Medical Financial (MFIN) Tops Q1 EPS by 15c

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Go back to Medical Financial (MFIN) Tops Q1 EPS by 15c

Medallion Financial Corp. Reports 2021 First Quarter Results

May 3, 2021 4:05 PM EDT

NEW YORK--(BUSINESS WIRE)-- Medallion Financial Corp. (NASDAQ: MFIN, Medallion Financial or the Company), a finance company that originates and services loans in various consumer and commercial niche industries, announced today its 2021 first quarter results.

2021 First Quarter Highlights

Net income was $8.4 million, or $0.34 per share, compared to a net loss of $13.6 million, or $0.56 per share, in the prior year quarter. Net interest income was $28.7 million in the quarter, primarily reflecting the contribution of the consumer lending segments, compared to $26.5 million in the 2020 quarter. Net interest margin was 9.18% in the... More