Medallion Q2 2023 Earnings Report
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.
Medallion
Medallion
Forward Guidance
The Company did not provide specific forward guidance in the earnings report.