Medallion Financial Q1 FY26 net income attributable to stockholders drops to $5 million

• Medallion Financial Corp. net income attributable to stockholders fell to $5 million, or $0.20 per diluted share, for three months ended March 31, 2026, from $12 million, or $0.50 per diluted share, a year earlier.
• Total interest income rose 4.91% to $79.1 million, net interest income increased 5% to $54.1 million, net interest margin widened 6 basis points to 8.00%.
• Provision for credit losses edged up 2.27% to $22.5 million, net charge-offs climbed 8.21% to $20.6 million.
• Loans increased 2% to $2.62 billion, with originations rising more than 33.79% to $376.9 million, including strategic partnership program originations of $170 million.
• Issued USD 75 million of 8.25% senior notes due 2031 in April, lifting future interest costs; board raised quarterly dividend to $0.14 per share starting with payout on May 21, 2026.

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: 0001193125-26-206358), on May 05, 2026, and is solely responsible for the information contained therein.