SALT LAKE CITY, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO, 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 strategic partners, announced today its results for the quarter and year ended December 31, 2025. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN). 2025 Fourth Quarter Highlights Net income of $19.4 million, compared t ...

Medallion Financial ( MFIN ) has been growing its asset base consistently over the last few years and has been earning an excess return over its cost of equity. While close to stable growth, I estimateI have an MBA from the University of Rochester's Simon Business School and six years experience doing private business valuations. I've always had a fascination with investing and enjoy actively managing my personal portfolio.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in an ...

Core Insights - Medallion Financial (MFIN) has been consistently growing its asset base over the past few years and is earning an excess return over its cost of equity [1] Group 1 - The company has achieved stable growth while maintaining a strong return on equity [1]

Core Viewpoint - Medallion Financial Corp. will participate in the Sidoti Conference on January 21-22, 2026, providing opportunities for one-on-one meetings with investors [1][2]. Company Overview - Medallion Financial Corp. (NASDAQ: MFIN) is a specialty finance company that originates and services a diverse portfolio of consumer and mezzanine loans across various industries, including recreation and home improvement [3]. - The company offers loan products and services through fintech strategic partners, with key industries served including towable RVs, marine, replacement roofs, swimming pools, and windows [3]. - Medallion Financial Corp. is headquartered in New York City, NY, with its largest subsidiary, Medallion Bank, located in Salt Lake City, Utah [3].

Core Insights - Medallion Bank has announced the promotion of Justin Haley to President and Travis Betenson to SVP and Chief Financial Officer, effective January 12, 2026 [1] Group 1: Leadership Changes - Justin Haley has over 30 years of experience in banking, joining Medallion Bank in 2011 as VP of Home Improvement Lending and progressing through various leadership roles, including SVP and COO [2] - Travis Betenson joined Medallion Bank in January 2024 as VP of Finance and has over 15 years of banking leadership experience, previously serving as CFO for two industrial banks in Utah [3] Group 2: Executive Team Dynamics - CEO Donald Poulton expressed confidence in the leadership capabilities of both Haley and Betenson, highlighting their collaborative efforts and the strong executive core that includes Chief Lending Officer Steve Hannay [4] Group 3: Company Overview - Medallion Bank specializes in consumer loans for recreational vehicles, boats, and home improvements, and provides loan origination services to fintech partners, operating as a Utah-chartered, FDIC-insured industrial bank [5]

Industry Overview - Home improvement stocks are closely tied to housing activity, consumer spending, interest rates, and seasonality, making them sensitive to economic cycles and mortgage market conditions [2] - The five notable companies in this sector include Home Depot, Lowe's Companies, Masco, Medallion Financial, and Jewett-Cameron Trading, which had the highest dollar trading volume recently [2] Company Summaries - **Home Depot (HD)**: Operates as a home improvement retailer, selling building materials, home improvement products, lawn and garden products, and offering installation services for various home improvement projects [3] - **Lowe's Companies (LOW)**: Functions as a home improvement retailer, providing products for construction, maintenance, repair, remodeling, and decorating, including appliances, tools, and building materials [4] - **Masco (MAS)**: Designs, manufactures, and distributes home improvement and building products, with a focus on plumbing products such as faucets, showerheads, and other related items [5] - **Medallion Financial (MFIN)**: A specialty finance company operating in segments including Home Improvement Lending, offering loans for home improvement projects like window and roof replacements [6] - **Jewett-Cameron Trading (JCTC)**: Supplies value-added building materials to major home improvement center chains, focusing on the residential repair and remodeling segment [8]

Company Overview - Medallion Financial Corp. (NASDAQ: MFIN) is a specialty finance company that originates and services loans across various consumer and commercial industries, including loan products and services through fintech strategic partners [3] - The company focuses on key industries such as recreation (towable RVs and marine) and home improvement (replacement roofs, swimming pools, and windows) [3] - Medallion Financial Corp. is headquartered in New York City, with its largest subsidiary, Medallion Bank, located in Salt Lake City, Utah [3] Upcoming Events - Medallion's management team will present at two investor conferences on December 3, 2025: the Raymond James Small Cap Bank Conference in New York City and the Noble Capital Markets Emerging Growth Conference in Boca Raton, Florida [1][4] - The main presentation at the Noble Capital Markets Emerging Growth Conference is scheduled for 10:00 A.M. ET, and a webcast will be available for 90 days following the event [4] - Management will also be available for one-on-one meetings with investors throughout the day [2]

Core Insights - Medallion Financial (MFIN) has undergone a significant transformation, shifting its focus from lending to taxicab drivers using medallions as collateral to providing loans for home improvements [1] Company Overview - The company originally specialized in financing for taxicab drivers, leveraging their medallions as collateral for loans [1] - The recent pivot towards home improvement loans indicates a strategic shift in the company's business model [1] Investment Focus - The article emphasizes a focus on income investing through various financial instruments, including common shares, preferred shares, and bonds [1]

