Quarterly ResultApr 29, 2026, 04:08 PM
MFIN Q1 Net Interest Income +5% to $54.1M; Loan Originations +34%; Dividend +17%
AI Summary
Medallion Financial Corp. (MFIN) reported Q1 2026 financial results, with net income attributable to stockholders at $5.0 million ($0.20 per share), down from $12.0 million ($0.50 per share) in the prior year, primarily due to a lower gain on equity investments. The company saw strong operational growth, with net interest income increasing 5% to $54.1 million and total loan originations growing 34% to $376.9 million. The Board of Directors subsequently increased the quarterly cash dividend by 17% to $0.14 per share, reflecting confidence in continued business momentum and growth across lending segments.
Key Highlights
- Board increased quarterly cash dividend to $0.14 per share, up from $0.12.
- Net interest income grew 5% to $54.1 million from $51.4 million YoY.
- Total loan originations increased 34% to $376.9 million from $281.6 million YoY.
- Net income attributable to stockholders was $5.0 million ($0.20/share) vs $12.0 million ($0.50/share) YoY.
- Loan portfolio expanded 5% to a record $2.618 billion.
- Recreation lending originations grew 64% to $142.5 million.
- Net book value per share increased to $17.10 from $16.36 a year ago.