Loading…
Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Loans, Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, collector cars, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses. It also provides debt, mezzanine, and equity investment capital to companies in various commercial industries; and raises deposits and conducts other banking activities. The company was incorporated in 1995 and is headquartered in New York City, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $243M | - | $47M | $126M | 9.2% | 19.8% | 29.8% |
| 2024 | $203M | - | $36M | $109M | 8.2% | 7.0% | -34.9% |
| 2023 | $190M | - | $55M | $114M | 13.4% | 17.0% | 25.6% |
| 2022 | $162M | - | $44M | $109M | 11.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 162.25 | 189.87 | 203.09 | 243.39 |
| Pretax Income | 67.85 | 86.04 | 62.94 | 79.89 |
| Tax Provision | 17.96 | 24.91 | 21.01 | 24.54 |
| Net Income | 43.84 | 55.08 | 35.88 | 46.56 |
| Net Income Common Stockholders | 43.84 | 55.08 | 35.88 | 43.04 |
| Interest Expense | 36.19 | 62.95 | 88.17 | 98.43 |
| Interest Income | 196.62 | 251.04 | 290.70 | 315.32 |
| Selling General And Administration | 33.51 | 40.03 | 41.03 | 44.45 |
| Normalized Income | 40.32 | 52.74 | 37.30 | 43.36 |
| Basic EPS | 1.86 | 2.45 | 1.59 | 1.89 |
| Diluted EPS | 1.83 | 2.37 | 1.52 | 1.78 |
| Tax Effect Of Unusual Items | 1.27 | 0.96 | -0.70 | 1.44 |
| Tax Rate For Calcs | 0.26 | 0.29 | 0.33 | 0.31 |
| Total Unusual Items | 4.79 | 3.30 | -2.12 | 4.63 |
| Total Unusual Items Excluding Goodwill | 4.79 | 3.30 | -2.12 | 4.63 |
| Net Income From Continuing Operation Net Minority Interest | 43.84 | 55.08 | 35.88 | 46.56 |
| Reconciled Depreciation | 5.23 | 5.24 | 6.22 | 8.32 |
| Net Interest Income | 160.44 | 188.09 | 202.53 | 216.89 |
| Net Income From Continuing And Discontinued Operation | 43.84 | 55.08 | 35.88 | 46.56 |
| Rent Expense Supplemental | 2.38 | 2.47 | 2.68 | 2.79 |
| Diluted Average Shares | 23.93 | 23.25 | 23.61 | 24.25 |
| Basic Average Shares | 23.58 | 22.51 | 22.55 | 22.77 |
| Diluted NI Availto Com Stockholders | 43.84 | 55.08 | 35.88 | 43.04 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0 | 3.52 |
| Minority Interests | -6.05 | -6.05 | -6.05 | -8.78 |
| Net Income Including Noncontrolling Interests | 49.89 | 61.13 | 41.92 | 55.34 |
| Net Income Continuous Operations | 49.89 | 61.13 | 41.92 | 55.34 |
| Special Income Charges | -0.66 | 0 | -3 | 0 |
| Other Special Charges | 0 | 0 | 3 | 0 |
| Write Off | 0.66 | 1.70 | 0.53 | 0 |
| Gain On Sale Of Security | 2.78 | 5.18 | 6.92 | 24.55 |
| Depreciation Amortization Depletion Income Statement | 1.45 | 1.45 | 1.45 | 1.45 |
| Depreciation And Amortization In Income Statement | 1.45 | 1.45 | 1.45 | 1.45 |
| Amortization | 1.45 | 1.45 | 1.45 | 1.45 |
| Amortization Of Intangibles Income Statement | 1.45 | 1.45 | 1.45 | 1.45 |
| General And Administrative Expense | 33.51 | 40.03 | 41.03 | 44.45 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Rent And Landing Fees | 2.38 | 2.47 | 2.68 | 2.79 |
| Salaries And Wages | 31.13 | 37.56 | 38.34 | 41.66 |
| Operating Revenue | 162.25 | 189.87 | 203.09 | 243.39 |
| Professional Expense And Contract Services Expense | 13.05 | 5.89 | -1.37 | 5 |
| Other Non Interest Expense | 15.68 | 18.66 | 19.56 | 22.78 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Medallion Financial Corp.this co. | MFIN | $218M | 5.20↓ discount | 0.51 | 9.2% | 13.46 |
| Virginia National Bankshares Corporation | VABK | $229M | 11.44 | 1.24 | 10.5% | - |
| National Bankshares, Inc. | NKSH | $228M | 12.95 | 1.23 | 8.6% | - |
| FinWise Bancorp | FINW | $218M | 14.09 | 1.13 | 8.3% | - |
| Meridian Corporation | MRBK |
| $218M |
| 8.87 |
| 1.07 |
| 10.9% |
| - |
| OP Bancorp | OPBK | $215M | 7.89 | 0.94 | 11.2% | - |
| Open Lending Corporation | LPRO | $209M | - | 2.78 | -5.7% | 18.99 |
| Peoples Bancorp of North Carolina, Inc. | PEBK | $208M | 10.76 | 1.32 | 12.6% | - |
| Eagle Financial Services, Inc. | EFSI | $205M | 9.95 | 1.06 | 4.3% | - |
| Peer Median | - | 10.76 | 1.18 | 9.5% | 18.99 | |