Highest-materiality recent filing
Medallion Financial CEO Donald Poulton retiring; restricted stock accelerated
Donald S. Poulton retires as CEO of Medallion Bank effective June 30, 2026.
Medallion elects all three Class III director nominees; dissident slate defeated
Annual meeting held June 9, 2026; 73.0% of shares present, quorum achieved.
SBA confirms background checks cure event of default on Medallion Capital debentures
Small Business Administration notified Medallion Capital on June 11, 2026 of satisfactory completion of background checks for two submitted candidates.
Donald Poulton notified retirement as CEO of Medallion Bank, effective June 30, 2026.
Shareholders re-elected all three company director nominees with approximately 78% of votes cast.
Medallion Financial's SBA debenture default potentially cured after submitting two candidates
On June 3, 2026, SBA notified Medallion Capital that two candidate submissions cure the previously disclosed event of default on SBA debentures.
Medallion Q1 net income falls to $5.0M ($0.20/sh) on lower equity gains; originations up 34%
Net income $5.0M ($0.20/sh) vs $12.0M ($0.50) YoY; prior year had $9.4M equity gains vs $0.3M.
Medallion Financial closes $75M private placement of 8.25% senior notes due 2031
Issued $75M aggregate principal amount of 8.25% Senior Notes due May 1, 2031; interest paid semi-annually.
MFIN subsidiary Medallion Capital in SBA debenture default; $73.5M at risk
SBA declared event of default on $73.5M debentures (~3% of total borrowings) due to management team qualification issue.
Medallion Financial repays $31.25M in privately placed notes at maturity
Repaid full $31.25 million aggregate principal of privately placed notes on February 26, 2026.
Medallion Financial Q4 net income up 20% to $0.50 EPS; FY net income $1.78 EPS
Q4 2025 net income $12.2M ($0.50 diluted EPS), up from $10.1M ($0.43) YoY.
Q4 2025 net income of $19.4M compared to $15.6M in prior year quarter; full-year net income rose 19% to $72.2M.
Donald Poulton no longer President of Medallion Bank effective Jan 12, 2026; remains CEO of Bank.
Medallion Financial Q3 adjusted net income up 31% YoY to $11.3M; loan originations surge 55%
Net income $7.8M ($0.32/sh) includes $3.5M charge from preferred stock redemption; adjusted net income $11.3M vs $8.6M prior year.
Alvin Murstein will step down as CEO on Jan 31, 2026, becoming Executive Chairman until May 2027, then retire.
Medallion Financial Q2 net income jumps 56% to $11.1M; declares $0.12 dividend
Net income rose 56% to $11.1M ($0.46 EPS) from $7.1M ($0.30 EPS) a year ago.
Medallion Financial shareholders approve 2M share increase to equity plan at annual meeting
Elected Class II directors Hatch, Murstein, Tanenbaum with >12.8M votes for each.
Medallion Financial settles SEC litigation, pays $3M penalty
Final judgment entered May 30, 2025, in S.D.N.Y. resolving SEC suit against Medallion and its President/COO.
Medallion Bank to redeem all Series F Preferred Stock at $25/share on July 1, 2025
Bank will redeem all 1,840,000 outstanding Series F Preferred shares for $46M aggregate.
Medallion Bank prices $75M Series G preferred stock offering at 9% dividend rate
Offering of 3,000,000 shares of Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred at $25/share, $75M aggregate.
Medallion Bank launches Series G preferred offering; proceeds for capital, loan growth
Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred, $25 liquidation preference, to trade as MBNKO on Nasdaq.
Net income up 20% to $12.0M; dividend raised to $0.12/share
Net income $12.0M ($0.50 EPS) vs $10.0M ($0.42) YoY, up 20%.
Medallion Financial Q4 net income $10.1M ($0.43/sh) vs $14.3M YoY; dividend up 10%
Q4 net income $10.1M ($0.43/sh) down from $14.3M ($0.60/sh) YoY; full-year $35.9M ($1.52/sh) vs $55.1M ($2.37/sh).
Medallion Bank Q4 net income falls to $15.6M; full-year profit down 24%
Q4 net income $15.6M vs $21.9M YoY; full-year net income $60.6M vs $79.9M.
Requirement for Board to add an independent director and appoint to Investment Oversight Committee deleted.
Medallion Financial Q3 net income down 23% YoY; dividend raised 10%
Net income $8.6M ($0.37 EPS) vs $11.2M ($0.48 EPS) in Q3 2023.
Medallion Financial adopts amended bylaws tightening stockholder proposal timelines and disclosure
Advance notice for stockholder proposals at annual meetings: not earlier than 150 days nor later than 120 days before anniversary of prior year's proxy mailing.
Medallion Financial Q2 net income falls to $7.1M ($0.30/share) from $14.2M; NII hits record $49.9M
Net income $7.1M ($0.30 diluted EPS) vs $14.2M ($0.62) prior year; credit loss provision rose to $18.6M from $8.5M.
Principal increased $5M to $17.5M, replacing existing $12.5M 9.00% Senior Notes due 2033.
Medallion Financial shareholders elect company-nominated Class I directors; reject dissident slate
Company nominees Robert M. Meyer and David L. Rudnick elected as Class I directors with ~12.4M votes each.
Preliminary results show over 80% of votes cast for director nominees Robert M. Meyer and David L. Rudnick.
Medallion Financial engages Plante & Moran as new auditor effective June 3, 2024
Plante & Moran, PLLC appointed as independent registered public accounting firm for FY 2024.
