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Mar 31, 2022
Medallion Q1 2022 Earnings Report
Reported strong first quarter results with increased net income and loan originations.
Key Takeaways
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.
Net income grew 17% to $9.8 million, or $0.39 per share.
Net interest income increased 25% to $35.9 million.
Loan originations rose 44% to $213.7 million.
Recreation loan portfolio exceeded $1 billion for the first time.
Medallion
Medallion
Medallion Revenue by Segment
Revenue by Segment
Consumer Lending Revenue
CapyFin.comCommercial Lending Revenue
CapyFin.com Forward Guidance
Medallion Financial Corp. did not provide specific forward guidance in the press release. The release focuses on historical performance and recent strategic decisions.