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Medallion Financial's (MFIN) Management on Q1 2020 Results - Earnings Call Transcript

May 01, 2020 4:01 PM ETMedallion Financial Corp. (MFIN)
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Medallion Financial Corp (NASDAQ:MFIN) Q1 2020 Earnings Conference Call May 1, 2020 9:00 AM ET

Company Participants

Andrew Murstein – President

Larry Hall – Chief Financial Officer

Conference Call Participants

Alex Twerdahl – Piper Sandler

Scott Buck – B. Riley FBR

Mike Grondahl – Northland Securities


Good morning, and welcome, everyone, to Medallion Financial’s 2020 First Quarter Earnings Call. By now, everyone should have access to the earnings announcement, which was released prior to this call and which may also be found on the company’s website at medallion.com.

Before we begin formal remarks, we need to remind everyone that the matters discussed on this call include forward-looking statements or projected financial information that involve risks and uncertainties that may cause the company’s actual results to differ materially from those projected in such forward-looking statements and projected financial information. These statements are not guarantees of future performance, and therefore, undue reliance should not be placed upon them. For further information on factors that could impact the company and the statements and projections contained herein, please refer to the company’s filings with the Securities and Exchange Commission.

Each forward-looking statement and projection of financial information made during this call is based on information available to us as of the date of this call. We disclaim any obligations to update our forward-looking statements unless required by law. I would now like to introduce Andrew Murstein, President of Medallion Financial.

Andrew Murstein

Good morning, everyone, and thank you for participating in our 2020 First Quarter Earnings Call. Joining me on today’s call is our CFO, Larry Hall; and our Director of Investor Relations, Alex Arzeno. Been an eventful start to the year, but we hope everyone is safe and your families are well during this tumultuous time we are in.

My grandfather bought

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