Medallion Financial Q1 EPS $0.42 vs $0.67; credit provision soars to $17.2M from $4.0M
Net income $10.0M ($0.42 diluted EPS) vs $15.4M ($0.67) in Q1 2023, down 35%.
Medallion Financial's auditor Mazars USA LLP resigns effective May 31, 2024
Mazars USA LLP resigned as independent auditor, effective no later than May 31, 2024.
Medallion Capital gets SBA commitment for $18.5M in debentures
SBA committed $18.5M in debenture leverage to Medallion Capital (MFIN subsidiary).
Medallion Q4 net income $14.3M ($0.60/sh); dividend raised 25% to $0.10
Full-year net income $55.1M ($2.37/sh), record annual EPS; prior year $43.8M ($1.83/sh).
Medallion Bank reports record Q4 net income $21.9M, full-year $79.9M; loan portfolio grows 15%
Q4 net income $21.9M vs $19.7M prior year; full-year net income $79.9M vs $74.6M in 2022.
Medallion Financial issues $12.5M of 9.00% Senior Notes due 2033
$12.5M aggregate principal, 9.00% fixed rate, maturity Dec 30, 2033.
Medallion Financial Q3 net income $11.2M ($0.48/sh); dividend raised 25% to $0.10
Net income $11.2M ($0.48/diluted) vs $7.6M ($0.32) in Q3 2022; net interest income up 16% to $48.8M.
Issued $39.0M aggregate principal of 9.25% Senior Notes due Sep 2028; rating A- from Egan-Jones.
Medallion Financial Q2 net income rises to $14.2M ($0.62/sh); net interest income up 20%
Net income $14.2M ($0.62 EPS) vs $13.3M ($0.54) a year ago; net interest income grew 20% to $46.7M.
Medallion Capital secures $20M SBA debenture commitment; draws available through Sep 2027
SBA committed $20M in debenture leverage to Medallion Capital, a wholly-owned subsidiary of MFIN.
All three Class III director nominees elected: Alvin Murstein (11.5M for), John Everets (10.2M for), Cynthia Hallenbeck (10.1M for); broker non-votes 6.1M.
Medallion Financial Q1 net income $15.4M ($0.67 EPS) vs $9.8M; chairman CEO term to expire 2027
Net income $15.4M ($0.67 EPS) vs $9.8M ($0.39); net interest income up 21% to $43.6M.
Medallion Bank reports record Q1 net income $21.4M; loan portfolio up 26.4% YoY
Record net income of $21.4M vs. $18.8M in Q1 2022, driven by loan growth and medallion recoveries.
Medallion Financial Q4 net income $13.1M ($0.57/sh) vs $19.5M; FY net income $43.8M ($1.83/sh)
Q4 net income $13.1M ($0.57/sh) vs $19.5M ($0.78/sh); full-year $43.8M ($1.83/sh) vs $54.1M ($2.17/sh).
Medallion Bank reports record Q4 net income of $19.7M; loan portfolio grows 28.8% to $1.8B
Q4 net income $19.7M vs $19.0M prior year; full-year record net income $74.6M vs $70.0M in 2021.
Director Frederick A. Menowitz resigns from Medallion Financial board effective Dec 31, 2022
Frederick A. Menowitz resigned from the Board of Directors effective December 31, 2022.
Alexander S. Travis, President of Medallion Capital, resigns effective Nov. 30, 2022
Alexander S. Travis, President of wholly owned subsidiary Medallion Capital, Inc., tendered resignation on Nov. 14, 2022.
Medallion Financial Q3 net income falls to $7.6M from $15.9M; originations up 40%
Net income $7.6M ($0.32 diluted EPS) vs $15.9M ($0.64) a year ago; loan loss provision $10.0M vs benefit of $0.3M.
On June 11, 2026, the Board of Directors of Medallion Bank appointed Donald Poulton to serve as a member of its Board of Directors, effective July 1, 2026.
On June 11, 2026, Mr. Donald Poulton notified Medallion Financial Corp. and Medallion Bank of his intention to retire from his position as Chief Executive Officer of Medallion Bank, effective June 30, 2026.
On June 11, 2026, the Board of Directors of Medallion Bank appointed Mr. David Justin Haley to succeed Donald Poulton and serve as the Chief Executive Officer of Medallion Bank, effective July 1, 2026.
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
Frederick A. Menowitz resigned from the Board of Directors of Medallion Financial Corp.
On November 14, 2022, Alexander S. Travis, President of Medallion Capital, Inc., a wholly owned subsidiary of Medallion Financial Corp., tendered his resignation effective November 30, 2022.
Frederick A. Menowitz, a current Class I director, will retire from the Board at the earlier of the appointment of the Additional Independent Director and 180 days after the date of the Cooperation Agreement.
Effective as of May 1, 2022, the Board, upon the recommendation of the Board’s Nominating and Governance Committee, increased the size of the Board from eight to nine members and appointed Brent O. Hatch as a Class II director with a term expiring at the Company’s 2022 Annual Meeting to fill the resulting vacancy.
In connection with Larry D. Hall’s retirement, effective December 31, 2021, from his positions as Senior Vice President and Chief Financial Officer of Medallion Financial Corp.
Larry D. Hall notified the Company of his intention to retire from his positions as Senior Vice President and Chief Financial Officer of the Company, effective December 31, 2021.
the Board of Directors of the Company appointed Anthony N. Cutrone to succeed Larry D. Hall and serve as the Executive Vice President and Chief Financial Officer of the Company, effective January 1, 2022.
increased the size of the Board from seven to eight members and appointed Robert M. Meyer to serve as a member of the Board, effective immediately.
Max materiality 0.80 · Median 0.62 · Most common event earnings