Medallion reports Q3 net income $15.9M ($0.64/sh) vs loss year ago; CFO retiring

MEDALLION FINANCIAL CORP

2021-Q3 EPS reported $1.39

Net income of $15.9M ($0.64 per share) vs net loss of $23.6M ($0.97) in prior year quarter.
Net interest income grew 17% to $34.1M; net interest margin 9.48% vs 8.72% prior year.
Loan originations increased 43% to $195.8M; consumer loan portfolio $1.3B, up from $1.1B a year ago.
CFO Larry Hall retiring Dec 31, 2021; Anthony Cutrone appointed EVP and CFO effective Jan 1, 2022.
Net charge-offs near all-time lows; 90+ day delinquencies 0.29% of loans.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Larry D. Hall

Senior Vice President and Chief Financial Officer

MFIN · MEDALLION FINANCIAL CORP

Effective: 2021-12-31
Successor: Anthony N. Cutrone
Filed: November 1, 2021, 7:59 PM ET

Larry D. Hall notified the Company of his intention to retire from his positions as Senior Vice President and Chief Financial Officer of the Company, effective December 31, 2021.

Appointed

Anthony N. Cutrone

Executive Vice President and Chief Financial Officer

MFIN · MEDALLION FINANCIAL CORP

Effective: 2022-01-01
Filed: November 1, 2021, 7:59 PM ET

the Board of Directors of the Company appointed Anthony N. Cutrone to succeed Larry D. Hall and serve as the Executive Vice President and Chief Financial Officer of the Company, effective January 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Larry D. Hall retired as Senior Vice President and Chief Financial Officer at MEDALLION FINANCIAL CORP.

Action: retired
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

Larry D. Hall notified the Company of his intention to retire from his positions as Senior Vice President and Chief Financial Officer of the Company, effective December 31, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Anthony N. Cutrone was appointed as Executive Vice President and Chief Financial Officer at MEDALLION FINANCIAL CORP.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

the Board of Directors of the Company appointed Anthony N. Cutrone to succeed Larry D. Hall and serve as the Executive Vice President and Chief Financial Officer of the Company, effective January 1, 2022.

View on SEC.gov

MEDALLION FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-21-315521

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