---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-126892"
form_type: "8-K"
ticker: "MFIN"
cik: "0001000209"
company_name: "MEDALLION FINANCIAL CORP"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T05:59:21.731009+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Medallion Bank reports record Q1 net income $21.4M; loan portfolio up 26.4% YoY

## Summary
- Record net income of $21.4M vs. $18.8M in Q1 2022, driven by loan growth and medallion recoveries.
- Net interest income $44.3M (NIM 9.05%), compared to $37.2M (9.66%) in prior year quarter.
- Total loan portfolio grew 26.4% to $1.9B; recreation loans up 20.5%, home improvement up 41.4%.
- Annualized net charge-offs rose to 2.5% from 0.7%, partly due to CECL adoption and $2.5M bankruptcy charge-offs.
- Declared Series F preferred dividend $0.50/share payable July 3, 2023 to holders of record June 15.

## SEC filing metadata
- accession: 0001193125-23-126892
- form_type: 8-K
- ticker: MFIN
- cik: 0001000209
- company_name: MEDALLION FINANCIAL CORP
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000209/000119312523126892/0001193125-23-126892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000209/000119312523126892/d450960d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-126892
- JSON: https://secwatch.observer/filing/0001193125-23-126892.json
- Plain text: https://secwatch.observer/filing/0001193125-23-126892.txt

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