Core Viewpoint - Medallion Financial Corp. will present at the Piper Sandler Financial Services Conference on November 11, 2025, highlighting its role as a specialty finance company that originates and services loans across various consumer and commercial sectors [1]. Company Overview - Medallion Financial Corp. (NASDAQ: MFIN) specializes in originating and servicing a diverse portfolio of consumer loans and mezzanine loans, with a focus on industries such as recreation and home improvement [3]. - The company operates through fintech strategic partners, enhancing its loan products and services [3]. - Medallion Financial Corp. is headquartered in New York City, with its largest subsidiary, Medallion Bank, located in Salt Lake City, Utah [3]. Investor Engagement - The management team will engage with investors throughout the conference, providing opportunities for direct communication and insights into the company's operations [2]. - Investors can access a PDF copy of the presentation via the company's Investor Relations section on its website [2].

Financial Performance - Net interest income for the three months ended September 30, 2025, was $55.686 million, compared to $52.737 million for the same period in 2024[221]. - The net interest margin, net of allowance, improved to 8.56% for the three months ended September 30, 2025, from 8.42% in 2024[221]. - For the nine months ended September 30, 2025, total loans yielded 12.23%, an increase from 12.02% in the same period of 2024, reflecting a higher yield on loan portfolios[225]. - Net interest income for the nine months ended September 30, 2025, was $160,467 thousand, compared to $150,522 thousand for the same period in 2024[224]. - Total interest income for the three months ended September 30, 2025, was $53,565,000, an increase from $51,443,000 in 2024, representing a growth of 4.1%[265]. - Net income after taxes for the nine months ended September 30, 2025, was $27,299,000, compared to $19,572,000 in 2024, reflecting a year-over-year increase of 39.4%[265]. Loan Portfolio - Consumer loans accounted for 94% of the gross loan portfolio, while commercial loans represented 5%[206]. - The recreation loan portfolio amounted to $1.6 billion, with an average interest rate of 15.17%, reflecting a 25 basis point increase from the previous year[260]. - The gross loans for the Home Recreation segment increased to $1,603,169 thousand as of September 30, 2025, from $1,554,629 thousand a year earlier, reflecting a growth of 3.12%[238]. - Total loans, gross, increased to $1,603,169,000 as of September 30, 2025, up from $1,554,629,000 in 2024, marking a growth of 3.1%[265]. - The average loan size in the recreation loan portfolio was approximately $21,000 as of September 30, 2025[258]. Credit Quality - The allowance for credit losses was $108.719 million as of September 30, 2025, compared to $94.293 million in 2024[221]. - The weighted average FICO score for outstanding recreation loans was 685 as of September 30, 2025, consistent with the score from September 30, 2024, indicating stable credit quality[225]. - The provision for credit losses for the three months ended September 30, 2025, was $18.6 million, a decrease from $20.2 million in the same quarter of 2024, attributed to fewer originations[241]. - The percentage of loans 90 days or more past due increased to 1.2% as of September 30, 2025, up from 1.1% at December 31, 2024[253]. - The allowance for credit losses in the recreation segment increased by 12% from September 30, 2024, due to rising loss rates[260]. Interest Rates and Borrowing Costs - The average interest cost for the nine months ended September 30, 2025, was 4.22%, up 36 basis points from 3.86% in the same period of 2024, primarily due to the higher cost associated with deposits[227]. - The average cost of borrowed funds was 4.28% for the three months ended September 30, 2025, up from 4.05% in 2024, reflecting higher borrowing costs in the current interest rate environment[301]. - The average interest rate for trust preferred securities is 6.52%, with a maturity date of September 2037[336]. - The average interest rate for brokered certificates of deposit is 3.82%, with maturities from October 2025 to September 2030[336]. Strategic Initiatives - The strategic partnership program with fintech companies continues to expand, with the first loans issued in 2020[211]. - The company is considering various alternatives for the Bank, including a potential initial public offering or sale[212]. - The company is exploring various financing options, including asset sales and securitization programs, to support external expansion and internal growth[334]. Asset Management - As of September 30, 2025, total assets were $2.90 billion, an increase from $2.87 billion as of December 31, 2024[206]. - Total interest-earning assets, net of allowance, were $2.573 billion for Q3 2025, up from $2.498 billion in Q3 2024[221]. - Total outstanding debt as of September 30, 2025, was $2.36 billion, with deposits accounting for 87% of this total at a weighted average rate of 3.82%[327]. Operational Efficiency - Operating expenses for Q3 2025 were $1,490,000, compared to $1,235,000 in Q3 2024, reflecting an increase of 20.6%[280]. - The company reported net recoveries and gains of $3,400,000 related to taxi medallion assets during Q3 2025[284]. - The company actively monitors interest rate exposure to mitigate adverse effects on future earnings, utilizing net interest income sensitivity analysis as a primary metric[314].