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Dec 31, 2023
Medallion Q4 2023 Earnings Report
Medallion Financial Corp. reported increased net income and net interest income for Q4 2023.
Key Takeaways
Medallion Financial Corp. reported a net income of $14.3 million, or $0.60 per share, for the fourth quarter of 2023, compared to $13.1 million, or $0.57 per share, in the prior year quarter. Net interest income grew 12% to $49.0 million. The board of directors increased the quarterly dividend 25% to $0.10 per share.
Net income increased to $14.3 million, or $0.60 per share.
Net interest income grew 12% to $49.0 million.
Loan originations were $169.1 million.
Quarterly dividend increased 25% to $0.10 per share.
Medallion
Medallion
Forward Guidance
The Company will host a conference call to discuss its fourth quarter and full-year financial results tomorrow, Wednesday, February 21, 2024, at 9:00 a.m. Eastern time.