Medical Financial (MFIN) Reports Q1 Loss of $0.62
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Medallion Financial Corp. Reports 2018 First Quarter Results
May 14, 2018 4:10 PM EDTNEW YORK--(BUSINESS WIRE)-- Medallion Financial Corp. (Nasdaq: MFIN), a specialty finance company that originates and services loans in various niche industries, announced today its 2018 first quarter results.
2018 First Quarter Highlights
Completed de-BDC process on April 2, 2018, and will begin reporting as a traditional finance company starting in the second quarter of 2018 Net decrease in net assets resulting from operations of $14.9 million, or a loss of $0.62 per share Net investment income before income taxes at Medallion Bank of $16.1 million, driven primarily... More