Medallion Financial Q4 Earnings Call Highlights

Murstein said consumer lending remains the company’s largest and most profitable business line and highlighted growth in both portfolio size and interest income. He stated consumer lending interest income was $74.5 million for the quarter and $289.9 million for the year, up 5% compared with the same period last year and up 8% year over year.Cutrone also provided funding and yield details, including a fourth-quarter total interest yield of 11.70% and an average cost of borrowings of 4.24% . At year-end, the ...