Medallion Financial Corp. — Third Quarter 2026 Earnings Summary

Medallion Financial Corp. reported a net income of $2.4 million, or $0.10 per share, for the third quarter of 2026, a decline from $7.8 million in the same period the previous year. Total loan originations increased 41% to $603.9 million, driven largely by a 145% surge in home improvement lending, while the total loan portfolio grew 15% to $2.936 billion. The company recorded a credit loss provision of $30.8 million, which included significant day-one provisions associated with portfolio expansion, resulting in a net interest margin of 7.34%. Additionally, Medallion repurchased $5.6 million of its common stock during the quarter and declared a quarterly dividend of $0.14 per share.