Financial Data and Key Metrics Changes - Net income for the quarter was $10.3 million, with net interest income increasing by 5% to $37.4 million, reflecting a strong net interest margin of 8.84% [5][6] - The total provision for loan losses was a benefit of $700,000 compared to a $3 million expense in the previous quarter, indicating a significant improvement in loan loss management [16][19] - Net cash provided by operating activities increased nearly 41% quarter-over-quarter to $23.4 million from $16.6 million in the same quarter last year [19] Business Line Data and Key Metrics Changes - The gross consumer loan portfolio grew 17% year-over-year to $1.3 billion, with home improvement loans growing nearly 30% [6][9] - The net recreational loan portfolio increased nearly 13%, while the net home improvement portfolio grew over 30% [9][20] - Net income from consumer and commercial lending segments rose to $16.2 million in the second quarter compared to $9 million a year ago [21] Market Data and Key Metrics Changes - The average interest rate for the consumer loan portfolio was 13.14%, down from 14.14% in the previous year, reflecting competitive market conditions [20] - The net commercial lending portfolio was $66.2 million at the end of the second quarter, up from $55.6 million at the end of the first quarter [22] Company Strategy and Development Direction - The company’s growth strategy focuses on three main initiatives: expanding consumer lending, reaccelerating commercial lending growth, and becoming a leaner organization [7][13] - The company is exploring strategic alternatives for non-core assets, including Medallion loans and NASCAR investments, to enhance shareholder value [42][43] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued loan growth, attributing it to strong demand in niches like home improvement and recreational lending [34] - The company anticipates that loan losses and recoveries will normalize in the coming quarters, which may lead to an increase in loan loss provisions [16] Other Important Information - The company recorded a gain on extinguishment of debt of $2.9 million and an after-tax gain of $2.4 million from the sale of a portion of its investment in the FinTech company Upgrade [17][18] - The company has launched strategic partnerships within its Medallion Bank subsidiary to enhance loan origination and fee income [25][26] Q&A Session Summary Question: Expense dynamics and outlook for third quarter - Management indicated that year-to-date expenses are comparable to the previous year and expect expenses to remain around $17 million [32] Question: Loan growth trends and timing - Management believes loan growth will continue, driven by strong demand in their niches, particularly due to pandemic-related changes in consumer behavior [34] Question: Non-core assets and potential divestitures - Management is considering divesting non-core assets, including Medallion loans and NASCAR investments, based on favorable proposals [42][43] Question: Gains from FinTech investments - Management expressed hope for more successful investments similar to Upgrade, which yielded significant returns [44] Question: Charge-offs and loan dispositions - Most charge-offs were related to Medallion lending, with a settlement impacting the figures [51] Question: Net charge-offs by category - For the quarter, net charge-offs were $10.9 million for Medallion loans, $300,000 for home improvement, and a net recovery of $500,000 in recreation lending [55] Question: Competitive environment in RV consumer space - Management noted that while yields have decreased, they are focusing on higher credit quality borrowers, which has led to lower rates [56][57]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) Identification No.) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37747 MEDALLION FINANCIAL CORP. (Exact Name of Registrant as Specified in Its Charter) DELAWARE 04-3291176 ( ...

Medallion Financial Corp (NASDAQ:MFIN) Q1 2021 Earnings Conference Call May 4, 2021 9:00 AM ET Company Participants Andrew Murstein - President & COO Larry Hall - SVP & CFO Conference Call Participants Alex Twerdahl - Piper Sandler & Co. Stephen Moss - B. Riley Securities Michael Grondahl - Northland Capital Markets Operator Good morning, and welcome everyone to Medallion Financial's 2021 First Quarter Earnings Call. By now, everyone should have access to the earnings announcement, which was released prior ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37747 MEDALLION FINANCIAL CORP. (Exact name of registrant as specified in its charter) DELAWARE 04-3291176 (State of Incorporation) ( ...

Medallion Financial Corp. (NASDAQ:MFIN) Q4 2020 Earnings Conference Call February 18, 2021 9:00 AM ET Company Participants Andrew Murstein - President Alvin Murstein - Chief Executive Officer Larry Hall - Chief Financial Officer Conference Call Participants Alex Twerdahl - Piper Sandler Steve Moss - B. Riley Securities Mike Grondahl - Northland Securities Operator Good morning, and welcome everyone to Medallion Financial's 2020 Fourth Quarter and Full Year Earnings call. By now, everyone should have access ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37747 MEDALLION FINANCIAL CORP. (Exact Name of Registrant as Specified in Its Charter) DELAWARE 04-3291176 (State of Incorpo ...

Medallion Financial Corp. (NASDAQ:MFIN) Q3 2020 Earnings Conference Call November 2, 2020 9:00 AM ET Company Participants Alvin Murstein - CEO Larry Hall - CFO Andrew Murstein - President Alex Arzeno - Director of IR Conference Call Participants Alex Twerdahl - Piper Sandler Mike Grondahl - Northland Securities Operator Good morning, and welcome, everyone, to Medallion Financial's 2020 Third Quarter Earnings Call. By now, everyone should have access to the earnings announcement, which was released prior to ...

Investor Presentation Medallion Financial Corp. September 2020 Disclaimers This presentation may contain certain forward-looking statements, including statements with regard to the future performance of Medallion Financial Corp. ("Medallion Financial Corp.," "MFIN" or "Company"). Words such as "believes," "expects," "projects," "anticipates" and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on information available to us at th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Exact Name of Registrant as Specified in Its Charter) DELAWARE 04-3291176 (State of Incorporation) (IRS Employer Identification No.) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number ...

Medallion Financial Corp. (NASDAQ:MFIN) Q2 2020 Earnings Conference Call August 4, 2020 9:00 AM ET Company Participants Andrew Murstein - President Alvin Murstein - CEO Alex Arzeno - Director of IR Larry Hall - CFO Conference Call Participants Alex Twerdahl - Piper Sandler Scott Buck - B. Riley FBR Operator Good morning, and welcome everyone, to Medallion Financial's 2020 Second Quarter Earnings Call. By now, everyone should have access to the earnings announcement, which was released prior to this call whi ...