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.