secwatch.observer — SEC 8-K summary
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Issuer:     MEDALLION FINANCIAL CORP (MFIN)
CIK:        0001000209
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001193125-21-315521
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000209/000119312521315521/0001193125-21-315521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000209/000119312521315521/d218197d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-315521

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