Medallion Financial Q2 2024 Earnings Report

Medallion Financial EPS Results

• Actual EPS: $0.30
• Consensus EPS: $0.33
• Beat/Miss: Missed by -$0.03
• One Year Ago EPS: $0.62

Medallion Financial Revenue Results

• Actual Revenue: $71.80 million
• Expected Revenue: $50.39 million
• Beat/Miss: Beat by +$21.41 million
• YoY Revenue Growth: N/A

Medallion Financial Announcement Details

• Quarter: Q2 2024
• Date: 7/30/2024
• Time: After Market Closes

Medallion Financial (NASDAQ:MFIN), together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses. It also provides debt, mezzanine, and equity investment capital to companies in various commercial industries; and raises deposits and conducts other banking activities. Medallion Financial Corp. was incorporated in 1995 and is headquartered in New York City, New York.