--- title: "Medallion Bank UTAH Pref Shares MEDBNK 9.0 Perp 07/01/30 | 8-K: FY2025 Q4 Revenue: USD 95.82 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/276271705.md" datetime: "2026-02-18T21:14:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276271705.md) - [en](https://longbridge.com/en/news/276271705.md) - [zh-HK](https://longbridge.com/zh-HK/news/276271705.md) generator: "portal-rs" --- # Medallion Bank UTAH Pref Shares MEDBNK 9.0 Perp 07/01/30 | 8-K: FY2025 Q4 Revenue: USD 95.82 M Revenue: As of FY2025 Q4, the actual value is USD 95.82 M. EPS: As of FY2025 Q4, the actual value is USD 0.5. EBIT: As of FY2025 Q4, the actual value is USD -35.73 M. ### 2025 Fourth Quarter Highlights - **Net Income Attributable to Stockholders**: Net income was $12.2 million, an increase of 20% compared to $10.1 million in the prior year quarter. - **Net Interest Income**: Net interest income grew 8% to $56.4 million from $52.0 million in the prior year quarter. - **Net Interest Margin**: Net interest margin on gross loans was 8.04%, compared to 7.84% in the prior year quarter, and net interest margin on net loans was 8.39%, compared to 8.15% in the prior year quarter. - **Loan Originations**: Total loan originations grew to $421.3 million, compared to $285.7 million in the prior year quarter, including $258.3 million of strategic partnership loan originations, up from $123.7 million. - **Credit Loss Provision**: The provision for credit losses was $27.7 million, compared to $20.6 million in the prior year quarter. - **Dividend**: MEDALLION FINANCIAL CORP. declared and paid a quarterly cash dividend of $0.12 per share. ### 2025 Full-Year Highlights - **Net Income Attributable to Stockholders**: Total net income attributable to stockholders for 2025 was $43.0 million, an increase of 20% compared to $35.9 million in the prior year. - **Net Interest Income**: Net interest income grew 7% to $216.9 million from $202.5 million in the prior year. - **Net Interest Margin**: Net interest margin on gross loans was 8.06%, compared to 8.05% in the prior year, and net interest margin on net loans was 8.40%, compared to 8.35% in the prior year. - **Loan Originations**: Total loan originations grew to $1.505 billion, compared to $1.043 billion in the prior year, with strategic partnership loan originations at $771.6 million, up from $203.6 million. - **Loan Portfolio**: The loan portfolio, including loans held for sale, was $2.567 billion as of December 31, 2025, up 3% from $2.491 billion a year ago. - **Credit Loss Provision**: The provision for credit losses was $89.8 million, compared to $76.5 million in the prior year. - **Share Repurchases**: MEDALLION FINANCIAL CORP. repurchased 108,351 shares of common stock for a total of $1.0 million at an average cost of $9.10 per share, with $14.4 million remaining under its $40 million stock repurchase program as of December 31, 2025. - **Net Book Value Per Share**: Net book value per share at the end of 2025 was $17.53, up 10% from $16.00 a year ago. ### Segment Performance #### Recreation Lending - **Originations**: Quarterly originations were $97.2 million, compared to $72.2 million a year ago, while total originations for the year ended December 31, 2025, were $468.5 million, compared to $526.6 million for the prior year. - **Loan Portfolio**: Recreation loans grew 5% to $1.62 billion, representing 63% of total loans, as of December 31, 2025, compared to $1.54 billion, or 62%, a year ago. - **Interest Income**: Quarterly interest income grew 6% to $54.2 million from $51.3 million in the prior year quarter, and total interest income for the year was $209.3 million, compared to $194.1 million for the prior year. - **Average Interest Rate**: The average interest rate was 15.16% at year-end, compared to 15.07% a year ago. - **Credit Quality**: Loans 90 days or more past due were $12.9 million, or 0.82% of gross recreation loans, compared to $10.0 million, or 0.67%, a year ago, with allowance for credit loss at 5.32% for loans held for investment, compared to 5.00% a year ago. #### Home Improvement Lending - **Originations**: Quarterly originations were $61.7 million, compared to $82.5 million a year ago, and total originations for the year were $224.5 million, compared to $298.6 million for the prior year. - **Loan Portfolio**: Home improvement loans were $810.2 million, or 32% of total loans, as of December 31, 2025, compared to $827.2 million, or 33%, a year ago. - **Interest Income**: Quarterly interest income grew 2% to $20.3 million from $19.9 million in the prior year quarter, and total interest income for the year was $80.6 million, compared to $74.0 million a year ago. - **Average Interest Rate**: The average interest rate was 9.87% at year-end, compared to 9.81% a year ago. - **Credit Quality**: Loans 90 days or more past due were $1.3 million, or 0.16% of gross home improvement loans, compared to $1.4 million, or 0.17%, a year ago, with allowance for credit loss at 2.41%, compared