Medical Financial (MFIN) Tops Q2 EPS by 26c

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Go back to Medical Financial (MFIN) Tops Q2 EPS by 26c

Medallion Financial Corp. Reports 2023 Second Quarter Results

July 24, 2023 4:01 PM EDT

NEW YORK, July 24, 2023 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN, Medallion or the Company), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, announced today its results for the quarter ended June 30, 2023.

2023 Second Quarter Highlights

Net income was $14.2 million, or $0.62 per share, compared to $13.3 million, or $0.54 per share, in the prior year quarter.$10.6 million of cash collected on taxi medallion-related assets, with recoveries resulting in earnings of $0.22 per share.Net interest income... More