Medallion Financial | 8-K: FY2026 Q2 Revenue: USD 88.85 M

Revenue: As of FY2026 Q2, the actual value is USD 88.85 M.

EPS: As of FY2026 Q2, the actual value is USD 0.31, beating the estimate of USD 0.285.

EBIT: As of FY2026 Q2, the actual value is USD 41.63 M.

Overall Financial Highlights (Three Months Ended June 30, 2026 vs. 2025)

Net Income

• Total Net Income Attributable to Stockholders was $7.4 million, compared to $11.1 million in the prior year quarter, including a $0.2 million gain on equity investments, down from $6.1 million in the prior year quarter.
• Net Income was $9,780 thousand, compared to $13,667 thousand in the prior year quarter.

Net Interest Income and Margin

• Net Interest Income grew 7% to $57.2 million from $53.4 million in the prior year quarter.
• Net Interest Margin (NIM) on gross loans was 7.94%, down from 8.09% in the prior year quarter.
• NIM on net loans was 8.28%, down from 8.42% in the prior year quarter.
• Net Interest Income after Provision for Credit Losses was $34,974 thousand, compared to $31,808 thousand in the prior year quarter.

Total Assets and Loan Portfolio

• Total Assets exceeded $3.0 billion for the first time, reaching $3.194 billion as of June 30, 2026, up from $2.880 billion as of June 30, 2025.
• Total Loan Originations grew 63% to $611.6 million, compared to $375.0 million in the prior year quarter.
• Strategic Partnership Loan Originations were $247.1 million, compared to $168.6 million in the prior year quarter.
• The Total Loan Portfolio was $2.795 billion as of June 30, 2026, up 12.5% compared to $2.485 billion a year ago.

Other Operational Metrics

• Credit Loss Provision was $22.3 million, compared to $21.6 million in the prior year quarter.
• Net Book Value Per Share was $17.62 at June 30, 2026, compared to $16.77 a year ago.
• Total Other Income, Net, was $4,476 thousand, compared to $9,209 thousand in the prior year quarter.
• Total Other Expenses were $24,953 thousand, compared to $21,545 thousand in the prior year quarter.
• Income Before Income Taxes was $14,497 thousand, compared to $19,472 thousand in the prior year quarter.
• Income Tax Provision was $4,717 thousand, compared to $5,805 thousand in the prior year quarter.

Capital Allocation

• Medallion Financial Corp. declared and paid a quarterly cash dividend of $0.14 per share, and the Board of Directors also declared a quarterly dividend of $0.14 per share payable on August 31, 2026.
• The Company repurchased 779,799 shares of its common stock for $7.7 million during the quarter, at an average cost of $9.85 per share.
• As of June 30, 2026, $6.7 million remained under its $40 million stock repurchase program.

Segment-Specific Performance (Three Months Ended June 30, 2026 vs. 2025)

Recreation Lending

• Originations were $228.5 million, up 63.0% compared to $142.8 million a year ago.
• Recreation Loans grew 14% to $1.760 billion, representing 63% of total loans, as of June 30, 2026, compared to $1.546 billion (62%) a year ago.
• Interest Income grew 12% to $57.1 million, from $51.1 million in the prior year quarter.
• Loans 90+ Days Past Due were $9.7 million, or 0.57% of gross recreation loans, compared to $7.3 million, or 0.49%, a year ago.
• Allowance for Credit Losses was 5.16%, compared to 5.05% a year ago.

Home Improvement Lending

• Originations were $128.6 million, up 31.7% compared to $54.3 million a year ago.
• Home Improvement Loans were $885.6 million, representing 32% of total loans, as of June 30, 2026, compared to $803.5 million (32%) a year ago.
• Interest Income was $20.9 million, compared to $20.1 million in the prior year quarter.
• Loans 90+ Days Past Due were $1.5 million, or 0.17% of gross home improvement loans, compared to $1.3 million, or 0.16%, a year ago.
• Allowance for Credit Losses was 2.42%, compared to 2.54% a year ago.

Commercial Lending

• Commercial Loans were $126.2 million as of June 30, 2026, compared to $121.4 million a year ago.
• Interest Income was $3.5 million, compared to $3.8 million in the prior year quarter.
• Net Equity Gains were $0.2 million, compared to $6.1 million a year ago.

Strategic Partnerships

• Originations were $247.1 million, compared to $168.6 million a year ago.
• Fees Generated were $1.1 million, compared to $0.8 million in the prior year quarter.

Taxi Medallion Lending

• Cash Collected on taxi medallion-related assets was $1.8 million, resulting in net recoveries and gains of $1.4 million.
• Total Net Taxi Medallion-Related Assets declined to $3.5 million, a 42% reduction from a year ago, representing 0.1% of the Company’s total assets.

Consolidated Balance Sheet (As of June 30, 2026 vs. June 30, 2025)

• Cash, Cash Equivalents, and Federal Funds Sold were $205,991 thousand, compared to $151,994 thousand.
• Loans Held for Sale were $21,376 thousand, compared to $72,490 thousand.
• Loans were $2,773,366 thousand, compared to $2,412,561 thousand.
• Allowance for Credit Losses was - $122,701 thousand, compared to - $106,896 thousand.
• Net Loans Receivable was $2,650,665 thousand, compared to $2,305,665 thousand.
• Total Liabilities were $2,688,138 thousand, compared to $2,347,429 thousand.
• Total Stockholders’ Equity was $406,018 thousand, compared to $389,896 thousand.

Outlook

Medallion Financial Corp. anticipates continued profitable growth through disciplined underwriting, a strong funding base, and expanding strategic partnerships. The company also expects future portfolio and earnings growth due to its current originations and prudent capital allocation.