Medical Financial (MFIN) Misses Q2 EPS by 6c; Will Not Pay Qtr. Dividend; Will Analyze Current Op. Structure
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Medallion Financial Corp. Reports 2016 Second Quarter Results
August 2, 2016 9:02 AM EDTSecond quarter earnings of $4,568,000, or $0.19 per diluted common share Consumer loans originated by Medallion Bank were stronger than expected. In June alone, nearly 2,500 loans were funded for over $45 million in volume Medallion Banks six months earnings increased by 39% Managed assets reached $1.760 billion, including $1.159 billion at Medallion Bank, both all-time highs Net interest margin was 6.71% on a combined basis Medallion Bank anticipates entering into a new line of business developing relationships with marketplace lending platforms... More
