Medallion Bank Sees Profit Growth in Q3
Earnings Overview: Medallion Bank reported third-quarter earnings of $13.99 million, slightly up from $13.97 million in the same period last year.
Revenue Growth: The bank's revenue increased by 8.1%, reaching $58.17 million compared to $53.81 million in the previous year.
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Medallion Bank Sees Profit Growth in Q3
Earnings Overview: Medallion Bank reported third-quarter earnings of $13.99 million, slightly up from $13.97 million in the same period last year.
Revenue Growth: The bank's revenue increased by 8.1%, reaching $58.17 million compared to $53.81 million in the previous year.
Medallion Bank Announces Third Quarter Results for 2025 and Declares Dividend for Series G Preferred Stock
Financial Performance: Medallion Bank reported a net income of $19.8 million for Q3 2025, an increase from $15.5 million in the same quarter last year, with net interest income rising to $55.9 million.
Loan Portfolio and Charge-offs: The total loan portfolio was $2.3 billion, with annualized net charge-offs decreasing to 2.28% of average loans, reflecting improved performance in home improvement loans.
Recreation and Home Improvement Lending: The recreation loan portfolio was $1.546 billion, with originations slightly up, while home improvement loans saw a decline in originations to $59.7 million compared to the previous year.
Preferred Stock Dividend: The Bank's Board declared a quarterly cash dividend of $0.5625 per share on its Series G preferred stock, payable on January 2, 2026, to shareholders of record by December 15, 2025.
