Breakdown | ||||
Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
290.70M | 264.06M | 156.93M | 148.07M | 117.21M | Gross Profit |
290.70M | 226.25M | 124.45M | 122.06M | 86.69M | EBIT |
289.33M | 102.90M | 97.99M | 78.33M | -44.86M | EBITDA |
0.00 | 104.74M | 87.25M | 102.95M | 0.00 | Net Income Common Stockholders |
35.88M | 55.08M | 43.84M | 54.11M | -26.91M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
153.04M | 149.84M | 154.09M | 124.48M | 112.04M | Total Assets |
2.87B | 2.59B | 2.26B | 1.87B | 1.64B | Total Debt |
54.13M | 253.06M | 232.72M | 229.03M | 252.07M | Net Debt |
-44.11M | 200.47M | 127.12M | 104.54M | 140.03M | Total Liabilities |
2.43B | 2.18B | 1.89B | 1.52B | 1.34B | Stockholders Equity |
370.17M | 342.99M | 301.74M | 287.04M | 231.41M |
Cash Flow | Free Cash Flow | |||
115.51M | 113.76M | 108.74M | -217.62M | 78.71M | Operating Cash Flow |
115.51M | 113.76M | 108.74M | 78.73M | 78.71M | Investing Cash Flow |
-335.78M | -340.70M | -449.00M | -238.32M | -170.96M | Financing Cash Flow |
239.99M | 271.18M | 321.38M | 172.04M | 136.47M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
78 Outperform | $204.46M | 5.79 | 10.06% | 4.75% | 14.58% | -34.99% | |
72 Outperform | $201.16M | 7.97 | 13.99% | 2.11% | 0.40% | -10.62% | |
71 Outperform | $196.32M | 17.32 | 4.43% | 3.99% | 10.64% | -56.22% | |
63 Neutral | $12.46B | 9.55 | 8.14% | 17103.96% | 12.70% | -4.66% | |
60 Neutral | $212.79M | 13.13 | 6.55% | 5.91% | 24.45% | 25.77% | |
51 Neutral | $203.29M | ― | -3.46% | ― | 7.83% | -77.61% |
Medallion Bank reported a net income of $15.6 million for the fourth quarter of 2024, a decrease from $21.9 million in the previous year’s quarter. The Bank saw its net interest income rise to $53.1 million, while its provision for credit losses increased significantly. The annualized net charge-offs also rose, reflecting challenges in the economic environment. For the full year 2024, the Bank’s net income was $60.6 million, down from $79.9 million in 2023, with a substantial increase in credit loss provisions. Despite these challenges, the Bank’s loan portfolio grew by 13% to $2.4 billion, driven by strong recreation loan originations and strategic partnerships. A letter of intent was signed in December 2024 to sell up to $121 million of recreation loans, aligning with the Bank’s strategy to efficiently recycle capital and meet customer demand in 2025. A quarterly dividend on Series F Preferred Stock was also declared, reflecting the Bank’s ongoing commitment to returning value to shareholders.