Medallion Financial (MFIN) - NASDAQ
  • Tue, May 10, 9:08 AM
    • Medallion Financial (NASDAQ:TAXI): Q1 EPS of $0.28 beats by $0.01.
    • Revenue of $6.5M (-32.9% Y/Y) misses by $2.14M.
    • Press Release
    | Tue, May 10, 9:08 AM | 7 Comments
  • Wed, Feb. 17, 12:23 PM
    • Q4 earnings of $6.911M or $0.29 beat estimates by a penny, and full-year earnings of $29.376M or $1.20 per share compared to $28.692M and $1.14 in 2014.
    • Book value per share of $11.42 vs. current price of $7.62.
    • Combined with Medallion Bank, net interest margin of 6.95% gained nine basis points from the year-ago quarter. Medallion Bank's consumer lending portfolio grew 31% Y/Y. President Andrew Murstein notes 80% of earnings in 2015 came from non-taxi related loan products.
    • On a combined basis, loans 90 days past due rose to 2.2% from 1.5% in Q3. Medallion loans 90 days past due rose to 3.8% from 1.8%. The current LTV of the combined taxi medallion portfolio is 76% vs. 60% a year ago. Loan loss reserves of 2.35% up 18 bps from Q3, and 44 bps from a year ago.
    • Medallion loans of $308.4M slipped 1% Y/Y, and now make up 51% of the investment portfolio vs. 59% a year ago.
    • Previously: Medallion Financial beats by $0.01 (Feb. 17)
    • TAXI +17.8%
    | Wed, Feb. 17, 12:23 PM | 2 Comments
  • Wed, Feb. 17, 9:12 AM
    | Wed, Feb. 17, 9:12 AM | 6 Comments
  • Nov. 4, 2015, 9:17 AM
    • Medallion Financial (NASDAQ:TAXI): Q3 EPS of $0.30 beats by $0.02.
    • Revenue of $8.38M (-9.8% Y/Y) misses by $2.55M.
    | Nov. 4, 2015, 9:17 AM | 30 Comments
  • Aug. 4, 2015, 10:52 AM
    • Q2 net increase in net assets from operations of $8.1M or $0.33 per share vs. $7.1M and $0.28 one year ago. Net investment income of $4.3M or $0.18 per share vs. $3.8M and $0.15.
    • 64% of earnings came from consumer lending businesses, and consumer loans originated by Medallion Bank grew 30%.
    • On a combined basis with Medallion Bank, net interest margin of 6.93% vs. 7.11% a year ago.
    • Combined with Medallion Bank, loans 90 days or more past due of 1%, up from 0.5% in Q1. Medallion loans 90 days or more past due of 1.3% up from 0.3% in Q1. Medallion loans of $309.5M fell 3% Y/Y, and now represent 57% of the investment portfolio vs. 63% a year ago.
    • The commercial loan portfolio of $75.3M up 28% Y/Y, and now makes up 14% o the investment portfolio, up from 12%.
    • Stock buyback is raised to $26M from $12.5M still remaining. This would be good for about 12% of the float at the current price.
    • Previously: Medallion Financial beats by $0.03, misses on total investment income (Aug. 4)
    • TAXI +13.7%
    | Aug. 4, 2015, 10:52 AM | 2 Comments
  • Aug. 4, 2015, 9:04 AM
    • Medallion Financial (NASDAQ:TAXI): Q2 EPS of $0.33 beats by $0.03.
    • Total investment income of $10.84M (+9.7% Y/Y) misses by $0.15M.
    | Aug. 4, 2015, 9:04 AM
  • Apr. 29, 2015, 9:37 AM
    • Net investment income of $4.9M or $0.20 per share vs. $3.45M and $0.14 one year ago. Net increase in net assets from operations of $7.068M or $0.29 per share vs. $6.766M and $0.27.
    • Dividend is $0.25.
    • Medallion Bank earned $6.765M vs. $.5.972M a year ago. Consumer lending portfolio up 33% Y/Y.
    • Net interest margin for Medallion Financial of 7.44% vs. 5.99% one year ago.
    • Combined with Medallion Bank, loans 90 days past due of 0.5% up 10 basis points from the start of the year, flat from last year. Loan loss reserves of 1.93% slip 18 basis points.
    • Previously: Medallion Financial beats by $0.01, beats on revenue (April 29)
    • TAXI +1.1%
    | Apr. 29, 2015, 9:37 AM | 3 Comments
  • Apr. 29, 2015, 9:08 AM
    • Medallion Financial (NASDAQ:TAXI): Q1 EPS of $0.29 beats by $0.01.
    • Revenue of $11.83M (+30.9% Y/Y) beats by $0.85M.
    | Apr. 29, 2015, 9:08 AM
  • Feb. 17, 2015, 9:50 AM
    • Q4 earnings of $8.1M or $0.33 per share vs. $6.7M and $0.29 one year ago.
    • Combined net interest margin of 6.86% slips 8 eight basis points from a year ago.
    • No medallion loans 90 days or more past due; for the combined portfolio loans 90 days or more past due of 0.4% down 20 basis points from last year.
    • Year-end medallion loans of $311.9M up 5% from a year ago. Commercial loan portfolio of $71.1M up 18%.
    • With the release of year-end results, company expects to soon no longer be restricted from buying back stock and intends to soon begin repurchases.
    • Previously: Medallion Financial beats by $0.02 (Feb. 17)
    • TAXI +1%
    | Feb. 17, 2015, 9:50 AM | 4 Comments
  • Feb. 17, 2015, 9:17 AM
    • Medallion Financial (NASDAQ:TAXI): Q4 EPS of $0.33 beats by $0.02.
    • Shares +1.31% PM.
    | Feb. 17, 2015, 9:17 AM | 1 Comment
  • Nov. 3, 2014, 8:55 AM
    • Medallion Financial (NASDAQ:TAXI): Q3 EPS of $0.27 misses by $0.03.
    • Revenue of $9.29M (+23.5% Y/Y)
    | Nov. 3, 2014, 8:55 AM
  • Aug. 4, 2014, 8:59 AM
    • Medallion Financial (NASDAQ:TAXI): Q2 EPS of $0.28 beats by $0.01.
    • Revenue of $7.9M (+37.6% Y/Y)
    | Aug. 4, 2014, 8:59 AM | 3 Comments
  • May 5, 2014, 9:20 AM
    • Medallion Financial (TAXI): Q1 EPS of $0.27 beats by $0.01.
    | May 5, 2014, 9:20 AM
  • Nov. 4, 2013, 9:10 AM
    • Medallion Financial (TAXI): Q3 EPS of $0.29 misses by $0.04.(PR)
    | Nov. 4, 2013, 9:10 AM
  • Aug. 5, 2013, 4:00 PM
    • Medallion Financial (TAXI): Q2 EPS of $0.28 beats by $0.02. (PR)
    | Aug. 5, 2013, 4:00 PM | 1 Comment
Company Description
Medallion Financial Corp., a business development company, seeks investment opportunities in companies located in the US. The fund targets companies operating in the fields of transportation & warehousing, finance & insurance, construction, retail trade, administrative & support services,... More
Sector: Financial
Industry: Credit Services
Country: United States