the board increased the quarterly dividend by 10%.

Medallion Financial Corp. reported a net income of $8.6 million, or $0.37 per share, for the third quarter of 2024. Net interest income grew by 8% to $52.7 million, driven by loan originations of $275.6 million. The company's strategic partnership program at Medallion Bank achieved its highest volume quarter ever, with $40 million in new loans.

Medallion Financial Corp. reported a solid second quarter with a net income of $7.1 million, or $0.30 per share. Net interest income grew 7% to $49.9 million. Loan originations were $309.1 million, and loans grew 11% to $2.4 billion.

Medallion Financial Corp. reported a net income of $10.0 million, or $0.42 per share, for the quarter ended March 31, 2024. Net interest income grew by 10% to $47.9 million. Loan originations were $173.1 million and loans grew 12% to $2.2 billion.

Medallion Financial Corp. reported a net income of $14.3 million, or $0.60 per share, for the fourth quarter of 2023, compared to $13.1 million, or $0.57 per share, in the prior year quarter. Net interest income grew 12% to $49.0 million. The board of directors increased the quarterly dividend 25% to $0.10 per share.

Medallion Financial Corp. reported a strong third quarter with net income of $11.2 million, or $0.48 per share, compared to $7.6 million, or $0.32 per share, in the prior year quarter. Net interest income grew 16% to $48.8 million. Total assets grew to an all-time high of $2.6 billion.

Medallion Financial Corp. announced its second quarter results with a net income of $14.2 million, or $0.62 per share, compared to $13.3 million, or $0.54 per share, in the prior year quarter. Net interest income grew 20% to $46.7 million. Loan originations were $346 million. Total assets grew to $2.5 billion.

Medallion Financial Corp. reported a strong first quarter with net income of $15.4 million, or $0.67 per share, driven by growth in the consumer loan portfolio and medallion loan recoveries. Loan originations increased to $227.3 million, and total assets grew by 20% year-over-year.

Medallion Financial Corp. reported a net income of $13.1 million, or $0.57 per share, for the fourth quarter of 2022. Net interest income increased by 22% to $43.6 million. The company declared a quarterly cash dividend of $0.08 per share and repurchased 257,231 shares of its common stock.

Medallion Financial Corp. reported a net income of $7.6 million, or $0.32 per share, for the quarter ended September 30, 2022. Loan originations increased by 40% and net interest income grew by 23%.

Medallion Financial Corp. reported a strong second quarter with net income growing by 30% to $13.3 million and loan originations increasing by 45% to $305.0 million. Total assets exceeded $2 billion for the first time, reaching $2.1 billion.

Medallion Financial Corp. reported a strong first quarter in 2022, with net income increasing by 17% to $9.8 million, and loan originations rising by 44% to $213.7 million. The consumer loan portfolio reached $1.5 billion, with recreation loans exceeding $1 billion for the first time. The company also reinstated its quarterly dividend and resumed stock repurchases.

Medallion Financial Corp. reported a strong fourth quarter and record full-year results, driven by consumer and commercial lending segments. Net income for the quarter was $19.5 million, or $0.78 per share, compared to $6.5 million, or $0.26 per share, in the prior year quarter. The company's Board of Directors reinstated the quarterly dividend for the first time in over five years.

Medallion Financial Corp. reported a net income of $15.9 million, or $0.64 per share, for the third quarter of 2021, compared to a net loss of $23.6 million, or $0.97 per share, in the prior year quarter. Loan originations increased 43% to $195.8 million. The company is focusing on growing its consumer and commercial lending businesses.

Medallion Financial Corp. reported a net income of $10.3 million, or $0.41 per share, a significant improvement compared to the net loss of $4.0 million in the prior year quarter. Medallion Bank's net income reached a record $17.5 million, and the consumer and commercial lending segments saw increased net income. The company is focused on investing in its consumer business and minimizing its risk profile.

Medallion Financial Corp. reported a net income of $8.4 million for the first quarter of 2021, a significant improvement compared to the net loss of $13.6 million in the same quarter of the previous year. The company experienced growth in its consumer lending segments and an increase in net interest income, driven by the performance of these segments. Additionally, consumer originations increased by 37% compared to the prior year quarter.

Medallion Financial Corp. reported a net income of $6.5 million, or $0.26 per share, for the fourth quarter of 2020, compared to a net loss of $0.5 million, or $0.02 per share, in the prior year quarter. Net interest income increased by 7.1% to $28.5 million, and net income from consumer and commercial lending segments rose by 97% to $14.2 million. Medallion Bank's Tier 1 leverage ratio stood at 16.93% at quarter-end, with total assets at $1.6 billion.

Medallion Financial Corp. reported a net loss of $23.6 million for the third quarter of 2020, primarily due to losses in the medallion segment impacted by COVID-19. However, the consumer and commercial lending segments saw record net income, and total assets remained strong at $1.6 billion.

Medallion Financial Corp. reported a net loss of $4.0 million, or $0.16 per share, for the second quarter of 2020. However, net interest income increased by 16% year-over-year, driven by the consumer lending segments. Consumer loan originations reached an all-time high, and the consumer loan portfolio surpassed $1.0 billion.

Medallion Financial Corp. reported a net loss of $13.6 million, or $0.56 per share, for the first quarter of 2020, compared to a net income of $1.2 million, or $0.05 per share, in the prior year period. The net loss was primarily due to COVID-19-related loan loss provisions, non-cash NYC taxi medallion value write-downs, and a non-cash write-off of a legacy non-core portfolio company. However, net interest income increased by 19% to $26.5 million, primarily reflecting the consumer lending segments.

Medallion Financial Corp. reported a net income of $2.8 million, or $0.11 per share, for the fourth quarter of 2019. Net interest income was $26.6 million, and the net interest margin was 8.82%. Total assets were $1.55 billion as of December 31, 2019.