Medical Financial (MFIN) Reports Q3 Loss of $0.19/Share

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Medallion Financial Corp. Reports 2018 Third Quarter Results

November 12, 2018 4:05 PM EST

NEW YORK--(BUSINESS WIRE)-- Medallion Financial Corp. (Nasdaq: MFIN), a finance company that originates and services loans in various consumer and commercial niche industries, announced today its 2018 third quarter results. Effective April 2, 2018, Medallion Financial Corp. withdrew its BDC election, and now operates as a finance company following the reporting conventions of bank holding companies, which began with the 2018 second quarter. A major component of this change is that we now consolidate wholly-owned or controlled subsidiaries, particularly Medallion Bank, which were previously treated as unconsolidated portfolio investment companies.

2018 Third Quarter Highlights

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