Medallion Financial Stock Earnings Reports

Medallion Financial reported a solid Q3 2025 driven by core lending strength and margin expansion. Reported net income was $7.8 million ($11.3 million excluding a $3.5 million nonrecurring charge related to redemption of Series F preferred stock at Medallion Bank). Net interest income grew 6% year-over-year to $55.7 million and net interest margin rose to 8.21%. Total loans increased to $2.559 billion with continued concentration in recreation (63% of loans, $1.603 billion) and home improvement (31% of loans, $804 million). Originations were $427 million for the quarter, including a record $208.4 million of strategic partnership originations. Credit metrics remain healthy: recreation delinquencies (90+ days) were 0.57% and home improvement 90+ day delinquencies were 0.16%; allowances for credit losses increased modestly to reflect seasonality and economic uncertainty. Taxi medallion assets are now immaterial (less than 0.2% of assets) but generated net recoveries of $3.4 million in the quarter. The company continued returning capital via a $0.12 quarterly dividend and has $14.4 million remaining under its $40 million repurchase authorization. Management emphasized disciplined, data-driven underwriting, continued investment in servicing technology (temporarily raising operating costs), and confidence in continued loan growth and margin expansion as funding costs ease. Andrew Murstein was announced to assume CEO responsibilities effective January 31, 2026.