Medical Financial (MFIN) Reports Q1 EPS of $0.05
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Medallion Financial Corp. Reports 2019 First Quarter Results
May 6, 2019 4:05 PM EDTNEW 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 2019 first 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.
2019 First Quarter Highlights
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