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Sep 30, 2021
Medallion Q3 2021 Earnings Report
Achieved record performances across the board and are well-positioned to continue growth.
Key Takeaways
Medallion Financial Corp. reported a net income of $15.9 million, or $0.64 per share, for the third quarter of 2021, compared to a net loss of $23.6 million, or $0.97 per share, in the prior year quarter. Loan originations increased 43% to $195.8 million. The company is focusing on growing its consumer and commercial lending businesses.
Net income of $15.9 million, or $0.64 per share, compared to a net loss of $23.6 million, or $0.97 per share, in the prior year quarter.
Net interest income grew 17% to $34.1 million from $29.1 million in the prior year quarter.
Net interest margin was 9.48%, compared to 8.72% in the prior year quarter.
Loan originations increased 43% to $195.8 million, as compared to the prior year quarter.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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