Medallion Financial Q3 net income falls to $7.6M from $15.9M; originations up 40%

MEDALLION FINANCIAL CORP

2022-Q3 EPS reported $1.26

Net income $7.6M ($0.32 diluted EPS) vs $15.9M ($0.64) a year ago; loan loss provision $10.0M vs benefit of $0.3M.
Net interest income grew 23% to $42.0M; net interest margin narrowed to 8.91% from 9.48%.
Consumer loan originations up 33% to $249.6M; recreation loans +25%, home improvement +44% YoY.
Commercial segment incurred $3.2M in provisions and equity losses; medallion exposure declined to $27.6M.
Company repurchased 1.05M shares for $8.2M; declared $0.08 quarterly dividend payable Nov 30.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MEDALLION FINANCIAL CORP reported the quarter ended September 30, 2022 results: net income $7.6 million, or $0.32 per share, EPS $0.32 per share.

Period: the quarter ended September 30, 2022
Net income: $7.6 million, or $0.32 per share
EPS: $0.32 per share
Result: reported results

Exact text from the filing

Medallion Financial Corp. (the “Company”), issued a press release to the news media announcing, among other things, the Company’s results for the quarter ended September 30, 2022.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

MEDALLION FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-22-270968

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.