earnings
confidence high
sentiment neutral
materiality 0.70
Medallion Financial Q2 net income $7.4M ($0.31/sh) down from $11.1M; originations up 63% to $611.6M
MEDALLION FINANCIAL CORP
- Net income attributable to stockholders $7.4M ($0.31/sh) vs $11.1M ($0.46/sh) YoY; net interest income up 7% to $57.2M.
- Total assets surpassed $3.0B for first time; loan originations grew 63% to $611.6M, including $247.1M strategic partnerships.
- Net book value per share $17.62 vs $16.77 a year ago; declared $0.14/sh dividend payable Aug 31, 2026.
- Repurchased 779,799 shares at avg $9.85 for $7.7M; $6.7M remaining under $40M buyback program.
- Recreation originations up 63% to $228.5M; home improvement up 31.7% to $128.6M; credit loss provision $22.3M.