Medallion Financial Corp. (MFIN)

Over the past six months, Medallion Financial Corp.'s stock price increased by 6.98%. A significant event was the settlement of an SEC litigation with a $3 million civil penalty. The company reported Q3 2025 earnings, exceeding EPS expectations, and Q2 2025 earnings, with EPS beating expectations but revenue missing forecasts. Quarterly dividends were declared, including a $0.12 per share dividend payable on November 24, 2025. Andrew Murstein is set to become CEO on January 31, 2026, and Medallion Bank announced internal promotions. The company participated in several investor conferences in late 2025.

Demand seasonality impacts Medallion Financial Corp.'s products and services, particularly consumer loans. The company acknowledges seasonality and economic uncertainties when increasing its allowance for credit loss on consumer loans. Historically, the second and third quarters are seasonal lows for charge-offs.

Medallion Financial Corp. is a specialty finance company in the Credit Services industry. It originates and services loans through subsidiaries like Medallion Bank, with recreation lending as its primary revenue source. The company's product offerings include recreation, home improvement, commercial, taxi medallion, and strategic partnership loans. Medallion Bank also raises deposits and conducts other banking activities.

Medallion Financial Corp. primarily operates within the United States. Its headquarters are in New York City, with key operational locations including Medallion Bank in Salt Lake City, Utah, and Medallion Funding LLC in Newark, New Jersey.

Medallion Financial Corp.'s brand reputation has been impacted by the SEC lawsuit and concerns from ZimCal Asset Management. The SEC lawsuit, alleging fraudulent schemes, led to a settlement with a $3 million civil penalty. ZimCal Asset Management has pushed for governance changes, citing the SEC lawsuit and raising concerns about management and risk management practices.

Medallion Financial Corp.'s ownership is a mix of institutional, retail, and individual investors. Approximately 26.94% to 32.06% is held by institutional investors, 18.18% to 21.20% by insiders, and 49.89% to 51.86% by public companies and individual investors. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Tieton Capital Management, LLC, and Geode Capital Management, Llc. Top individual shareholders include Andrew Murstein, Howard M. Amster, and Alvin Murstein.