---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-008864"
form_type: "8-K"
ticker: "MFIN"
cik: "0001000209"
company_name: "MEDALLION FINANCIAL CORP"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T14:34:36.738356+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Medallion Bank reports record Q4 net income $21.9M, full-year $79.9M; loan portfolio grows 15%

## Summary
- Q4 net income $21.9M vs $19.7M prior year; full-year net income $79.9M vs $74.6M in 2022.
- Net interest margin 8.62% for Q4 (down from 9.19%); total loan portfolio grew 15% to $2.1B.
- Recreation loan portfolio $1.336B (+13%); annualized net charge-offs 4.2% (up from 2.4%).
- Home improvement loan portfolio $760.6M (+21%); annualized net charge-offs 1.7% (up from 1.1%).
- Medallion loan recoveries $12.0M in Q4 reduced provision by 226 bps; declared Series F preferred dividend $0.50/share payable Apr 1.

## SEC filing metadata
- accession: 0000950170-24-008864
- form_type: 8-K
- ticker: MFIN
- cik: 0001000209
- company_name: MEDALLION FINANCIAL CORP
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000209/000095017024008864/0000950170-24-008864-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000209/000095017024008864/mfin-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-008864
- JSON: https://secwatch.observer/filing/0000950170-24-008864.json
- Plain text: https://secwatch.observer/filing/0000950170-24-008864.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.