Cash Dividend On The Way From Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2024
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Source: NASDAQ.COM
- Dividend History: Historical dividends for MBNKP, Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F, shown in a chart.
- Stock Performance: MBNKP is down 0.2% while common shares (MFIN) are up 0.5% in Wednesday trading.
- Investment Recommendation: S.A.F.E. dividend stocks with preferred shares worth considering.
- Disclaimer: Views and opinions expressed in the content are of the author and may not reflect those of Nasdaq, Inc.
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Analyst Views on MFIN
About MFIN
Medallion Financial Corp. is a specialty finance company that originates and services a portfolio of consumer loans and mezzanine loans in various industries. It conducts its business through various wholly owned subsidiaries, including its primary operating company, Medallion Bank (the Bank), an industrial bank that originates consumer loans, raises deposits, and conducts other banking activities. It provides loans to individuals and small to mid-size businesses, through its subsidiaries, under four segments: loans that finance consumer purchases of recreational vehicles, boats, collector cars, and other consumer recreational equipment; loans that finance consumer home improvements; loans that finance commercial businesses; and loans that finance taxi medallions. It also conducts business through its subsidiaries Medallion Capital, Inc., a small business investment company, which conducts a mezzanine financing business; Medallion Funding LLC; and Freshstart Venture Capital Corp.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Medallion Financial Q4 Revenue and Performance Highlights
- Revenue Growth: Medallion Financial reported Q4 revenue of $67.5 million, significantly increasing from the previous year's quarter, reflecting strong performance in its lending operations and enhancing its market competitiveness.
- Net Interest Margin Improvement: The net interest margin rose to 8.51%, up from 8.28% in the prior year quarter, indicating effective asset-liability management in the current interest rate environment, thereby improving profitability.
- Increase in Strategic Partnership Loans: Loan originations from strategic partnerships grew to $258.3 million, up from $123.7 million in the prior year quarter, showcasing the company's success in expanding its lending business and further solidifying its market position.
- Increase in Credit Loss Provisions: Total provision for credit losses was $26.3 million, compared to $20.5 million in the prior year quarter, which includes a non-recurring $2.6 million charge, reflecting the company's cautious approach to potential risks.
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Medallion Financial Corp. to Participate in Sidoti Conference January 21-22, 2026
- Conference Participation: Medallion Financial Corp.'s management team will participate in the Sidoti Conference from January 21-22, 2026, providing one-on-one meeting opportunities with investors to enhance engagement and transparency.
- Investor Materials: Investors can download a PDF of the presentation from Medallion's Investor Relations website, which aims to improve the company's image in the capital markets and attract potential investor interest.
- Business Overview: Medallion Financial Corp. focuses on originating and servicing consumer and commercial loans across key industries such as recreation (towable RVs and marine) and home improvement (replacement roofs, swimming pools, and windows), showcasing its diversified business model.
- Company Background: Headquartered in New York City, Medallion Financial Corp.'s largest subsidiary, Medallion Bank, is located in Salt Lake City, Utah, and the company collaborates with fintech strategic partners to expand its range of loan products and services.
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