
Quarterly ResultJul 29, 2026, 04:09 PM
Medallion Financial Q2 Net Income $7.4M, EPS $0.31; Assets Top $3.0B
AI Summary
Medallion Financial Corp. announced its second quarter 2026 financial results, reporting total net income attributable to stockholders of $7.4 million, or $0.31 per share, a decrease from $11.1 million in the prior year, primarily due to a lower gain on equity investments. Despite this, the company achieved record total assets exceeding $3.0 billion, with net interest income growing 7% to $57.2 million and loan originations increasing 63% to $611.6 million. Medallion also declared a quarterly cash dividend of $0.14 per share and repurchased 779,799 shares of its common stock.
Key Highlights
- Total net income attributable to stockholders was $7.4 million, or $0.31 per share.
- Total assets exceeded $3.0 billion for the first time in company history.
- Net interest income grew 7% to $57.2 million.
- Loan originations increased 63% to $611.6 million.
- Net book value per share rose to $17.62.
- Declared a quarterly cash dividend of $0.14 per share.
- Repurchased 779,799 shares of common stock for $7.7 million.
- Gain on equity investments decreased to $0.2 million from $6.1 million in prior year.
Price Impact
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