{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-050529","form_type":"8-K","ticker":"MFIN","cik":"0001000209","company_name":"MEDALLION FINANCIAL CORP","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.776658+00:00","generated_at":"2026-06-01T20:49:40.850516+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Medallion Financial Q1 EPS $0.42 vs $0.67; credit provision soars to $17.2M from $4.0M","bullets":["Net income $10.0M ($0.42 diluted EPS) vs $15.4M ($0.67) in Q1 2023, down 35%.","Net interest income grew 10% to $47.9M from $43.6M; net interest margin on net loans 8.39%.","Credit loss provision increased to $17.2M from $4.0M, driven by consumer lending seasonality and lower medallion recoveries.","Loan originations declined to $173.1M from $227.3M; total loans grew 12% to $2.2B.","Declared quarterly dividend $0.10/share; repurchased 264,160 shares for $2.1M."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-050529","json":"https://secwatch.observer/filing/0000950170-24-050529.json","markdown":"https://secwatch.observer/filing/0000950170-24-050529.md","text":"https://secwatch.observer/filing/0000950170-24-050529.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1000209/000095017024050529/0000950170-24-050529-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1000209/000095017024050529/mfin-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T20:49:40.850516+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a15e34c11552e86d1a06b02f4f1cb6e6cb219c0d","claim":"MEDALLION FINANCIAL CORP reported quarter ended March 31, 2024 results: net income $10.0 million, EPS $0.42 per share.","evidence_excerpt":"announced today its results for the quarter ended March 31, 2024. 2024 First Quarter Highlights • Net income was $10.0 million, or $0.42 per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000209/000095017024050529/0000950170-24-050529-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended March 31, 2024"},{"label":"Net income","value":"$10.0 million"},{"label":"EPS","value":"$0.42 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}