Quarterly ResultJul 29, 2026, 04:14 PM
Medallion Financial Q2 Net Income $7.4M; Record Assets >$3.0B
AI Summary
Medallion Financial Corp. announced its second quarter 2026 financial results, reporting net income attributable to stockholders of $7.4 million, or $0.31 per share. The company achieved record total assets exceeding $3.0 billion and saw a significant 63% increase in loan originations to $611.6 million. Net interest income grew 7% to $57.2 million, and net book value per share rose to $17.62. The company also declared a quarterly cash dividend of $0.14 per share and repurchased 779,799 shares for $7.7 million.
Key Highlights
- Net income attributable to stockholders was $7.4 million ($0.31 per share) for Q2 2026.
- Total assets surpassed $3.0 billion for the first time in company history.
- Loan originations increased 63% to $611.6 million in Q2 2026.
- Net interest income grew 7% to $57.2 million from $53.4 million in the prior year quarter.
- Net book value per share was $17.62 at June 30, 2026, up from $16.77 a year ago.
- The company declared and paid a quarterly cash dividend of $0.14 per share.
- Repurchased 779,799 shares for $7.7 million at an average cost of $9.85 per share.
- Recreation loan originations grew 63.0% to $228.5 million.
Price Impact
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