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Medallion Financial Corp (MFIN) Management on Q2 2021 Results - Earnings Call Transcript

Aug. 03, 2021 4:25 PM ETMedallion Financial Corp. (MFIN)
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Medallion Financial Corp (NASDAQ:MFIN) Q2 2021 Earnings Conference Call August 3, 2021 9:00 AM ET

Company Participants

Andrew Murstein - President & Chief Operating Officer

Larry Hall - Chief Financial Officer

Conference Call Participants

Steve Moss - B. Riley Securities

Alex Twerdahl - Piper Sandler

Mike Grondahl - Northland Securities


Thank you for standing by. This is the conference operator. Welcome to the Medallion Financial Second Quarter 2021 Earnings Conference Call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After presentation, there will be an opportunity to ask questions. [Operator Instructions]

I would now like to turn the conference over to Ken Cooper [ph] with Investor Relations. Please go ahead.

Unidentified Company Representative

Thank you, and good morning, everyone. Welcome to Medallion Financial's second quarter earnings call. Joining me today are Andrew Murstein, President and Chief Operating Officer; and Larry Hall, Chief Financial Officer.

Certain statements made during the call today constitute forward-looking statements made pursuant to and within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 as amended. Such forward-looking statements are subject to both known and unknown risks and uncertainties that could cause actual results to differ materially from such statements. Those risks and uncertainties are described in our earnings press release issued earlier and in our filings with the SEC. The forward-looking statements made today are as of the date of this call and we do not undertake any obligation to update these forward-looking statements.

With that, let me turn the call over to Andrew. Andrew?

Andrew Murstein

Thank you, Ken. Good morning, everyone. Over the last several quarters, we have truly transformed the company into a very profitable business with several strong segments namely, recreational and home improvement lending. This resulted in strong bottom-line performance for

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