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Sep 30, 2022
Medallion Q3 2022 Earnings Report
Medallion Financial Corp.'s third quarter results driven by growth in consumer lending businesses.
Key Takeaways
Medallion Financial Corp. reported a net income of $7.6 million, or $0.32 per share, for the quarter ended September 30, 2022. Loan originations increased by 40% and net interest income grew by 23%.
Net income was $7.6 million, or $0.32 per share.
Net interest income grew 23% to $42.0 million.
Loan originations increased 40% to $273.7 million.
The Company repurchased 1,053,870 shares of its common stock during the quarter for $8.2 million.
Medallion
Medallion
Medallion Revenue by Segment
Revenue by Segment
Consumer Lending Revenue
CapyFin.comCommercial Lending Revenue
CapyFin.com Forward Guidance
The company's financial results are expected to continue to be driven by growth in its consumer lending businesses, and the team is navigating the rising interest rate environment well.