Medallion Financial Corp. Reports 2018 Second Quarter Results

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Go back to Medallion Financial Corp. Reports 2018 Second Quarter Results

Medical Financial (MFIN) Reports Q2 Loss of $0.60

August 13, 2018 4:07 PM EDT

Medical Financial (NASDAQ: MFIN) reported Q2 EPS of ($0.60), versus $0.07 reported last year.

Total assets reached $1.53 billion as of June 30, 2018Medallion loans are at the lowest level since 2003Net interest income before the provision for loan losses was $24.7 million, reflecting primarily the contributions of the consumer lending segmentsNet loss was $14.6 million, or $0.60 per share, a slight improvement from the first quarter, and included a charge of $6.7 million to establish a general reserve on medallion loans less than 90 days past dueNet interest margin was 8.57% in the 2018 second quarter,... More