Medallion Financial (US:MFIN)2026-02-18 21:10Financial Performance - Total net income attributable to stockholders for Q4 2025 was $12.2 million, or $0.50 per share, up 20% from $10.1 million, or $0.43 per share in Q4 2024[6] - Net income attributable to Medallion Financial Corp. stockholders for the year ended December 31, 2025, was $43,044 thousand, up 19.8% from $35,878 thousand in 2024[30] - Basic net income per share increased to $1.89 in 2025, compared to $1.59 in 2024, marking a growth of 18.9%[30] Income and Revenue - Net interest income for 2025 grew 7% to $216.9 million from $202.5 million in the prior year[6] - Total interest income for the year ended December 31, 2025, was $315,320 thousand, an increase of 8.4% from $290,702 thousand in 2024[30] Loan Activity - Loan originations for 2025 reached $1.505 billion, a 44% increase from $1.043 billion in 2024[6] - Strategic partnership loan originations for 2025 totaled $771.6 million, compared to $203.6 million in 2024[16] - The loan portfolio as of December 31, 2025 was $2.567 billion, up 3% from $2.491 billion a year ago[6] Credit and Allowance - The allowance for credit loss for loans held for investment was 5.32% as of December 31, 2025, compared to 5.00% a year ago[13] - Provision for credit losses rose to $89,822 thousand for the year ended December 31, 2025, compared to $76,502 thousand in 2024, reflecting an increase of 17.5%[30] Assets and Liabilities - Total assets as of December 31, 2025 were $2.955 billion, up from $2.869 billion a year ago[17] - Total assets increased to $2,955,464 thousand in 2025, up from $2,868,606 thousand in 2024, representing a growth of 3.0%[28] - Total liabilities stood at $2,447,418 thousand in 2025, a slight increase from $2,429,648 thousand in 2024[28] Stockholder Equity and Dividends - Total stockholders' equity rose to $408,617 thousand in 2025, compared to $370,170 thousand in 2024, indicating a growth of 10.4%[28] - The company declared a quarterly cash dividend of $0.12 per share, consistent with previous quarters[18] Share Activity - The number of shares outstanding increased to 23,311,683 in 2025 from 23,135,624 in 2024, reflecting a growth of 0.76%[28] - The company repurchased 108,351 shares of common stock at an average cost of $9.10 per share for a total of $1.0 million during 2025[20] Interest Rates - The average interest rate for commercial lending increased to 14.22% in 2025, compared to 12.97% in the prior year[16] - Net interest income for the year ended December 31, 2025, was $216,893 thousand, an increase of 7.0% compared to $202,535 thousand in 2024[30]