Medallion Financial Q2 net income rises to $14.2M ($0.62/sh); net interest income up 20%

MEDALLION FINANCIAL CORP

2023-Q2 EPS reported $1.29

Net income $14.2M ($0.62 EPS) vs $13.3M ($0.54) a year ago; net interest income grew 20% to $46.7M.
Total assets hit record $2.5B, up 19% YoY; loan portfolio exceeded $2B for first time.
Loan originations $346M vs $305M; recreation lending $190M, home improvement $117M.
Credit loss provision increased to $8.5M from $7.8M; net interest margin on net loans 8.77% vs 9.07%.
Declared quarterly cash dividend of $0.08/share payable Aug 31, record Aug 15; medallion assets fell to $17.7M.

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 0.92

MEDALLION FINANCIAL CORP reported the quarter ended June 30, 2023 results: net income $14.2 million, or $0.62 per share, EPS $0.62 per share.

Period: the quarter ended June 30, 2023
Net income: $14.2 million, or $0.62 per share
EPS: $0.62 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 June 30, 2023.

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 0001193125-23-192248

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.