---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-130388"
form_type: "8-K"
ticker: "MFIN"
cik: "0001000209"
company_name: "MEDALLION FINANCIAL CORP"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T04:31:45.184557+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Medallion Financial Q1 net income $15.4M ($0.67 EPS) vs $9.8M; chairman CEO term to expire 2027

## Summary
- Net income $15.4M ($0.67 EPS) vs $9.8M ($0.39); net interest income up 21% to $43.6M.
- Loan originations $227.3M, up 6%; consumer loans grew 20% YoY to $2.4B total assets.
- Medallion recoveries $13.2M contributed $0.28 EPS; credit loss provision $4.0M vs $3.2M.
- Chairman/CEO Alvin Murstein not renewing term, CEO expires May 28, 2027; President Andrew Murstein term extended to same date.
- Quarterly dividend $0.08/share payable May 31; $20M remaining in $40M buyback program.

## SEC filing metadata
- accession: 0001193125-23-130388
- form_type: 8-K
- ticker: MFIN
- cik: 0001000209
- company_name: MEDALLION FINANCIAL CORP
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000209/000119312523130388/0001193125-23-130388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000209/000119312523130388/d504278d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-130388
- JSON: https://secwatch.observer/filing/0001193125-23-130388.json
- Plain text: https://secwatch.observer/filing/0001193125-23-130388.txt

## Key facts
- Earnings Releases
  MEDALLION FINANCIAL CORP reported quarter ended March 31, 2023 results: net income $15.4 million, EPS $0.67 per share.
  - Period: quarter ended March 31, 2023
  - Net income: $15.4 million
  - EPS: $0.67 per share
  - Result: reported results
  source text: Medallion Financial Corp. (NASDAQ: MFIN, “Medallion” or the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, announced today its results for the quarter ended March 31, 2023. 2023 First Quarter Highlights • Net income was $15.4 million, or $0.67 per share, compared to $9.8 million, or $0.39 per share, in the prior year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000209/000119312523130388/0001193125-23-130388-index.htm
- Executive change
  Alvin Murstein departed as Chief Executive Officer and Chairman of the Board at MEDALLION FINANCIAL CORP.
  - Action: not renewing
  - Role: Chief Executive Officer and Chairman of the Board
  source text: Mr. Alvin Murstein, the Company’s Chairman of the Board and Chief Executive Officer, notified the Company of his election not to renew the term of his employment
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000209/000119312523130388/0001193125-23-130388-index.htm

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