Medallion Financial Corp. (MFIN)

In the past six months, Medallion Financial Corp. reported its Q3 2025 earnings on October 30, 2025, with a net income of $7.8 million. Net interest income for Q3 2025 grew 6% to $55.7 million year-over-year, and total loans reached $2.559 billion. The company also announced a quarterly dividend of $0.12 per share. Medallion Bank announced its Q4 and full-year 2025 results on January 29, 2026. The stock price as of January 21, 2026, was $10.15 per share, representing a 12.15% increase from January 22, 2025. The 52-week high for Medallion Financial stock was $10.98, and the 52-week low was $7.71.

Medallion Financial Corp. experiences demand seasonality in its products and services, with management acknowledging expected seasonal and economic dynamics when increasing the allowance for credit losses on consumer loans. There is also demand cyclicality in its Recreation and Home Improvement lending businesses. Historically, the second and third quarters are seasonal lows for charge-offs in recreation loans.

Medallion Financial Corp. operates as a specialty finance company in the United States, focusing on originating and servicing loans across various industries, including recreation, home improvement, commercial, and taxi medallion lending. The company finances consumer purchases of recreational vehicles, boats, collector cars, and home improvement projects. Additionally, it offers loans for new business ventures and provides debt, mezzanine, and equity investment capital to companies. The recreation segment generates the maximum revenue for the company.

Medallion Financial Corp. operates in the United States and is headquartered in New York City, New York.

Medallion Financial has been noted for consistently delivering strong returns and offering dividend growth opportunity in preferred shares. However, a new major risk related to revenue and earnings growth was identified in October 2025. The company has been undergoing technological initiatives to upgrade its servicing platform, aiming for an improved customer experience and greater long-term efficiencies. In May 2024, ZimCal Asset Management, LLC initiated a proxy contest, raising questions about board refreshment and the company's share price volatility.

Medallion Financial Corp. has a diverse ownership structure, with institutional investors holding approximately 7.73% to 15.97% of the company's stock, insiders owning around 21.20%, and public companies and individual investors holding approximately 8.24% to 62.83%. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, Tieton Capital Management, LLC, Geode Capital Management, Llc, Uniplan Investment Counsel, Inc., State Street Corp, and Connor, Clark & Lunn Investment Management Ltd. Significant individual insider ownership includes Andrew M. Murstein, Howard M. Amster, and Alvin Murstein.