Medallion Bank Announces Fintech Strategic Partnership With Kashable
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 30 2024
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Source: Newsfilter
Partnership Announcement: Medallion Bank has formed a strategic partnership with Kashable to enhance access to affordable personal loans for working Americans, leveraging both companies' strengths in consumer finance and financial wellness solutions.
Service Expansion: The collaboration will allow Medallion Bank to originate personal loans on the Kashable platform, which aims to improve financial well-being by providing socially responsible credit options through employer-sponsored benefits.
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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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