Medical Financial (MFIN) Misses Q2 EPS by 16c

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Go back to Medical Financial (MFIN) Misses Q2 EPS by 16c

Medallion Financial Corp. Reports 2020 Second Quarter Results

August 3, 2020 4:05 PM EDT

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 2020 second quarter results.

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... More