Medallion Financial Corporation reported net income attributable to stockholders of $7.8 million, or $0.32 per share, for the third quarter of 2025. This figure includes a non-recurring charge of $3.5 million related to the redemption of Medallion Bank's series F preferred stock. Excluding this charge, net income for the quarter was $11.3 million. In the same period of the prior year, net income was $8.6 million, or $0.37 per share. The credit loss provision for the third quarter of 2025 was $18.6 million, compared to $20.2 million in the prior year quarter. The net book value per share as of September 30, 2025, was $17.1, up from $15.7 a year earlier. The company declared and paid a quarterly cash dividend of $0.12 per share. For the nine-month period, earnings increased by 20% year over year. The company reported record highs in net interest income, loan volume, and total assets during the third quarter. Medallion Financial Corporation also announced a $40 million stock repurchase program.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medallion Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-256322), on October 29, 2025, and is solely responsible for the information contained therein.
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