Medallion Financial (MFIN) - 2023 Q1 - Earnings Call Transcript

Company Participants I'd now like to provide a quick update on our business. Home Improvement continued to be our fastest-growing segment. Originations remain strong and continue to be related primarily to popular projects like roofs, windows and pools. Our recreational business, which is mainly loans for smaller boats and RVs, had over $100 million in originations, which is below peak levels, but we believe is still strong performance. Our average interest rate has remained at over 14%. As I look at the ov ...