Medallion Bank reports record Q4 net income of $19.7M; loan portfolio grows 28.8% to $1.8B

MEDALLION FINANCIAL CORP

2022-FY EPS reported $1.83

Q4 net income $19.7M vs $19.0M prior year; full-year record net income $74.6M vs $70.0M in 2021.
Net interest income Q4 $44.4M (NIM 9.2%) vs $37.3M (9.9%); full-year $164.6M (9.4%) vs $136.8M (10.0%).
Provision for loan losses Q4 $8.4M vs $1.6M; full-year $24.7M vs $3.7M; annualized net charge-offs Q4 1.7% vs 0.3%.
Recreation loans up 22.6% to $1.2B; home improvement loans up 43.4% to $626.4M as of Dec 31, 2022.
Adopted CECL on Jan 1, 2023; $11.6M increase in allowance; declared $0.50 Series F preferred dividend payable April 3.

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.