---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-087839"
form_type: "8-K"
ticker: "MFIN"
cik: "0001000209"
company_name: "MEDALLION FINANCIAL CORP"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T14:48:03.211467+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Medallion Financial Q2 net income falls to $7.1M ($0.30/share) from $14.2M; NII hits record $49.9M

## Summary
- Net income $7.1M ($0.30 diluted EPS) vs $14.2M ($0.62) prior year; credit loss provision rose to $18.6M from $8.5M.
- Net interest income record $49.9M, up 7% YoY; net interest margin on net loans 8.42% vs 8.77%.
- Recreation loan originations $209.6M (+10% YoY); home improvement originations $68.0M (-42% YoY).
- Total loans grew 11% to $2.4B; recreation segment 63% of portfolio, up from 62% a year ago.
- Repurchased 183,900 shares at avg $8.24; quarterly dividend maintained at $0.10 per share.

## SEC filing metadata
- accession: 0000950170-24-087839
- form_type: 8-K
- ticker: MFIN
- cik: 0001000209
- company_name: MEDALLION FINANCIAL CORP
- filed_at: 2024-07-30T23:59:59+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/1000209/000095017024087839/0000950170-24-087839-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000209/000095017024087839/mfin-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-087839
- JSON: https://secwatch.observer/filing/0000950170-24-087839.json
- Plain text: https://secwatch.observer/filing/0000950170-24-087839.txt

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