---
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"
generated_at: "2026-06-01T20:49:40.850516+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Medallion Financial Q1 EPS $0.42 vs $0.67; credit provision soars to $17.2M from $4.0M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-050529
- JSON: https://secwatch.observer/filing/0000950170-24-050529.json
- Plain text: https://secwatch.observer/filing/0000950170-24-050529.txt

## Key facts
- Earnings Releases
  MEDALLION FINANCIAL CORP reported quarter ended March 31, 2024 results: net income $10.0 million, EPS $0.42 per share.
  - Period: quarter ended March 31, 2024
  - Net income: $10.0 million
  - EPS: $0.42 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1000209/000095017024050529/0000950170-24-050529-index.htm

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