Medallion Financial Corp. Reports 2020 Second Quarter Results
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Medical Financial (MFIN) Misses Q2 EPS by 16c
August 3, 2020 5:04 PM EDTMedical Financial (NASDAQ: MFIN) reported Q2 EPS of ($0.16), $0.16 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $26.75 million versus the consensus estimate of $27.98 million.
2020 Second Quarter Highlights
Net loss was $4.0 million, or $0.16 per share, compared to a net loss of $7.5 million, or $0.31 per share, in the prior year period, and a net loss of $13.6 million, or $0.56 per share, in the 2020 first quarter.Provision for loan losses was $16.9 million, compared to $15.1 million in the prior year quarter and $16.5 million in the 2020 first quarter.Potential concerns... More