---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-118226"
form_type: "8-K"
ticker: "MFIN"
cik: "0001000209"
company_name: "MEDALLION FINANCIAL CORP"
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-29T16:02:09.678067+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Medallion Financial Q3 net income down 23% YoY; dividend raised 10%

## Summary
- Net income $8.6M ($0.37 EPS) vs $11.2M ($0.48 EPS) in Q3 2023.
- Net interest income up 8% to $52.7M; loan originations $275.6M, up 27% YoY.
- Credit loss provision increased to $20.2M from $14.5M, driven by consumer loan growth.
- Quarterly dividend raised 10% to $0.11/share, payable Nov 27 to holders of record Nov 15.
- Recreation loans grew 15% to $1.6B; home improvement loans up 8% to $814.1M.

## SEC filing metadata
- accession: 0000950170-24-118226
- form_type: 8-K
- ticker: MFIN
- cik: 0001000209
- company_name: MEDALLION FINANCIAL CORP
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000209/000095017024118226/0000950170-24-118226-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000209/000095017024118226/mfin-20241029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-118226
- JSON: https://secwatch.observer/filing/0000950170-24-118226.json
- Plain text: https://secwatch.observer/filing/0000950170-24-118226.txt

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