Medallion Financial (TAXI) Tops Q2 EPS by 3c
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Medallion Financial Corp. Reports 2015 Second Quarter Results
August 4, 2015 8:55 AM EDTSecond quarter earnings of $8,086,000, or $0.33 per diluted common share, increased 14% from the 2014 second quarter, among our best quarters ever Net investment income after taxes increased 14% compared to the 2014 quarter 64% of earnings came from our consumer lending businesses Consumer loans originated by Medallion Bank grew 30% and achieved a record number of loan applications and closings Managed assets reached $1.549 billion, including $1.003 billion at Medallion Bank, both all-time highs The Company more than doubled its stock buyback capacity, authorizing up to $26 million of additional... More
