secwatch.observer — SEC 8-K summary
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Issuer:     MEDALLION FINANCIAL CORP (MFIN)
CIK:        0001000209
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0000950170-24-017082
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000209/000095017024017082/0000950170-24-017082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000209/000095017024017082/mfin-20240220.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-017082

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