MFIN
Medallion Financial Corp.10.71
+0.06+0.56%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Provisions normalized; HI growth accelerates
Q&A downplayed the $27.7M provision spike as one-offs like rec loan reclassifications and allowance tweaks, eyeing lower normalized levels with mid-teens loan growth in 2026. Home improvement gets a boost from EnerBank poached talent, targeting mid-teens expansion after capital kept it flat. Rec originations now at 14.5% rates to lift performance, trading NIM for better credit-adjusted yields long-term. Equity gains traced to multiple exits, including a warrant; CRA income proved lumpy. Credit probes met calm rebuttals—no slowdowns planned. Management sounded disciplined. Watch rec delinquencies and HI ramp.
Key Stats
Market Cap
249.32MP/E (TTM)
6.26Basic EPS (TTM)
1.71Dividend Yield
0.04%Recent Filings
10-K
FY2025 results
Medallion Financial grew total assets to $2.96B in FY2025 ended December 31, 2025, with loans up 3% to $2.57B driven by recreation lending's $1.62B portfolio (63% of loans) yielding 13.37% on average. Net interest income hit $217M at 8.06% margin, steady y/y despite 29bps higher 4.22% borrowing costs from elevated deposit rates, offset by richer new loan coupons (recreation at 15.16%). Q4 originations slowed to $97M recreation and $62M home improvement versus Q3's $142M/$60M, reflecting moderated pace aligning growth with capital amid rising charge-offs (recreation 3.95%, up from 3.72% y/y). Net income fell to $43M from $36M y/y on $90M credit provisions and $3.5M Series F redemption charge, yet $25M equity gains boosted other income. Debt stands at $2.4B (87% deposits); $14M remains for buybacks. Taxi medallion reliance on brokered deposits risks funding if capital dips below well-capitalized.
8-K
2025 net income up 20%
Medallion Financial reported 2025 net income of $43.0 million, up 20% from prior year, with net interest income rising 7% to $216.9 million. Loan originations surged to $1.505 billion, driven by strategic partnerships doubling to $771.6 million, while the portfolio grew 3% to $2.567 billion. Credit provisions climbed to $89.8 million. Book value hit $17.53 per share.
8-K
Q4 net income jumps to $19.4M
Medallion Bank's Q4 2025 net income hit $19.4 million, up from $15.6 million last year, fueled by a $5.5 million gain from selling remaining taxi medallion assets to an affiliate. Strategic partnership originations doubled to $258.3 million while recreation loans grew to $1.617 billion amid higher charge-offs. Capital swelled $67.8 million to $450.2 million via preferred stock moves. Delinquencies dipped.
8-K
Bank leadership reshuffle effective
Medallion Financial reshuffled Medallion Bank leadership on January 12, 2026: Donald Poulton steps down as President but stays CEO through term end; David Justin Haley shifts from EVP/CFO to President with $430,000 base salary and 125% bonus/LTI targets for 2026. Haley now reports to Poulton. Leadership stabilized amid succession planning.
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