MFIN News & Events

Reports Q4 net interest income $56.4M, consensus $56.2M. Total net income attributable to stockholders was $12.2M, compared to $10.1M vs. last year. Loan originations grew to $421.3M vs. $285.7M last year, driven by $258.3M in strategic partnership originations. Net interest margin on gross loans was 8.04% vs. 7.84% last year. "2025 marked a record year for Medallion, with solid performance across our core financial metrics and operating segments," said CEO Andrew Murstein.

Reports Q3 book value per share $17.07. Andrew Murstein, President and Chief Operating Officer of Medallion Financial, commented, "We are very pleased with our continued strong results. This quarter we reached record highs in net interest income, loan volume and total assets. We had a 31% increase in net income year-over-year when excluding the $3.5 million non-recurring charges related to the redemption of the Bank's series F preferred stock, and continued momentum across our core lending businesses. Net interest margin continued to improve on both gross and net loans. Our diverse business lines delivered meaningful contributions, with higher interest income and disciplined execution supporting strong financial performance. The loan portfolio continued to grow, reaching $2.56 billion, and loan originations reaching $427 million at the end of the quarter."

Medallion Financial announced that its board of directors has appointed Andrew Murstein as CEO effective January 31, 2026. Andrew Murstein will continue to serve as president, COO and a member of the board of directors. In his expanded role, Andrew Murstein will drive the company's overall strategic direction, overseeing capital allocation, risk management, and operational efficiency, aiming to improve overall shareholder value. Alvin Murstein, who has led the company and the predecessor companies for the past 60 plus years, will become executive chairman. He is expected to serve as executive chairman until May 2027, after which he will retire from such position. The transition is part of a planned leadership succession process designed to ensure continuity and sustained strategic growth.