Medical Financial (MFIN) Misses Q1 EPS by 68c

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Medallion Bank Reports 2020 First Quarter Results and Board of Directors Declares Series F Preferred Stock Dividend

April 30, 2020 4:10 PM EDT

SALT LAKE CITY--(BUSINESS WIRE)-- Medallion Bank (Nasdaq: MBNKP, the Bank), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats and home improvements, along with loan origination services to fintech partners, announced today its 2020 first quarter results. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

2020 First Quarter Highlights

Net loss was $0.4 million, compared to net income of $2.4 million in the 2019 first quarter Net interest income was $27.8 million, compared to $23.9 million in the prior year... More