Earnings Releases·Oct 29, 2026, 4:07 PM ET

Medallion Financial Corp. — Third Quarter 2026 Earnings Summary

Net income attributable to stockholders fell 69% year-over-year to $2.4 million ($0.10/share) from $7.8 million ($0.32/share), driven by a credit loss provision increase to $30.8 million from $18.6 million, despite net interest income rising 5% to $58.4 million.
Loan originations surged 41% to $603.9 million, with significant growth in Recreation Lending (+40%) and Home Improvement Lending (+145%), while the total loan portfolio expanded 15% to $2.936 billion and net book value per share increased to $17.73.
Capital management actions included a $0.14 quarterly dividend, $5.6 million in share repurchases during the quarter, and the Board's approval of a new $40 million repurchase program subsequent to quarter-end.
The company raised $55 million via a Series G Preferred Stock reopening at Medallion Bank and repurchased $15 million of trust preferred securities at a discount, with an expected gain on extinguishment recognized in the fourth quarter.