Loading...
•
Jun 30, 2023
Medallion Q2 2023 Earnings Report
Medallion Financial Corp. reported strong second quarter results driven by net interest income growth and cash collections on taxi medallion-related assets.
Key Takeaways
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.
Net income was $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 from $38.9 million in the prior year quarter.
Loan originations were $346 million, compared to $305 million in the prior year quarter.
Total assets grew to an all-time high of $2.5 billion at June 30, 2023, a 19% increase over June 30, 2022.
Forward Guidance
The Company did not provide specific forward guidance in the earnings report.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...