Medallion Q4 net income $14.3M ($0.60/sh); dividend raised 25% to $0.10

MEDALLION FINANCIAL CORP

2023-FY EPS reported $2.37

Full-year net income $55.1M ($2.37/sh), record annual EPS; prior year $43.8M ($1.83/sh).
Net interest income grew 12% QoQ to $49.0M; full-year up 17% to $188.1M.
Board increased quarterly dividend 25% to $0.10/share, payable March 28, 2024, record March 15.
Recreation loans 13% YoY to $1.3B; home improvement loans 21% YoY to $760.6M.
Taxi medallion cash recoveries $16.2M in Q4, $45.2M full-year; net medallion assets down 51%.

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