Business
Medallion Bank Reports 2025 Fourth Quarter and Full-Year Results and Declares Series G Preferred Stock Dividend
SALT LAKE CITY, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO, the “Bank”), an FDIC-insured bank providing consumer loans for the purchase
About this update from Medallion Financial Corp.
[{"type":"text","content":"SALT LAKE CITY, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO, the “Bank”), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter and year ended December 31, 2025. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN). 2025 Fourth Quarter Highlights Net income of $19.4 million, compared to $15.6 million in the prior year quarter.Net interest income of $55.9 million, compared to $53.1 million in the prior year quarter. Total non-interest income of $11.7 million, compared to less than $0.1 million in the prior year quarter, largely due to the sale of the Bank’s remaining taxi medallion assets to an affiliate in the fourth quarter 2025.Net interest margin of 8.51%, compared to 8.28% in the prior year quarter.Strategic partnership loan originations grew to $258.3 million in the quarter, up from $123.7 million in the prior year quarter.Total provision for credit losses was $26.3 million, compared to $20.5 million in the prior year quarter. Total provision includes a non-recurring $2.6 million charge to reclassify recreation loans from held for sale to loans receivable, along with provisions associated with portfolio growth.Annualized net charge-offs were 3.35% of average loans outstanding, compared to 3.28% in the prior year quarter.Annualized return on assets and return on equity were 2.99% and 17.34%, respectively, compared to 2.44% and 16.43%, respectively, for the prior year period. 2025 Full-Year Highlights Net income of $72.2 million, compared to net income of $60.6 million in 2024, representing an increase of 19%.Net interest income of $217.9 million, compared to $204.7 million in 2024.Net interest margin of 8.51%, compared to 8.48% in 2024.Strategic partnership loan originations grew to $771.6 million in 2025, up from $203.6 million in 2024.Total provision for credit losses was $81.2 million, compared to $75.8 million in 2024.Total net charge-offs were 2.92% of average loans outstanding, compared to 2.82% in 2024.Return on assets and return on equity were 2.84% and 17.05%, respectively, compared to 2.52% and 16.62% in 2024, respectively.The total loan portfolio size was $2.4 billion as of December 31, 2025,...