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Jun 30, 2022
Medallion Q2 2022 Earnings Report
Net income increased and loan originations grew, driven by consumer and commercial lending businesses.
Key Takeaways
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.
Net income grew 30% to $13.3 million, or $0.54 per share.
Net interest income grew 32% to $38.9 million.
Loan originations increased 45% to $305.0 million.
Total assets exceeded $2 billion, ending the quarter at $2.1 billion.
Revenue by Segment
Forward Guidance
The company did not provide forward guidance in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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