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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 | 11.4% | 19.8% | 29.8% |
| 2024 | $203M | - | $36M | $109M | 9.7% | 7.0% | -34.9% |
| 2023 | $190M | - | $55M | $114M | 16.1% | 17.0% | 25.6% |
| 2022 | $162M | - | $44M | $109M | 14.5% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 162.25 | 189.87 | 203.09 | 243.39 |
| Operating Revenue | - | 162.25 | 189.87 | 203.09 | 243.39 |
| Selling General And Administration | - | 33.51 | 40.03 | 41.03 | 44.45 |
| Interest Income | - | 196.62 | 251.04 | 290.70 | 315.32 |
| Interest Expense | - | 36.18 | 62.95 | 88.17 | 98.43 |
| Net Interest Income | - | 160.44 | 188.09 | 202.54 | 216.89 |
| Pretax Income | - | 67.85 | 86.04 | 62.94 | 79.89 |
| Tax Provision | - | 17.96 | 24.91 | 21.01 | 24.54 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 1.27 | 0.96 | -0.70 | 1.44 |
| Net Income Continuous Operations | - | 49.89 | 61.13 | 41.92 | 55.34 |
| Net Income From Continuing And Discontinued Operation | - | 43.84 | 55.08 | 35.88 | 46.56 |
| Net Income From Continuing Operation Net Minority Interest | - | 43.84 | 55.08 | 35.88 | 46.56 |
| Net Income | - | 43.84 | 55.08 | 35.88 | 46.56 |
| Net Income Common Stockholders | - | 43.84 | 55.08 | 35.88 | 43.04 |
| Net Income Including Noncontrolling Interests | - | 49.89 | 61.13 | 41.92 | 55.34 |
| Normalized Income | - | 40.32 | 52.74 | 37.30 | 43.36 |
| Diluted NI Availto Com Stockholders | - | 43.84 | 55.08 | 35.88 | 43.04 |
| Basic Average Shares | - | 23.58 | 22.51 | 22.55 | 22.77 |
| Diluted Average Shares | - | 23.93 | 23.25 | 23.61 | 24.25 |
| Reconciled Depreciation | - | 5.23 | 5.24 | 6.22 | 8.32 |
| Total Unusual Items | - | 4.79 | 3.30 | -2.12 | 4.63 |
| Total Unusual Items Excluding Goodwill | - | 4.79 | 3.30 | -2.12 | 4.63 |
| Minority Interests | - | -6.05 | -6.05 | -6.05 | -8.78 |
| Special Income Charges | - | -0.66 | 0 | -3 | 0 |
| Other Special Charges | - | - | - | 3 | - |
| Write Off | 5.59 | 0.66 | 1.70 | 0.53 | - |
| Gain On Sale Of Security | - | 2.78 | 5.18 | 6.92 | 24.55 |
| Depreciation Amortization Depletion Income Statement | - | 1.44 | 1.44 | 1.44 | 1.44 |
| Depreciation And Amortization In Income Statement | - | 1.44 | 1.44 | 1.44 | 1.44 |
| General And Administrative Expense | - | 33.51 | 40.03 | 41.03 | 44.45 |
| Other Gand A | 2.51 | - | - | - | - |
| Salaries And Wages | - | 31.13 | 37.56 | 38.34 | 41.66 |
| Rent Expense Supplemental | - | 2.38 | 2.47 | 2.68 | 2.79 |
| Rent And Landing Fees | - | 2.38 | 2.47 | 2.68 | 2.79 |
| Otherunder Preferred Stock Dividend | - | - | - | - | 3.52 |
| Amortization | - | 1.44 | 1.44 | 1.44 | 1.44 |
| Amortization Of Intangibles Income Statement | - | 1.44 | 1.44 | 1.44 | 1.44 |
| 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 | $230M | 4.93↓ discount | 0.56 | 11.4% | - |
| C&F Financial Corporation | CFFI | $237M | 8.83 | 0.90 | 10.3% | - |
| Princeton Bancorp, Inc. | BPRN | $236M | 12.67 | 0.87 | 6.9% | - |
| LCNB Corp. | LCNB | $235M | 10.18 | 0.86 | 8.4% | - |
| Virginia National Bankshares Corporation | VABK |
| - |
| - |
| - |
| - |
| - |
| - |
| $229M |
| 11.89 |
| 1.24 |
| 10.5% |
| - |
| Ohio Valley Banc Corp. | OVBC | $227M | 14.56 | 1.33 | 9.2% | - |
| FB Bancorp, Inc. | FBLA | $225M | 179.93 | 0.72 | 0.4% | - |
| Peoples Bancorp of North Carolina, Inc. | PEBK | $223M | 11.26 | 1.42 | 12.6% | - |
| National Bankshares, Inc. | NKSH | $222M | 14.04 | 1.20 | 8.6% | - |
| Peer Median | - | 12.28 | 1.05 | 8.9% | - | |