MFIN

Home improvement loan originations reached $146.3 million during the third quarter. High-yield savings balances grew from $2.5 million to $101 million.

Medallion Financial Corp. ( MFIN ) Q3 2026 Earnings Call October 30, 2026 9:00 AM EDT Company Participants Ken Cooper Andrew Murstein - CEO, President, COO & Non-Independent Director Anthony Cutrone - Executive VP & CFO David Haley - CEO & President of Medallion Bank Conference Call Participants Kenneth Kohut - Raymond James & Associates, Inc., Research Division Manuel Navas - Piper Sandler & Co., Research Division Christopher Nolan - Ladenburg Thalmann & Co. Inc., Research Division Presentation Operator Good morning, and welcome to the Medallion Financial Corp. Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

Medallion Financial NASDAQ: MFIN reported third-quarter results marked by continued loan growth in its recreation and home-improvement businesses, though higher credit-loss provisions and a lower net interest margin reduced quarterly earnings.

NEW YORK, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN) (“Medallion” or the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, today announced its financial results for the quarter ended September 30, 2026.

SALT LAKE CITY, Oct. 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 ended September 30, 2026. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

ZimCal Asset Management concludes its five-year investment in Medallion Financial under a negotiated agreement covering its debt and equity positions.

Conference Call Scheduled for 9:00 a.m. ET on Friday, October 30, 2026 Conference Call Scheduled for 9:00 a.m. ET on Friday, October 30, 2026

SALT LAKE CITY, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO), 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 that it has closed a public offering of 2,200,000 additional shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, par value $1.00 per share, with a liquidation amount of $25 per share (the “Series G Preferred Stock”) and an aggregate liquidation amount of $55 million. The offering priced on September 23, 2026. The underwriters have also been granted a 30-day option to purchase up to an additional 330,000 shares of the Series G Preferred Stock solely to cover over-allotments, if any.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

SALT LAKE CITY, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO), 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 that it has launched a public offering of additional shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, par value $1.00 per share, with a liquidation amount of $25 per share (the “Series G Preferred Stock”). The offering is a reopening of Medallion Bank's original issuance of its Series G Preferred Stock, which occurred on May 22, 2025. Medallion Bank's Series G Preferred Stock is traded on the Nasdaq Capital Market under the ticker symbol “MBNKO.” Medallion Bank is and will remain a wholly owned subsidiary of Medallion Financial upon completion of the offering.