Medical Financial (MFIN) Tops Q4 EPS by 37c
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Go back to Medical Financial (MFIN) Tops Q4 EPS by 37c
February 27, 2019 4:03 PM EST
NEW YORK--(BUSINESS WIRE)--
Medallion Financial Corp. (Nasdaq: MFIN, Medallion or the Company), a
finance company that originates and services loans in various
consumer and commercial niche industries, announced today its 2018
fourth 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, for the
nine months ended December 31, 2018. 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 Fourth Quarter Highlights
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