Medallion Financial ( (MFIN) ) has released its Q3 earnings. Here is a breakdown of the information Medallion Financial presented to its investors.
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Medallion Financial Corp. is a specialty finance company that provides loan origination and servicing in consumer and commercial sectors, with a focus on fintech partnerships. Headquartered in New York City, the company operates primarily through its subsidiary, Medallion Bank, based in Salt Lake City, Utah.
In its third-quarter earnings report for 2025, Medallion Financial Corp. reported a total net income of $7.8 million, or $0.32 per share, which includes a non-recurring charge related to the redemption of preferred stock. Excluding this charge, the net income was $11.3 million, showing a significant improvement from the previous year. The company also declared a quarterly cash dividend of $0.12 per share.
Key financial highlights for the quarter include a 6% increase in net interest income to $55.7 million and a 31% year-over-year increase in net income when excluding non-recurring charges. Loan originations surged to $427.4 million, with strategic partnership loans contributing significantly to this growth. The company’s loan portfolio grew to $2.559 billion, and the net interest margin improved slightly, indicating robust financial health.
Medallion Financial’s diverse business segments, including recreation, home improvement, and commercial lending, all showed positive trends. The strategic partnerships segment, in particular, demonstrated strong growth, with originations increasing significantly from the previous year. The company also reported gains from taxi medallion-related assets, contributing to its overall financial performance.
Looking ahead, Medallion Financial Corp. remains optimistic about its growth prospects, driven by a strong lending platform, strategic partnerships, and a focus on digital tools to enhance lending operations. The company aims to continue expanding its strategic partnership loan program and maintain strong returns for its stockholders.