to 2.48% a year ago. #### Commercial Lending - **Originations**: Quarterly originations were $4.1 million, compared to $7.3 million a year ago, and total originations for the year were $40.6 million, compared to $14.3 million for the prior year. - **Loan Portfolio**: Commercial loans grew to $123.1 million as of December 31, 2025, compared to $111.3 million a year ago. - **Average Interest Rate**: The average interest rate on the portfolio was 14.22% as of December 31, 2025, compared to 12.97% a year ago. - **Net Equity Gains**: The segment recognized $8.8 million of net equity gains during the quarter, compared to $3.8 million a year ago. #### Strategic Partnerships - **Originations**: Quarterly originations were $258.3 million, compared to $123.7 million a year ago, and total originations for the year were $771.6 million, compared to $203.6 million for the prior year. - **Loans Held**: Total strategic partnership loans held were $15.1 million as of December 31, 2025, compared to $7.4 million a year ago. - **Fees Generated**: Fees generated were $1.2 million for the quarter, compared to $0.6 million a year ago, with total fees for the year at $3.6 million, compared to $1.8 million for the prior year. - **Loan Holding Period**: The average loan holding period for strategic partnership loans was five days. #### Taxi Medallion Lending - **Cash Collections and Gains**: MEDALLION FINANCIAL CORP. collected $2.5 million of cash on taxi medallion-related assets during the quarter, resulting in net recoveries and gains of $1.4 million, with total cash collections for the year at $13.6 million, resulting in net recoveries and gains of $4.6 million. - **Assets Decline**: Total net taxi medallion-related assets declined to $4.3 million, a 45% reduction from a year ago, representing less than two tenths of one percent of the Company’s total assets as of December 31, 2025. ### Balance Sheet - **Cash and Cash Equivalents**: Cash and cash equivalents, including investment securities, were $261.7 million as of December 31, 2025, compared to $224.4 million as of December 31, 2024. - **Total Assets**: Total assets were $2.955 billion as of December 31, 2025, up from $2.869 billion as of December 31, 2024. - **Total Liabilities**: Total liabilities were $2.447 billion as of December 31, 2025, up from $2.430 billion as of December 31, 2024. - **Allowance for Credit Losses**: Allowance for credit losses was - $114,789 thousand as of December 31, 2025, compared to - $97,368 thousand as of December 31, 2024. ### Consolidated Statements of Operations (Full Year 2025 vs. 2024) #### Other Income - **Gain on Equity Investments, Net**: $24,552 thousand in 2025, compared to $6,917 thousand in 2024. - **Gain (Loss) on Taxi Medallion Assets, Net**: $4,632 thousand in 2025, compared to $884 thousand in 2024. - **Strategic Partnership Fees**: $3,621 thousand in 2025, compared to $1,781 thousand in 2024. - **Gain on Sale of Recreation Loans**: $1,304 thousand in 2025, compared to - $0- in 2024. - **Other Income (General)**: $3,884 thousand in 2025, compared to $1,748 thousand in 2024. - **Total Other Income, Net**: $37,993 thousand in 2025, compared to $11,330 thousand in 2024. #### Other Expenses - **Salaries and Employee Benefits**: $41,664 thousand in 2025, compared to $38,344 thousand in 2024. - **Loan Servicing Fees**: $11,500 thousand in 2025, compared to $10,771 thousand in 2024. - **Collection Costs**: $6,681 thousand in 2025, compared to $6,380 thousand in 2024. - **Regulatory Fees**: $3,634 thousand in 2025, compared to $3,795 thousand in 2024. - **Professional Fee Costs, Net**: $5,005 thousand in 2025, compared to - $1,372 thousand in 2024. - **Rent Expense**: $2,789 thousand in 2025, compared to $2,682 thousand in 2024. - **Amortization of Intangible Assets**: $1,445 thousand in 2025, consistent with $1,445 thousand in 2024. - **Penalties**: - $0- in 2025, compared to $3,000 thousand in 2024. - **Other Expenses (General)**: $12,461 thousand in 2025, compared to $9,382 thousand in 2024. - **Total Other Expenses**: $85,179 thousand in 2025, compared to $74,427 thousand in 2024. ### Outlook / Guidance (2026 Strategy) MEDALLION FINANCIAL CORP. plans to refine its strategic priorities in 2026 to achieve sustained growth in its recreation and home improvement lending segments. The company expects strong contributions from its commercial lending segment and significant potential from its rapidly expanding strategic partnership program. MEDALLION FINANCIAL CORP. will continue to evaluate new business lines and growth opportunities to expand accretively and create long-term shareholder value. ### Related Stocks - [MBNKO.US](https://longbridge.com/en/quote/MBNKO.US.md) ## Related News & Research - [Tom Lee Sees ETH 'Easily' Hitting $10,000, Says BitMine Could Buy More Than 5%](https://longbridge.com/en/news/296958709.md) - [BMO Just Named Nvidia a Top Pick as It Initiates Coverage. 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